secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001654954-22-006981
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO Q1 net income $1.34M, revenue $7.1M (+101% YoY)
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- Net income $1.34M ($0.02/diluted share) vs $0.73M ($0.01) in Q1 2021; revenue $7.1M, up 101%.
- Adjusted EBITDA $3.8M (+225%); cash $25.1M (incl. $3.3M restricted) and zero debt.
- Average production 1,074 BOEPD (80% oil); elected to participate in six new D-J Basin wells at ~$12.5M net cost.
- Two new Permian Basin San Andres wells began production in early March 2022; currently ~182 BOEPD each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495422006981/0001654954-22-006981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495422006981/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-006981

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer