secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001654954-22-015288
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO reports Q3 net income of $1.1M vs loss, revenue up 84% to $7.47M
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- Net income of $1.1M ($0.01 per diluted share) compared to net loss of $0.3M in Q3 2021.
- Revenue of $7.47M, up 84% YoY; average production 960 BOEPD (87% oil).
- Adjusted EBITDA of $3.87M, up 100% from $1.93M in Q3 2021.
- Cash of $30.9M (incl. $3.5M restricted) and zero debt; 14 non-operated D-J Basin wells expected to boost production in Q4 2022/2023.
- Operating income of $1.02M, up nearly 390% from Q3 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495422015288/0001654954-22-015288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495422015288/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-015288

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