Enservco Corp

CIK:0000319458|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Revenue	$ 3,981	$ 2,623	$ 9,084	$ 8,375
Expenses:
Cost of revenue	3,299	3,151	7,490	7,341
Sales, general, and administrative	1,764	979	4,184	3,364
Depreciation and amortization	441	848	1,006	1,732
Total operating expenses	5,504	4,978	12,680	12,437
Loss from operations	(1,523)	(2,355)	(3,596)	(4,062)
Other (expense) income:
Interest expense	(413)	(476)	(1,406)	(1,584)
Other (expense) income	(38)	60	(790)	142
Total other expense, net	(451)	(416)	(2,196)	(1,442)
Loss from continuing operations before taxes	(1,974)	(2,771)	(5,792)	(5,504)
Deferred income tax benefit	0	0	0	16
Loss from continuing operations	(1,974)	(2,771)	(5,792)	(5,488)
(Loss) income from discontinued operations	(920)	(178)	1,287	(1,195)
Gain (loss) from disposal of assets of discontinued operations	696	(67)	719	109
Net loss	$ (2,198)	$ (3,016)	$ (3,786)	$ (6,574)
Loss from continuing operations per common share - basic and diluted (in dollars per share)	$ (0.04)	$ (0.11)	$ (0.16)	$ (0.27)
(Loss) income from discontinued operations per common share - basic and diluted (in dollars per share)	(0.01)	(0.01)	0.06	(0.05)
Net loss per common share - basic and diluted (in dollars per share)	$ (0.05)	$ (0.12)	$ (0.11)	$ (0.33)
Weighted average number of common shares outstanding - basic and diluted (in shares)	48,681	24,516	35,328	20,223
Production Services [Member]
Revenues:
Revenue	$ 2,325	$ 2,623	$ 7,428	$ 8,375
Expenses:
Cost of revenue	2,433	3,151	6,624	7,341
Depreciation and amortization	353	663	897	1,129
Logistics Services [Member]
Revenues:
Revenue	1,656	0	1,656	0
Expenses:
Cost of revenue	866	0	866	0
Depreciation and amortization	$ 74	$ 0	$ 74	$ 0