공지 • Apr 24
Tony Sims and Jim Fate acquired Buckshot Trucking LLC from Enservco Corporation (OTCPK:ENSV) for $2.7 million. Tony Sims and Jim Fate acquired Buckshot Trucking LLC from Enservco Corporation (OTCPK:ENSV) for $2.7 million on April 1, 2025. Under the Membership Interest Purchase Agreement, promissory notes issued to Tony Sims and Jim Fate in the amounts of $2.025 million and $0.675 million, due December 31, 2024, were canceled, and mutual releases were executed. Prior to the sale, Buckshot refinanced obligations with Pathward, National Association, and Libertas Funding, LLC, releasing Enservco from all related guarantor obligations.
Tony Sims and Jim Fate completed the acquisition of Buckshot Trucking LLC from Enservco Corporation (OTCPK:ENSV) on April 1, 2025. 공지 • Nov 15
Enservco Corporation announced delayed 10-Q filing On 11/14/2024, Enservco Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Nov 07
Enservco Corporation(OTCPK:ENSV) dropped from S&P TMI Index Enservco Corporation(OTCPK:ENSV) dropped from S&P TMI Index 공지 • Nov 02
NYSE American LLC to Suspend Trading in the Common Stock of Enservco to Delist its Common Stock NYSE American LLC (‘NYSE American’ or the ‘Exchange’) announced that the staff of NYSE Regulation has determined to suspend trading in the common stock of Enservco Corporation (the ‘Company’) from the Exchange. The staff suspended trading in the Company’s common stock because the Listings Qualifications Panel (the ‘Panel’) of the Committee for Review of the Board of Directors of the Exchange (the ‘Committee’) had issued a decision in which it upheld the Exchange’s previously announced determination to delist the Company’s common stock. The Exchange previously announced on June 10, 2024 that the Company was no longer suitable for listing pursuant to Section 1009(a) of the NYSE American Company Guide (the ‘Company Guide’) as the Company was unable to demonstrate that it had regained compliance with Sections 1003(a)(i), (ii) and (iii) of the Company Guide by the end of the maximum 18-month compliance plan period, which expired on June 9, 2024. The Company had the right to request a review of this delisting determination by the Panel. The Company has a right to a review of the Panel’s decision to delist the Company’s common stock by the Committee by making a written request within 15 calendar days of the date of the Panel’s decision. The filing by the Exchange of an application with the Securities and Exchange Commission to delist the Company’s common stock is pending completion of all applicable procedures, including any appeal by the Company of the Panel’s decision. 공지 • Jun 15
Enservco Corporation (NYSEAM:ENSV) completed the acquisition of Buckshot Trucking LLC from Tony Sims and Jim Fate. Enservco Corporation (NYSEAM:ENSV) signed an agreement to acquire Buckshot Trucking LLC from Tony Sims and Jim Fate for $5.5 million on March 19, 2024. The initial consideration is $5.0 million, including $3.75 million of cash to be paid at closing and $1.25 million of ENSV common stock, with the stock price based on the 10-day period immediately preceding the Closing Date. As part of the Transaction, the principals at Buckshot have the opportunity for an additional potential performance payout of up to $0.5 million based on growth and financial performance relative to the performance of Enservco’s stock. Enservco Corporation will pay $500,000, in the form of Enservco common stock. To fund the $3.75 million of cash to paid at the Transaction’s closing, Enservco must raise additional capital either through the equity and/or debt markets. Buckshot founder and current owners Tony Sims and Jim Fate will continue to lead their business. Buckshot’s 2023 unaudited EBITDA (earnings before interest, tax and depreciation) is approximately $2.3 million on revenue of approximately $8.2 million.
The Transaction is subject to approval by Enservco stockholders. Each party’s obligation to consummate the Acquisition is conditioned upon certain closing conditions, including without limitation: (i) Buckshot Trucking having a trailing twelve ( 12 ) month adjusted EBITDA of at least $2,000,000 as of the closing date; (ii) Buckshot Trucking delivering a closing working capital amount of at least $1,230,000 as of the closing date; (iii) the Information Statement having been mailed to Enservco’s stockholders and at least 20 calendar days elapsing from the date of completion of such mailing; (iv) the performance by the other party of its obligations and covenants under the Buckshot Purchase Agreement; (v) the absence of any decree prohibiting consummation of the closing; and (vi) the delivery of certain closing deliverables by the other party. The Transaction is expected to close in the second quarter of 2024.
As of June 10, 2024, this includes completing the financing for Buckshot Trucking LLC which includes, amongst other terms, the issuance of $1.25 million of equity.
Enservco Corporation (NYSEAM:ENSV) completed the acquisition of Buckshot Trucking LLC from Tony Sims and Jim Fate on June 13, 2024. 공지 • Jun 10
Enservco Corporation announced that it expects to receive $10 million in funding Enservco Corporation announced a private placement of common shares in an equity line of credit for the gross proceeds of $10,000,000 on June 10, 2024. Reported Earnings • May 17
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: US$0.027 (up from US$0.071 loss in 1Q 2023). Revenue: US$9.79m (up 9.9% from 1Q 2023). Net income: US$740.0k (up US$1.74m from 1Q 2023). Profit margin: 7.6% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. 공지 • May 02
Enservco Corporation Announces Board Changes Enservco Corporation announced changes to its Board of Directors. Marc Kramer was appointed to the Company’s Board of Directors on April 30, 2024 upon the recommendation of the Company’s Board of Directors. He fills the position vacated by Mr. Steve Weyel who resigned effective April 29, 2024 to focus his attention on a new business venture. Mr. Kramer is a transportation industry investor and operator with over 30 years of investment experience. For the past seven years, he has served as executive chairman of SOAR Transportation Group, of which he is a majority owner, a provider of asset based and non-asset transportation and logistics services serving shippers throughout the United States. Mr. Kramer’s previous experience includes founding AVC Partners, which focused on investing and growing businesses in the transportation and logistics industry, and serving as managing director for both H.I.G. Capital and Fenway Partners LLC. Mr. Kramer sits on a variety of private boards which focus on logistics and investment sectors of the transportation industry. He holds a bachelor’s degree in government and economics from Dartmouth College and a master’s of business administration from Harvard University. Major Estimate Revision • Apr 09
Consensus revenue estimates increase by 23% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$24.0m to US$29.5m. Forecast losses expected to reduce from -US$0.19 to -US$0.13 per share. Energy Services industry in the US expected to see average net income growth of 14% next year. Consensus price target of US$1.00 unchanged from last update. Share price rose 8.8% to US$0.25 over the past week. New Risk • Apr 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.4m free cash flow). Negative equity (-US$572k). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (US$7.80m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.9m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Apr 01
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$0.42 loss per share. Revenue: US$22.1m (up 1.9% from FY 2022). Net loss: US$8.52m (loss widened 53% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. 공지 • Mar 20
Enservco Corporation (NYSEAM:ENSV) signed an agreement to acquire Buckshot Trucking LLC for $5.5 million. Enservco Corporation (NYSEAM:ENSV) signed an agreement to acquire Buckshot Trucking LLC for $5.5 million on March 20, 2024. The initial consideration is $5.0 million, including $3.75 million of cash to be paid at closing and $1.25 million of ENSV common stock, with the stock price based on the 10-day period immediately preceding the Closing Date. As part of the Transaction, the principals at Buckshot have the opportunity for an additional potential performance payout of up to $0.5 million based on growth and financial performance relative to the performance of Enservco’s stock. The Transaction is expected to close in the second quarter, subject to approval by Enservco stockholders. To fund the $3.75 million of cash to paid at the Transaction’s closing, Enservco must raise additional capital either through the equity and/or debt markets. Buckshot founder and current owners Tony Sims and Jim Fate will continue to lead their business. Buckshot’s 2023 unaudited EBITDA (earnings before interest, tax and depreciation) is approximately $2.3 million on revenue of approximately $8.2 million. New Risk • Mar 06
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Market cap is less than US$10m (US$4.93m market cap). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$2.6m). Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.13 loss per share (improved from US$0.27 loss in 3Q 2022). Revenue: US$2.94m (down 5.5% from 3Q 2022). Net loss: US$3.02m (loss narrowed 2.0% from 3Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. New Risk • Aug 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.3m free cash flow). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (US$7.18m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.8m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Aug 18
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.14 loss per share (improved from US$0.34 loss in 2Q 2022). Revenue: US$3.73m (up 8.1% from 2Q 2022). Net loss: US$2.55m (loss narrowed 35% from 2Q 2022). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2023 earnings released: US$0.071 loss per share (vs US$0.27 profit in 1Q 2022) First quarter 2023 results: US$0.071 loss per share (down from US$0.27 profit in 1Q 2022). Revenue: US$8.91m (up 3.8% from 1Q 2022). Net loss: US$1.00m (down 132% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 14
Price target increased by 18% to US$5.00 Up from US$4.25, the current price target is provided by 1 analyst. New target price is 374% above last closing price of US$1.06. Stock is up 66% over the past year. The company posted a net loss per share of US$0.74 last year. Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Executive Chairman & CEO Richard Murphy was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Jan 11
Enservco Corporation Receives Notice of Noncompliance from NYSE American Exchange Enservco Corporation announced it has received a notice of noncompliance from the NYSE American Exchange because the Company did not hold an annual meeting in 2022 due to it having to restate its financial statements. The Company expects to hold an annual meeting in 2023, at which time it will regain compliance with the NYSE American’s continued listing standards. 공지 • Dec 17
Enservco Receives Notice of Noncompliance from NYSE American Exchange Related to Stockholders’ Equity Level Enservco Corporation announced it has received a notice of noncompliance from NYSE Regulation because the Company’s stockholders’ equity of approximately $5.2 million for the second quarter ended June 30, 2022, was below the required minimum level of $6.0 million. This NYSE notice has no immediate effect on the listing or trading of the Company’s common stock. On or before January 9, 2023, Enservco is required to submit a plan to cure the deficiency and regain compliance with continued listing standards. If the NYSE accepts such plan, Enservco will have 18 months – or until June 9, 2024 – to regain compliance. A Form 8-K containing additional details on this notice will be filed with the Securities and Exchange Commission. 공지 • Nov 30
Enservco Receives a Late Filer Notification from the NYSE Regulation As previously reported in a Form 12b-25 Notification of Late Filing filed by Enservco Corporation on November 14, 2022, the Company is delayed in filing with the Securities and Exchange Commission (the "SEC") its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the "Form 10-Q"). As a result, on November 22, 2022, the Company received a late filer notification from the NYSE Regulation (the "NYSE") stating that the Company is not in compliance with the NYSE American's continued listing requirements under the timely filing criteria established in the NYSE American Company Guide. Under Section 1007 of the NYSE American Company Guide, the Company could be granted up to 12 months to cure the late filer deficiency. The initial six month period to regain compliance is automatic and the additional six months is only granted upon request by the Company and approval by the NYSE. The NYSE notice has no immediate effect on the listing or trading of the Company's common stock on the NYSE American. The Company anticipates that it will fully regain compliance with the NYSE American's continued listing requirements upon filing its Form 10-Q. 공지 • Nov 15
Enservco Corporation announced delayed 10-Q filing On 11/14/2022, Enservco Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Price Target Changed • Nov 12
Price target increased to US$5.00 Up from US$4.25, the current price target is provided by 1 analyst. New target price is 71% above last closing price of US$2.92. Stock is up 120% over the past year. The company is forecast to post a net loss per share of US$0.57 next year compared to a net loss per share of US$0.74 last year. Board Change • Nov 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman & CEO Richard Murphy was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Aug 13
Enservco Corporation announced delayed 10-Q filing On 08/12/2022, Enservco Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Jun 24
ENSV Investors Have Opportunity to Lead Enservco Corporation Securities Fraud Lawsuit The Law Offices of Frank R. Cruz announced that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Enservco Corporation. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Enservco had defective disclosure controls and procedures and internal control over financial reporting; (2) as a result, there were errors in Enservco's financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for ERCs; (3) accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the SEC; (4) the Company downplayed the true scope and severity of its financial reporting issues; (5) accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and (6) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. 공지 • May 24
Rosen Law Firm Announces Class Action Lawsuit Against Enservco Corporation Rosen Law Firm announced the filing of a class action lawsuit on behalf of purchasers of the securities of Enservco Corporation between May 13, 2021 and April 18, 2022, both dates inclusive (the “Class Period”). If wish to serve as lead plaintiff, must move the Court no later than July 19, 2022. If purchased Enservco securities during the Class Period may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Enservco had defective disclosure controls and procedures and internal control over financial reporting; as a result, there were errors in Enservco’s financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for Employee Retention Credits (“ERCs”); accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the U.S. Securities and Exchange Commission (“SEC”); the Company downplayed the true scope and severity of its financial reporting issues; accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. 공지 • May 17
Enservco Corporation announced delayed 10-Q filing On 05/16/2022, Enservco Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공지 • Apr 26
Enservco Corporation Appoints Mark K. Patterson Chief Financial Officer Enservco Corporation announced that Mark K. Patterson has been appointed Chief Financial Officer effective April 22, 2022. He succeeds the departing Marjorie Hargrave. Patterson, who joined Enservco recently as Senior Vice President, is an accomplished senior executive with extensive experience in financial and strategic planning, operations, logistics, capital markets, and M&A. He is a growth-oriented manager with a track record of leading and executing transformative business and financial strategies with private and public companies ranging from start-ups to multi-billion-dollar enterprises. 공지 • Apr 14
Enservco Corporation to Report Q4, 2021 Results on Apr 18, 2022 Enservco Corporation announced that they will report Q4, 2021 results After-Market on Apr 18, 2022 공지 • Apr 01
Enservco Corporation announced delayed annual 10-K filing On 03/31/2022, Enservco Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Jan 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Executive Chairman & CEO Richard Murphy was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Mar 25
Enservco Corporation Reports Impairment Loss for the Fourth Quarter Ended December 31, 2020 Enservco Corporation reported impairment loss for the fourth quarter ended December 31, 2020. For the quarter, impairment loss was $733,000. 공지 • Mar 20
Enservco Corporation to Report Q4, 2020 Results on Mar 23, 2021 Enservco Corporation announced that they will report Q4, 2020 results After-Market on Mar 23, 2021 공지 • Feb 11
Enservco Corporation has completed a Follow-on Equity Offering in the amount of $8.399998 million. Enservco Corporation has completed a Follow-on Equity Offering in the amount of $8.399998 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,652,173
Price\Range: $2.3
Discount Per Security: $0.138 공지 • Nov 11
Enservco Corporation to Report Q3, 2020 Results on Nov 12, 2020 Enservco Corporation announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 12, 2020 공지 • Oct 14
Enservco Corporation Announces Executive Changes Enservco Corporation announced that Chief Financial Officer Marjorie Hargrave has been elected to the additional role of President. Hargrave joined Enservco after serving as Chief Financial Officer for two energy companies – CTAP, LLC and High Sierra Energy, LP – both of which enjoyed growth during her tenure. Enservco also announced that Amanda Dalbey has been promoted to Vice President of Operations from her former position as Director of Operations. Dalbey has been with Enservco for nearly 13 years and held positions of increasing responsibility in the finance department before transitioning into operations as a project manager, Director of Operations and now VP of Operations. Dalbey is largely responsible for the improvement in operations and reduction in operating expenses during the year to date. 공지 • Oct 08
Enservco Corporation Elects Marjorie Hargrave to the Additional Role of President Enservco Corporation announced that Chief Financial Officer Marjorie Hargrave has been elected to the additional role of President. Hargrave, who joined Enservco in mid-2019, is credited with guiding the Company through its recent debt refinancing that resulted in a substantially stronger balance sheet and operation. Hargrave joined Enservco after serving as Chief Financial Officer for two energy companies " CTAP, LLC and High Sierra Energy, LP " both of which enjoyed growth during her tenure. 공지 • Aug 12
Enservco Corporation to Report Q2, 2020 Results on Aug 14, 2020 Enservco Corporation announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 14, 2020