Enservco Corp. (ENSV) Reports In-Line Q3 Views
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ENSERVCO Reports Third Quarter Financial Results
November 12, 2015 7:01 AM ESTDENVER, CO -- (Marketwired) -- 11/12/15 -- ENSERVCO Corporation (NYSE MKT: ENSV)
Despite industry downturn, Q3 well enhancement revenue flat year over year and total revenue down just 8% compared to revenue declines of 33% to 55% for other oil field services companies Gross profit improves $523,000, or 92%, to a marginal loss of $47,000 as a result of cost management efforts and lower fuel prices Net loss improves 11% year over year despite 68% increase in depreciation expense Adjusted-EBITDA improves $588,000, or 41%, to a loss of... More