Vivakor, Inc. (VIVK) Reports Q2 Revenue of $13.6M

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Vivakor Reports $13.6 Million Revenue for Second Quarter 2023

August 24, 2023 9:01 AM EDT

Led by Significant Increase in Oil and Natural Gas Liquid Sales from Prior Acquisition of Silver Fuels Delhi, LLC

LEHI, UT / ACCESSWIRE / August 24, 2023 / Vivakor, Inc. (NASDAQ: VIVK) ("Vivakor" or the "Company"), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today announced financial and operational results for the three and six months ended June 30, 2023.

Key Financial Highlights for Three Months Ended June 30, 2023 (year-over-year):

Revenue increased to $13.6 millionGross profit increased to $1.2 millionGross margin of 8.9%Operating loss decreased 77% to $0.8 million... More