Financial Snapshot

Revenue
$2.748M
TTM
Gross Margin
9.49%
TTM
Net Earnings
-$6.926M
TTM
Current Assets
$2.619M
Q2 2024
Current Liabilities
$3.862M
Q2 2024
Current Ratio
67.83%
Q2 2024
Total Assets
$16.55M
Q2 2024
Total Liabilities
$12.68M
Q2 2024
Book Value
$3.868M
Q2 2024
Cash
$2.365M
Q2 2024
P/E
-2.543
Nov 27, 2024 EST
Free Cash Flow
-$2.791M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $2.146M $0.00 $3.134M $140.0K $11.98M $0.00 $0.00 $1.450M $17.42M $3.910M $2.680M $10.94M $140.0K $440.0K $3.680M $2.940M $5.770M $1.250M $60.00K $60.00K $0.00 $120.0K
YoY Change -100.0% 2138.75% -98.83% -100.0% -91.68% 345.52% 45.9% -75.5% 7714.29% -68.18% -88.04% 25.17% -49.05% 361.6% 1983.33% 0.0% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Revenue $2.146M $0.00 $3.134M $140.0K $11.98M $0.00 $0.00 $1.450M $17.42M $3.910M $2.680M $10.94M $140.0K $440.0K $3.680M $2.940M $5.770M $1.250M $60.00K $60.00K $0.00 $120.0K
Cost Of Revenue $2.249M $1.178M $1.224M $1.090M $2.610M $1.100M $1.290M $1.160M $5.100M $430.0K $1.630M $3.630M $50.00K $470.0K $1.590M $210.0K $850.0K $170.0K $40.00K $870.0K $180.0K $80.00K
Gross Profit -$103.4K -$1.178M $1.910M -$960.0K $9.370M -$1.100M -$1.290M $290.0K $12.33M $3.480M $1.050M $7.300M $100.0K -$20.00K $2.100M $2.730M $4.920M $1.080M $20.00K -$810.0K -$180.0K $40.00K
Gross Profit Margin -4.82% 60.94% -685.71% 78.21% 20.0% 70.78% 89.0% 39.18% 66.73% 71.43% -4.55% 57.07% 92.86% 85.27% 86.4% 33.33% -1350.0% 33.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Selling, General & Admin $3.329M $3.541M $3.608M $3.690M $3.540M $4.390M $5.540M $6.440M $6.130M $4.790M $4.600M $4.770M $3.560M $4.260M $4.240M $3.680M $4.100M $2.820M $3.320M $3.080M $2.500M $2.260M
YoY Change -5.98% -1.86% -2.23% 4.24% -19.36% -20.76% -13.98% 5.06% 27.97% 4.13% -3.56% 33.99% -16.43% 0.47% 15.22% -10.24% 45.39% -15.06% 7.79% 23.2% 10.62%
% of Gross Profit 188.87% 37.78% 2220.69% 49.72% 137.64% 438.1% 65.34% 3560.0% 201.9% 134.8% 83.33% 261.11% 16600.0% 5650.0%
Research & Development $91.24K $195.8K $47.79K $0.00 $0.00 $3.630M $0.00 $0.00 $240.0K
YoY Change -53.4% 309.73% -100.0% -100.0%
% of Gross Profit 2.5% 0.0% 0.0% 18150.0% 600.0%
Depreciation & Amortization $1.759M $1.769M $1.776M $1.780M $1.780M $1.790M $1.900M $2.100M $700.0K $70.00K $90.00K $130.0K $160.0K $160.0K $170.0K $180.0K $130.0K $100.0K $70.00K $80.00K $80.00K $380.0K
YoY Change -0.52% -0.44% -0.2% 0.0% -0.56% -5.79% -9.52% 200.0% 900.0% -22.22% -30.77% -18.75% 0.0% -5.88% -5.56% 38.46% 30.0% 42.86% -12.5% 0.0% -78.95%
% of Gross Profit 93.01% 19.0% 724.14% 5.68% 2.01% 8.57% 1.78% 160.0% 8.1% 6.59% 2.64% 9.26% 350.0% 950.0%
Operating Expenses $5.180M $5.505M $5.432M $5.470M $5.320M $6.180M $7.440M $8.540M $6.830M $4.860M $4.690M $4.900M $3.720M $4.420M $4.420M $3.850M $4.230M $2.920M $7.030M $3.160M $2.570M $2.880M
YoY Change -5.91% 1.35% -0.7% 2.82% -13.92% -16.94% -12.88% 25.04% 40.53% 3.62% -4.29% 31.72% -15.84% 0.0% 14.81% -8.98% 44.86% -58.46% 122.47% 22.96% -10.76%
Operating Profit -$5.283M -$6.683M -$3.522M -$6.430M $4.050M -$7.280M -$8.730M -$8.250M $5.500M -$1.380M -$3.640M $2.400M -$3.620M -$4.440M -$2.320M -$1.120M $690.0K -$1.840M -$7.010M -$3.970M -$2.750M -$2.840M
YoY Change -20.95% 89.77% -45.23% -258.77% -155.63% -16.61% 5.82% -250.0% -498.55% -62.09% -251.67% -166.3% -18.47% 91.38% 107.14% -262.32% -137.5% -73.75% 76.57% 44.36% -3.17%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Interest Expense -$152.2K -$20.88K -$46.56K $90.00K -$210.0K $80.00K -$70.00K -$260.0K $730.0K $170.0K -$1.200M $150.0K $40.00K -$10.00K -$70.00K $250.0K -$230.0K -$1.290M -$1.790M $0.00 -$20.00K $40.00K
YoY Change 629.07% -55.15% -151.73% -142.86% -362.5% -214.29% -73.08% -135.62% 329.41% -114.17% -900.0% 275.0% -500.0% -85.71% -128.0% -208.7% -82.17% -27.93% -100.0% -150.0%
% of Operating Profit -5.19% 13.27% 6.25% -33.33%
Other Income/Expense, Net -$15.85K -$28.86K -$20.99K -$10.00K -$60.00K $40.00K -$90.00K -$220.0K -$530.0K -$350.0K -$110.0K -$70.00K $0.00 $0.00 -$10.00K -$300.0K
YoY Change -45.08% 37.49% 109.9% -83.33% -250.0% -144.44% -59.09% -58.49% 51.43% 218.18% 57.14% -100.0% -96.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Pretax Income -$5.451M -$6.733M -$3.124M -$6.000M $3.770M -$6.970M -$8.890M -$8.730M $5.690M -$1.560M -$4.940M $2.490M -$3.580M -$4.450M -$2.410M -$1.140M $370.0K -$4.270M -$9.510M -$4.180M -$4.160M -$3.070M
YoY Change -19.04% 115.54% -47.94% -259.15% -154.09% -21.6% 1.83% -253.43% -464.74% -68.42% -298.39% -169.55% -19.55% 84.65% 111.4% -408.11% -108.67% -55.1% 127.51% 0.48% 35.5%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $80.00K $370.0K -$4.850M $0.00 $400.0K $430.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -$20.00K $0.00 $0.00 $0.00
% Of Pretax Income 0.0% -85.24% 17.27% 0.0%
Net Earnings -$5.451M -$6.733M -$3.124M -$6.000M $3.770M -$6.970M -$8.970M -$9.100M $10.54M -$1.560M -$5.340M $2.060M -$3.580M -$4.450M -$2.410M -$1.140M $370.0K -$4.270M -$9.490M -$4.140M -$3.940M -$8.910M
YoY Change -19.04% 115.54% -47.94% -259.15% -154.09% -22.3% -1.43% -186.34% -775.64% -70.79% -359.22% -157.54% -19.55% 84.65% 111.4% -408.11% -108.67% -55.01% 129.23% 5.08% -55.78%
Net Earnings / Revenue -254.05% -99.67% -4285.71% 31.47% -627.59% 60.51% -39.9% -199.25% 18.83% -2557.14% -1011.36% -65.49% -38.78% 6.41% -341.6% -15816.67% -6900.0% -7425.0%
Basic Earnings Per Share -$0.07 -$0.10 -$0.05 -$0.09
Diluted Earnings Per Share -$0.07 -$0.10 -$48.31K -$93.15K $55.31K -$106.5K -$164.5K -$169.9K $214.9K -$35.15K -$128.2K $42.22K -$100.3K -$135.8K -$73.72K -$37.54K $11.61K -$170.5K -$446.0K -$205.7K -$223.9K -$525.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Cash & Short-Term Investments $401.7K $263.4K $2.808M $3.030M $6.640M $4.240M $1.120M $1.940M $9.140M $5.220M $5.770M $5.110M $1.520M $1.370M $4.170M $6.890M $7.620M $2.310M $1.280M $1.010M $1.330M $920.0K
YoY Change 52.49% -90.62% -7.33% -54.37% 56.6% 278.57% -42.27% -78.77% 75.1% -9.53% 12.92% 236.18% 10.95% -67.15% -39.48% -9.58% 229.87% 80.47% 26.73% -24.06% 44.57%
Cash & Equivalents $401.7K $263.4K $2.258M $2.690M $2.860M $340.0K $170.0K $490.0K $7.090M $50.00K $3.320M $5.050M $1.510M $460.0K $4.170M $150.0K $2.000M $990.0K $1.230M $920.0K
Short-Term Investments $0.00 $550.0K $340.0K $3.780M $3.900M $950.0K $1.450M $2.060M $5.170M $2.450M $60.00K $10.00K $910.0K $0.00 $6.750M $5.620M $1.320M $50.00K $660.0K $0.00
Other Short-Term Assets $53.67K $36.16K $265.4K $80.00K $100.0K $70.00K $110.0K $170.0K $340.0K $340.0K $210.0K $570.0K $40.00K $50.00K $50.00K $60.00K $120.0K $60.00K $70.00K $50.00K $140.0K $110.0K
YoY Change 48.42% -86.38% 231.8% -20.0% 42.86% -36.36% -35.29% -50.0% 0.0% 61.9% -63.16% 1325.0% -20.0% 0.0% -16.67% -50.0% 100.0% -14.29% 40.0% -64.29% 27.27%
Inventory $0.00 $400.0K $0.00 $300.0K $980.0K $1.110M $0.00
Prepaid Expenses
Receivables $1.739M $0.00 $806.5K $800.0K $1.300M $60.00K $60.00K $210.0K $810.0K $250.0K $300.0K $470.0K $120.0K $0.00 $1.140M $20.00K $900.0K $610.0K $70.00K $470.0K $100.0K $520.0K
Other Receivables $89.83K $57.07K $35.11K $170.0K $410.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $60.00K $60.00K $0.00
Total Short-Term Assets $2.284M $356.7K $3.915M $4.070M $8.450M $4.370M $1.280M $2.320M $10.69M $5.810M $6.580M $7.130M $2.800M $1.420M $5.370M $6.970M $8.650M $2.990M $1.430M $1.590M $1.620M $1.560M
YoY Change 540.36% -90.89% -3.81% -51.83% 93.36% 241.41% -44.83% -78.3% 83.99% -11.7% -7.71% 154.64% 97.18% -73.56% -22.96% -19.42% 189.3% 109.09% -10.06% -1.85% 3.85%
Property, Plant & Equipment $1.181M $1.804M $2.568M $3.120M $3.740M $680.0K $780.0K $3.350M $3.680M $240.0K $260.0K $330.0K $400.0K $530.0K $640.0K $630.0K $540.0K $400.0K $1.430M $1.610M $1.800M $4.710M
YoY Change -34.52% -29.77% -17.69% -16.58% 450.0% -12.82% -76.72% -8.97% 1433.33% -7.69% -21.21% -17.5% -24.53% -17.19% 1.59% 16.67% 35.0% -72.03% -11.18% -10.56% -61.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $249.9K $246.6K $234.5K $530.0K $540.0K $560.0K $520.0K $0.00 $70.00K $100.0K $0.00
YoY Change 1.35% 5.16% -55.76% -1.85% -3.57% 7.69% -100.0% -30.0%
Total Long-Term Assets $12.90M $15.22M $17.67M $19.94M $22.24M $20.89M $22.64M $26.37M $28.39M $240.0K $260.0K $330.0K $470.0K $630.0K $640.0K $630.0K $540.0K $390.0K $1.430M $1.610M $1.800M $4.760M
YoY Change -15.23% -13.87% -11.39% -10.34% 6.46% -7.73% -14.14% -7.12% 11729.17% -7.69% -21.21% -29.79% -25.4% -1.56% 1.59% 16.67% 38.46% -72.73% -11.18% -10.56% -62.18%
Total Assets $15.18M $15.58M $21.58M $24.01M $30.69M $25.26M $23.92M $28.69M $39.08M $6.050M $6.840M $7.460M $3.270M $2.050M $6.010M $7.600M $9.190M $3.380M $2.860M $3.200M $3.420M $6.320M
YoY Change
Accounts Payable $819.6K $120.0K $103.4K $60.00K $30.00K $500.0K $1.560M $310.0K $810.0K $480.0K $720.0K $1.020M $680.0K $380.0K $410.0K $360.0K $520.0K $190.0K $390.0K $120.0K $180.0K $120.0K
YoY Change 583.24% 16.07% 72.25% 100.0% -94.0% -67.95% 403.23% -61.73% 68.75% -33.33% -29.41% 50.0% 78.95% -7.32% 13.89% -30.77% 173.68% -51.28% 225.0% -33.33% 50.0%
Accrued Expenses $1.017M $1.156M $397.3K $380.0K $420.0K $110.0K $140.0K $180.0K $110.0K $610.0K $670.0K $190.0K $300.0K $260.0K $330.0K $270.0K $1.030M $110.0K $100.0K $120.0K
YoY Change -12.04% 191.05% 4.55% -9.52% -21.43% -22.22% 63.64% -81.97% -8.96% 252.63% -36.67% 15.38% -21.21% 22.22% -73.79% 836.36% 10.0% -16.67%
Deferred Revenue
YoY Change
Short-Term Debt $1.843M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $180.0K $660.0K $1.140M $0.00 $0.00 $0.00
YoY Change -100.0% -72.73% -42.11%
Long-Term Debt Due $454.6K $761.4K $597.8K $770.0K $740.0K $40.00K $40.00K $40.00K $30.00K $0.00 $10.00K $10.00K $10.00K $10.00K $10.00K $230.0K $0.00
YoY Change -40.29% 27.38% -22.37% 4.05% 1750.0% 0.0% 0.0% 33.33% -100.0% 0.0% 0.0% 0.0% 0.0% -95.65%
Total Short-Term Liabilities $4.134M $2.038M $1.098M $1.340M $1.320M $540.0K $1.600M $610.0K $3.160M $780.0K $4.960M $2.180M $3.130M $590.0K $720.0K $650.0K $3.280M $1.720M $4.210M $760.0K $890.0K $230.0K
YoY Change 102.88% 85.52% -18.03% 1.52% 144.44% -66.25% 162.3% -80.7% 305.13% -84.27% 127.52% -30.35% 430.51% -18.06% 10.77% -80.18% 90.7% -59.14% 453.95% -14.61% 286.96%
Long-Term Debt $2.478M $1.420M $2.305M $1.900M $2.670M $40.00K $90.00K $120.0K $160.0K $0.00 $0.00 $0.00 $0.00 $10.00K $20.00K $20.00K $0.00 $0.00 $240.0K $280.0K $0.00 $0.00
YoY Change 74.48% -38.37% 21.31% -28.84% 6575.0% -55.56% -25.0% -25.0% -100.0% -50.0% 0.0% -100.0% -14.29%
Other Long-Term Liabilities $27.03K $24.57K $22.34K $20.00K $20.00K $470.0K $660.0K $140.0K $140.0K $50.00K $60.00K $60.00K $60.00K $50.00K $240.0K $30.00K $30.00K $0.00
YoY Change 10.01% 9.98% 11.7% 0.0% -95.74% -28.79% 371.43% 0.0% 180.0% -16.67% 0.0% 0.0% 20.0% -79.17% 700.0% 0.0%
Total Long-Term Liabilities $2.505M $1.445M $2.327M $1.920M $2.690M $510.0K $750.0K $260.0K $300.0K $50.00K $60.00K $60.00K $60.00K $60.00K $260.0K $50.00K $30.00K $0.00 $240.0K $280.0K $0.00 $0.00
YoY Change 73.38% -37.91% 21.21% -28.62% 427.45% -32.0% 188.46% -13.33% 500.0% -16.67% 0.0% 0.0% 0.0% -76.92% 420.0% 66.67% -100.0% -14.29%
Total Liabilities $6.639M $3.483M $3.426M $3.260M $4.010M $1.050M $2.340M $880.0K $3.460M $830.0K $5.020M $2.240M $3.190M $650.0K $970.0K $700.0K $3.320M $1.720M $4.450M $1.040M $890.0K $230.0K
YoY Change 90.64% 1.67% 5.08% -18.7% 281.9% -55.13% 165.91% -74.57% 316.87% -83.47% 124.11% -29.78% 390.77% -32.99% 38.57% -78.92% 93.02% -61.35% 327.88% 16.85% 286.96%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002
Basic Shares Outstanding 77.65M shares 65.60M shares 64.66M shares 64.41M shares
Diluted Shares Outstanding 77.65M shares 65.60M shares 64.66M shares 64.41M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $17.615 Million

About NXT Energy Solutions Inc.

NXT Energy Solutions, Inc. engages in the provision of airborne, gravity-based geophysical survey to companies involved in oil and gas exploration and production. The company is headquartered in Calgary, Alberta and currently employs 11 full-time employees. The company went IPO on 2007-12-03. The firm offers a geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. Its proprietary Stress Field Detection (SFD)survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method, which can be used both onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The SFD survey system enables its clients to focus their exploration decisions concerning land commitments, data acquisition expenditures, and prospect prioritization on areas with the potential. SFD is an airborne tool that provides information on areas conducive to fluid entrapment in the sedimentary column. The SFD survey is complementary to existing geophysical methods, particularly seismic programs.

Industry: Oil & Gas Field Exploration Services Peers: