Financial Snapshot

Revenue
$213.2K
TTM
Gross Margin
-56.02%
TTM
Net Earnings
-$3.026M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
10.93%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$5.679M
Q2 2024
Cash
Q2 2024
P/E
-1.021
Nov 29, 2024 EST
Free Cash Flow
-$738.3K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $665.6K $815.4K $106.9K $917.7K $1.607M $941.1K $46.78K
YoY Change -18.37% 662.83% -88.35% -42.89% 70.74% 1911.74%

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
Revenue $665.6K $815.4K $106.9K $917.7K $1.607M $941.1K $46.78K
Cost Of Revenue $879.5K $829.2K $75.40K $749.5K $957.6K $631.8K $35.63K
Gross Profit -$190.6K $49.27K $31.49K $168.2K $649.2K $309.3K $11.15K
Gross Profit Margin -28.64% 6.04% 29.46% 18.33% 40.4% 32.87% 23.83%

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
Selling, General & Admin $3.536M $2.796M $593.7K $566.4K $1.245M $2.813M $164.5K
YoY Change 26.45% 371.0% 4.83% -54.51% -55.74% 1610.33%
% of Gross Profit 5675.66% 1885.39% 336.73% 191.8% 909.49% 1475.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.8K $105.5K $123.3K $72.92K $91.60K $56.72K $5.220K
YoY Change 46.76% -14.4% 69.02% -20.39% 61.5% 986.59%
% of Gross Profit 214.13% 391.39% 43.35% 14.11% 18.34% 46.82%
Operating Expenses $4.668M $3.779M $731.8K $700.3K $1.414M $2.898M $172.6K
YoY Change 23.55% 416.38% 4.5% -50.48% -51.21% 1579.55%
Operating Profit -$3.980M -$2.900M -$700.3K -$532.1K -$765.0K -$2.589M -$161.4K
YoY Change 37.22% 314.15% 31.61% -30.45% -70.45% 1503.93%

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
Interest Expense $1.182K $9.360K $11.12K -$33.43K -$68.52K $3.750K $400.00
YoY Change -87.37% -15.8% -133.25% -51.21% -1927.2% 837.5%
% of Operating Profit
Other Income/Expense, Net $39.68K $185.6K -$38.34K $58.37K
YoY Change -78.62% -584.14% -165.68%

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
Pretax Income -$3.940M -$2.715M -$1.588M -$1.689M -$1.157M -$2.626M -$161.0K
YoY Change 45.14% 70.95% -5.97% 45.93% -55.93% 1530.82%
Income Tax -$290.0K -$244.0K $0.00 $0.00 -$272.0K $272.0K
% Of Pretax Income
Net Earnings -$3.940M -$2.715M -$1.588M -$1.689M -$885.2K -$2.898M -$161.0K
YoY Change 45.14% 70.95% -5.97% 90.77% -69.45% 1699.75%
Net Earnings / Revenue -591.92% -332.92% -1485.59% -184.01% -55.09% -307.94% -344.21%
Basic Earnings Per Share -$8.81 -$1.76 -$1.84
Diluted Earnings Per Share -$8.81 -$1.76 -$38.98K -$42.19K -$22.12K -$80.56K -$5.893K

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
Cash & Short-Term Investments $3.301M $32.79K $7.360K $3.570K $17.13K $552.2K
YoY Change 9965.57% 345.52% 106.16% -79.16% -96.9%
Cash & Equivalents $3.301M $25.81K
Short-Term Investments
Other Short-Term Assets $317.3K $58.77K $3.920M $74.86K $72.41K $21.27K
YoY Change 439.87% -98.5% 5136.56% 3.38% 240.43%
Inventory
Prepaid Expenses
Receivables $137.2K $16.50K $59.60K $137.8K $357.0K $154.7K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $3.755M $108.1K $3.987M $216.2K $446.6K $728.1K
YoY Change 3374.91% -97.29% 1743.98% -51.58% -38.67%
Property, Plant & Equipment $8.668M $10.08M $5.086M $9.806M $9.188M $3.600M
YoY Change -14.02% 98.23% -48.13% 6.72% 155.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $145.0K $184.2K $259.4K $283.2K $277.5K $622.7K
YoY Change -21.26% -29.0% -8.42% 2.04% -55.43%
Total Long-Term Assets $8.813M $10.27M $5.345M $10.09M $9.466M $4.223M
YoY Change -14.15% 92.06% -47.02% 6.58% 124.17%
Total Assets $12.57M $10.37M $9.332M $10.30M $9.912M $4.951M
YoY Change
Accounts Payable $1.561M $403.0K $704.7K $693.1K $625.5K $172.2K
YoY Change 287.45% -42.81% 1.67% 10.82% 263.17%
Accrued Expenses $19.63K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $142.5K $163.4K $120.9K
YoY Change -12.77% 35.18%
Total Short-Term Liabilities $1.704M $697.9K $3.676M $1.066M $863.4K $172.2K
YoY Change 144.15% -81.01% 244.76% 23.49% 401.31%
Long-Term Debt $164.2K $74.34K $174.7K $0.00 $0.00 $0.00
YoY Change 120.85% -57.45%
Other Long-Term Liabilities $236.4K $2.069M $1.056M $3.156M $2.530M $697.7K
YoY Change -88.57% 95.89% -66.53% 24.74% 262.6%
Total Long-Term Liabilities $400.6K $2.144M $1.231M $3.156M $2.530M $697.7K
YoY Change -81.31% 74.12% -60.99% 24.74% 262.6%
Total Liabilities $2.104M $2.841M $4.907M $4.222M $3.665M $869.9K
YoY Change -25.94% -42.09% 16.23% 15.19% 321.33%

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
Basic Shares Outstanding 508.8K shares 1.543M shares 679.0K shares
Diluted Shares Outstanding 508.8K shares 385.8K 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: $3.09 Million

About Permex Petroleum Corp

Permex Petroleum Corp. is an independent energy company, which engages in the acquisition, exploration, development, and production of oil and natural gas properties on private, state and federal land in the United States, primarily in the Permian Basin region of West Texas and Southeast New Mexico which includes the Midland Central Basin and Delaware Basin. The company is headquartered in Dallas, Texas. The company went IPO on 2018-05-15. The firm is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The firm has assets and operations in the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Breedlove B Clearfork properties are situated in Martin County, Texas. The Pittcock Leases are situated in Stonewall County. Stonewall County is in Northwest Texas, in the central part of the North Central Plains and consists of the Pittcock North property, the Pittcock South property and the Windy Jones Property. The Mary Bullard Property is located in Stonewall County. The West Henshaw Property is located in Eddy County, New Mexico, 12 miles northeast of Loco Hills in the Delaware basin. The Oxy Yates Property is located in Eddy County. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, which owns and operates on private, state and federal land.

Industry: Drilling Oil & Gas Wells Peers: CONOCOPHILLIPS DAYBREAK OIL & GAS, INC. Hero Technologies Inc. Norris Industries, Inc.