Vivakor Reports 111% Revenue Growth to $59.3 Million Revenue for 2023 [Yahoo! Finance]
Vivakor, Inc. (VIVK)
NASDAQ:AMEX Investor Relations:
vivakor.com
Company Research
Source: Yahoo! Finance
the oil remediation and natural resources sectors, today announced financial and operational results for the twelve months ended December 31, 2023. Key Financial Highlights for the Year Ended December 31, 2023 (year-over-year): Revenue increased 111% to $59.3 million Gross profit increased 75% to $5.0 million Gross margin of 8.5% Operating loss decreased 72% to $6.3 million Adjusted EBITDA increased approximately 122% to $0.5 million Net loss decreased 45% to $10.7 million Subsequent to the End of 2023: Signed Definitive Merger Agreement with Empire Diversified Energy for a Combined Enterprise Value of Approximately $250 Million at Time of Signing Signed Definitive Agreement to Acquire Endeavor Entities for $120 Million Management Commentary Vivakor Chairman and Chief Executive Officer James Ballengee commented, "We are pleased with our 2023 financial results, as our operating assets in Colorado City, Texas and Delhi, Louisiana continue to meet our expectations
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News
- Vivakor Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- Vivakor Regains Compliance with Nasdaq Minimum Bid Price RequirementAccesswire
- Vivakor Reports 111% Revenue Growth to $59.3 Million Revenue for 2023Accesswire
- Which Republican has raised the most money to replace Sen. Mitt Romney? [Yahoo! Finance]Yahoo! Finance
- GOP Senate hopeful looks to distance himself from link to Texas green energy firm [FOX News]FOX News
VIVK
Sec Filings
- 5/16/24 - Form NT
- 5/9/24 - Form 8-K
- 4/25/24 - Form 4
- VIVK's page on the SEC website