Enservco has not filed an annual or quarterly report with the SEC since December 2024 following debt defaults and delisting from NYSE American. Its stock trades on the OTC Expert Market at $0.0013 per share, implying a market capitalization of $75,000. The company operates as a shell with limited operational capacity and significant solvency challenges.
Cyborg Score Rationale
The company reports negative TTM net income of -$8.5M, negative operating cash flow of -$2.1M, and a net profit margin of -38.6%. Combined with SEC non-compliance and debt defaults, the company faces existential viability issues.
Top Insights
(April 2025) Divested Buckshot Trucking LLC to original founders following failed integration strategy
(November 2024) Unable to file required SEC filings; stock delisted from NYSE American
(March 2024) Acquired Buckshot Trucking for $5.5M cash in ill-timed capital deployment
Revenue ~$22M trailing twelve months with negative margins; 60% cost of goods sold ratio indicates operational stress
Named Competitors
Weatherford International — Integrated oilfield services provider
Superior Energy Services — Regional oilfield services and hot oil provider
Independence Energy Services — Hot oiling and well services provider
Recent Developments
(April 2025) Completed sale of Buckshot Trucking LLC to Tony Sims and Jim Fate for $2.7 million
(November 2024) Announced inability to file required 10-Q report; delisting from NYSE American initiated
(March 2024) Signed $5.5 million acquisition agreement for Buckshot Trucking LLC
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