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😂😊🤙..."I have a box in my trading room"
MPTI...A year later...$61, up 12% today. Reported strong earnings yesterday. I was late on seeing the report so missed out.🙄
https://finance.yahoo.com/news/m-tron-industries-inc-reports-211200737.html
CLMB...Barrington raises the firmβs price target on Climb Global (CLMB) to $136 from $90 and keeps an Outperform rating on the shares. ..
https://thefly.com/
Crexendo Selected By Akabis As Replacement For Microsoft Metaswitch Platform
PHOENIX, AZ / ACCESSWIRE / November 12, 2024 / Crexendo®, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced that Akabis has selected Crexendo's NetSapiens Platform as its next-generation solution to replace their Microsoft Metaswitch platform following Microsoft's recent end-of-life (EOL) announcement for its Max-UC solution.
In this time of disruption, many service providers are actively seeking trusted partners to support their migration from Metaswitch MaX UC. The industry has identified Crexendo as the premier next-generation partner, recognized for its proven track record in executing seamless migrations that rapidly empower businesses to thrive.
"With the consolidation of manufacturers and Microsoft's EOL announcement, many service providers, including Akabis, faced the critical challenge of finding a superior alternative," said Michael Costello, CEO, Akabis. "After a comprehensive review of available solutions, Akabis selected Crexendo's NetSapiens platform, a recognized leader in growth and innovation, as the ideal fit. Our primary objective was to find an open, application-rich platform, and Crexendo not only met this requirement but also aligned seamlessly with our mission to provide distinctive branding capabilities for Akabis. This partnership enables us to break free from the disruptive UCaaS landscape and deliver a stable, customized communication experience for our partners."
"We are excited to partner with Akabis during this critical transition," said Jeff Korn, CEO & Chairman of Crexendo. "Our NetSapiens Platform has quickly emerged as the top choice for service providers migrating from Metaswitch MaX UC, evidenced by Crexendo adding over 100,000 users each month. This remarkable growth is a testament to our focus on integrating AI at the core of our platform, enabling service providers to deliver exceptional cloud communications solutions to their clients. Together, we are set to redefine what is possible in telecommunications. As the third largest telecom software platform provider with the best technology and service in the industry we should be in a position to continue to add more and larger logos. The strength of our platform, people and our community are an unbeatable combination"
The cloud communications landscape is rapidly evolving, and Crexendo is at the center of this migration wave. As service providers seek reliable partners to navigate the challenges ahead, Crexendo is poised for success, offering innovative solutions that empower businesses to adapt and thrive. With our NetSapiens Platform leading the way, we are committed to enhancing communication capabilities and driving growth in an industry that demands agility and resilience.
About Akabis
Akabis, a white label wholesale SIP provider, dedicated to driving superior experiences for managed service organizations across North America. We believe in delivering a mobile first, end user focused solution for UCaaS with a commitment to protecting the brand and contracts of our partner community.
About Crexendo®
Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over five million end users globally, through an extensive network of over 230 cloud communication platform software subscribers and our direct retail offering.
AESI...Barclays downgraded Atlas to $19 this morning. Seems a bit crazy. If it hits $19 though, dividend yield will be over 5% and since my current avg is $20.59, I'll need to make a decision on whether to sell my losses this year (and buy back after 30 days), or double my position and hold.
2025 should be a good year for AESI, but you never know. We'll see what happens.
I agree hweb. The market has been nothing short of amazing this year. This year will be my best year ever, and I started trading stocks in I believe 1997. I'm speaking for myself, but opportunities seemed abundant this year
I see Wade made a post pointing out the difference between skill & luck, when in reality, it's a combination of both (IMO) that makes an investor successful.
I join you hweb (along w/ others on the board) in saying congrats to valuemind.
SRTS...Interesting. Nice DD. Haven't held SRTS in quite a long while but still follow it.
PDEX...Nice pop.👍
BRY...Damn...BRY took a sh!t today and got shredded!!...The dividend cut tore it up. (thought it was bad yesterday). Anyway, hope you got out with some profit worthylion. I liquidated yesterday to take my losses. Going to re-look at it after my 30 day wait is behind me. Not sure if I'll reinvest in it or not though.
SD...Why I added more SD today...From the cc..."In summary, the company had a 76% EBITDA to free cash flow conversion rate over the first 9 months of 2024, more than $94 million in cash and cash equivalents at quarter end, which represents more than $2.50 per share of common stock issued and outstanding and expanded inventory of high rate of return, low breakeven projects. A Mid-Con position that is approximately 99% held by production, which preserves the option value of future development potential in a cost-effective manner. Low overhead, top-tier adjusted G&A of approximately $1.02 per BOE for the quarter. NO DEBT, in fact, negative leverage. Positive free cash flow and a growing net cash position supported by a flattening production profile and double-digit reserve life asset base and $1.6 BILLION OF FEDERAL NOLs, that will shield future free cash flow from federal income tax."
https://capedge.com/transcript/1349436/2024Q3/SD
Hoping this will be a good move into 2025.
Current share price = $11.84.
FTK...Hit $7 today...💪🤪👍...NICE!!! Another 52wk high.
AESI...researcher, I bought back AESI today for a long term hold into 2025. Current price is $20.57. Current dividend yield = 4.67%.
Will avg down from here if it drops (unless o&g prices get hit hard from here).
Atlas announced a $200M share buyback and a hike in the dividend last week...
Atlas Energy Solutions Announces Third Quarter 2024 Results; Increases Quarterly Dividend and Announces Authorization for $200mm Share Buyback Program
https://finance.yahoo.com/news/atlas-energy-solutions-announces-third-201500914.html
PPHI...NICE!!! I missed it. Got out a while ago. 🙄
BRY...Gains are good👍...The dividend cut is understandable I guess but their cash flow, hedging, and growth aren't too shabby.
I will be selling all losses in BRY and other stocks by year end. Any shares I have in BRY that are above water, I'll more than likely hold into 2025. We'll see...
BRY...Decent report w/ restructuring of dividend..."We remain committed to a disciplined approach to maintaining a healthy balance sheet, and our dividend policy now targets a fixed dividend rate of $0.12 per share annually, subject to board approval. This new approach is designed to return capital to our shareholders at a sustainable level, while enabling us to pursue the highest capital return opportunities in front of us, including developing our assets in the Uinta Basin.β
Berry Corporation Reports Third Quarter 2024 Results
Refinances Debt, Announces Uinta Basin Opportunities, and Declares Quarterly Dividend
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (βBerryβ or the βCompanyβ) today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for todayβs earnings call, also accessible by webcast, are listed below.
Quarterly Highlights
Third quarter production averaged 24,800 BOE per day, with production increasing at the end of the quarter as additional wells were brought online
Annual 2024 production expected to reach the mid-point of guidance of 24,600 to 25,800 BOE per day
Increased Free Cash Flow (1) 55% quarter over quarter
Declared third quarter fixed dividends of $0.03 per share
Other Updates
Entered $545 million term loan credit facility to redeem all the Companyβs $400 million notes due 2026 and refinance the current RBL credit facility due August 2025. Valor Upstream Credit Partners, L.P., which is managed by Breakwall Capital LP in partnership with Vitol, is the sole lender on the new term loan credit facility
Based on the outperformance of the initial four well Uinta farm-in confirming significant value potential, executed another larger farm-in deal and actively marketing an opportunity to accelerate horizontal well development of the Companyβs Utah assets
βBerry delivered another good operational quarter with production ramping up as we exited September, and we are on track to reach the mid-point of our full year production guidance. We generated $71 million of cash flow from operations for the quarter and a 55% sequential increase in Free Cash Flow (1) , while decreasing capital expenditures as planned. We have now completed our 2024 drilling plan and have permits in-hand to support activities well into the new year, including drilling new wells and sidetracks and working over existing wells. Based on current permitting processes and our healthy California inventory, we are confident we can maintain consistent production levels for 2025, as we have for the last six years. We are also excited about promising upside opportunities in Utah and California that should yield increasing benefits in 2025 and beyond,β said Fernando Araujo, Berryβs Chief Executive Officer.
βBased on activity across the Uinta basin, much of which is adjacent to our existing acreage, we believe our Utah assets have the potential to be a substantial long-term value driver for our shareholders. We entered a second farm-in agreement covering approximately 5,800 gross acres, which will help accelerate the appraisal of our acreage. Additionally, we are evaluating potential JV partners to accelerate our phase 1 plans to drill up to two multi-well horizontal drilling pads starting in 2025.
βWe also have promising upside opportunities in California. Success from new sidetracks drilled in the Thermal Diatomite reservoir are yielding over 100% rates of return, further driving our capital efficiency efforts. By executing on these opportunities to leverage our world class California assets, we are stronger, more resilient, and better positioned to accelerate development in Utah while still honoring our commitment to generate sustainable Free Cash Flow,β Araujo continued.
βFinally, we are excited to partner with Valor, Breakwall and Vitol on a new term loan facility This financing will enable us to redeem all of our notes due in 2026 and refinance our existing credit facility, while also providing us with the ability to deploy capital into high rate of return projects, including the significant opportunity we see in our Uinta position. Importantly, the unique structure provides Berry with great flexibility to repay the loan in advance, pursue strategic opportunities, and return capital to shareholders,β Araujo concluded.
βWe generated Adjusted EBITDA ( 1 ) of $67 million in the third quarter, a 10% decrease from the second quarter of 2024, driven by lower oil prices and partially offset by lower lease operating expenses on a hedged basis and Adjusted G&A (1 ) expenses. Cash Flow from Operations totaled $71 million which was flat with the second quarter and Free Cash Flow ( 1 ) was $45 million, a 55% increase over the second quarter, driven by lower capital expenditures consistent with our expectations. We have continued to optimize cash operating costs throughout the organization and prioritize debt reduction, notably by reducing our revolver balance by 24% from the end of the second quarter to the end of the third quarter,β stated Mike Helm, Berryβs Chief Financial Officer.
βOur new term loan credit facility will allow us to redeem our 2026 Notes and refinance our current RBL before year end. To comply with the new debt covenants and support our exciting plans for further development in our Utah assets, we are transitioning our shareholder return model to prioritize the repayment of debt and investment in opportunities that will generate sustainable Free Cash Flow ( 1 ) and drive long-term shareholder value. We remain committed to a disciplined approach to maintaining a healthy balance sheet, and our dividend policy now targets a fixed dividend rate of $0.12 per share annually, subject to board approval. This new approach is designed to return capital to our shareholders at a sustainable level, while enabling us to pursue the highest capital return opportunities in front of us, including developing our assets in the Uinta Basin.β
Third Quarter 2024 Financial and Operating Results
Q3 2024 Compared to Q2 2024
Oil, natural gas and NGL revenues (excluding hedging settlements) for the third quarter of 2024 decreased from the second quarter of 2024, driven by a decrease in oil prices and, to a lesser extent, lower volumes. Net income for the third quarter of 2024 increased compared to the second quarter due to unrealized hedge gains in the third quarter, the impairment charge in the second quarter and the income tax impact. Adjusted EBITDA (1) and Adjusted Net Income (1) decreased in the third quarter of 2024, compared to the prior quarter generally due to decreased commodity revenues (as a result of lower prices and volumes), as well as lower margins from the well servicing and abandonment segment. Decreased capital expenditures for the third quarter drove increased Free Cash Flow (1) compared to the second quarter of 2024, while Cash Flow from Operations remained steady. Capital expenditures were $26 million in the third quarter of 2024 compared to $42 million in the second quarter of 2024, with the decrease driven by lower drilling activity, as expected, and the second quarter also included capital related to the Utah farm-in development program. At September 30, 2024, the Company had liquidity of $104 million, consisting of $9 million cash and $95 million available for borrowings under its revolving credit facilities.
Q3 2024 Compared to Q3 2023
Compared to the third quarter of 2023, oil, natural gas and NGL revenues (excluding hedging settlements) decreased, which was mainly driven by lower oil prices and lower volumes in the third quarter of 2024. Adjusted EBITDA (1) and Adjusted Net Income (1) for the third quarter of 2024 also decreased compared to the third quarter of 2023, driven by the decreased commodity revenues (as a result of lower prices and volumes) and lower margins from the well servicing and abandonment segment, offset by a decrease in lease operating costs. Free Cash Flow (1) in the third quarter of 2024 was slightly higher than the third quarter of 2023, while both Cash Flow from Operations and capital expenditures increased.
Guidance Update
For the full year 2024, the new Company guidance for Adjusted General & Administrative (G&A) ( 2 ) expenses for the E&P Segment & Corp is an increased range of $6.30/boe to $6.50/boe due to inflationary pressure, and for the Well Servicing & Abandonment Segment Adjusted EBITDA ( 2 ) is a decreased range of $6 million to $8 million due to local market disruption resulting in lower rates and activity.
(1) Please see βNon-GAAP Financial Measures and Reconciliationsβ later in this press release for reconciliation and more information on these Non-GAAP measures.
(2) Adjusted General & Administrative expenses and Well Servicing & Abandonment Segment Adjusted EBITDA are non-GAAP financial measures. The Company does not provide a reconciliation of these measures because the Company believes such reconciliation would imply a degree of precision and certainty that could be confusing to investors and is unable to reasonably predict certain items included in or excluded from the GAAP financial measures without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various items that have not yet occurred and are out of the Companyβs control or cannot be reasonably predicted. Non-GAAP forward-looking measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. See further discussion and reconciliation in βNon-GAAP Financial Measures and Reconciliationsβ.
Quarterly Dividends
The Companyβs Board of Directors declared fixed dividends totaling $0.03 per share on the Companyβs outstanding common stock. The dividends are payable on November 25, 2024 to shareholders of record at the close of business on November 15, 2024.
Earnings Conference Call
The Company will host a conference call to discuss these results:
Call Date: Thursday, November 7, 2024
Call Time: 11:00 a.m. Eastern Time / 10:00 am a.m. Central Time / 8:00 a.m. Pacific Time
Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/tysxczje
or at https://bry.com/category/events
If you would like to ask a question on the live call, please preregister at any time using the following link:
https://register.vevent.com/register/BIe48b23e273834c71bc53e0d17114932f .
Once registered, you will receive the dial-in numbers and a unique PIN number. You may then dial-in or have a call back. When you dial in, you will input your PIN and be placed into the call. If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.
A web based audio replay will be available shortly after the broadcast and will be archived at https://ir.bry.com/reports-resources or visit https://edge.media-server.com/mmc/p/tysxczje or https://bry.com/category/events.
About Berry Corporation (bry)
Berry is a publicly traded (NASDAQ: BRY) western United States independent upstream energy company with a focus on onshore, low geologic risk, low decline, long-lived oil and gas reserves. We operate in two business segments: (i) exploration and production (βE&Pβ) and (ii) well servicing and abandonment. Our E&P assets are located in California and Utah, are characterized by high oil content and are predominantly located in rural areas with low population. Our California assets are in the San Joaquin basin (100% oil), while our Utah assets are in the Uinta basin (60% oil and 40% gas). We operate our well servicing and abandonment segment in California. More information can be found at the Companyβs website at bry.com.
https://www.ldmicro.com/profile/bry/news/7782985155284440
SD...Nice report..."As of September 30, 2024, the Company had $94.1 million ($2.53 per diluted share) of cash and cash equivalents, including restricted cash, diversified across multiple significant, well-capitalized financial institutions. The Company has no outstanding term or revolving debt obligations"
SANDRIDGE ENERGY, INC. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND DECLARES $0.11 PER SHARE CASH DIVIDEND
OKLAHOMA CITY, Nov. 6, 2024 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced financial and operational results for the three and nine-month periods ended September 30, 2024.
Recent Highlights
On November 5, 2024, the Board of Directors declared a $0.11 per share cash dividend payable on November 29, 2024 to shareholders of record on November 15, 2024
On August 30, 2024, the Company closed on its previously announced acquisition of certain producing oil and natural gas properties and interest in 11 drilling spacing units ("DSUs") in the Cherokee play of the Western Anadarko Basin
Completions of the four drilled uncompleted ("DUC") wells associated with the Western Anadarko Basin transaction are underway with the first well generating an initial 30-day production rate of ~1,000 Boe per day (~70 % oil)
Production in September, the first month reflecting contributions from recently-acquired assets(1), averaged ~19 MBoe/d (18% oil, 52% liquids), which is a 27% increase versus 2Q24
Third quarter net income was $25.5 million, or $0.69 per basic share. Adjusted net income(2) was $7.1 million, or $0.19 per basic share
Adjusted EBITDA(2) of $17.7 million for the three-month period ended September 30, 2024
Adjusted G&A(2) of $1.6 million, or $1.02 per Boe for the three-month period ended September 30, 2024
As of September 30, 2024, the Company had $94.1 million of cash and cash equivalents, including restricted cash
Generated $34.4 million of free cash flow(2) for the nine-month period ended September 30, 2024. Free cash flow represents a conversion rate of approximately 76% relative to adjusted EBITDA for the nine months ended September 30, 2024.
Operating Costs
During the third quarter of 2024, lease operating expense ("LOE") was $9.1 million or $5.82 per Boe which is a 9% reduction versus the prior quarter on a per Boe basis, despite incremental LOE associated with the Western Anadarko Basin acquisition. The Company continues to focus on its operating costs and on safely maximizing the value of its asset base through prudent expenditure programs, cost management efforts, and continuous pursuit of efficiency in the field.
Production Optimization Program
The Company remains focused on optimizing its stable, low-decline legacy production. SandRidge continuously evaluates the potential for high-return projects that further enhance its asset base. Such projects include, but are not limited to, workovers, artificial lift improvements and conversions from less efficient systems, recompletions of "behind pipe" pay in vertical section of existing wells, and the restimulation of existing intervals and previously bypassed unstimulated intervals in existing wells. When evaluating these and other options, the Company ensures that all projects meet high rate of return thresholds and remains capital disciplined as the commodity price landscape changes.
Liquidity & Capital Structure
As of September 30, 2024, the Company had $94.1 million of cash and cash equivalents, including restricted cash, diversified across multiple significant, well-capitalized financial institutions. The Company has no outstanding term or revolving debt obligations.
On November 5, 2024, the Board of Directors declared a $0.11 per share cash dividend payable on November 29, 2024 to shareholders of record on November 15, 2024.
Acquisitions
On August 30, 2024, the Company closed on its previously announced acquisition of certain producing oil and natural gas properties in the Cherokee play of the Western Anadarko Basin for $123.8 million, before customary post-closing adjustments.
The acquisition included 44 producing wells, 4 drilled uncompleted ("DUC") wells which are being completed in the fourth quarter, and leasehold interest in 11 drilling and spacing units ("DSUs") focused in Ellis and Roger Mills counties in Oklahoma. The Company is preparing to initiate a drilling program on the DSUs and expects to realize high rates of returns associated with the projects.
The oily PDP production and new development associated with the acquisition is projected to meaningfully increase SandRidge's EBITDA and cash flow on a pro forma basis, while maintaining its planned quarterly dividend.(2)
Outlook
We remain committed to growing the cash value and generation capability of our asset base in a safe, responsible and efficient manner, while prudently allocating capital to high-return, organic growth projects. These standalone projects include (1) Development in the Cherokee Shale Play, which includes completions of four drilled uncompleted ("DUC") wells, and initiating a drilling program, (2) production optimization program through artificial lift conversions to more efficient and cost-effective systems and high-graded heel completion projects in the NW Stack and (3) opportunistic leasing that could bolster future development and complement the recently acquired Cherokee assets. Our legacy non-Cherokee leasehold remains approximately 99% held by production, which cost-effectively maintains our development option over a reasonable tenor. These legacy non-Cherokee assets have higher relative gas content for which prices are not yet at optimal levels to resume development or material reactivations. We will continue to monitor forward-looking commodity prices, project results, costs and other factors that could influence returns and adjust capital allocations accordingly. These and other factors will continue to shape our development decisions for the remainder of the year and beyond.
We also remain vigilant in evaluating further merger and acquisition opportunities, with consideration of our strong balance sheet and commitment to our capital return program.
Environmental, Social, & Governance ("ESG")
SandRidge maintains its Environmental, Social, and Governance ("ESG") commitment, to include no routine flaring of produced natural gas and transporting over 95% of its produced water via pipeline instead of truck. Additionally, SandRidge maintains an emphasis on the safety and training of our workforce. The Company has personnel dedicated to the close monitoring of our safety standards and daily operations.
Conference Call Information
The Company will host a conference call to discuss these results on Thursday, November 7, 2024 at 1:00 pm CT. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I2315049 at which time registrants will receive dial-in information as well as a conference ID. At the time of the call, participants will dial in using the participant number and conference ID provided upon registration. The Company's latest presentation is available on the Company's website at investors.sandridgeenergy.com.
https://finance.yahoo.com/news/sandridge-energy-inc-announces-financial-230000920.html
FTK...Couldn't help myself and ended up selling approx 16.5% of my position in Flotek today. Would kick myself in the ass if I didn't at least lock in some profit on the nice run it had.
Holding the rest for now.
VTLE...Nice report. Looks good researcher...Vital Energy Reports Third-Quarter 2024 Financial and Operating Results
Raises fourth-quarter and full-year 2024 total and oil production forecasts
TULSA, OK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported third-quarter 2024 financial and operating results. Strong performance year-to-date also allowed the Company to increase its fourth-quarter and full-year 2024 production outlook. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, November 7, 2024. Participation details can be found within this release.
Highlights
Closed the Point Energy acquisition for total cash consideration of $815 million, exclusive of transaction- related expenses and post-closing adjustments
Reported net income of $215.3 million, Adjusted Net Income1 of $60.4 million and cash flows from operating activities of $246.2 million
Generated Consolidated EBITDAX1 of $309.5 million and Adjusted Free Cash Flow1 of $34.0 million
Reduced lease operating expense ("LOE") to $8.78 per BOE, below guidance of $8.95 per BOE
Produced Company-record 133.3 thousand barrels of oil equivalent per day ("MBOE/d") and oil production of 59.2 thousand barrels of oil per day ("MBO/d")
Reported capital investments of $241.9 million, excluding non-budgeted acquisitions and leasehold expenditures
Increased 2025 oil hedges to approximately 16.1 million barrels at $74.79 per barrel NYMEX WTI
Reduced methane intensity by 90% from 2019 baseline, as of YE-23
"We delivered strong results as we closed the largest single acquisition in our history and continued to optimize operations on acquisitions closed late last year," stated Jason Pigott, President and Chief Executive Officer. "Higher production from both standalone Vital Energy assets and the assets acquired from Point Energy, operating cost reductions and disciplined capital investments drove strong Adjusted Free Cash Flow in the quarter. Today, we raised our fourth quarter expectations for both total and oil production. Importantly, we plan to deliver this higher production without increasing capital investments."
"Our operational momentum will carry us into 2025," continued Mr. Pigott. "We have increased flexibility to allocate capital to our highest return projects, which will enhance our capital efficiencies. We expect to invest about $900 million in 2025 and maintain oil production of approximately 66,500 barrels per day. We believe that sustainable development efficiencies will benefit Adjusted Free Cash Flow and allow us to maintain a leverage ratio of about 1.5x through year-end 2025."
1Non-GAAP financial measure; please see supplemental reconciliations of GAAP to non-GAAP financial measures at the end of this release.
Third-Quarter 2024 Financial and Operations Summary
Financial Results. The Company reported net income of $215.3 million, or $5.73 per diluted share, and Adjusted Net Income of $60.4 million, or $1.61 per adjusted diluted share. Cash flows from operating activities were $246.2 million and Consolidated EBITDAX was $309.5 million.
Production. Vital Energy's third quarter total and oil production averaged 133,339 BOE/d and 59,198 BO/d, respectively. Both total and oil production volumes benefited from 11 days of production associated with the early closing of the Point Energy acquisition, accelerated completion of a 10-well package on Point Energy acreage and outperformance of Point Energy wells compared to initial assumptions. Weather-related downtime on a Howard County facility impacted quarterly total and oil production by 850 BOE/d and 650 BO/d, respectively. The issue has been remediated and we do not expect it to impact fourth-quarter production.
Capital Investments. Total capital investments, excluding non-budgeted acquisitions and leasehold expenditures, were $242 million, including $6 million associated with activity on assets acquired from Point Energy. Investments included $197 million for drilling and completions, $35 million in infrastructure investments, $8 million in other capitalized costs and $2 million in land, exploration and data-related costs.
Operating Expenses. Vital Energy significantly reduced its lease operating expenses ("LOE") recently through optimized workover activity and lower chemical processing costs. The Company believes these reductions are largely sustainable and will benefit future periods. LOE during the period was $8.78 per BOE ($8.72 per BOE excluding Point Energy assets), below guidance of $8.95 per BOE.
General and Administrative Expenses. General and administrative expenses totaled $1.78 per BOE for third-quarter 2024, excluding transaction-related expenses. General and administrative expenses, excluding long-term incentive plan ("LTIP") and transaction expenses were $1.53 per BOE. Cash LTIP expenses were $(0.03) per BOE and reflected the decrease in Vital Energy's common stock price during the third quarter. Non-cash LTIP expenses were $0.28 per BOE.
Liquidity. At September 30, 2024, the Company had $860 million drawn on its $1.5 billion senior secured credit facility and cash and cash equivalents of $22 million.
Point Energy
On September 20, 2024, the Company closed the Point Energy acquisition, its largest single acquisition. Production from the acquired assets is exceeding expectations, including base production and a recently completed 10-well package that commenced production earlier than anticipated. Integration efforts are progressing well and the Company completed a five-well package on the assets early in the fourth quarter.
2024 Outlook
Production. The Company increased its full-year 2024 total and oil production guidance to 131.0 - 132.5 MBOE/d (from 127.0 - 131.0 MBOE/d) and to 60.9 - 61.7 MBO/d (from 59.0 - 61.0 MBO/d), respectively. The increase reflects third quarter outperformance and higher expected fourth quarter volumes related to the outperformance of the Point asset.
Capital Investments. Full-year 2024 capital investments guidance was adjusted to $845 - $870 million (from $820 - $870 million), reflecting capital investments in the third quarter which included investments related to the early closing of the Point Energy acquisition.
Fourth-Quarter 2024 Guidance
During the fourth quarter of 2024, Vital Energy plans to operate five drilling rigs and one to two completions crews, and TIL 26 wells, including five on Point acreage.
The Company today increased its fourth quarter total and production guidance to 137.0 - 143.0 MBOE/d (from 134.0 - 140.0 MBOE/d) and 66.5 - 69.5 MBO/d (from 65.0 - 68.0 MBO/d), respectively. The Company reiterated its capital guidance at $175 - $200 million. The table below reflects the Company's guidance for production and capital investments for the fourth quarter of 2024.
https://finance.yahoo.com/news/vital-energy-reports-third-quarter-213500658.html
CXDO...Q3 Earnings...Not too shabby. Would have been nice to see a little more showing on the non-GAAP EPS line though. We'll see what they say on the cc...
Crexendo Delivers Strong Third Quarter Results
PHOENIX, AZ / ACCESSWIRE / November 6, 2024 / Crexendo, Inc. (NASDAQ: CXDO), an award-winning software technology company that is a premier provider of cloud communication platform and services, video collaboration and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2024.
Financial highlights:
Revenue of $15.6 million, up 13% year-over-year
Net income of $0.1 million, or $0.01 per basic common share and $0.00 per diluted common share.
Non-GAAP net income of $1.6 million, or $0.06 per basic and diluted common share
Financial Results for the Third quarter of 2024
Total Revenue: Consolidated total revenue for the third quarter of 2024 increased 13%, or $1.7 million, to $15.6 million compared to $13.9 million for the third quarter of 2023.
Service Revenue: Consolidated service revenue for the third quarter of 2024 increased 6%, or $0.5 million, to $8.0 million compared to $7.5 million for the third quarter of 2023.
Software Solutions Revenue: Consolidated software solutions revenue for the third quarter of 2024 increased 25%, or $1.2 million, to $5.9 million compared to $4.7 million for the third quarter of 2023.
Product Revenue: Consolidated product revenue for the third quarter of 2024 increased 9%, or $0.1 million, to $1.8 million compared to $1.7 million for the third quarter of 2023.
Operating Expenses: Consolidated operating expenses for the third quarter of 2024 increased 15%, or $2.0 million, to $15.5 million compared to $13.5 million for the third quarter of 2023.
Net Income: The Company reported net income of $0.1 million for the third quarter of 2024, or $0.01 per basic common share and $0.00 per diluted common share, compared to net income of $1.7 million, or $0.07 per basic common share and $0.06 per diluted common share for the third quarter of 2023.
Non-GAAP: Non-GAAP net income of $1.7 million for the third quarter of 2024, or $0.06 per basic and diluted common share, compared to non-GAAP net income of $3.3 million or $0.13 per basic common share and $0.12 per diluted common share for the third quarter of 2023.
EBITDA and Adjusted EBITDA: EBITDA for the third quarter of 2024 of $1.0 million compared to $1.2 million for the third quarter of 2023. Adjusted EBITDA for the third quarter of 2024 of $1.7 million compared to $2.1 million for the third quarter of 2023.
Financial Results for the nine months ended September 30, 2024
Total Revenue: Consolidated total revenue for the nine months ended September 30, 2024 increased 14%, or $5.6 million, to $44.6 million compared to $39.0 million for the nine months ended September 30, 2023.
Service Revenue: Consolidated service revenue for the nine months ended September 30, 2024 increased 9%, or $1.9 million, to $23.9 million compared to $22.0 million for the nine months ended September 30, 2023.
Software Solutions Revenue: Consolidated software solutions revenue for the nine months ended September 30, 2024 increased 28%, or $3.6 million, to $16.3 million compared to $12.7 million for the nine months ended September 30, 2023.
Product Revenue: Consolidated product revenue for the nine months ended September 30, 2024 increased 2%, or $0.1 million, to $4.4 million compared to $4.3 million for the nine months ended September 30, 2023.
Operating Expenses: Consolidated operating expenses for the nine months ended September 30, 2024 increased 6%, or $2.6 million, to $43.4 million compared to $40.8 million for the nine months ended September 30, 2023.
Net Income/(Loss): The Company reported net income of $1.2 million for the nine months ended September 30, 2024, or $0.04 per basic and diluted common share, compared to net loss of $(0.4) million, or $(0.02) loss per basic and diluted common share for the nine months ended September 30, 2023.
Non-GAAP: Non-GAAP net income of $5.7 million for the nine months ended September 30, 2024, or $0.22 per basic common share and $0.19 per diluted common share, compared to non-GAAP net income of $5.1 million or $0.20 per basic and $0.18 per diluted common share for the nine months ended September 30, 2023.
EBITDA and Adjusted EBITDA: EBITDA for the nine months ended September 30, 2024 of $3.7 million compared to $0.9 million for the nine months ended September 30, 2023. Adjusted EBITDA for the nine months ended September 30, 2024 of $6.0 million compared to $4.1 million for the nine months ended September 30, 2023.
Cash and Cash Equivalents: Total cash and cash equivalents at September 30, 2024 was $15.5 million compared to $10.3 million at December 31, 2023.
Cash Flow: Cash provided by operating activities for the nine months ended September 30, 2024 was $4.1 million compared to cash provided by operating activities of $0.9 million for the nine months ended September 30, 2023. Cash used for investing activities for the nine months ended September 30, 2024 was nill compared to $3.7 million provided by investing activities for the nine months ended September 30, 2023. Cash provided by financing activities for the nine months ended September 30, 2024 was $1.0 million compared to cash used for financing activities of $(2.3) million for the nine months ended September 30, 2023.
Management Commentary
"Crexendo delivered exceptionally strong financial results for the third quarter of 2024, reflecting our commitment to providing premier cloud communication software and services and continuing our organic growth trajectory. Consolidated revenue grew 13% year-over-year, driven by a remarkable 25% growth in our software division. Our year-to-date numbers are equally as strong and are well ahead of internal and external expectations as we continue to execute our game plan, and I am excited with the momentum we are seeing. These results underscore the strength of our scalable software platforms and the dedication of our team to meet the rising demand for our cloud communication solutions." Said Jeff Korn, CEO and Chairman.
Korn continued, "As we move forward, we continue reinvesting in Crexendo to drive future growth and efficiency. We've increased our headcount in engineering, service, and support and have made substantial investments into Oracle Cloud Infrastructure (OCI), which will provide a significant competitive advantage, especially in Europe, where our growth remains very robust. We are beginning the process of migrating our legacy cloud customers to OCI. Once complete, this transition will yield substantial cost savings and allow us to redeploy resources effectively rather than increasing headcount. Additionally, we are in the process of implementing an advanced accounting system to streamline our financial closings and provide real-time insights, empowering us to make agile, data-driven business decisions."
Korn added, "We recently concluded our most successful User Group Meeting (UGM), where the excitement was palpable. Our second codefest showcased impressive applications, particularly those leveraging AI, which our licensees can develop using our scalable, open APIs. Many of these applications will soon be available to all our licensees through our platform, enhancing our offerings and opening additional revenue-sharing opportunities. This is a very exciting time, with unprecedented interest in our software platform and strong demand for our phone services. I remain highly optimistic about our future growth and anticipate double-digit growth continuing through the fourth quarter and into 2025."
Conference Call
Crexendo management will hold a conference call today, November 6, 2024, at 4:30 PM Eastern time to discuss these results. Company CEO Jeff Korn, CFO Ron Vincent, and President and COO Doug Gaylor will host the call, followed by a question-and-answer period.
https://finance.yahoo.com/news/crexendo-delivers-strong-third-quarter-210000787.html
Oil stocks...Good morning bbotcs. I am going to wait until afetr earnings are reported and go from there. I plan on selling most or all losses in my portfolio between now and year end. 👍
CLMB...wade quote..."I can't buy a stock, simply because it keeps going up, while totally ignoring valuation?"
Wade, What's GERN's valuation?
What is their CURRENT revenue?
What are their profits?
What is their share count?
How much dilution have they had?
WHAT IS THEIR CURRENT PE? FOWARD PE?
How much more cash will they need?
I'll leave it at that. Good luck.
VTLE...Good luck on VTLE & SD today. VTLE for you and SD for me.😎 They are both having a decent day. Earnings after the bell. 🤞
CLMB...Another 52wk/ALL-TIME high on only 10k shares traded today...
Wade, You may want to pass on this one if you think $80-$90 is full value.
Current price $120
BRY...14.3% yield. Reports tomorrow. We'll see how things are going in Cali & Utah. I have a good position in this one but also still have some losses that I will more than likely sell by YE (if they are still losses).
IART...Nice call by everyone holding IART...I see it's up again this morning (along w/ the rest of the market). Been on my watchlist but never found reason enough to buy in.
So good luck all, and don't spend all your money in one place. 😎
FTK...mankind...Flotek was a huge stock for me back in 2005 - 2007 and I have followed them ever since...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=23576810
It was hweb who originally brought it to the board...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=7295242
I did not sell 1 share on today's spike for two reasons...Flotek will be trading higher next year (IMO), and I don't want to be taxed on anymore income this year.
FTK...Thanks. Re: Forward PE...No comment on PE at this time. I'll just say I'm holding. 👍
FTK...52wk high today. Wow!!!...FTK was approx 24.5% of my portfolio going into earnings yesterday and I have sold NONE. Great feeling. (Well, more than a great feeling!!!)
CXDO is on deck for tomorrow and is my largest position (currently @ approx 33% of my portfolio). We'll see what happens.
Anyway, as for now...WHAT A PHENOMINAL YEAR this has been!!!
😎👍
Thanks to everyone for their contributions to the board.
CLMB...🤙Climb Channel Solutions and AlgoSec Forge Strategic Alliance to Enhance Secure Application Delivery for the IT Market
Ashburton, Devon, 5th November 2024 β Climb Channel Solutions, an international specialty technology distributor and wholly-owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) and AlgoSec (AlgoSec), a leading provider of network security policy management, are excited to announce their strategic partnership. This collaboration marks a significant milestone in Climbβs mission to deliver unparalleled IT management solutions to our extensive network of IT professionals across the UK and Ireland. By joining forces with AlgoSec we are poised to offer our clients enhanced capabilities and innovative tools that drive efficiency and security.
AlgoSecβs platform empowers enterprise organisations and service providers to manage security. It automates application connectivity and security policy across the hybrid network estate, including public cloud, private cloud, containers and on-premises networks. AlgoSec provides visibility and analysis of complex network security policies across virtual, cloud and physical environments to simplify security operations. It brings together infrastructure, security policies and applications to drive change and speed up application delivery.
βAlgoSec is very excited to be launching our partnership with Climb Channel Solutions. This partnership will enhance our rapidly expanding channel business in the UK and Ireland. Weβre ready for this mutual journey of growth and looking forward to it going from strength to strength.β Mark Maidman, Channel Director UK&I.
Climb Channel Solutions has a long history of distributing high-quality IT solutions that empower businesses to achieve their technological goals. With AlgoSecβs policy management and CNAPP platforms providing a single source for visibility into security and compliance issues within cloud-native applications as well as across the hybrid network environment, we can enable our Climb IT professionals with the tools and expertise they need to ensure ongoing adherence to internet security standards, industry and internal regulations for their customers.
ββWe share AlgoSecβs enthusiasm for this partnership and are confident that together, we will achieve remarkable growth and successββ comments James McNaughton, Director of Alliances, Climb Channel Solutions. ββThis alliance not only strengthens our channel business but also underscores our commitment to providing world-class solutions to our extensive network of IT professionals. We look forward to a prosperous journey ahead, filled with mutual growth, strengthened by our shared vision for excellence.ββ
For more information and to learn about available solutions, have a look at the AlgoSec vendor landing page on the Climb website and get in touch with the team today: https://www.climbcs.com/uk/vendors/algosec/
https://www.climbcs.com/uk/news/climb-channel-solutions-and-algosec-forge-strategic-alliance-to-enhance-secure-application-delivery-for-the-it-market/
FTK...NICE Report!!...Increases guidance AGAIN along w/ stronger profit expectations...
Flotek Announces Increased 2024 Guidance, Improved Revenue, and Continued Profit Growth in Connection with Third Quarter 2024 Results
HOUSTON, Nov. 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the quarter ended September 30, 2024, highlighted by significant improvement in profitability metrics as compared to the third quarter of 2023. Due to the strong results achieved through the first nine months of the year, the Company increased its 2024 profit guidance.
Third Quarter 2024 Highlights
Generated total revenue of $49.7 million, a 5% increase from the third quarter of 2023, highlighted by a 58% year-over-year increase in Data Analytics revenues.
Reduced SG&A by 12% from the third quarter of 2023 and by 9% sequentially from the second quarter of 2024.
Reported net income of $2.5 million and adjusted EBITDA(1) of $4.8 million, representing a year-over-year increase of 97% and 43%, respectively.
Reduced borrowings outstanding under the Asset Based Loan by 81% (or $6.1 million) compared to year-end 2023.
2024 Guidance: Stronger Profit Expectations
Based upon the Company's strong year-to-date operational performance and the outlook for the fourth quarter, the Company is increasing its 2024 guidance. Flotek now expects adjusted EBITDA(2) to be in the range of $16.5 million to $18.5 million, up from the previous range of $14 million to $18 million. This represents a 9% increase to the midpoint of the range and a 35% increase when compared to the midpoint of the Company's original 2024 guidance of $10 million to $16 million. In addition, the Company now expects its adjusted gross profit margin(2) for 2024 to be in the range of 20% to 22%, up from the original guidance of 18% to 22%.
Management Commentary
Chief Executive Officer Dr. Ryan Ezell commented, "We are pleased to report another quarter of outstanding safety, service quality and financial results. We continue to gain momentum and market share with the execution of our strategy, despite a challenging upstream market. Revenue from our Data Analytics segment grew 30% in the third quarter, a continuation of the strong growth of 22% in the second quarter. Our new upstream Data Analytics' applications, including flare monitoring, were a catalyst for revenue growth this quarter. Following the EPA's approval of our JP3 analyzer in mid-July, we recognized our first revenues from flare monitoring in August and September, which comprised 25% of total quarterly segment revenues. We expect to see further growth in flare monitoring revenues during the fourth quarter. Revenue from our chemistry segment increased 7% in the third quarter, a continuation of the growth in the prior quarter. Our persistent revenue growth in our chemistry segment, despite a declining frac fleet market, is clear evidence that we are gaining market share through our differentiated chemistry technology solutions.
In terms of profitability, adjusted EBITDA during the third quarter improved for the eighth consecutive quarter and, as a result, we are increasing our adjusted EBITDA guidance for the second time this year. Over the first nine months of 2024, we reported adjusted EBITDA of $13.3 million, as compared to ($2.5) million during the nine months ended September 30, 2023. This $15.8 million improvement reflects the continued positive trajectory of the Company and the hard work and dedication of the Flotek employees."
Third Quarter 2024 Financial Results
Revenue: Flotek reported total revenues of $49.7 million for the third quarter of 2024, which was an increase of $2.5 million, or 5% compared to the third quarter of 2023. Third quarter revenue increased 8% sequentially driven by a 7% sequential increase in Chemistry revenues and a 30% sequential increase in Data Analytics' revenue. Data Analytics segment revenue totaled $2.7 million during the third quarter of 2024, of which 25% was attributed to Flotek's new proprietary flare measurement application.
Gross Profit: The Company generated gross profit of $9.1 million with a margin of 18% during the third quarter 2024, as compared to gross profit of $9.0 million with a margin of 19% for the third quarter 2023. Gross profit margin during the third quarter of 2024 was lower than the 2023 period as a result of a shift in chemistry product mix as well as lower revenue during the 2024 period related to the minimum chemistry purchase requirements contained in the Company's long-term supply agreement. Partially offsetting these items was an increase in gross profit from the Company's Data Analytics segment, which contributed $1.2 million to third quarter 2024 gross profit, a 46% increase from the year ago quarter.
Adjusted Gross Profit (Non-GAAP)(1): Flotek generated adjusted gross profit of $10.7 million during the third quarter 2024 compared to adjusted gross profit of $10.3 million for the third quarter 2023. Adjusted gross profit excludes non-cash items, primarily amortization of contract assets.
Selling, General and Administrative ("SG&A") Expense: SG&A expense totaled $5.7 million for the third quarter 2024 compared to $6.5 million for the third quarter 2023. The improvement was the result of lower personnel costs and professional fee expenses during the 2024 period.
Net Income and EPS: Flotek reported net income of $2.5 million, or $0.08 per diluted share, for the third quarter 2024. This compares to a net income of $1.3 million, or $0.04 per diluted share, for the third quarter 2023.
Adjusted EBITDA (Non-GAAP)(1): Adjusted EBITDA was $4.8 million in the third quarter 2024 as compared to $3.4 million in the third quarter 2023. Third quarter 2024 adjusted EBITDA marked the eighth consecutive quarter of improvement.
https://ih.advfn.com/stock-market/NYSE/flotek-industries-FTK/stock-news/94837643/flotek-announces-increased-2024-guidance-improved
CLMB...Re: The cc transcript...💯% agree larrybaz...There are not many companies out there that stack up to Climb...They have a strong management team, less than $1M in debt, under 5M in total share count, ultra-low tightly held float, has phenomenal rev/profit growth, has NOT diluted shareholders, pays a dividend, is increasing profitability YoY, has a strong forecast, is sitting in the middle of the cybersecurity, AI space, and looks to have a strong Q4 on deck.
Added more Friday. My avg now @ $100.70 a share. Will keep adding on dips (if it keeps dipping) and take it from there...
Spin the wheel !!
CLMB...Hard to give a forward PE with such remarkable growth, very little debt, and such a low share count. Management and team have done a great job over the past years since Dale Foster took over. I haven't listened to the cc yet, but Q4 was VERY strong last year, and/so if Climb shows the same percentage growth as Q3, look out above.
I averaged back into a position @ $101.41 today.
I also see CLMB as an upcoming AI stock...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174055371
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174225478
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174134305
CLMB...OMG hewb...Why the hell did I sell this gem????? Sure, I made great $ on CLMB/WSTG over the years, but this one officially now goes in the record books as one of my loooooooong term "I knew I should have held it longer" stocks.🙄 (PLUS is/was another one). 😏
What a great report from CLMB today...
https://finance.yahoo.com/news/climb-global-solutions-reports-record-200500191.html
CXDO...Crexendo's Codefest Draws Record Participation with AI at the Core of Innovation
PHOENIX, AZ / ACCESSWIRE / October 30, 2024 / Crexendo®, Inc. (Nasdaq:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communication as service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, wrapped up its most successful Codefest to date as part of its annual User Group Meeting in Nashville, TN. The highly anticipated event saw unprecedented participation, with 16 groundbreaking entries from developers and partners showcasing innovative solutions built on Crexendo's NetSapiens Platform open API framework, focused heavily on AI-driven advancements and enhanced collaboration tools.
The Annual Codefest served as a powerful demonstration of how developers are pushing the boundaries of innovation, enabling partners to create transformative solutions that harness the full potential of AI and next-generation technology. These solutions not only shape how businesses communicate and collaborate but are also designed to adapt seamlessly to the rapidly evolving landscape of modern enterprise needs. With a focus on driving real-world impact, the Codefest highlighted the commitment of developers and partners alike to build tools that are both cutting-edge and highly responsive to the demands of today's fast-paced, digital-first environment.
Two winners were selected from the solutions that were demonstrated based on a combination of audience voting and final selection by a panel of judges. The winning entries for this year came from Germany's CCT Solutions and US-based Netlink Voice. CCT Solutions' winning entry was for their MX Cloud product, a multi-experience Contact Center solution combining automation and a customizable agent workplace to enhance customer experience. Netlink Voice demonstrated their application called the Horizon Toolkit. This set of enhancements to the NetSapiens platform enables a series of additional administrative functions in an automated way that allows NetSapiens licensees to empower resellers and administrators with additional management capabilities.
CCT Solutions Director of Product Management Stefan Schneider said, "We are thrilled to not only be able to demonstrate the capabilities of MX Cloud to the NetSapiens community but also to receive this recognition against the many other entries in Codefest. We continue to have global customer success deploying MX Cloud integrated into the NetSapiens platform, and we look forward to continued growth in our partnership with Crexendo."
Nilay Patel, Founder and CEO of Netlink Voice said, "We leveraged the rich APIs in Crexendo's NetSapiens platform to build Horizon Toolkit for real-world use with our customers and partners. It is an honor to be recognized for the insights and efforts of our team as they have endeavored to build additional value into our commercial offer leveraging the power of the NetSapiens Platform."
"Codefest is a testament to our commitment to fostering a community of innovation", said Jeff Korn, Chairman & CEO, Crexendo. "By equipping developers and partners with the tools to bring next-generation solutions to life, we're helping them deliver industry-defining applications that enable our partners to achieve sustainable differentiation and continue to grow at double the industry average. Congratulations to the Winners Netlink Voice and CCT Solutions for their remarkable achievements at this year's Codefest! Their innovative solutions not only showcased exceptional creativity but also set a new benchmark for excellence within our community. The innovation of our community is something that makes us unique, our open API's allow our licensees to make the platform their own. The continued ingenuity of the community makes us a better company, allows us to collaborate with our licenses and opens up another revenue stream through the revenue share we will receive in the Marketplace."
Some of these ground-breaking solutions will be made available in the upcoming NetSapiens Platform Marketplace, providing partners a unique opportunity to increase their revenue streams while differentiating themselves in a highly competitive industry. The NetSapiens Platform Marketplace serves as a central hub for trusted, value-driven applications, expanding partners' capabilities and empowering them to offer customized solutions that maximize the end-user experience.
As a standout event within Crexendo's User Group Meeting, the 2024 Codefest exemplifies Crexendo's mission to shape the future of cloud communications while fostering a vibrant, collaborative partner ecosystem.
https://feeds.issuerdirect.com/news-release.html?newsid=6402853685700129
VTLE...Sold out of my position when it went back into the $27's. I currently have losses in BRY & SD but am going to wait till earnings come out on both. No matter what happens, I am looking to sell losses in both by year end.
BTW, FTK is hanging in there, which is good, since it's my largest o&g holding.
Good luck on VTLE. Hope it rebounds.
CXDO...🔊$6+📈...💪😎🤙
VTLE...Added more and my avg now @ $27.01.
VTLE...Morning researcher. Just started a position in VTLE and will avg down if/as it continues to drop. (Grabbed some @ $27.20 & $27.35). If I have losses from here at year end, I'll sell and reposition next year,
I like this one @ these prices even as oil prices drop.
Has had strong cash flow, a recent acquisition, and very high book value per share ($78).
"Combined with our strategic acquisition of the assets of Point, we have increased our inventory of estimated sub-$50 per barrel WTI breakeven inventory to 395 locations."
RE: YT videos posted on InvestorsHub...Right click on the video, copy URL, then paste URL into browser to open link. Looks like YouTube changed things up.
🤔Allan Lichtman says the race for the White House is already over...
🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔