Pedevco Corp. (PED)

[Topgun21]

Hi Pete,
Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 281% to $6.0 million in Q2 2022, compared to $1.6 million in Q2 2021 PED $PED
Produced an average of 1,085 barrels of oil equivalent per day ("BOEPD") (80% oil) in the three months ended June 30, 2022 ("Q2 2022"), with Q2 2022 revenue of $9.55 million increasing 155% over revenue earned during the three months ended June 30, 2021 ("Q2 2021").
Reported Q2 2022 operating income of $3.22 million, increasing nearly 600% from Q2 2021.
Reported Q2 2022 operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $6.3 million, increasing $1.9 million and 44% from Q2 2021.
Reported Q2 2022 net income of $3.21 million or $0.04 per basic diluted share outstanding, compared to a net loss of $225 thousand, or a $0.00 loss per diluted basic share outstanding, in Q2 2021.
Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 281% to $6.0 million in Q2 2022, compared to $1.6 million in Q2 2021

NO DEBT.
MASSIVE EARNINGS
CEO owns 67% of float

ALL IN MY OPINION.
MAVERICK

PED $PED