See more : Roblon A/S (RBLN-B.CO) Income Statement Analysis – Financial Results
Complete financial analysis of NXT Energy Solutions Inc. (NSFDF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NXT Energy Solutions Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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NXT Energy Solutions Inc. (NSFDF)
About NXT Energy Solutions Inc.
NXT Energy Solutions Inc., a technology company, provides services to the oil and gas industry through its proprietary stress field detection (SFD) technology worldwide. Its SFD technology, a remote sensing airborne survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The company was formerly known as Energy Exploration Technologies Inc. and changed its name to NXT Energy Solutions Inc. in September 2008. NXT Energy Solutions Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.15M | 0.00 | 3.13M | 136.57K | 11.98M | 0.00 | 470.98K | 1.45M | 17.42M | 3.91M | 2.68M | 10.94M | 144.65K | 443.01K | 3.68M | 2.96M | 5.33M | 1.11M | 56.54K | 57.74K | 0.00 | 833.72K | 1.59 | 1.50 | 1.45 | 0.00 |
| Cost of Revenue | 2.25M | 2.95M | 3.00M | 2.87M | 4.39M | 2.89M | 1.29M | 1.16M | 5.10M | 431.52K | 1.63M | 3.63M | 46.71K | 466.43K | 8.35K | 215.20K | 781.69K | 5.54K | 5.49K | 6.89K | 0.00 | 243.11K | 2.57M | 749.50K | -134.71K | 0.00 |
| Gross Profit | -103.41K | -2.95M | 133.60K | -2.74M | 7.58M | -2.89M | -818.45K | 290.08K | 12.33M | 3.48M | 1.05M | 7.30M | 97.94K | -23.42K | 3.68M | 2.74M | 4.54M | 1.11M | 51.05K | 50.84K | 0.00 | 590.60K | -2.57M | -749.49K | 134.72K | 0.00 |
| Gross Profit Ratio | -4.82% | 0.00% | 4.26% | -2,003.30% | 63.32% | 0.00% | -173.77% | 20.04% | 70.75% | 88.97% | 39.19% | 66.78% | 67.71% | -5.29% | 99.77% | 92.72% | 85.32% | 99.50% | 90.29% | 88.06% | 0.00% | 70.84% | -161,658,589.18% | -49,982,894.33% | 9,301,500.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 47.79K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.48M | 0.00 | 0.00 | 240.65K | 666.12K | 552.19K | 394.65K | 387.11K |
| General & Administrative | 3.33M | 3.74M | 3.19M | 3.34M | 3.54M | 4.39M | 5.54M | 6.44M | 6.13M | 4.79M | 4.60M | 4.77M | 3.56M | 4.26M | 4.24M | 3.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 195.81 | 47.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 369.09K | 0.00 | 0.00 | 464.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.33M | 3.74M | 3.19M | 3.34M | 3.54M | 4.39M | 5.54M | 6.44M | 6.13M | 4.79M | 4.60M | 4.77M | 3.56M | 4.26M | 4.24M | 3.68M | 3.78M | 2.89M | 3.19M | 2.85M | 2.48M | 2.79M | 3.11M | 2.70M | 2.10M | 1.51M |
| Other Expenses | -5.28M | -28.86K | -20.99K | -10.40K | -56.83K | 43.43K | -91.37K | 2.10M | 704.94K | 67.16K | 85.48K | 125.02K | 160.48K | -4.09K | 175.90K | 175.99K | 3.99M | 4.18M | 3.97M | 3.68M | 2.55M | 8.89M | 3.65M | 3.22M | 2.48M | 1.66M |
| Operating Expenses | -1.86M | 3.74M | 3.19M | 3.34M | 3.54M | 4.39M | 7.44M | 8.54M | 6.84M | 4.86M | 4.69M | 4.90M | 3.72M | 4.42M | 6.00M | 3.85M | 3.99M | 4.18M | 7.45M | 3.68M | 2.55M | 9.13M | 4.31M | 3.77M | 2.88M | 2.05M |
| Cost & Expenses | 5.67M | 6.68M | 6.19M | 6.21M | 7.93M | 7.28M | 8.73M | 9.70M | 11.93M | 5.29M | 6.32M | 8.53M | 3.77M | 4.89M | 6.01M | 4.07M | 4.77M | 4.18M | 7.46M | 3.69M | 2.55M | 9.38M | 6.89M | 4.52M | 2.74M | 2.05M |
| Interest Income | 0.00 | 36.22 | 37.96 | 14.06K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.35K | 9.92K | 80.63K | 234.01K | 103.14K | 4.53K | -0.73 | 0.00 | 2.84K | 31.70K | 176.87K | 536.05K | 0.00 | 322.98K |
| Interest Expense | 160.26K | 34.40K | 37.96K | 0.00 | 0.00 | 0.00 | 4.49K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.32K | 1.33M | 1.72M | 638.34 | 0.00 | 111.74K | 243.53K | 28.90K | 0.00 | 22.00K |
| Depreciation & Amortization | 1.76M | 1.77M | 1.78M | 1.78M | 1.78M | 1.79M | 1.90M | 2.10M | 704.94K | 67.16K | 85.48K | 125.02K | 160.48K | 164.07K | 175.90K | 175.99K | 206.43K | 1.28M | 747.67K | 69.64K | 73.48K | 377.47K | 536.38K | 514.67K | 383.09K | 204.94K |
| EBITDA | -3.53M | -4.93M | -1.31M | -4.25M | 6.06M | -5.18M | -6.99M | -6.15M | 6.20M | -1.66M | -3.66M | 2.53M | -3.47M | -4.28M | -2.15M | -938.94K | 666.88K | -1.78M | -6.65M | -3.86M | 126.09K | -2.59M | -6.29M | -4.00M | -2.36M | -1.88M |
| EBITDA Ratio | -164.58% | 0.00% | -40.56% | -3,201.43% | 50.57% | 0.00% | -1,435.74% | -390.69% | 34.51% | -27.33% | -82.85% | 23.93% | -2,378.48% | -962.01% | -54.14% | -22.96% | 18.79% | -160.13% | -11,695.33% | -4,043.80% | 0.00% | -212.46% | -395,043,100.00% | -268,784,100.00% | -162,867,400.00% | 0.00% |
| Operating Income | -3.52M | -6.70M | -3.05M | -6.15M | 4.28M | -7.48M | -8.73M | -8.25M | 5.49M | -1.38M | -3.64M | 2.41M | -3.63M | -4.44M | -2.33M | -1.11M | 555.15K | -3.07M | -7.40M | -3.87M | -3.86M | -8.90M | -6.92M | -4.52M | -2.74M | -2.05M |
| Operating Income Ratio | -164.21% | 0.00% | -97.24% | -4,505.42% | 35.70% | 0.00% | -1,853.43% | -570.09% | 31.52% | -35.15% | -135.55% | 21.99% | -2,506.38% | -1,003.16% | -63.19% | -37.73% | 10.42% | -275.47% | -13,087.65% | -6,694.51% | 0.00% | -1,067.52% | -434,483,500.00% | -301,354,400.00% | -189,435,800.00% | 0.00% |
| Total Other Income/Expenses | -1.93M | -34.40K | -1.38M | -1.36M | -205.61K | 516.46K | -2.06M | -474.31K | 197.31K | -187.94K | -1.30M | 150.71K | 44.56K | -8.33K | -76.94K | -26.37K | -211.67K | -1.32M | -1.72M | -319.67K | -2.61M | 8.90M | -62.00K | 26.27K | -1.70K | 29.59K |
| Income Before Tax | -5.45M | -6.73M | -3.12M | -6.00M | 3.77M | -6.97M | -8.89M | -8.73M | 5.69M | -1.56M | -4.94M | 2.49M | -3.58M | -4.46M | -2.49M | -1.38M | 343.48K | -4.39M | -9.12M | -5.09M | -6.47M | -15.29M | -6.98M | -4.49M | -2.75M | -2.02M |
| Income Before Tax Ratio | -254.05% | 0.00% | -99.67% | -4,393.24% | 31.50% | 0.00% | -1,888.58% | -602.86% | 32.65% | -39.95% | -184.12% | 22.76% | -2,478.12% | -1,007.28% | -67.47% | -46.54% | 6.45% | -394.13% | -16,131.41% | -8,822.94% | 0.00% | -1,834.49% | -438,378,200.00% | -299,602,200.00% | -189,553,400.00% | 0.00% |
| Income Tax Expense | 0.00 | 34.40K | 46.55K | -87.56K | 212.55K | -516.46K | 75.55K | 374.51K | -4.85M | 187.94K | 399.55K | 426.42K | -40.88K | 8.33K | 76.94K | 26.37K | 211.67K | 1.32M | -19.90K | 192.29K | 1.09M | 392.92K | 99.16K | -533.42K | -521.17K | -330.57K |
| Net Income | -5.45M | -6.77M | -3.17M | -5.91M | 3.77M | -6.45M | -8.97M | -9.10M | 10.54M | -1.56M | -5.34M | 2.06M | -3.58M | -4.45M | -2.41M | -1.14M | 343.48K | -4.39M | -9.10M | -3.83M | -3.65M | -8.94M | -6.99M | -3.99M | -2.22M | -1.72M |
| Net Income Ratio | -254.05% | 0.00% | -101.15% | -4,329.12% | 31.50% | 0.00% | -1,904.62% | -628.74% | 60.50% | -39.95% | -199.01% | 18.86% | -2,478.12% | -1,005.04% | -65.28% | -38.62% | 6.45% | -394.13% | -16,096.22% | -6,625.88% | 0.00% | -1,071.83% | -438,859,000.00% | -265,781,400.00% | -153,451,300.00% | 0.00% |
| EPS | -0.07 | -0.10 | -0.05 | -0.09 | 0.06 | -0.10 | -0.16 | -0.17 | 0.22 | -0.04 | -0.13 | 0.05 | -0.10 | -0.14 | -0.08 | -0.04 | 0.01 | -0.17 | -0.42 | -0.19 | -0.21 | -0.52 | -0.49 | -0.30 | -0.17 | -0.14 |
| EPS Diluted | -0.07 | -0.10 | -0.05 | -0.09 | 0.06 | -0.10 | -0.16 | -0.17 | 0.21 | -0.04 | -0.13 | 0.04 | -0.10 | -0.14 | -0.08 | -0.04 | 0.01 | -0.17 | -0.42 | -0.19 | -0.21 | -0.52 | -0.49 | -0.30 | -0.17 | -0.14 |
| Weighted Avg Shares Out | 77.65M | 66.05M | 65.10M | 64.85M | 68.63M | 65.91M | 54.90M | 53.93M | 48.11M | 44.68M | 41.95M | 49.13M | 35.94M | 30.99M | 30.90M | 30.58M | 28.03M | 25.29M | 21.42M | 20.27M | 17.72M | 17.09M | 14.32M | 13.08M | 12.77M | 12.48M |
| Weighted Avg Shares Out (Dil) | 77.65M | 66.05M | 65.10M | 64.85M | 68.63M | 65.91M | 54.90M | 53.93M | 49.38M | 44.68M | 41.95M | 49.13M | 35.94M | 30.99M | 30.90M | 30.58M | 28.03M | 25.29M | 21.42M | 20.27M | 17.72M | 17.09M | 14.32M | 13.08M | 12.77M | 12.48M |
NXT Energy Solutions Named Finalist for 26th Annual Platts Global Energy Awards
CALGARY, AB / ACCESSWIRE / November 26, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has been named a finalist for the Energy Transition Award - Upstream category at the Annual...
NXT Announces Receipt of Final Tranche of Convertible Debenture Offering
CALGARY, AB / ACCESSWIRE / November 12, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has completed the final tranche of a planned private placement of an aggregate principal amount of US$900,000...
NXT Energy Solutions Announces Third Quarter 2024 Results
CALGARY, AB / ACCESSWIRE / November 7, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced the Company's financial and operating results for the quarter ended September 30, 2024. All dollar amounts herein are in Canadian...
NXT Energy Solutions Announces The Award Of An SFD(R) Survey Contract
CALGARY, AB / ACCESSWIRE / November 5, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce the award of a contract to provide an SFD® survey for AL-Haj Enterprises Private Limited ("AEPL"). Data acquisition...
NXT Announces US$0.5 Million Convertible Debenture
CALGARY, AB / ACCESSWIRE / November 1, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has received the first tranche of a planned US$900,000 (approximately CDN$1,252,080) convertible debenture (the "Debentures") from Ataraxia...
NXT Energy Solutions to Present at the LD Micro Main Event XVII
CALGARY, AB / ACCESSWIRE / October 18, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced that Bruce G. Wilcox, NXT's CEO, will be presenting at the 17th Annual LD Micro Main Event at the Luxe...
NXT Energy Solutions' SFD Awarded Best Exploration Technology At the 2024 Gulf Energy Information Excellence Awards
CALGARY, AB / ACCESSWIRE / October 11, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has been awarded the "Best Exploration Technology" at the 2024 Gulf Energy Information Excellence Awards, on...
NXT Energy Solution's SFD Technology Named Finalist at The 2024 Gulf Energy Information Excellence Awards
CALGARY, AB / ACCESSWIRE / September 26, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has been named a finalist for Best Exploration Technology at the 2024 Gulf Energy Information Excellence...
NXT Energy Solutions Announces SFD Survey Contract in Africa
CALGARY, AB / ACCESSWIRE / September 24, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has entered into a contract with its Strategic Alliance Partner, Synergy Exploration and Production Technologies Limited...
NXT Announces Geothermal Survey for Alberta Geothermal Resource Recovery Inc.
CALGARY, AB / ACCESSWIRE / August 21, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has entered into a geothermal survey agreement with Alberta Geothermal Resource Recovery Inc. (AGRRI). The survey will...
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