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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 Announces Mobilization of Turkish SFD® Survey
CALGARY, Alberta, Nov. 27, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the mobilization of its aircraft and equipment to begin the contracted SFD® survey in Turkiye that was announced...
NXT Energy Solutions Announces Third Quarter 2023 Results
CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the three and nine months ended September 30, 2023. All dollar...
MCAPM, LP and Michael P. Mork Acquire Convertible Debenture of NXT Energy Solutions Inc.
HEALDSBURG, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- MCAPM, LP and Michael P. Mork (together “Mork Capital”) announced today that on November 8, 2023, they subscribed for and received an aggregate principal amount of US$1,000,000 (approximately CAD$1,379,000) of unsecured convertible...
NXT Announces US$2.5 Million Convertible Debenture Offering of Which US$1.0 Million Is Subscribed by an Insider
CALGARY, Alberta, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce it has received conditional approval from the Toronto Stock Exchange (the “TSX”) to offer a multi-tranche...
NXT Energy Solutions Announces SFD Survey Contract
CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce that it has executed a contract to provide an SFD® survey to an independent oil and gas exploration...
NXT Energy Solutions Announces Second Quarter 2023 Results
CALGARY, Alberta, Aug. 11, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) today announced the Company's financial and operating results for the three and six months ended June 30, 2023. All dollar...
NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders
CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTC QB: NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholders held on August 2, 2023.
NXT Receives Payment Towards the Closing of Second Tranche of the US$2.3 Million Convertible Debenture
CALGARY, Alberta, July 10, 2023 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTCQB: NSFDF) is pleased to announce it has received an additional US$0.2 million of the previously announced US$2.3 million convertible debenture from...
NXT Energy Solutions Announces Release Date for Its Third Quarter 2022 Results and Conference Call
CALGARY, Alberta, Nov. 07, 2022 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. (“NXT” or the "Company") (TSX:SFD; OTC QB:NSFDF) announces it will release its third quarter 2022 financial and operating results for the quarter ended September 30, 2022, on Wednesday,...
NXT Energy Solutions Inc.'s (NSFDF) CEO George Liszicasz on Q2 2022 Results - Earnings Call Transcript
NXT Energy Solutions Inc. (OTCQB:NSFDF) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants George Liszicasz - President and Chief Executive Officer Eugene Woychyshyn - Vice President of Finance and Chief Financial Officer Conference Call Participants...
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