Enservco corporation reports 2023 fourth quarter and full year financial results

Fourth quarter 2023 highlights revenue flat overall with a completions services revenue increase offset by an expected production services revenue decrease from q4 of 2022 gross profit improves 14% general and administrative expenses down 2% net loss increased to $1.9 million from $1.7 million, with the increase related to $0.5 million write down of goodwill in q4 2023 positive adjusted ebitda versus an adjusted ebitda loss in q4 of 2022 full year 2023 highlights revenue up 2% compared to 2022 gross profit improves 61% general and administrative expenses down 9% net loss increased to $8.5 million from $5.6 million, due primarily to the write down of goodwill and the 2022 net loss including a $4.3 million non-cash gain on debt extinguishment adjusted ebitda loss improves 46% longmont, colo., april 01, 2024 (globe newswire) -- enservco corporation (nyse american: ensv), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced its 2023 fourth quarter and full year financial results.
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