Energy and Environmental Services Inc (OTCMKTS:EESE) Stock In Focus After Earnings Update
On Thursday Energy and Environmental Services Inc (OTCMKTS:EESE) came into the news cycle after it announced its financial results for the fiscal year ended on December 31, 2022. Leon Joyce, its Chief Executive Officer, noted that the robustness of the results was an indication of the strengths of its products and the people who work for the company.
Trading Data
On Thursday, EESE stock ended flat at $0.1500 with more than 7K shares traded, compared to volume of 10.92K shares. The stock moved within a range of $0.1500 – 0.1500 after opening trading at $0.1399.
EES Has $20 Million in 2022 Revenues
It could be a good time to take a look at some of the highlights from the company’s performance. The sales revenues for the fiscal year stood at $20,081,900, which reflected a year on year rise of as much as 46%.
On the other hand, the gross profits for the year came in at $11,483,900, which reflected a year on year rise of 60.7% from the gross profits of $7,145,500 in 2021. Perhaps most importantly, the selling, general and administrative expenses incurred by the company fell considerably as a percentage of the revenues from 53.3% in 2021 to $43.5% in 2022.
The EBITDA earnings in 2022 generated by Energy and Environmental Services was $2,885,300 and it was higher than the figure of $1619500 in the previous fiscal year. It remains to be seen if the stock attracts any attention from investors today.
