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VYEY Victory Oilfield Tech

We are an Austin, Texas based publicly held oilfield energy technology products company focused on improving well performance and extending the lifespan of the industry’s most sophisticated and expensive equipment. America’s resurgence in oil and gas production is largely driven by new innovative technologies and processes as most dramatically and recently demonstrated by fracking. We exclusively license intellectual property related to amorphous metal alloys for use in the global oilfield services industry. Amorphous alloys are mechanically stronger, harder and more corrosion resistant than typical crystalline structure alloys found in the market today. This combination of characteristics creates opportunities for drillers to dramatically improve lateral drilling lengths, well completion time and total well costs.

Company profile

Ticker
VYEY
Exchange
Website
CEO
Kevin DeLeon
Employees
Incorporated
Location
Fiscal year end
Former names
NEW ENVIRONMENTAL TECHNOLOGIES CORP, VICTORY CAPITAL HOLDINGS CORP, VICTORY ENERGY CORP
SEC CIK
IRS number
870564472

VYEY stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Jul 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 20 Dec 19 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 215.99K 215.99K 215.99K 215.99K 215.99K 215.99K
Cash burn (monthly) (positive/no burn) (positive/no burn) 82.42K 292.66K 720.67 26.97K
Cash used (since last report) n/a n/a 1.31M 4.66M 11.47K 429.1K
Cash remaining n/a n/a -1.1M -4.44M 204.52K -213.11K
Runway (months of cash) n/a n/a -13.3 -15.2 283.8 -7.9

Beta Read what these cash burn values mean

Content analysis
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Negative
Uncertain
Constraining
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Readability
H.S. sophomore Avg
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