VYEY Victory Oilfield Tech, Inc.
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 in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
New Environmental Technologies Corp, Victory Capital Holdings Corp, Victory Energy Corp
SEC CIK
Corporate docs
IRS number
870564472
VYEY stock data
()
Investment data
Securities sold
Number of investors
Calendar
27 Jan 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 18 | Sep 18 | Mar 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | 399K | 0 | |||
| Net income | -609.8K | ||||
| Diluted EPS | -0.61 | -0.02 | -0.07 | -15.85 | |
| Net profit margin | -153% | ||||
| Operating income | -14.7M | -583.98K | -427.58K | -607.27K | |
| Net change in cash | 11.3M | -11.25M | -4.06K | 13.75K | |
| Cash on hand | 76.75K | -11.23M | 20.32K | 24.38K | |
| Cost of revenue | 215.29K |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 1.03M | 440.8K | 1.29M | ||
| Net income | -27.31M | -20.72M | -1.85M | -4.18M | |
| Diluted EPS | -1.28 | -18.14 | -2.31 | -0.14 | |
| Net profit margin | -2640% | -420% | -324% | ||
| Operating income | -27.34M | -2.19M | -1.77M | -4.8M | |
| Net change in cash | 52.36K | -32.07K | 54.07K | -557 | |
| Cash on hand | 76.75K | 24.38K | 56.46K | 2.38K | |
| Cost of revenue | 504.09K |
Financial data from company earnings reports
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
agreeable, cashflow, Conway, delinquent, deposited, disaggregation, duration, erroneously, Estate, expedient, frac, fracking, gate, goodwill, harsh, headerRevenue, headerTransaction, host, Kodak, lifespan, LKLC, LMC, Matheson, Molecular, mud, Nonemployee, pattern, Pink, plunger, prepayment, promised, pump, qualitative, quantitative, Real, reapply, resurgence, revaluation, Rob, ruggedized, Sharon, sophisticated, Stewart, stop, stream, trailing, Treasurer, unearned, worsen
Removed:
accretion, accrue, acknowledged, adjust, adjustment, administered, AEP, affirmative, affirmed, aforementioned, Aid, alter, answer, answered, Appeal, appealed, appointment, Aspen, asserted, assignment, attended, attributable, Australian, authoritative, bad, Barry, Basin, borrower, borrowing, Cambrian, Center, CFO, Chalk, claim, cleanup, Cline, collateral, commencing, commensurate, commitment, compared, consultant, consulted, consummate, creating, Creative, Crockett, Crooked, cured, deduction, denied, density, Department, depletion, diem, disability, dismissed, dissolution, dividing, dollar, drilled, Eagle, education, El, eliminating, Ellenberger, employed, engineer, enrichment, estimating, evidenced, executed, exist, expensed, faith, feasibility, fifteen, forbear, Ford, foreclose, Fred, funded, Fusselman, Garlitz, Gary, guaranteed, heard, hold, honoring, horizontal, Howard, Howell, human, implementation, insolvent, Institute, interfere, intervened, invested, joint, jointly, Kolker, legally, lender, lending, letter, lien, LTIP, manufacturing, margin, match, mature, maximum, measure, mediated, mediation, mentioned, Miranda, Mississippi, Mississippian, multiple, notification, Oak, obligated, offer, opposing, overhead, Paso, Patrick, Penn, Permian, Perry, personally, Plaintiff, play, plugging, pooling, preceding, predictable, predominantly, prejudice, presumption, prime, priority, professional, prominent, PSA, reached, ready, receiver, Receivership, recover, redetermination, referenced, rehearing, relation, Relief, rescission, reserve, resolved, resource, restricting, returned, revolving, Roger, School, serving, settle, shale, Smith, south, Southwest, spacing, Spraberry, standby, Ste, strategically, sued, suit, supplemented, Supreme, sworn, tendered, Trilogy, unconverted, unique, unjust, Vacate, Valley, verdict, vertical, Virginia, VP, west, Wharton, winding, withheld, withholding, Wolfberry, Wolfcamp, Woodbine, XBRL, yield
Financial reports
10-K
2018 FY
Annual report
27 Jan 20
NT 10-Q
Notice of Late Quarterly Filing
15 Nov 19
NT 10-Q
Notice of Late Quarterly Filing
15 Aug 19
NT 10-Q
Notice of Late Quarterly Filing
16 May 19
NT 10-K
Notice of Late Annual Filing
1 Apr 19
10-Q
2018 Q3
Quarterly report
14 Nov 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
10-Q
2018 Q1
Quarterly report
15 May 18
10-K
2017 FY
Annual report
29 Mar 18
10-Q
2017 Q3
Quarterly report
14 Nov 17
Current reports
8-K
Other Events
15 May 20
8-K
Other Events
30 Mar 20
8-K
Departure of Directors or Certain Officers
7 Nov 19
8-K
Entry into a Material Definitive Agreement
24 Oct 19
8-K
Entry into a Material Definitive Agreement
10 Sep 19
8-K
Entry into a Material Definitive Agreement
17 Jul 19
8-K
Departure of Directors or Certain Officers
23 Apr 19
8-K
Departure of Directors or Certain Officers
7 Mar 19
8-K/A
Completion of Acquisition or Disposition of Assets
2 Oct 18
8-K
Victory Oilfield Tech Announces Second Quarter 2018
14 Aug 18
Registration and prospectus
424B3
Prospectus supplement
21 Nov 18
424B3
Prospectus supplement
15 Aug 18
424B3
Prospectus supplement
21 May 18
424B3
Prospectus supplement
25 Apr 18
S-1/A
IPO registration (amended)
20 Apr 18
S-1/A
IPO registration (amended)
8 Feb 18
S-1
IPO registration
5 Feb 18
D
$320K in debt / options, sold $320K, 1 investor
13 Feb 17
425
Business combination disclosure
20 Apr 15
425
Business combination disclosure
16 Apr 15
Proxies
DEF 14C
Information statement
3 May 18
PRE 14C
Preliminary information
23 Apr 18
DEF 14A
Definitive proxy
23 Oct 17
PRER14A
Preliminary revised proxy
13 Oct 17
PREM14A
Preliminary proxy related to merger
18 Sep 17
DEF 14A
Definitive proxy
15 Sep 17
DEF 14A
Definitive proxy
1 Apr 14
DEF 14C
Information statement
18 Nov 11
PRE 14C
Preliminary information
13 Oct 11
Other
EFFECT
Notice of effectiveness
24 Apr 18
CORRESP
Correspondence with SEC
20 Apr 18
UPLOAD
Letter from SEC
20 Oct 17
CORRESP
Correspondence with SEC
13 Oct 17
UPLOAD
Letter from SEC
6 Oct 17
UPLOAD
Letter from SEC
20 Dec 12
CORRESP
Correspondence with SEC
4 Oct 12
CORRESP
Correspondence with SEC
4 Oct 12
CORRESP
Correspondence with SEC
7 Sep 12
UPLOAD
Letter from SEC
30 Aug 12
Ownership
3
Initial statement of insider ownership
23 Apr 18
4
VICTORY ENERGY / RONALD ZAMBER ownership change
17 Apr 18
4
VICTORY ENERGY / RICARDO A SALAS ownership change
17 Apr 18
4
Change in insider ownership
17 Apr 18
3
VICTORY ENERGY / Eric Eilersten ownership change
17 Jan 18
3
VICTORY ENERGY / KEVIN DELEON ownership change
22 Sep 17
3
VICTORY ENERGY / RICARDO A SALAS ownership change
31 Aug 17
4
VICTORY ENERGY / KENNETH E HILL ownership change
25 Aug 17
SC 13D
Victory Energy Corp
1 Mar 17
3
VICTORY ENERGY / Michael Cosby ownership change
28 Feb 17