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
Sector
Industry (SIC)
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
16 Jul 21
28 Jul 21
31 Dec 21
Financial summary
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 |
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
absence, adverse, adversely, alleviate, analyze, analyzed, barrel, belief, book, bypassed, category, caution, cautionary, compete, competitive, comply, construed, context, decision, delayed, depicting, direct, directly, disaggregated, Disaggregation, disruption, document, domestic, downsizing, employee, enforce, entity, environmental, exceed, exhaustive, exposure, expressed, expressly, external, extinguishment, federal, Firm, fixed, fluctuate, fluidity, force, forecast, gather, grinding, guarantee, Independent, infringement, key, labor, launch, legislation, lesser, life, mitigate, mix, overhead, past, percent, prepaid, primary, privacy, proceeded, professional, properly, prospective, public, qualitative, quantitative, rapid, raw, reader, recruit, refinancing, Registered, reliance, repair, representing, resource, resume, revise, rounding, similar, single, situation, skilled, slowdown, staffing, Stockholder, successful, successfully, suffered, supplement, TCJA, terrorist, toxic, trade, transporting, ultimate, uncertainty, underlying, undue, unexpected, unrelated, update, volatility
Removed:
achieved, approval, automatically, canceled, Certificate, Codification, combined, convert, converted, counsel, covenant, coverage, David, dependent, deposited, designation, determination, discounted, Dr, escrow, facilitate, final, forward, Greg, Hill, history, informational, Insider, invest, issuable, Johnson, Kenneth, Kim, lieu, Long, managed, McCall, merger, methodology, modified, NOL, notwithstanding, occurring, prepayment, prior, producing, provisional, realization, redeem, redeemed, reflecting, rendered, repay, retained, retrospective, Ronald, Rubin, Secretary, tangible, terminated, undesignated, unsecured, utilized, wife, withdraw, Withdrawal, Zamber
Financial reports
10-Q
2020 Q1
Quarterly report
16 Jul 21
NT 10-Q
Notice of late quarterly filing
19 May 21
NT 10-K
Notice of late annual filing
1 Apr 21
10-K
2019 FY
Annual report
8 Feb 21
10-Q
2019 Q3
Quarterly report
16 Nov 20
10-Q
2019 Q2
Quarterly report
16 Nov 20
10-Q
2019 Q1
Quarterly report
12 Nov 20
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
Current reports
8-K
Entry into a Material Definitive Agreement
6 Nov 20
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
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)
19 Apr 18
S-1/A
IPO registration (amended)
7 Feb 18
S-1
IPO registration
4 Feb 18
D
$320K in debt / options, sold $320K, 1 investor
12 Feb 17
425
Business combination disclosure
19 Apr 15
425
Business combination disclosure
15 Apr 15
Proxies
DEF 14C
Information statement
3 May 18
PRE 14C
Preliminary information
22 Apr 18
DEF 14A
Definitive proxy
22 Oct 17
PRER14A
Preliminary revised proxy
12 Oct 17
PREM14A
Preliminary proxy related to merger
17 Sep 17
DEF 14A
Definitive proxy
14 Sep 17
DEF 14A
Definitive proxy
31 Mar 14
DEF 14C
Information statement
17 Nov 11
PRE 14C
Preliminary information
12 Oct 11
Other
EFFECT
Notice of effectiveness
23 Apr 18
CORRESP
Correspondence with SEC
19 Apr 18
UPLOAD
Letter from SEC
19 Oct 17
CORRESP
Correspondence with SEC
12 Oct 17
UPLOAD
Letter from SEC
5 Oct 17
UPLOAD
Letter from SEC
19 Dec 12
CORRESP
Correspondence with SEC
3 Oct 12
CORRESP
Correspondence with SEC
3 Oct 12
CORRESP
Correspondence with SEC
6 Sep 12
UPLOAD
Letter from SEC
29 Aug 12
Ownership
3
Initial statement of insider ownership
22 Apr 18
4
VICTORY ENERGY / RONALD ZAMBER ownership change
16 Apr 18
4
VICTORY ENERGY / RICARDO A SALAS ownership change
16 Apr 18
4
Change in insider ownership
16 Apr 18
3
VICTORY ENERGY / Eric Eilersten ownership change
16 Jan 18
3
VICTORY ENERGY / KEVIN DELEON ownership change
21 Sep 17
3
VICTORY ENERGY / RICARDO A SALAS ownership change
30 Aug 17
4
VICTORY ENERGY / KENNETH E HILL ownership change
24 Aug 17
SC 13D
Victory Energy Corp
28 Feb 17
3
VICTORY ENERGY / Michael Cosby ownership change
27 Feb 17