National Automation Services Reports 2014 Financial Results Earnings per Share of $0.08 on Revenue of $17,614,000
(firmenpresse) - LAS VEGAS, NV -- (Marketwired) -- 04/16/15 -- National Automation Services, Inc. ("NAS" or "Company") (OTCQB: NASV), a growing oil and gas services company, today announced financial results for the year ended December 31, 2014.
2014 Highlights Include:
Revenue of $17,614,000
Gross margin of $3,130,000
Net income of $312,100
Earnings per basic of $0.08 /diluted share of $0.06
Customer mix in 2014 was approximately 60% natural gas and 40% oil producers
Diversified oil producing customers are flexible, lower overhead operators that continue to operate while oil prices fluctuate
Immediate and long term outlook for natural gas production is very promising
NAS is evaluating strategic acquisition opportunities emerging in the current market of relatively lower oil prices
"We are very pleased to have concluded our first year of operating an acquired oil and gas services business, and more importantly we have done so profitably. We believe this exemplifies NAS''s ability to identify, acquire, and integrate subsidiaries that are both a strong strategic fit and add to our bottom line. In management''s opinion, and based on standard industry valuation metrics, NAS has delivered superior operating and profit performance relative to the Company''s current market capitalization," stated NAS CFO Jeremy Briggs.
The following table reconciles these financial results reported in accordance with generally accepted accounting principles ("GAAP"). All growth comparisons relate to the corresponding period in the last fiscal year ended December 31, 2013. Noted that in prior year the Company had no existing revenues and that for the current period represented (2014), our subsidiary provides the only revenue sources for the Company''s growth at this time.
1Fiscal year 2014 includes the results of JD Field Services for the period beginning on March 1, 2014.
For further information about the Company please visit , read our SEC filings at and subscribe to Email Alerts at (bottom of the web-page) to receive company news and shareholder updates.
National Automation Services is building a portfolio of complementary oil and gas services through acquisitions. Through its subsidiary, JD Field Services, Inc., the Company provides oilfield services to the oil and gas industry in the United States. It primarily focuses on drilling services, operation services, and maintenance services of the well-site activities.
SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company''s financing plans; (ii) trends affecting the Company''s financial conditions or results of operations; (iii): the Company''s growth strategy and operating strategy; and (iv) the effects of global, national and local economic and market conditions. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", "project" and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the Company''s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company''s reports filed with the SEC. The foregoing list of important factors is not complete and the Company does not undertake to update any forward-looking statements that it may make except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Investor Relations Contact:
The Olibri Group
Briggs Smith
813-438-5225
IR Consulting Services
Alan Stamper
727-771-8773
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.04.2015 - 06:30 Uhr
Sprache: Deutsch
News-ID 1351861
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
LAS VEGAS, NV
Phone:
Kategorie:
Trucks
Anmerkungen:
Diese Pressemitteilung wurde bisher 221 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"National Automation Services Reports 2014 Financial Results Earnings per Share of $0.08 on Revenue of $17,614,000
"
steht unter der journalistisch-redaktionellen Verantwortung von
National Automation Services, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
