Welcome to our dedicated page for NXT ENERGY SLTNS news (Ticker: NSFDF), a resource for investors and traders seeking the latest updates and insights on NXT ENERGY SLTNS stock.
NXT Energy Solutions Inc. reports business updates for its proprietary airborne SFD® survey system, a geophysical service used in oil and gas and geothermal exploration to infer stress anomalies and identify areas conducive to fluid entrapment. News commonly covers SFD® survey activity, customer projects across international basins, financial results, technology-rights ownership, and applications for subsurface resources.
Company updates also include capital actions such as private placements and early-warning ownership reports, governance changes including chief executive appointments, and investor-conference presentations tied to its Calgary-based technology and service model.
NXT Energy Solutions Inc. has filed amended consolidated financial statements for the years ended December 31, 2020, 2019, and 2018. This amendment removes the term 'unaudited' from the statements and corrects clerical errors in two headings. The corrected headings are 'Consolidated Statements of Cash Flows' and 'Consolidated Statements of Shareholders’ Equity.' No other changes were made to the documents. The company provides advanced survey technology to identify exploration potential in a cost-effective and environmentally friendly manner.
NXT Energy Solutions Inc. (NSFDF) will announce its first quarter 2021 financial results on May 11, 2021, after market close. A conference call is scheduled for May 12, 2021, at 4:30 p.m. ET to discuss these results. Participants can join the call by dialing 1-855-783-0506 using Conference ID 9463018. The results will be available on SEDAR and EDGAR, as well as on NXT's official website. NXT specializes in SFD® survey technology to identify exploration potential, offering reduced time, costs, and risks for clients in the energy sector.
NXT Energy Solutions Inc. has acquired the rights to geothermal resources for its SFD® technology from CEO George Liszicasz. This acquisition is seen as timely due to the shift toward renewable energy. The SFD® technology, which enhances drilling success rates while minimizing environmental impact, received patent protection in 44 countries. The deal includes an immediate payment of $40,000 and 300,000 common shares, with additional milestone payments contingent on future financial targets. Liszicasz's stake in the company will increase to 23.7% following the share issuance.
NXT Energy Solutions Inc. (NSFDF) reported its 2020 financial results, revealing a net loss of $6.00 million, a decrease in revenues to $0.14 million from survey activities, and cash and short-term investments amounting to $3.03 million. Q4-20 net loss was $1.69 million, despite a 26% decrease in general and administrative expenses due to government subsidies. The company has seen progress in contract opportunities, particularly in Nigeria, East-Central Africa, Mexico, Asia, and South America, hinting at potential future growth as commodity prices stabilize.
NXT Energy Solutions Inc. (NSFDF) will release its 2020 financial and operating results on March 30, 2021, after market close. A conference call is scheduled for March 31, 2021, at 11:00 a.m. Eastern Time to discuss these results. The financial documents will be accessible on SEDAR and EDGAR, and also on NXT's website. NXT is a Calgary-based technology company specializing in a proprietary survey system that identifies hydrocarbon exploration potential, aiding clients in reducing costs and risks.
NXT Energy Solutions Inc. (OTCQB:NSFDF) will present at the LD 500 Virtual Conference on September 3, 2020, at 1:40 PM MDT. CEO George Liszicasz and CFO Eugene Woychyshyn will engage with a live audience and conduct 1-on-1 investor meetings via secure video conference. The conference runs from September 1-4, 2020. NXT’s proprietary SFD® survey system efficiently identifies exploration potential in hydrocarbons, minimizing environmental impact and maximizing resource allocation. For registration and more details, visit their official site.