Welcome to our dedicated page for Nxt Energy news (Ticker: NSFDF), a resource for investors and traders seeking the latest updates and insights on Nxt Energy stock.
NXT Energy Solutions Inc. (NSFDF) is a leader in airborne geophysical survey technology, specializing in proprietary SFD® systems that transform hydrocarbon and geothermal exploration. This page serves as the definitive source for company developments, offering investors and industry professionals timely updates on strategic initiatives and technological breakthroughs.
Access comprehensive coverage of NSFDF's operational milestones, including SFD® survey deployments, partnership announcements, and financial performance. Our curated news feed delivers essential insights into how the company's quantum sensor technology reduces exploration risks while optimizing land assessment strategies across diverse geological regions.
Key updates include advancements in gravitational detection methodologies, global project expansions, and analyses of the SFD® system's role in modern energy exploration. All content is rigorously verified to ensure alignment with regulatory standards and investor information needs.
Bookmark this resource for direct access to NSFDF's latest press releases and expert analyses. Regularly updated content provides stakeholders with the critical data required to monitor this innovator's progress in reshaping subsurface exploration efficiency.
NXT Energy Solutions Inc. (NSFDF) reported its Q3 2021 financial results, indicating a net loss of CAD 1.43 million, with no survey revenue recorded in the quarter. Cash and short-term investments totaled CAD 2.80 million, with working capital at CAD 4.03 million. Despite no revenues from surveys, the company highlighted ongoing discussions with geothermal firms and hydrocarbon opportunities in multiple regions. General and administrative expenses saw a 3% increase from Q3 2020, attributed to higher subsidies and compensation costs. The CEO expressed optimism due to rising global energy demand.
NXT Energy Solutions Inc. (NSFDF) will release its third quarter 2021 financial results on November 15, 2021, after market close. A conference call to discuss these results is scheduled for November 16, 2021, at 4:30 p.m. Eastern Time. The financial results will be available on SEDAR and EDGAR following their release. NXT specializes in utilizing its proprietary SFD® survey system for efficient hydrocarbon exploration by detecting gravity field perturbations.
NXT Energy Solutions will present at the LD Micro Main Event on October 14, 2021, at 7:30 am PDT / 10:30 am EDT. CEO George Liszicasz and CFO Eugene Woychyshyn will lead the virtual presentation, which can be accessed through NXT's website. This event takes place from October 12 to 14, 2021. NXT specializes in a proprietary SFD® survey system, utilizing advanced technology to identify exploration opportunities effectively.
NXT Energy Solutions Inc. (NSFDF) provided an update on its research and development efforts on September 16, 2021. The company is advancing the SFD-GT geothermal sensor family with advisory support from the National Research Council of Canada. It has successfully tested existing SFD sensors for geothermal applications, indicating acceleration in sensor development. NXT has also enhanced processing algorithms for better integration of SFD data into exploration cycles. Additionally, a patent in India has been granted, increasing the total to 45 countries.
NXT Energy Solutions Inc. (NSFDF) reported Q2-21 survey revenue of $3.14 million, a significant rise from $136,566 in Q2-20. The company achieved net income of $0.02 per share and generated $0.73 million in operating cash flow. Year-to-date results show a break-even net income per share. NXT secured a $1 million HASCAP Loan and decreased general and administrative expenses by 16% compared to Q2-20. The company continues to pursue hydrocarbon survey opportunities and geothermal service discussions, demonstrating optimism for H2 2021.
NXT Energy Solutions announced its participation in the Sidoti August Microcap Conference on August 18, 2021, at 11:30 am EDT. CEO George Liszicasz and CFO Eugene Woychyshyn will present virtually, with the presentation available on August 17 on their website.
Investors can register for one-on-one meetings throughout the conference. NXT provides advanced survey technology to enhance exploration efficiency, utilizing its proprietary SFD® survey system to identify potential resources.
NXT Energy Solutions Inc. (NSFDF) will release its Q2 2021 financial results on August 12, 2021, after market close. A conference call to discuss these results is scheduled for August 16, 2021, at 4:30 p.m. ET. The financial results will be filed on SEDAR and available on NXT’s website. NXT utilizes its proprietary SFD® survey system to identify exploration potential, aiding clients in decision-making related to land commitments and prospect prioritization.
NXT Energy Solutions Inc. (NSFDF) announced receiving up to $50,000 from the National Research Council of Canada for developing its SFD® technology focused on geothermal applications. This funding aims to enhance geothermal sensor response analysis, promoting renewable energy initiatives. CEO George Liszicasz emphasized the technology's potential to improve geothermal project success rates while optimizing costs. Currently used in hydrocarbon exploration, the SFD® technology is environmentally friendly and effective in various geological settings.
NXT Energy Solutions Inc. announced the appointment of Mr. Gerry Sheehan to its Board of Directors, effective July 1, 2021. With over 38 years of experience in oil and gas exploration and development across Africa, South Asia, and Europe, Mr. Sheehan aims to leverage his expertise to foster new market opportunities for NXT's SFD® technology. Previous roles include positions at Tullow Oil and founding Blackstairs Energy. NXT's proprietary SFD® survey system employs quantum-scale sensors for efficient exploration, promising cost reductions and improved environmental compliance.
NXT Energy Solutions Inc. (NSFDF) announced the results of its Annual Meeting of Shareholders held on June 7, 2021. Shareholders re-elected all six incumbent directors to serve until the next meeting. Additionally, KPMG LLP was reappointed as the Company's auditors for the upcoming year. Voting results showed strong support for the directors with percentages over 95%. The Company also announced that CEO George Liszicasz and CFO Eugene Woychyshyn will present at the LD Micro Invitational XI Virtual Event on June 8, 2021.
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