Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue77¢$15.6M
- Selling, general and admin23¢$4.6M
- Income tax0¢$37.2K
Out of $20.1M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2023
- Kept or used elsewhere100¢$753.9K
Out of $753.9K of cash from operations.2
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $562.1K4 | $265.2K4 | $1.3M5 | $2.8M6 | $80.0K7 | $107.3K7 | $18.8M2 | $20.1M2 |
| Cost of revenue | $45.5K4 | $112.2K8 | $703.3K5 | $1.2M6 | $47.9K7 | $38.5K7 | $13.4M2 | $15.6M2 |
| Gross profit | $516.6K4 | $153.0K8 | $605.5K5 | $1.7M6 | $32.1K7 | $68.8K7 | ||
| Research and development | $04 | $12.7K8 | $05 | $05 | $2.6K7 | $07 | ||
| Selling, general and admin | $7.8M2 | $4.6M2 | ||||||
| Operating expenses | $835.5K7 | $24.5M2 | $31.8M2 | |||||
| Operating income | -$420.0K4 | -$816.0K8 | -$472.8K5 | $611.7K6 | -$1.0M7 | -$766.7K7 | -$5.8M2 | -$11.7M2 |
| Interest | $24.4K4 | $33.3K8 | $24.0K5 | $17.6K6 | $10.4K7 | $14.9K7 | ||
| Income before tax | $4.9M2 | -$13.0M2 | ||||||
| Income tax | $85.0K2 | $37.2K2 | ||||||
| Net income | -$535.8K4 | $2.1M8 | -$496.9K5 | $594.0K6 | -$1.0M7 | -$714.1K7 | $4.8M2 | -$13.3M2 |
| Earnings per share | -$0.024 | $0.068 | -$0.015 | $0.176 | -$0.247 | -$0.147 | $0.092 | -$0.202 |
| Earnings per share (diluted) | -$0.024 | $0.058 | -$0.015 | $0.136 | -$0.247 | -$0.147 | ||
| Shares (weighted, basic) | 5.0M shares7 | 52.0M shares2 | 65.4M shares2 | |||||
| Shares (weighted, diluted) | 5.0M shares7 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash | $41.0K8 | $1.0M5 | $1.2M6 | $674.8K7 | $336.6K7 | $11.7K7 | $574.2K2 | |
| Receivables | $8.4K7 | $164.4K2 | $146.8K2 | |||||
| Inventory | $114.2K7 | |||||||
| Current assets | $119.3K4 | $1.4M8 | $1.8M5 | $1.1M6 | $463.2K7 | $139.1K7 | $646.2K2 | $1.3M2 |
| Property, plant and equipment | $7.3K7 | $2.5M2 | $686.3K2 | |||||
| Goodwill | $4.9M2 | $02 | ||||||
| Intangible assets | $1.7M2 | $02 | ||||||
| Total assets | $140.4K4 | $1.8M8 | $2.2M5 | $1.7M6 | $985.9K7 | $310.3K7 | $10.1M2 | $2.3M2 |
| Accounts payable | $373.7K2 | $229.3K2 | ||||||
| Short-term debt | $572.6K2 | $02 | ||||||
| Current liabilities | $2.2M4 | $1.5M8 | $2.4M5 | $1.1M6 | $1.2M7 | $1.3M7 | $2.3M2 | $3.0M2 |
| Long-term debt | $407.3K4 | $332.6K8 | $251.2K5 | $190.1K6 | $67.5K2 | $02 | ||
| Long-term liabilities | $251.4K7 | $239.9K2 | $377.8K2 | |||||
| Total liabilities | $2.2M4 | $1.8M8 | $2.6M5 | $1.5M6 | $1.7M7 | $1.6M7 | $2.5M2 | $3.3M2 |
| Retained earnings | -$16.6M7 | -$2.8M2 | -$16.0M2 | |||||
| Shareholders’ equity | -$2.1M8 | -$6.1K5 | -$388.0K6 | $206.1K7 | -$681.3K7 | -$1.2M7 | $7.6M2 | -$1.0M2 |
| Shares outstanding | 33.5M shares4 | 33.5M shares8 | 35.8M shares5 | 3.6M shares6 | 5.0M shares7 | 5.6M shares7 | 5.6M shares7 | 78.3M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$32.7K4 | $1.1M8 | $264.1K5 | -$485.2K6 | -$541.2K7 | -$499.5K7 | $1.6M2 | $753.9K2 |
| Depreciation and amortization | $783.3K2 | $10.4M2 | ||||||
| Capital spending | $109.9K8 | $8.2K7 | ||||||
| Free cash flow | $969.5K | -$549.5K | ||||||
| Cash from investing | $275.0K7 | $02 | $483.3K2 | |||||
| Cash from financing | -$100.3K7 | -$1.8M2 | -$762.4K2 |
What it owns
What WOLF ENERGY SERVICES INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.0M2 Mar 31, 2023 | $3.4M2 Mar 31, 2022 | −39.3% |
| Accumulated depreciation | $1.3M2 Mar 31, 2023 | $844.4K2 Mar 31, 2022 | +59.6% |
| Property and equipment, net | $686.3K2 Mar 31, 2023 | $2.5M2 Mar 31, 2022 | −72.6% |
| Finance-lease assets | $02 Mar 31, 2023 | $301.1K2 Mar 31, 2022 | −100.0% |
| Operating-lease assets (leased space) | $297.7K2 Mar 31, 2023 | $64.1K2 Mar 31, 2022 | +364.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $574.2K2 Mar 31, 2023 | $11.7K7 Dec 31, 2021 | +4791.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $02 Mar 31, 2023 | $4.9M2 Mar 31, 2022 | −100.0% |
| Intangible assets, net (excluding goodwill) | $02 Mar 31, 2023 | $1.7M2 Mar 31, 2022 | −100.0% |
| Finite-lived intangibles, gross | $2.4M2 Mar 31, 2023 | $2.4M2 Mar 31, 2022 | 0% |
| Accumulated amortization | $2.4M2 Mar 31, 2023 | $633.7K2 Mar 31, 2022 | +270.9% |
| Finite-lived intangibles, net | $02 Mar 31, 2023 | $1.7M2 Mar 31, 2022 | −100.0% |
| Customer relationships, net | $2.1M2 Mar 31, 2023 | $2.1M2 Mar 31, 2022 | 0% |
Inventory
Leadership
Who has led WOLF ENERGY SERVICES INC., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- Chief executive officerJay M. Puchir Sep 16, 2022 to Sep 16, 202212
- Chief executive officerJimmy Ray Galla Sep 16, 2022 to Dec 12, 202213
- Chief executive officerJohn Dibella Dec 27, 2011 to Dec 30, 202214
- Chief executive officerAlberto Dibella Jun 23, 2009 to Jun 23, 200915
- PresidentJay M. Puchir Sep 16, 2022 to Sep 16, 202212
- Chief financial officerJimmy Ray Galla Sep 16, 2022 to Dec 12, 202213
- Chief financial officerJohn Dibella Jun 1, 2018 to Aug 29, 202216
Board members and other officers (5)
- Board memberJimmy Don Reedy Sep 16, 2022 to Sep 16, 202217
- Board memberJimmy Ray Galla Sep 16, 2022 to Dec 12, 202213
- Board memberRaynard Veldman Sep 5, 2014 to Aug 29, 202218
- Board memberJohn Dibella Dec 27, 2011 to Aug 29, 202214
- Board memberAlberto Dibella Jun 23, 2009 to Jun 23, 200915
Former names
Timeline
- Aug 3, 20238-K Executive or director change19
- Apr 18, 20238-K Bylaws or fiscal year changed20
- Apr 3, 20238-K Entered a material agreement; New debt or obligation21
- Feb 1, 20238-K Bylaws or fiscal year changed; Other events22
- Jan 17, 20238-K Bylaws or fiscal year changed; Other events23
- Dec 30, 20228-K Other events24
- Dec 29, 20228-K Unregistered sale of shares; Other events25
- Dec 19, 20228-K Other events26
- Dec 12, 20228-K Executive or director change27
- Nov 17, 20228-K Executive or director change28
- Oct 31, 20228-K Financial statements and exhibits29
- Oct 11, 20228-K Executive or director change30
- Sep 16, 2022New chief executive Jimmy Ray Galla becomes CEO13
- Sep 16, 2022New chief executive Jay M. Puchir becomes CEO12
- Dec 27, 2011New chief executive John Dibella becomes CEO14
- Jun 23, 2009New chief executive Alberto Dibella becomes CEO15
Filings
45 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 17 major events, 12 insider forms, 1 large holders, 7 other. The latest 20:
- Jan 16, 2024SEC STAFF ACTION EDGAR
- Aug 21, 202310-Q EDGAR
- Aug 15, 2023NT 10-Q EDGAR
- Aug 3, 20238-K EDGAR
- Jun 26, 202310-K EDGAR
- Apr 18, 20238-K EDGAR
- Apr 3, 20238-K EDGAR
- Mar 10, 2023S-1 EDGAR
- Feb 7, 202310-Q EDGAR
- Feb 1, 20238-K EDGAR
- Jan 17, 20238-K EDGAR
- Jan 10, 2023DEF 14C DEFINITIVE INFORMATION STATEMENT EDGAR
- Dec 30, 20228-K EDGAR
- Dec 30, 20224 EDGAR
- Dec 30, 2022PRE 14C PRELIMINARY INFORMATION STATEMENT EDGAR
- Dec 29, 20228-K CURRENT REPORT EDGAR
- Dec 19, 20228-K CURRENT REPORT EDGAR
- Dec 12, 20224 EDGAR
- Dec 12, 20228-K CURRENT REPORT EDGAR
- Nov 17, 20228-K CURRENT REPORT EDGAR
The 45 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
1 such filings since October 2021:
- Sep 16, 2022SC 13D
SEC filer profile
How WOLF ENERGY SERVICES INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWOLF ENERGY SERVICES INC.1
- CIK0001043894
- Employer ID (EIN)65-07428901
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Fiscal year endsMarch 311
- Industry code (SIC)3559 Special Industry Machinery, NEC1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address408 State Hwy 135N, Kilgore, TX 756621
- Phone903-392-09481
- Shares outstanding78,268,332 as of Aug 17, 202311
- Public float$1.3M as of Sep 30, 20222
- On EDGAR sinceSep 24, 19991
- Filings269 in all: 10-Q (47), 8-K (44), 10QSB (24), 4 (24), NT 10-Q (23), NT 10-K (19), 10-K (15), 10KSB (9)1
All 36 form types
3 (8), 10QSB/A (6), UPLOAD (5), 10-Q/A (4), 10SB12G/A (4), S-1/A (4), 10KSB/A (3), 8-K/A (3), REGDEX (3), 10SB12G (2), 3/A (2), DEF 14A (2), PRE 14A (2), SB-2/A (2), 10-K/A (1), 424B3 (1), CORRESP (1), D (1), DEF 14C (1), DEFA14A (1), EFFECT (1), PRE 14C (1), RW (1), S-1 (1), SB-2 (1), SC 13D (1), SC 14F1 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Jun 26, 2023
Quarterly report (10-Q) Aug 21, 2023
Proxy statement (DEF 14A) Jul 7, 2020
Latest 8-K (8-K) Aug 3, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARJimmy Don Reedy, Board member
- 18SEC EDGARRaynard Veldman, Board member
- 19SEC EDGARExecutive or director change
- 20SEC EDGARBylaws or fiscal year changed
- 21
- 22
- 23
- 24SEC EDGAROther events
- 25
- 26SEC EDGAROther events
- 27SEC EDGARExecutive or director change
- 28SEC EDGARExecutive or director change
- 29SEC EDGARFinancial statements and exhibits
- 30SEC EDGARExecutive or director change