Victory Oilfield Tech, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
July 16, 2021 at 12:15 pm EDT
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Victory Oilfield Tech, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 222,358 compared to USD 545,104 a year ago. Operating loss was USD 247,259 compared to USD 134,782 a year ago. Net loss was USD 273,049 compared to USD 119,742 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Victory Clean Energy, Inc., formerly Victory Oilfield Tech, Inc., is a green hydrogen energy company. It is engaged in developing and implementing clean, sustainable low-cost energy solutions with applications across various industries, including transportation, power generation, and industrial processes. Its TrueGreen Hydrogen production solutions provide clean, reliable, and cost-effective energy sources to a diverse range of clients. TrueGreen Hydrogen focuses on decarbonization in heavy transportation and industrial hydrogen markets. Its hydrogen production technology uses completely sustainable and renewable biomass to produce green hydrogen. Its Net Zero Energy Group specializes in providing sustainable and renewable energy solutions, offering both hydrogen energy solutions derived from renewable sources and completely sustainable prime power generated from biomass. Its Biomass Development Group, LLC, specializes in the cultivation, processing, and distribution of biomass.