Victory Oilfield Tech, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
February 09, 2021 at 06:07 am EST
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Victory Oilfield Tech, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 2.204 million compared to USD 1.034 million a year ago. Operating loss was USD 3.399 million compared to USD 27.336 million a year ago. Net loss was USD 3.530 million compared to USD 27.309 million a year ago. Basic loss per share was USD 0.13 compared to USD 1.28 a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 1.29 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.
VICTORY OILFIELD TECH, INC. 
