Energy Services of America CORP Q1 2025 Update
Ticker: ESOA · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 1357971
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, equity
TL;DR
ESOA Q1 24 financials out, showing equity changes. Check retained earnings.
AI Summary
Energy Services of America CORP filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of their fiscal year, which began on October 1, 2024. Key financial statement components like Additional Paid-In Capital, Common Stock, Treasury Stock, and Retained Earnings are detailed for the periods ending December 31, 2024, September 30, 2024, and December 31, 2023.
Why It Matters
This 10-Q filing provides investors with a quarterly update on Energy Services of America CORP's financial health, detailing changes in equity accounts.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant negative developments.
Key Numbers
- 2024-12-31 — Period End Date (Latest financial reporting date)
- 2024-10-01 — Period Start Date (Beginning of the fiscal quarter)
Key Players & Entities
- Energy Services of America CORP (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of reporting period
- 2024-10-01 (date) — Start of reporting period
- 0001357971 (company) — Central Index Key for Energy Services of America CORP
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides a quarterly update on the financial condition and results of operations for Energy Services of America CORP for the period ending December 31, 2024.
Which fiscal quarter does this report cover?
This report covers the first quarter of the fiscal year, which began on October 1, 2024, and ended on December 31, 2024.
What are some of the key financial statement components detailed in the filing?
The filing details components such as Additional Paid-In Capital, Common Stock, Treasury Stock, and Retained Earnings.
What are the dates for which financial data is presented?
Financial data is presented for the periods ending December 31, 2024, September 30, 2024, and December 31, 2023.
What is the company's fiscal year end?
The company's fiscal year ends on September 30.
Filing Stats: 4,275 words · 17 min read · ~14 pages · Grade level 15.2 · Accepted 2025-02-10 16:31:34
Key Financial Figures
- $0.0001 — ch Registered Common Stock, Par Value $0.0001 ESOA The Nasdaq Stock Market LLC
Filing Documents
- esoa-20241231x10q.htm (10-Q) — 1907KB
- esoa-20241231xex31d1.htm (EX-31.1) — 12KB
- esoa-20241231xex31d2.htm (EX-31.2) — 12KB
- esoa-20241231xex32.htm (EX-32) — 11KB
- 0001410578-25-000104.txt ( ) — 8088KB
- esoa-20241231.xsd (EX-101.SCH) — 56KB
- esoa-20241231_cal.xml (EX-101.CAL) — 68KB
- esoa-20241231_def.xml (EX-101.DEF) — 151KB
- esoa-20241231_lab.xml (EX-101.LAB) — 424KB
- esoa-20241231_pre.xml (EX-101.PRE) — 303KB
- esoa-20241231x10q_htm.xml (XML) — 1663KB
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited): Consolidated Balance Sheets 2 Consolidated Statements of Income 3 Consolidated Statements of Cash Flows 4 Consolidated Statements of Changes in Shareholders' Equity 5 Notes to Unaudited Consolidated Financial Statements 6
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 36
: Other Information
Part II: Other Information
Legal Proceedings
Item 1. Legal Proceedings 37
Risk Factors
Item 1A. Risk Factors 37
Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities 37
Other Information
Item 5. Other Information 37
Exhibits
Item 6. Exhibits 38
Signatures
Signatures 39 1 Table of Contents Part 1. Financial Information
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited): Energy Services of America Corporation Consolidated Balance Sheets Unaudited December 31, September 30, 2024 2024 Assets Current assets Cash and cash equivalents $ 20,348,422 $ 12,926,036 Accounts receivable-trade 64,644,803 56,802,844 Allowance for doubtful accounts ( 716,276 ) ( 738,526 ) Retainage receivable 15,207,302 11,704,281 Other receivables 2,766,219 1,047,952 Contract assets 19,499,892 24,595,792 Prepaid expenses and other 3,102,649 4,088,550 Total current assets 124,853,011 110,426,929 Property, plant and equipment, at cost 107,811,372 91,885,621 less accumulated depreciation ( 54,541,566 ) ( 53,749,907 ) Total fixed assets 53,269,806 38,135,714 Right-of-use assets-operating leases 2,616,335 2,531,227 Intangible assets, net 3,934,713 3,065,576 Goodwill 7,428,761 4,087,554 Total assets $ 192,102,626 $ 158,247,000 Liabilities and shareholders' equity Current liabilities Current maturities of long-term debt $ 10,074,218 $ 6,372,915 Current maturities of lines of credit and short term borrowings 10,317,818 10,292,676 Current maturities of operating lease liabilities 1,102,801 907,503 Accounts payable 26,827,002 23,673,659 Accrued expenses and other current liabilities 10,301,722 13,855,533 Contract liabilities 22,529,946 16,950,988 Income tax payable 2,293,580 2,195,278 Total current liabilities 83,447,087 74,248,552 Long-term debt, less current maturities 39,224,530 17,187,992 Long-term operating lease liabilities, less current maturities 1,515,236 1,625,424 Deferred tax liability 6,869,060 6,490,888 Total liabilities 131,055,913 99,552,856 Shareholders' equity Common stock, $ .0001 par value Authorized 50,000,000 shares, 17,995,185 issued and 16,705,457 outstanding at December 31, 2024 and 17,860,413 issued and 16,570,685 outstanding at September 30, 2024 1,803