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For the nine months ended 30 September 2020, NewWest Energy Services Inc. revenues decreased 66% to C$2.3M.Net loss before extraordinary items increased from C$237Kto C$659K. Revenues reflect a decrease in demand for theCompany's products and services due to unfavorable marketconditions. Higher net loss reflects Interest on long termincrease from C$43K to C$210K (expense), Depreciationincrease of 23% to C$388K (expense).
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Revenue | 0.35 | 0.08 | 1.89 | 8.19 |
Gross Profit | 0.16 | 0.05 | 0.69 | 2.97 |
Operating Income | -0.37 | -0.35 | 0.06 | 0.01 |
Net Income | -0.37 | -0.36 | 0.04 | -2.45 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Assets | 2.02 | 2.09 | 3.37 | 3.18 |
Total Liabilities | 6.08 | 5.78 | 6.7 | 6.55 |
Total Equity | -4.06 | -3.69 | -3.33 | -3.37 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 0.33 | 0.69 | 0.02 | 1.39 |
Cash From Investing Activities | 0 | 0 | 0 | -0.14 |
Cash From Financing Activities | -0.37 | -0.61 | 0.06 | -1.31 |
Net Change in Cash | -0.04 | 0.09 | 0.08 | -0.06 |
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