Enservco Corp
Energy · Oil & Gas Field Services, NEC · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $22.1M | $21.6M | $15.3M | $15.7M | $43.0M | $42.8M |
| Operating income | −$6.6M | −$8.4M | −$11.4M | −$12.7M | −$3.6M | −$1.4M |
| Net income | −$8.5M | −$5.6M | −$8.1M | −$2.5M | −$7.7M | −$5.9M |
| Total assets | $13.9M | $19.8M | $25.1M | $30.2M | $43.0M | $49.0M |
| Total liabilities | $14.4M | $18.7M | $19.8M | $27.6M | $45.7M | $44.4M |
| Equity | −$572,000 | $1.2M | $5.3M | $2.6M | −$2.7M | $4.6M |
| EPS (diluted) | $-0.42 | $-0.48 | $-0.74 | $-0.60 | — | — |
| Shares out. | 15.8M | 11.5M | 11.3M | 55.6M | 54.4M | 51.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −29.9%
- Net margin
- −38.6%
- Return on equity
- 1489.0%
- Return on assets
- −61.4%
- Return on capital (ROCE)
- −171.8%
- Liabilities / assets
- 104.1%
- Debt / equity
- —
- Book value / share
- $-0.04
- Revenue growth (YoY)
- 1.9%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -16.95distress
- Accruals / assets
- −45.9%clean
- Beneish M-Score
- -5.05normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Qmissed a reporting deadline ↗Aug 12, 2022
- NT 10-Qmissed a reporting deadline ↗May 16, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Kmissed a reporting deadline ↗Sep 29, 2010
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Star Equity Fund, LpActivist (13D)Aug 26, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Herlin Robert SDirector | Jun 20, 2024 | Grant | 225,225 | $0.00 |
| Chesser KevinDirector | Jun 20, 2024 | Grant | 225,225 | $0.00 |
| Jolly William ADirector | Jun 20, 2024 | Grant | 225,225 | $0.00 |
| Chesser KevinDirector | Apr 11, 2024 | Grant | 10,122 | $0.00 |
| Chesser KevinDirector | Apr 4, 2024 | Grant | 119,048 | $0.00 |
| Jolly William ADirector | Apr 4, 2024 | Grant | 119,048 | $0.00 |
| Weyel Steve ADirector | Apr 4, 2024 | Grant | 119,048 | $0.00 |
| Herlin Robert SDirector | Apr 4, 2024 | Grant | 119,048 | $0.00 |
| Jolly William ADirector | Apr 7, 2023 | Grant | 18,405 | $0.00 |
| Herlin Robert SDirector | Apr 7, 2023 | Grant | 18,405 | $0.00 |
| Chesser KevinDirector | Apr 7, 2023 | Grant | 42,452 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Director / officer changeMar 14, 2025
- Debt acceleration / triggering event · Director / officer changeDec 13, 2024
- Entered a material agreement · New financial obligation · Debt acceleration / triggering event · Other material eventNov 1, 2024
- Entered a material agreement · Results of operations · Shareholder voteAug 22, 2024
- Entered a material agreement · Completed an acquisition or disposition · New financial obligation · Unregistered equity sale · Modified shareholder rights · Director / officer change · Amended charter or bylaws · Other material eventAug 12, 2024
- Shareholder voteJun 26, 2024
- Entered a material agreement · Delisting / listing-standard notice · Unregistered equity saleJun 13, 2024
- Results of operations · Other material eventMay 17, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13D/AAug 26, 2025
- 8-KFORM 8-KMar 14, 2025
- 10-QFORM 10-QDec 30, 2024
- 8-KFORM 8-KDec 13, 2024
- SC 13D/ADec 10, 2024
- 25-NSENov 19, 2024
- SC 13G/ANov 14, 2024
- NT 10-QFORM NT 10-QNov 14, 2024
- 8-KFORM 8-KNov 1, 2024
- SC 13G/AOct 22, 2024
- 8-KFORM 8-KAug 22, 2024
- SC 13DAug 16, 2024
- 10-QFORM 10-QAug 14, 2024
- 8-K/AFORM 8-K/AAug 13, 2024
- 8-KFORM 8-KAug 12, 2024
Event-driven situations (3)
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