Aly Energy Services, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months period, the company reported revenues of $23,080,000 compared to $27,851,000 a year ago. Operating loss was $4,975,000 compared to operating income of $4,396,000 a year ago. Loss before income tax was $6,379,000 compared to income before income tax of $3,505,000 a year ago. Net loss available to common stockholders was $4,474,000 or $0.79 per basic and diluted share compared to net income available to common stockholders of $1,845,000 or $0.37 per basic and diluted share a year ago. Net cash provided by operating activities was $4,074,000 compared to $1,086,000 a year ago. Purchase of property and equipment was $1,353,000 compared to $10,245,000 a year ago. Adjusted EBITDA decreased 87.8% in the first nine months of 2015 to $1.0 million compared to $7.9 million for the first nine months of 2014.