Vivakor, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
December 31, 2020 at 05:32 pm EST
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Vivakor, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 392,707. Operating loss was USD 920,497 compared to USD 830,573 a year ago. Net loss was USD 2.368 million compared to USD 1.002 million a year ago. Basic loss per share was USD 0.01. Basic loss per share from continuing operations was USD 0.01. For the nine months, sales was USD 1.416 million. Operating loss was USD 2.575 million compared to USD 1.958 million a year ago. Net loss was USD 1.470 million compared to USD 1.501 million a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Vivakor, Inc. is a clean energy technology company. The Company is an operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions. The Company is primarily focused on operating crude oil gathering, storage and transportation facilities, as well as contaminated soil remediation services. Its soil remediation services specialize in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. Its technologies include Hydrocarbon Extraction Technology, Automation and Machine Learning, and Hydrocarbon Upgrading Technologies. The Hydrocarbon Extraction Technology is aimed at remediating contaminated soil and recovering usable hydrocarbons, which is used in its remediation plants, also known as Remediation Processing Centers (RPCs).
VIVAKOR, INC. 
