Mon, May 12, 10:08 AM (32 days ago)
### Summary of Camber Energy, Inc. (CEIN) **Financial Performance:** - **Revenue:** $28,610,567 for the year ended December 31, 2024, a decrease of 9% from $32,054,323 in 2023. - **Net Loss:** $70,259,894 for 2024, compared to $18,535,067 in 2023. - **Operating Expenses:** $39,793,711 for 2024, a 2% increase from $39,048,688 in 2023. - **Earnings per Share:** Not explicitly stated, but the net loss indicates a significant financial challenge. **Strategic Overview:** - **Business Segments:** Two reportable segments: Oil & Gas and Power Generation. - **Key Subsidiaries:** Viking Energy Group, Simson-Maxwell, Viking Ozone, Viking Sentinel, and Viking Protection. - **Intellectual Property:** Licenses and patents related to clean energy, carbon-capture systems, medical waste disposal, and broken conductor protection technologies. **Future Outlook:** - **Growth Initiatives:** Focus on expanding Simson-Maxwell's business and exploring other energy-related opportunities. - **Financial Condition:** Significant stockholders’ deficit of $37,819,657 and long-term debt of $40,483,795 as of December 31, 2024. - **Market Position Changes:** Delisted from NYSE American and now trading on OTCQB Venture Market. **Risk Factors:** - **Operational Risks:** Dependence on key personnel, cybersecurity threats, and regulatory challenges. - **Financial Risks:** High leverage, potential dilution from convertible securities, and dependence on external financing. - **Market Risks:** Volatility in stock price, dependence on economic conditions, and competition. **Financial Condition:** - **Liquidity:** Significant working capital deficiency of $17,655,810. - **Debt:** High levels of long-term debt and potential default risks. - **Equity:** Authorized but unissued shares may cause substantial dilution. **Market Position Changes:** - **Delisting:** From NYSE American to OTCQB Venture Market. - **Stock Performance:** Volatile market with significant fluctuations in stock price. **Amendments:** - **Simson-Maxwell Transaction:** Deconsolidation of Simson-Maxwell, reducing Viking's ownership to 49%. - **FK Venture LLC Agreement:** Restructuring of debt with FK Venture LLC. - **Viking Ozone Technology Promissory Notes:** Issuance of promissory notes to accredited investors.