otc - OTC STOCK NEWS

Energy Services of America (Nasdaq: ESOA) announced the acquisition of Heritage Painting by its subsidiary, Nitro Construction Services. The acquisition expands Energy Services' reach in West Virginia and neighboring regions, enhancing their service offerings to the industrial, commercial, fabrication, and oil and gas sectors. Heritage Painting specializes in fabricated pipe, large natural gas valves, commercial painting, and floor coatings. CEO Douglas Reynolds highlighted Heritage's strong customer service and safety record as key alignments with Energy Services' values.

Butler National's subsidiary, Avcon Industries, obtained FAA Supplemental Type Certificate approval for dual camera ports and a 'Special Mission Pod' on Textron/Cessna Model 208 and 208B Caravans. The modifications allow approximately 80 cubic feet of additional space for sensors, cameras, and radars. The pod and dual camera ports enhance operational capabilities and versatility for special missions. The 'Special Mission Pod' starts at $225,000, while the dual camera port modification starts at $248,000. Avcon aims to expand its special mission modifications to more aircraft models.

Energy Services of America (Nasdaq: ESOA) will present at the 14th Annual East Coast IDEAS Investor Conference on June 13, 2024, at Jay Conference – Bryant Park, New York, NY. The presentation by the company is scheduled to begin at 11:30am ET. Participants can access the webcast through the conference host's main website or the company's website.

Peoples Financial , the parent company of The Peoples Bank, announced a semi-annual cash dividend of $0.18 per common share, payable on June 10, 2024, to shareholders recorded by June 5, 2024. Chairman and CEO Chevis C. Swetman highlighted the company's financial improvement and commitment to returning earnings to shareholders. Founded in 1896, the bank operates 17 branches along the Mississippi Gulf Coast and offers various banking and financial services. The company recently celebrated its third-best year of earnings and was ranked among the 2024 OTCQX Best 50.

International Isotopes (OTCQB: INIS) announced its fiscal Q1 2024 results, revealing a 6% decline in revenue to $2.90M from $3.09M in Q1 2023 due to global Cobalt-57 isotope shortages. Nonetheless, the Theranostics Products segment experienced an 8% revenue growth, and the Cobalt Products segment saw a 48% increase. Gross profit rose by 5% to $1.87M, while the net loss widened slightly to $154K from $148K in Q1 2023. Operating income also decreased by 80%. Cash and cash equivalents decreased to $2.37M from $2.69M at the end of 2023. Despite isotope constraints, the company anticipates growth in the Nuclear Medicine segment by late Q3 2024 and plans to commercialize new Medical Devices later this year.

Trucept (DBA Afinida) reported a notable financial performance for Q1 2024, with significant increases in both revenue and gross profit. Net revenue rose by 21%, reaching $4,952,143 compared to $4,092,027 in Q1 2023. Gross profit saw a 31% increase, totaling $3,411,530 versus $2,607,352 the previous year.

The company's current ratio also improved to 1.07 from 1.0. CEO Norman Tipton attributes this success to strategic investments in technology and a focus on client-centric services, enhancing operational efficiencies and customer satisfaction. Afinida's service portfolio includes marketing, insurance, payroll, HR, accounting, and risk management solutions.

This robust financial performance underscores Afinida's commitment to sustainable growth and delivering shareholder value.

Energy Services of America (Nasdaq: ESOA) reported revenue of $71.1 million, a 33% increase, and a gross profit of $6.2 million, a 60% increase for the fiscal second quarter ended March 31, 2024. The net loss improved by $765,000 to $1.1 million, or ($0.07) per share, and adjusted EBITDA improved by $1 million to $923,000. The backlog stood at $222.8 million, showing growth compared to the prior quarter.

The Company's positive financial results were driven by increased work in Gas & Petroleum Transmission and Electrical, Mechanical, and General business lines. Despite higher selling and administrative expenses due to additional personnel, the Company remains optimistic about future growth opportunities given the strong industry outlook and robust backlog.

Adjusted EBITDA for the quarter was $922,930, reflecting the Company's cash-generating activity. Energy Services of America remains committed to safety, quality, and production, serving customers in various industries with over 1,000 employees.

International Isotopes Inc. (INIS) reports a 10% revenue increase in the twelve months ended December 31, 2023, reaching $12.3 million, the highest in company history. Gross profit rose by 17%, with a $1.1 million increase. Despite a net loss of $869,016 due to a one-time gain in 2022, cash and equivalents improved to $2.7 million. The Theranostics Products segment saw a 13% revenue increase, while Nuclear Medicine Products revenue grew by 10%. Cobalt Products revenue decreased by 10%, and the addition of Medical Devices segment is planned for Q2 2024.

Horizon Group Properties (OTC: HGPI.pk) acquires Lincoln City Outlets for $35.25 million, enhancing its portfolio with a popular shopping destination in Oregon. The center features over 50 retail stores, restaurants, and venues, including renowned brands like Nike, Coach, and North Face. The acquisition aligns with Horizon's strategy of targeting strong tourist destinations, aiming to leverage its expertise in retail operations to drive growth.