#AIEye #Podcast- GBT’s (OTC: $GTCH) CEO Updates Strategy of Building IP Portfolio and sale of its Avant! #AI #technology

 

 

#AIEye #Podcast- GBT’s (OTC: $GTCH) CEO Updates Strategy of Building IP Portfolio and sale of its Avant! #AI #technology

 

#Stocks discussed: (OTCPINK: $GTCH) (OTCPINK: $TREN) (NYSE: $SNAP) (NYSEAmerican: $GNS) (NYSE: $CRM)

 

Vancouver, Kelowna, Delta, BC – April 18 2023 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) stocks releases a special edition of the AI Eye podcast looking at the significance of intellectual property (IP) and patents in the tech space, featuring AI innovator GBT Technologies Inc. (OTC PINK:GTCH).

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/041723-AI-Eye-GBT.mp3

 

Watch the Video on YouTube:

https://www.youtube.com/watch?v=ROBjekPsJnY

 

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/04181GTCH-Sale-of-Avant.asp

 

Hear the AI Eye on Spotify

 

Investorideas.com recently spoke to Mansour Khitab, CEO of GBT Technologies Inc. (OTC PINK:GTCH), who detailed the company’s progress in amassing a portfolio of Intellectual Property (IP).

 

“We now have 14 patents approved, which means that from last year to this year we’ve increased patent approval by 25 percent,” Khatib said. “And we have 25 [patents] pending [approval], maybe 26 because we’ve just had another advancement. The numbers are always a little bit fluid, but overall I’m really happy with the progress we’re making.”

 

The last time Khatib spoke to Investorideas.com, GBT boasted “10 patents approved, and 26 pending,” indicating a goal of having 20 approved by the end of this year. In that interview, Khatib explained the company’s shift in strategy to focus on Research & Development efforts, comprising "patents, trade secrets and prototypes" with particular focus on 3D Microchip Design (semiconductors), tracking, EDA (Electronic Design Automation) Software Tools, cybersecurity, telehealth, AI, computer vision, IoT, and more.

 

Apart from patent approvals, GBT has also recently announced the sale – through its 50 percent-owned subsidiary GBT Tokenize Corp. – of its Avant! AI technology to Trend Innovation Holdings, Inc. (OTCPINK:TREN). Trend, an AI-based information technology firm, has already announced the successful testing of Avant! AI in a theoretical cybersecurity incident simulation, wherein “Avant! AI proved to have superior capabilities when performing real-time cyber incident analysis.” Natalija Tunevic, the President and CEO of Trend, said:

 

"[Trend Innovation Holdings] plans to continue its efforts to adapt Avant! AI to perform as an intelligent cybersecurity agent so that it can assist organizations with monitoring, identifying, remediating, and recovering from any potential cyber-attacks. By conducting such simulations, organizations can identify weaknesses in their security posture, improve incident response procedures, and ultimately reduce the likelihood of a successful cyberattack."

 

Khatib said the significance of the deal with Trend Innovation Holdings was that it maintained GBT’s ability to license and develop the technology.

 

“The big thing about this deal is that we retain certain rights for the software, so we can use [it] for our own software packages, and that was one of the conditions for this to move ahead,” he said.

 

Khatib explained how Avant! comprises a base system, which GBT maintains, and can have different functionalities built on top of it.

 

“We have an Avant! core package – Avant! AI which we registered as a trademark – which we believe is very comprehensive and very fast,” he said. “It can take massive amounts of data, and work through it very fast. However there are two parts to it, there’s this core system, and what I call its “skins”. The skins are actually the functionalities of it. Say you want to build a stock trader: the core engine will look at all the data for all the stocks in the last 10 years and do the calculations, but now you’d have to build another part on top of it to execute actions etc… “

 

This practice of licensing out software and technology to other firms is demonstrated quite successfully by AI research firm OpenAI, and its chatbot technology ChatGPT. Recently, Snap Inc. (NYSE:SNAP) announced the launch of “My AI,” a new chatbot running the latest version of OpenAI's GPT technology tailored for the former’s Snapchat instant messaging application. The press release reads:

 

My AI can recommend birthday gift ideas for your BFF, plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese for your cheddar-obsessed pal. Make My AI your own by giving it a name and customizing the wallpaper for your Chat.

 

Still another instance of OpenAI’s application is by education technology firm Genius Group Limited (NYSEAmerican:GNS), which recently announced the launch of its Genius AI Educator Suite, combining the AI capabilities of OpenAI’s GPT-3 and GPT-4 with the AI capabilities of Salesforce’s (NYSE:CRM) Einstein AI. Together, these technologies will power Genius Group’s AI Genie Virtual Assistant on its Edtech platform, GeniusU.

 

But with all the pervasiveness of AI, Khatib noted that GBT intends to focus on a wide array of IPs, with which it plans to continue selling and licensing to larger firms.

 

“We want to continue growing our IP portfolio in different areas, and eventually we want larger companies to take interest in some of the portfolio,” he said. “Then, we’d license or sell the technology to them and, with that, create an income stream which we can leverage and make money with. My whole argument about the change in focus to IP was that, because we’re good at building IP, we’re building value much faster for the shareholders and the company than if we had just concentrated on building a little gadget or something and getting into sales etc… I know it’s tough, but now that we’ve made this deal it proves the concept that there are actually companies out there interested in our technology.”

 

“Now we just have to get our other technologies and bring them in front of larger companies and hopefully this will happen by the end of the year,” he said.

 

Listen to other editions of the AI Eye Podcast

https://www.investorideas.com/Audio/Podcasts-AI-Eye.asp

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About GBT Technologies Inc.

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

About Investorideas.com - News that Inspires Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: GTCH is a paid featured monthly AI stock on Investorideas.com More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

Get more Technology stock investor ideas - news, articles, podcasts and stock directories

 

#Tech #Stocks Content Battle - #AI vs Humans (NASDAQ: $ONFO) (NASDAQ: $BZFD) (NASDAQ: $INTU) (NYSE: $GETY) @TeamOnfolio @BuzzFeed @Intuit @Mailchimp @GettyImages

 

Vancouver, Kelowna, Delta, BC –– April 13, 2023 Investorideas.com, a global investor news source covering tech stocks issues a sector alert looking at the online battle between AI and humans for the future of content creation, featuring Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW). Onfolio acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. 

 

Read this article, featuring ONFO in full at: https://www.investorideas.com/news/2023/technology/04131AI-vs-Humans.asp

 

With all the buzz on Chat GPT and its competitors from Google (Bard) and Microsoft (AI Powered Bing) entering the market, the debate and battle is on for the future of content creation, but as the hype fades the limitations of what AI can and cannot do are becoming apparent. As companies bet on the future of content, it is obvious AI will play a key role, but investors can’t underestimate the human potential for creating original content.

 

Betting on the future of organic content creation and storytelling, Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announced in February the completion of the Company’s previously announced asset purchase agreement with Contentellect Limited to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing, pursuant to an agreement entered into on January 13, 2023.

 

From the news: Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Today, 875+ businesses and 65+ agencies rely on Contentellect’s software, which helps small-and medium-sized businesses scale their content with blog writing, link building, and more. The service offering consists of copywriting from a 100+ writer talent pool, and outreach services such as content writing services, website link building services, social media marketing services and virtual assistant services to individuals, businesses and agencies. The content created helps customers by improving organic traffic via search engines, enables them to conduct thought-leadership, and gives sales and marketing teams relevant and usable content at the top and middle of the marketing funnel. Contentellect reported $340,000 of adjusted EBITDA in 2022 (on an unaudited basis).

 

From the news: “We are excited to have completed our acquisition of Contentellect and look forward to capitalizing on the attractive growth opportunities ahead,” said Dominic Wells, CEO of Onfolio. “Since inception, Contentellect has steadily expanded its service offering to assist small-and medium-sized companies reach their growth potential, and we are excited to work with Jason and his team to advance Contentellect’s strategy and unlock value.”

 

From the news: "Contentellect has an enormous opportunity ahead of it as we navigate the content marketing space, especially with the advent of potentially industry-changing AI technology,” said Jason Smit, CEO of Contentellect. “The demand for genuinely great storytelling combined with the expertise to reach the right audiences is only growing, and Contentellect has the tools and know-how to help brands achieve this."

 

Well known content provider BuzzFeed, Inc. (NASDAQ: BZFD) saw their stock rise significantly in late January as they announced they would be incorporating AI into their content creation. The Chat GPT stock frenzy that lifted a lot of related stocks has calmed down and is less volatile as investors settle in and look at results.

 

While the stock was spiking, Yahoo Finance anchors Dave Briggs, Seana Smith and Jared Blikre discussed BuzzFeed's skyrocketing stock amid news the company will be using A.I. to help with creating some content.

 

Video Transcript:

JARED BLIKRE: My triple play is BuzzFeed. The stock was rescued from Penny Stock Hill Thursday to rally 130% and another 100% today at the highs. The organization known for memes, that's hanging its head on AI with the likes of Chat GPT. And hold there a second. I'm going get you up a chart of BuzzFeed on the Wi-Fi interactive. Here is the stock today. But here is a max chart. And you can see from that $10 SPAC level, it's been down ever since, except for very, very recently. So we'll have to see if this latest gambit pays off.

 

Now, the Chat GPT going to be writing polls and quizzes for viewers. We learned that from an email by publisher Jonah Peretti to staff. That was yesterday. Separately today, Journal reporting that BuzzFeed is partnering with Meta to Corral content creators. Now does this deal make sense? Going to be difficult to say. But I got my money on Jonah here. I think it's a kind of-- I think it's a perfect fit for him. I'm not in favor of AI writing in-depth feature length articles here. But for BuzzFeed, where else are they going to go?

 

DAVE BRIGGS: I don't think it's going to be writing in-depth articles. Jonah has said that newsroom journalism will still be done by human beings. I think this is a win-win without a doubt, Jared. I'm just curious, can you really even get close to justifying that kind of a stock surge? This is really a tweak to what BuzzFeed does. It's not a massive overhaul. It's not massive spending cuts. It's trading, to me, almost like, and you mentioned earlier, a meme stock. That type of rise doesn't make sense, given a subtle tweak to AI.

 

This week, Intuit Mailchimp (Nasdaq: INTU), and its email marketing and automation launched Email Content Generator (beta), which provides GPT AI technology to allow customers to create marketing email campaigns based on industry, marketing intent, and brand voice. Email Content Generator is part of a suite of AI-powered features within Mailchimp, and this latest release represents the next step in Mailchimp’s goal to transform email marketing for small and mid-size businesses.

 

From the News: "We’re on a mission to make Mailchimp the only place where marketers can effortlessly create content optimized for their brand, their marketing channels, their objectives, and every member of their audience," said Rania Succar, CEO at Mailchimp. "AI and text generation tools like ChatGPT have received a lot of attention recently, and for good reason. We see this as a supportive technology for marketers, and we want to provide them with approachable ways to use AI so that they can automate, generate, and optimize content to save time and trust that what we’re serving them is tailored to help them reach their goals."

 

For now, although impressive, Chat GPT ( OpenAI) and other AI content generators are still evolving. Sam Altman @sama, its CEO said on Twitter in late December “ChatGPT is incredibly limited, but good enough at some things to create a misleading impression of greatness.”

 

“It's a mistake to be relying on it for anything important right now. It’s a preview of progress; we have lots of work to do on robustness and truthfulness.”

 

As AI content expands we may also see more copyright violations. Getty Images Holdings, Inc.  (NYSE:GETY) recently commenced legal proceedings in the High Court of Justice in London against Stability AI claiming Stability AI infringed intellectual property rights including copyright in content owned or represented by Getty Images. It is Getty Images’ position that Stability AI unlawfully copied and processed millions of images protected by copyright and the associated metadata owned or represented by Getty Images absent a license to benefit Stability AI’s commercial interests and to the detriment of the content creators.

 

Looking to the future, as a recent Forbes article headline states, “AI Content Generation Won’t Replace Humans; It Will Make Them More Powerful.”

 

Get a free investor list of tech stocks including digital publishing and AI stocks at Investorideas.com

https://www.investorideas.com/TSS/stock_list.asp

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: This article featuring Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) ( 2250) .More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Contact management and IR of each company directly regarding specific questions.

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800 665 0411

 

Get more tech stocks investor ideas- news, articles, podcasts and stock directories

 

 

 

 

Breaking #Technology #Stock News: GBT’s (OTCPK: $GTCH) Database Management System, Continuation Patent Received Notice of Allowance; @gbtt_inc

 

Breaking #Technology #Stock News: GBT’s (OTCPK: $GTCH) Database Management System, Continuation Patent Received Notice of Allowance; @gbtt_inc

 

The continuation patent is expected to be granted during the next few months and protects an innovative concept of secured mobile database management system

 

SAN DIEGO, CA, April 13, 2023 (Investorideas.com Newswire) GBT Technologies Inc’s (OTC PINK: GTCH) ("GBT” or the “Company”) continuation applications for its mobile database sharing, received noticed of allowance from the United States Patent and Trademark Office (USPTO). The database management technology underlying the continuation applications is targeted to enable a highly secured communication protocol and to produce increased processing of database objects through its networks. The continuation application seeks to broaden the scope of the original patent and strengthen its protection aspects. The technology seeks to alleviate to a great extent the disadvantages of known systems and methods of database management and sharing by providing an innovative method for database management and sharing over mobile devices, using a private, secured communication protocol. The described methods and systems are based on a proprietary Integrated Circuit (IC) and a mobile/server software application to split database objects into segments and share them among other mobile devices. These segments are sent via private, secured channel to be stored on mobile devices worldwide and are indexed for restoration purposes. Upon the user's request to restore the database item, the system collects all database segments from all devices worldwide and assembles them together to restore the database object. These actions are done in real time and are transparent for the user. The described patent application covers a system to maintain a database item's backup on a central backup server for immediate restoration by demand. The described technology in the patent application aims to enable mobile and IoT devices to share and exchange vast amounts of data using highly secured, segmentation oriented, proprietary techniques. The original non-provisional patent was granted on December 1, 2020, as a US patent #10,853,327. The continuation application is expected to be granted during the next upcoming months.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2023/04131Database-Management-System.asp

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on Investorideas.com

 

More info on GTCH at Investorideas.com Visit: https://www.investorideas.com/CO/GOPH/

 

Get News Alerts on GBT Technologies Inc GTCH

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GTCH is a PR, social media and publishing client and compensates Investorideas.com https://www.investorideas.com/About/News/Clientspecifics.asp Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

  Get more tech stocks investor ideas- news, articles, podcasts and stock directories

 

 

 

 

 

 

 

#OilandGas Service Providers (TSX: $E.TO) (OTCQB: $ETOLF) (TSX: $PHX.TO) (TSX: $ESI.TO) (TSX: $STEP.TO)- Increased Capital Spending for Sector Drives Growth; @EnterpriseGrp

#OilandGas Service Providers (TSX: $E.TO) (OTCQB: $ETOLF) (TSX: $PHX.TO) (TSX: $ESI.TO) (TSX: $STEP.TO)- Increased Capital Spending for Sector Drives Growth; @EnterpriseGrp

 

Vancouver, Kelowna, Delta, BC –– April 12, 2023 Investorideas.com, a global investor news source covering oil and gas stocks issues an energy services sector snapshot featuring Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF), a consolidator of services including specialized equipment rental to the energy/resource sector. The Company also works with particular emphasis on mobile power systems and technologies that mitigate, reduce or eliminate CO2 and Greenhouse Gas emissions for itself and its clients.   

 

Read this article, featuring ETO in full at https://www.investorideas.com/news/2023/energy/04121Oil-Gas-Service-Providers.asp

 

Mining.com recently reported, “The Alberta Energy Regulator projected capital spending on oil and gas to increase to C$17 billion this year, which would be a 56% increase over 2021.”

 

“This year’s been a really banner year for gas development,” said Ian Archer, associate director of commodity insights for S&P Global. “We’ve seen very strong growth in Western Canadian production.”

 

According to Oil and Gas Journal, “More than 60% of oil and gas company executives surveyed by the Federal Reserve Bank of Dallas say they plan to increase their capital spending in 2023 versus last year while an even greater number expect input costs to rise further this year.”

 

Higher Capital Spending in the oil industry plus the ongoing Government push for Climate Change initiatives and solutions have created a perfect storm of success for Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF).  Enterprise provides specialized equipment and services in the build out of infrastructure for energy, pipeline, and construction industries. The Company recently announced its Q4 2022 and FY2022 results and beat expectations

 

From the news: “The 2022 year has been one of the strongest in recent history. Higher capital spending in the energy industry combined with increased customer activity levels in has resulted in improved results. During the year, Enterprise secured additional supply and services agreements with three of its tier one clients which contributed to the improved operating results. Revenue for the year ended December 31, 2022, was $26,892,249 compared to $18,732,335 in the prior period, an increase of $8,159,914 or 44%. Adjusted gross margin for the year ended December 31, 2022, was $10,879,928 compared to $4,982,731 in the prior period, an increase of $5,897,197 or 118%. Adjusted EBITDA for the year ended December 31, 2022, was $8,147,223 compared to $2,959,020 in the prior period, an increase of $5,188,203 or 175%. Revenue for the three months ended December 31, 2022, was $8,734,471 compared to $5,730,978 in the prior period, an increase of $3,003,493 or 52%. Adjusted gross margin for the three months ended December 31, 2022, was $4,157,875 compared to $2,091,874 in the prior period, an increase of $2,066,001 or 99%. Adjusted EBITDA for the three months ended December 31, 2022, was $3,283,612 compared to adjusted EBITDA of $1,547,549 in the prior period, an increase of $1,736,063 or 112%. Increases in gross margin and EBITDA for the year and the quarter are reflective of increases customer activity in 2022 while maintaining the overall cost structure of the Company.”

 

Continued: For the year ended December 31, 2022, the company generated cash flow from operations of $5,910,830 compared to $3,500,869 in the prior year. This change is consistent with the higher activity during the year. The Company continues to utilize a combination of cash flow and debt to right-size and modernize its equipment fleet to meet customer demands. During the year ended December 31, 2022, the Company purchased $5,569,011 of capital assets primarily for natural gas power generation, upgrading the energy efficiency of existing equipment and meeting specific requests from customers. During this same period, the Company also sold property, plant and equipment and received proceeds $1,216,724 of which were re-invested in new equipment.

 

Continued: In April of this year, Enterprise Group officially launched a new wholly owned subsidiary, Evolution Power Projects, Inc. ("EPP"). EPP is the leading provider of low emission, mobile power systems and associated surface infrastructure to the Energy, Resource, and Industrial sectors. The Company's innovative methods are delivering to its client's low emission natural gas-powered systems and micro-grid technology, allowing clients to eliminate diesel entirely. A significant portion of Enterprise's capital expenditures for 2022 was for additional natural gas-powered systems, including turbine generators. EPP can now provide mobile micro-grid technology in the 1-megawatt range which has allowed EPP to expand its services into water pumping and drilling support, further eliminating the use of diesel power. Also, EPP's systems are equipped to deliver real-time emission metrics providing its clients the assurances necessary for them to accomplish their ESG reporting and objectives.

 

Last month another TSX energy service provider, PHX Energy (TSX: PHX) announced the strongest fourth quarter and year end results In Its history. PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US.

 

From the news: Fourth Quarter Highlights

For the three-month period ended December 31, 2022, PHX Energy generated consolidated revenue of $157.8 million, the highest level of quarterly revenue in the Corporation’s history and an increase of 54 percent from the fourth quarter of 2021.

 

Adjusted EBITDA from continuing operations increased to $33.9 million, 21 percent of consolidated revenue. This is also PHX Energy’s highest level of quarterly adjusted EBITDA and all-time record as a percentage of consolidated revenue. Included in the 2022 quarter’s adjusted EBITDA is $6.9 million in cash-settled share-based compensation expense. Excluding cash-settled share-based compensation expense, adjusted EBITDA from continuing operations in the fourth quarter of 2022 was $40.8 million, 26 percent of consolidated revenue.

 

Earnings from continuing operations doubled to $20.3 million in the 2022-quarter from $9.3 million in the 2021 three-month period.

 

Ensign Energy Services Inc., (TSX: ESI) a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally also reported strong revenue growth in its earnings report  last month.

 

From the news: 2022 HIGHLIGHTS

Revenue for 2022 was $1,577.3 million, a 58 percent increase from 2021 revenue of $995.6 million.

 

Revenue amounts and percentage of total by geographic area:

 

Canadian drilling recorded 13,589 operating days in 2022, a 51 percent increase from 8,979 operating days in 2021. Canadian well servicing recorded 47,269 operating hours in 2022, a 30 percent increase from 36,254 operating hours in 2021.

 

United States drilling recorded 17,928 operating days in 2022, a 46 percent increase from 12,242 operating days in 2021. United States well servicing recorded 124,035 operating hours in 2022, a one percent decrease from the 124,916 operating hours in 2021.

 

International drilling recorded 3,973 operating days in 2022, an 11 percent increase from 3,574 operating days recorded in 2021.

 

STEP Energy Services Ltd. (TSX: STEP), an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions reported Fourth Quarter and Year End 2022 Results last month.

 

From the news: 2022 ANNUAL HIGHLIGHTS

 

2022 was an exceptional year for STEP, with the Company achieving record results across many of its key financial metrics:

 

Consolidated revenue for the year ended December 31, 2022 of $989.0 million, increasing 84% from $536.3 million in the prior year.

 

Net income for the year ended December 31, 2022 of $94.8 million, or $1.31 per diluted share, compared to a net loss of $28.1 million in 2021, or a $0.41 loss per share. Net income was positively impacted by the reversal of $38.4 million of impairment loss taken in 2020, following the significant improvement in business conditions.

 

For the year ended December 31, 2022, Adjusted EBITDA was $198.9 million or 20% of revenue compared to $63.0 million or 12% of revenue in the prior year.

 

Looking ahead for the sector, amid recent oil price spikes it looks like the spending will continue and oil service providers will be a sector to watch for investors. 

 

Get a free investor list of oil and gas stocks at Investorideas.com

https://www.investorideas.com/OGSN/Stock_List.asp

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: This article featuring Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) is a paid for service on Investorideas ( 2250) .More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Contact management and IR of each company directly regarding specific questions.

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800 665 0411

 

Get more Technology stock investor ideas - news, articles, podcasts and stock directories

 

 

 

 

Get more Energy Stock investor ideas