SMG Industries Inc (PK:SMGI)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9251 WEST MAIN ROAD NORTH EAST PA 16428 |
| Tel: | N/A |
| Website: | https://smg-industries.com |
| IR: | See website |
| Key People | ||
| Matthew C. Flemming Chairman of the Board and Chief Business Development Officer | Bryan Barnhart Chief Executive Officer, Director | Tim Barnhart Chief Financial Officer, Director |
| Business Overview |
| SMG Industries Inc. is a transportation services company, which is focused on the domestic logistics market. The Company's primary business objective is to grow its operations and create value for its stockholders through organic growth and strategic acquisitions. Its operating subsidiaries include 5J Trucking LLC, 5J Oilfield Services LLC, 5J Specialized LLC, 5J Transportation LLC and 5J Logistics Services LLC. The Company's provides a range of services in transportation, such as transporting infrastructure components, including bridge beams and power generation transformers; transporting wind energy components; heavy haul of production equipment, heat exchangers, coolers, construction equipment, refinery components; super heavy haul over-dimensional permit-required loads up to 500 thousand pounds for engineered projects; transportation of natural gas compressors; flatbed freight; drilling rig relocation for drilling contractors and oil and gas operators; and freight brokerage. |
| Financial Overview |
| For the nine months ended 30 September 2023, SMG Industries Inc revenues increased 42% to $75.9M. Net loss applicable to common stockholders excluding extraordinary items decreased 32% to $6.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Gain on settlement of debt increase from $565K to $3.4M (income), Interest expense, net decrease of 17% to $6.2M (expense). |
| Employees: | 269 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $55.56M as of Sep 30, 2023 |
| Annual revenue (TTM): | $93.38M as of Sep 30, 2023 |
| EBITDA (TTM): | $2.40M as of Sep 30, 2023 |
| Net annual income (TTM): | -$8.57M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.14M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $42.83M as of Sep 30, 2023 |
| Shares outstanding: | 268,054,820 as of Nov 14, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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