Proactive Research analyst Ed Stacey says the strong net cash position on Enteq Upstream’s (LON:NTQ) balance sheet (US$10mln) is an important element of the investment proposition. He believe that with its reduced cost base, the company will be able to trade through a very depressed revenue environment in 2020 (and 2021 if necessary) without needing to access fresh capital. Click […]
CEO Martin Perry tells Proactive how the current outbreak has impacted Enteq’s business based on its year-end trading update. He says results are anticipated to remain broadly in-line with earlier full-year expectations with revenues in the region of $11m, while its cash balance remains is $10.0m.
Proactive Research analyst Ed Stacey gives his view on Enteq Upstream PLC’s interim results to September 2019 which saw revenues increasing 58% and adjusted underlying earnings (EBITDA) up 143% year-on-year. Stacey says major new customer wins in China reflect the company’s strategic initiative to increase international revenues and he expects these to continue growing. Click here to read Ed Stacey’s […]
Martin Perry talks Proactive London’s Andrew Scott through their interim results to September 2019. The company generated US$6.5mln of revenue in the six months compared to US$4.2mln in the same period a year before. Adjusted underlying earnings amounted to US$1.5mln, up from US$600,000 in the first half of 2018.
Enteq Upstream (LON:NTQ) CEO Martin Perry presents at the recent Proactive Oil Capital conference in London. The company is pursuing an ambitious strategy of expansion of its product portfolio. Within the North American market, Enteq products have established a strong reputation for robustness, reliability, and functionality.