PEDEVCO Corp faces declining production and CEO departure despite revenue growth
PED PEDEVCO Corp
$11.71 -10.27%
View chart & analysis → - 1PEDEVCO Corp recorded revenue of $35.54 million, achieving a 410.6% year-over-year revenue growth rate.
- 2PEDEVCO Corp reported a net loss of $9.20 million, and third-quarter production was 5,850 Boe/d.
- 3PEDEVCO Corp raised its net capital expenditure guidance to $37.00 million–$42.00 million.
So what's the key point?
PEDEVCO Corp's revenue reached $35.54 million. However, production decreased and a net loss of $9.20 million occurred.
Source Earnings Whispers · View original ↗
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