Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

NXT Energy Solutions Inc. (T:SFD)

Business Focus: Oil Related - Surveying & Mapping Services

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 3320 17 Ave SW Suite 302
Tel: N/A
IR: See website
Key People
George Liszicasz
Chairman of the Board, President, Chief Executive Officer
Eugene Woychyshyn
Chief Financial Officer, Vice President - Finance
Thomas E. Valentine
Corporate Secretary, Director
Business Overview
NXT Energy Solutions Inc. provides aerial survey service to the oil and natural gas exploration and production industry. The Company's Stress Field Detection (SFD) survey technology is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The Stress Field Detection (SFD) survey technology is based on detecting subtle changes in earth's gravitational field from an airborne platform. SFD data acquired is analyzed and can be used to find variations in sub-surface geological stress patterns, which are indicators of potential reservoir and trap formations. The Company's aerial SFD surveys provide a method for clients to focus their decisions related to land commitments and the acquisition of seismic data that is used to locate and delineate exploration prospects. SFD is the airborne tool that provides information on areas conducive to fluid entrapment in the sedimentary column.
Financial Overview
For the six months ended 30 June 2020, NXT Energy Solutions Inc. revenues decreased 99% to C$137K. Net loss totaled C$2.8M vs. income of C$6.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Stock based compensation expense increase from C$8K to C$29K (expense), Depreciation - PPE increase of 8% to C$48K (expense).
Employees: 10 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $34.77M as of Jun 30, 2020
Annual revenue (TTM): $1.16M as of Jun 30, 2020
EBITDA (TTM): -$3.96M as of Jun 30, 2020
Net annual income (TTM): -$5.36M as of Jun 30, 2020
Free cash flow (TTM): $3.64M as of Jun 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,406,891 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization