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Bullboard - Stock Discussion Forum Intercept Energy Services Inc IESCF

Intercept Energy Services Inc is an oilfield services company in Canada. It engages in providing heated water used by oil and gas exploration and production companies in the fracturing process in Canada and the United States. It uses HE Heaters to reduce fuel consumption and emissions. The company also provides equipment to support the oil industry with products that focus on efficiency as well... see more

GREY:IESCF - Post Discussion

Intercept Energy Services Inc > Q2 Results: What Happened to Revenues?
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Post by Stooge on Aug 28, 2013 12:18am

Q2 Results: What Happened to Revenues?

On SEDAR we find the Interim Financial statements to June 30 2013. I see a listing of expense but where are the revenues? Am I missing something?
When I look at the MD&A, also just posted I see this mumbo jumbo. Read it carefully and see if you can discern the Q2 revenues.

Rental income of $1,065,861 (2012 - $43,288) was higher for the six months ended June 30, 2013 as the Company owned Intercept Rentals for the full six month period in 2013 as compared to the prior period in 2012 which includes one full quarter and plus 11 days of income (as Intercept Rentals was acquired on March 20, 2012). Rental income for the second quarter of 2013 was $128,597, a noticeable increase over the $ 43,268 recorded in the second quarter of 2012.

So am I correct here?

Rental Income for Q1 ... $937,264
Rental Income for Q2 ... $128,597

That looks like a revenue drop of 84% between Q2 and Q1.
Comment by Stooge on Aug 28, 2013 1:17am
Here is the revenue data a further on in the MD&A. It crashed last month all right. No wonder management does not want to give it a fair airing.   ($) June 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Revenue 128,597 937,264 344,082 31,363 24,718 118,570 nil ...more  
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