- PEDEVCO press release (NYSE:PED): FY GAAP EPS of $0.00.
- The decrease in net income of $2.5 million was primarily due to a $4.3 million loss on the sale of our EOR subsidiary, offset by a $0.8 million increase in revenue and by a decrease of $0.7 million in total operating expenses in the current period, offset further by a $0.3 million increase in other income
- Revenue of $30.78M (+2.5% Y/Y).
- Produced an average of 1,427 barrels of oil equivalent per day ("BOEPD") (74% oil) in 2023, increasing 43% over average daily production in 2022.