Vivakor, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
April 16, 2022 at 02:17 am IST
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Vivakor, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 1.09 million compared to USD 1.46 million a year ago. Net loss was USD 5.48 million compared to USD 2.18 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.23 a year ago.
Vivakor, Inc. is a clean energy technology company. The Company is an operator, acquirer and developer of technologies and assets in the oil and gas industry, as well as related environmental solutions. The Company is primarily focused on operating crude oil gathering, storage and transportation facilities, as well as contaminated soil remediation services. Its soil remediation services specialize in the remediation of soil and the extraction of hydrocarbons, such as oil, from properties contaminated by or laden with heavy crude oil and other hydrocarbon-based substances. Its technologies include Hydrocarbon Extraction Technology, Automation and Machine Learning, and Hydrocarbon Upgrading Technologies. The Hydrocarbon Extraction Technology is aimed at remediating contaminated soil and recovering usable hydrocarbons, which is used in its remediation plants, also known as Remediation Processing Centers (RPCs).
VIVAKOR, INC. 
