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wavefront technology solutio (WEE) Snapshot

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03/4/14 - C$0.28
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wavefront technology solutio (WEE) Details

Wavefront Technology Solutions Inc. designs, develops, and licenses technologies for oil well stimulation, secondary oil recovery, and environmental groundwater remediation in the United States and internationally. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental groundwater remediation clean-up in contaminated sites. It also develops oil and gas properties, as well as rents tubing pumps and bailers for oil field applications. The company was formerly known as Wavefront Energy and Environmental Services Inc. and changed its name to Wavefront Technology Solutions Inc. in March 2009. Wavefront Technology Solutions is headquartered in Edmonton, Canada.

wavefront technology solutio (WEE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$275.0K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2014.

wavefront technology solutio (WEE) Key Developments

Wavefront Technology Solutions Inc. Announces Completion of Three Powerwave Well Stimulations in Oman

February 25, 2015 Wavefront Technology Solutions Inc. announced that three Powerwave well stimulations have been successfully completed in Oman. The well stimulation protocols were pre-designed with the company’s newly introduced dynamic well stimulation modeling software.

Wavefront Technology Solutions Inc. Reports Earnings Results for the First Quarter Ended November 30, 2014

Wavefront Technology Solutions Inc. reported earnings results for the first quarter ended November 30, 2014. For the period, the company reported revenues amounted to $1,493,590, which was a decrease of 9% compared to the comparative quarter in 2014 that reported total revenues of $1,646,640. The basic and diluted net loss increased by $1,924,278 to $2,716,682 or $0.0 33 per share, compared to $792,404 or $0.009 per share in comparative quarter ended November 30, 2013, principally due to the non-cash impairment expense of $2,054,590. The EBITDA loss and EBITDA loss per share was $2,351,692 or $0.028 per share, compared to $501,474 or $0.006 per share in the comparative quarter ended November 30, 2013. The EBITDA loss and EBITDA loss per share, prior to the non-cash impairment expense of $2,054,590, for the quarter ended November 30, 2014 decreased $220,952 or 44.1% to $280,522 or $0.003 per share. Cash used in operating activities decreased by $350,664 or 41.7% to $451,178 from the $839,406 in comparative quarter ended November 30, 2013.

Wavefront Technology Solutions Inc. Commences Approximate $1.25 Million Petrobras Contract in Brazil

Wavefront Technology Solutions Inc. announced the commencement of the approximate $1.25 million Petrobras contract in Brazil.


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