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American Energy Partners Announces Guidance for Q2 Financials – Numbers Indicate Continued and Strong Growth
American Energy Partners Announces Guidance for Q2 Financials – Numbers Indicate Continued and Strong Growth.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n ALLENTOWN, PA, July 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, announces preliminary performance indicators and record topline growth. The three months ended June 30th, 2020 has shown staggering growth compared to Q2 of the previous year. American Energy has shown a significant increase in Key Performance Indicators, as summarized by the following: Q2 2020 revenue has grown from just over $13,500 in Q2 2019 to just under $173,000. This represents a growth rate of over 1,100%, Q2 2020 total assets have grown from just over $87,000 in Q2 2019 to just over $294,000. This represents a growth rate of over 225%, Q2 2020 accounts receivable has grown from $11,000 in Q2 2019 to just over $68,000. This represents a growth rate of over 500%, Q2 2020 ending cash balance has grown from just under $2,000 in Q2 2019 to just over $120,000. This represents a growth rate of over 5,000%. Brad Domitrovitsch, Chairman & CEO of American Energy, stated, “Geotechnical sales continue to be a strong driver and as we move through the fiscal year. We intend to continue to build out that sector through additional acquisitions and partnerships. We have also seen a great deal of promise from our most recent acquisition, educational platform, Oilfield Basics. We’ve released a great deal of high-quality content from industry experts and executives and we intend to continue to do so.” American Energy Partners, Inc. (AEPT) AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology.  Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction, and operation of regional water treatment facilities that serve the industrial, energy, and government sectors. For additional information, visit: American Energy Partners, Inc.  Safe Harbor This press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expec...