Company Quick10K Filing
Ener-Core
10-Q 2018-09-30 Filed 2018-11-20
10-Q 2018-06-30 Filed 2018-08-20
10-Q 2018-03-31 Filed 2018-05-21
10-K 2017-12-31 Filed 2018-04-16
10-Q 2017-09-30 Filed 2017-11-20
10-Q 2017-06-30 Filed 2017-08-18
10-Q 2017-03-31 Filed 2017-05-19
10-K 2016-12-31 Filed 2017-04-14
10-Q 2016-09-30 Filed 2016-11-21
10-Q 2016-06-30 Filed 2016-08-18
10-Q 2016-03-31 Filed 2016-05-16
10-K 2015-12-31 Filed 2016-04-14
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-08-14
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-03-31
10-Q 2014-09-30 Filed 2014-11-14
10-Q 2014-06-30 Filed 2014-08-19
10-Q 2014-03-31 Filed 2014-05-13
10-K 2013-12-31 Filed 2014-04-15
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-19
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-04-01
10-Q 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-13
10-K 2011-12-31 Filed 2012-03-26
8-K 2019-06-14 Enter Agreement, Sale of Shares
8-K 2019-06-13 Leave Agreement, Other Events
8-K 2019-06-03 Enter Agreement
8-K 2019-04-30 Enter Agreement, Exhibits
8-K 2019-03-28 Enter Agreement, Officers, Exhibits
8-K 2019-02-27 Enter Agreement, Exhibits
8-K 2019-01-30 Enter Agreement, Exhibits
8-K 2019-01-18 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-12-31 Enter Agreement, Exhibits
8-K 2018-06-30 Enter Agreement, Exhibits
8-K 2018-06-20 Regulation FD, Exhibits
8-K 2018-06-05 Enter Agreement, Sale of Shares, Officers, Exhibits
8-K 2018-05-01 Officers
8-K 2018-03-26 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-01-25 Enter Agreement, Sale of Shares, Exhibits
8-K 2017-08-02 Officers

Ener-Core Financials

ENCR Metrics, Comps, Filings

Quarterly | Annual

Business

We are a small public company in the early commercialization stages of a heavily patented technology that generates substantially pollution-free electricity and heat energy using refined natural gas, industrial waste gases or Volatile Organic Compounds (VOCs) from a wide range of industrial plants as well as agricultural operations.

Our technology is designed to enable participants in a wide range of industries to lower their operating costs by generating clean, on-site electricity and thermal energy from their waste gas by-products. We estimate that the global market for waste gas-to-energy equipment is approximately $75 billion based on methane gas emissions reported by the U.S. Environmental Protection Agency, or EPA, and data from government ministries of other industrialized countries. We provide an opportunity for industry participants to reduce spending for compliance with environmental standards, and instead use these gases to generate and/or sell energy.

Our technology enables industrial companies that produce and emit low quality, by-product waste gases to develop their own on-site co-generation plants that will consume these waste gases as low-cost fuels, in order to generate low-cost energy for their operations. In traditional co-generation plants, fuel is purchased to run the plant, and the fuel costs typically represent 60-70% of the operating cost of the plants. The on-site co-generation plants that utilize our technology tend to generate far more attractive internal rates of return than traditional co-generation plants (due to the use of low-cost or zero-cost fuels) while also producing almost no Nitrogen Oxide gases, or NOx, which is critical in states like California that have significant environmental regulations. Further, we believe that there is an indisputable trend in the energy infrastructure markets, whereby many industrial sites wish to have an on site co-generation plant, but prefer to have these facilities owned and operated by a third-party energy services company. This provides an opportunity for us and other project developers, owners and operators to structure and manage these long-term assets. We believe that co-generation, or Co-Gen, plants used at industrial sites should typically pay for themselves in approximately four years, and should be able to generate consistent cash flows by selling power and clean heat energy to the industrial facility providing the waste gas (or to a creditworthy third-party customer).


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Eco-Mat (ECMT) 842 -12.1 0 226 0 0 -81 -70 842
Towerstream (TWER) 828 0% -14.7 -40% 18,419 42,859 18,768 0 -7,325 -2,409 35,354
Imaging3 (IGNG) 809 100% -1.5 -9,549% 14 5,324 5 5 -1,357 -537 794
Medical Imaging (MEDD) 803 37% -1.2 -95% 3,288 10,372 7,026 2,592 -3,111 -2,711 3,131
Gratitude Health (GRTD) 787 -601% -1.9 -964% 88 775 10 -59 -847 -785 1,459
Forbes Energy Services (FES) 773 0% -5.3 -27% 198,552 159,830 153,647 0 -53,457 -11,372 60,094
PCT (PCTL) 769 0% -0.3 -118% 4,584 6,054 356 0 -5,391 -4,588 1,219
All For One Media (AFOM) 762 0% -0.5 -369% 1,160 7,246 4 0 -4,280 -1,328 677
Logicquest Technology (LOGQ) 760 -12.9 -58,611% 1 5,596 0 0 -299 -59 760
Diamondhead Casino (DHCC) 726 -0.9 -18% 5,482 12,381 0 0 -1,010 -1,010 909
Paid (PAYD) 719 27% 0.3 7% 5,046 2,403 7,731 2,081 346 716 194
GTx (GTXO) 699 89% -4.4 -121% 365 3,773 1,285 1,143 -442 -407 1,800
Fitlife Brands (FTLF) 695 42% 0.1 38% 6,932 3,267 15,812 6,648 2,607 2,700 138
Ener-Core (ENCR) 673 100% -0.1 -182% 5,859 18,773 1,100 1,100 -10,679 -10,168 663
US Lithium (LITH) 669 -5.6 -244% 48 41 0 0 -117 -117 654
Tearlab (TEAR) 628 63% -12.4 -27% 15,919 40,793 17,162 10,828 -4,263 -2,230 27,679
Enxnet (EXNT) 608 -6.2 -100% 110 2,110 0 0 -111 -153 948
Arvana (AVNI) 569 -46.2 -1,462% 7 2,432 0 0 -99 -12 562
American Lorain (ALN) 534 -2% -0.0 -53% 35,369 10,156 3,448 -83 -18,740 -15,037 97
Marijuana Co of America (MCOA) 520 71% -0.5 -251% 4,329 11,826 553 393 -10,879 -7,877 4,002

Balance Sheet ($'000)2011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Cash11112167631,2011922,3004,0312,1764003,2301,2002,8002006336201,3101001211942081062010
Accounts Receivable16115711310799993050181578716121621614999
Inventory6529292929531121241337471,2561,7702,5382,7642,9843,0653,0933,0283,0353,0663,047
PP&E7797571,1441,1861,1861,2011,3602,1382,7143,2014,4284,9425,2354,7664,7704,7714,5624,5604,4764,4764,4764,476
Assets11111,1162,0332,9761,9833,8254,9943,2932,3125,6484,8147,5576,4097,4617,1717,8086,5766,4826,4946,2886,1756,0125,859
Accounts Payable70134972454196014148006121,0928908641,6312,5072,1552,1471,6651,6281,7831,5111,7491,8651,9882,080
Long-Term Debt1001001,879002,1061,5440000
Liabilities152628311,6855151,5291,7244,8021,6711,7842,4904,9267,02712,40114,73114,64713,5408,0369,65112,32814,53716,28517,11014,66918,773
Stockholders' Equity-14-25-28-30-5691,5181,447259-9773,3231,509-178722-2,213-4,844-8,322-7,186-6,369-228-3,075-5,846-8,043-9,997-10,935-8,657-12,914
Income Statement ($'000)2011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Revenue0000012008105800000000000001,10000
Cost of Revenue000008008034432300060000000000000
Gross Profit00000400714-323000-600000000001,10000
R&D3947187929535148977379689287769347551,170881582600452406441396429
SG&A533321,4401,3031,1841,6071,2261,4321,0351,2801,1651,7221,3371,0519419071,0311,004650672573583397
Tax00000001000000001000000000
Net Income-5-3-3-3-2-1,829-2,020-1,979-2,968-2,823-2,764-2,064-3,228-3,310-4,506-3,848-2,185-1,596-2,398-3,251-3,210-2,435-2,271-1,188-2,852-4,368
Cash Flow ($'000)2011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-30
Cash Operating-9-0-8-2-1-1,349-2,596-994-1,211-698-1,636-1,009-2,089-1,448229-1,915-2,078-1,430-2,213-1,28737-763-479-7
Cash Investing0-19-13-2,2882,274-161-763-488-1,227-514-419278-41057000
Cash Financing9-918211,4753,162-23,7532,009-58-65,409-62,406-62,9601,1392,907-3-3661393-3