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Our Company Norris Industries, Inc. ( NRIS or the Company ) was incorporated on February 19, 2014, as a Nevada corporation and is headquartered in Weatherford, Texas. The Company was formed to conduct operations in the oil and gas industry, and currently focuses on the development, production and maintenance of its existing crude oil and natural gas properties in Texas.
The business is unprofitable at the operating level (-190.25% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 13.1% YoY. Margins deteriorated 51.2pp alongside, both lines moving the wrong way.
Operating margin contracted 51.2pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$286K
▼ -13.1% YoY
Net Income (TTM)
-$661K
▼ -10.0% YoY
Op. Margin
-190.25%
▼ -51.2pp YoY
ROIC
-10.75%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$440K
▼ -19.4% YoY
Net Debt
$5M
Cash & Equiv.
$45K
5Y CAGR: +0.4%
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