Liquidity ended June 30 at USD 84.82 million cash and restricted cash; net cash from financing was USD 106.32 million, aided by equity proceeds.
Quarterly loss widens as revenue falls
New Era Energy & Digital posted a wider Q2 net loss of USD 20.44 million, up 466.9% from a year earlier.
Revenue fell 82.5% to USD 36,497, reflecting weaker natural gas realizations and lower sales volumes.
Operating loss widened to USD 16.88 million as total costs and expenses jumped 716.1% to USD 16.92 million.
Costs rise on higher compensation and fees
General and administrative expense surged to USD 16.09 million on higher stock-based compensation, legal and professional fees, including one-time items.
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