Camber Energy Reports $3.2 Million Net Loss, Focuses on Clean Energy Solutions

Camber Energy, Inc. reported a net loss of $3.2 million for the three months ending March 31, 2025, a significant reduction from a net loss of $26.6 million during the same period in 2024. The company's total revenue for the quarter was $6.2 million, down 7% from $6.7 million in the prior year. This decline was attributed to decreased sales in power generation units and parts, as well as service and repairs. Operating expenses also decreased to $8.0 million from $8.9 million, primarily due to lower general and administrative costs and reduced depreciation expenses.

In terms of financial position, Camber's total assets decreased to $40.2 million as of March 31, 2025, down from $42.3 million at the end of 2024. Current assets fell to $11.8 million, while current liabilities increased slightly to $31.6 million, resulting in a working capital deficiency of $19.8 million. The company reported a stockholders' deficit of $40.9 million, reflecting ongoing financial challenges. The largest components of current liabilities included accrued interest on notes payable and bank indebtedness.

Strategically, Camber underwent a significant organizational change with the merger of Viking Energy Group, Inc. in August 2023, which has since been treated as a reverse acquisition. This merger has allowed Camber to expand its portfolio, including a focus on clean energy solutions and proprietary technologies in medical waste treatment and electric transmission systems. However, as of March 31, 2025, the company no longer holds interests in producing oil and gas properties, having divested its assets in early 2024.

Operationally, the company has been focusing on its power generation segment, which generated all of its revenue during the quarter. The company’s subsidiary, Simson-Maxwell, continues to provide energy solutions to commercial and industrial clients in North America. Despite the challenges, management remains optimistic about future opportunities, particularly in clean energy and carbon capture technologies, and is exploring additional acquisition opportunities to enhance its market position.

Looking ahead, Camber's ability to continue as a going concern is uncertain, as indicated by its substantial working capital deficiency and stockholders' deficit. Management is actively seeking to generate profitable operations and secure financing to meet its obligations. The company has expressed intentions to develop new opportunities and potentially raise additional funds through debt or equity financing, although there is no assurance that such funding will be available.