Dalmac Energy Inc. (TSX: V.DAL, Stock Forum) has exceeded its previous revenue guidance of $40 million for fiscal 2013 ended April 30, 2013.
According to the Dalmac Energy press release, the company finished the fiscal year with revenues of approximately $41 million, a 16% increase from the previous fiscal year, as a result of continued strong demand, new contracts, a stable recurring revenue base, and the deployment of new equipment in the fourth quarter.
Full financial results are expected to be released in or before August 2013.
Additionally, Dalmac has recently entered into new service agreements for the provision of additional service work to handle the production flow stemming from increased directional drilling and fracking technologies.
Dalmac expects to be profitable in the fourth quarter and is confident that the company is well positioned to transition into a record fiscal 2014.
Dalmac provides a fleet of trucks equipped for use in the oil and gas industry.
On Thursday, Dalmac rose 10% and was trading at $0.44 a share. The company had a market cap of $10.2 million, based on 23.2 million shares outstanding.