Energy Services of America (US:ESOA)2025-12-15 21:31Financial Performance - As of September 30, 2025, the Company reported a backlog of $259.7 million in contracts to be completed, up from $243.2 million on September 30, 2024[44]. - The Company received $9.8 million in PPP Loans, which were forgiven by the SBA in fiscal year 2021, but is currently under review, leading to a restatement of financial statements for fiscal years 2022 and 2021[41]. - The Company has a short-term borrowing recorded due to the SBA inquiry regarding the PPP Loans, amounting to $9.8 million plus accrued interest[41]. Workforce and Employment - As of September 30, 2025, the Company employed 1,418 individuals, including 558 full-time non-union employees[61]. - The Company emphasizes employee health and safety, providing various insurance plans and wellness programs to its workforce[62]. Industry Competition - The pipeline, electrical, and mechanical construction industries are highly competitive, with significant competition from larger firms that may have greater financial resources[51]. - The Company’s contracts are typically awarded on a competitive basis, with pricing and timely project completion being key factors in contract awards[46]. Regulatory and Compliance - Energy Services' operations are subject to various environmental regulations, which could impose compliance costs but have not materially affected earnings to date[54]. Research and Development - The Company has not made any material expenditures for research and development and does not own any patents, trademarks, or licenses[60]. Supply Chain and Materials - The Company anticipates being able to obtain necessary raw materials for ongoing projects, although delays may occur if customers face challenges in sourcing materials[49].