Last $0.01 USD
Change Today -0.0016 / -9.70%
Volume 443.3K
ERFB On Other Exchanges
As of 8:10 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

erf wireless inc (ERFB) Snapshot

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52 Week High
11/1/13 - $36.40
52 Week Low
10/15/14 - $0.01
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erf wireless inc (ERFB) Details

ERF Wireless, Inc. provides wireless broadband access solutions for the energy industry in North America. The company conducts its operations through Energy Broadband, Inc., Wireless Bundled Services Division, and Enterprise Network Services segments. It offers wireless bandwidth and related support services, including nomadic terrestrial wireless broadband circuit connectivity to the wellsite; wellsite communications equipment rental; wellsite IT support services; wellsite IT services over broadband; network monitoring and maintenance:; layer 2 secure communications connectivity products rental and services; fixed site terrestrial wireless broadband connectivity; network design and construction; production field supervisory control and data acquisition; and midstream communications, monitoring, and security solutions for the oil and gas industry. The company also provides enterprise-level wireless bandwidth product and services, such as design and implementation of custom Internet wireless bandwidth solutions, including long-term maintenance and network monitoring; reselling arrangements; and secure connectivity services through its CryptoVue product to the regional banking, healthcare, and educational sectors primarily in the rural areas of North America. In addition, it offers commercial and residential wireless bandwidth products and services comprising -speed Internet, voice over Internet protocol services, network monitoring and maintenance services, and video services to commercial businesses and residential customers. The company was founded in 1986 and is headquartered in League City, Texas.

41 Employees
Last Reported Date: 08/19/14
Founded in 1986

erf wireless inc (ERFB) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $135.0K
Chief Operations Officer
Total Annual Compensation: $165.0K
Director of Administration
Total Annual Compensation: $130.0K
Compensation as of Fiscal Year 2013.

erf wireless inc (ERFB) Key Developments

ERF Wireless, Inc. announced delayed 10-Q filing

On 08/15/2014, ERF Wireless, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

ERF Wireless, Inc. Expands Oil and Gas Operations into Two Additional Regions; Announces Resumption of Services to Oil and Gas Operations in the Barnet Shale

ERF Wireless Inc. announced that it has commenced serving oil and gas drilling operations in the Central Texas region of the upper Eagle Ford Shale from its Central Texas wireless network. The company also announced is the resumption of services to oil and gas operations in the Barnet Shale. ERF Wireless had previously provided such services in the Barnet Shale but migrated its services to the lower Eagle Ford Shale and the Permian Basin regions several years ago along with many of its major customers when those shale regions attracted a majority of the drilling rigs away from the Barnet Shale region. The expansion of its services into these new regions is an important part of its overall business strategy for 2014 and is expected to contribute to its overall revenue growth.

ERF Wireless Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

ERF Wireless Inc. announced earnings results for the first quarter ended March 31, 2014. The company reported revenues of $1,592,000 for the quarter ended March 31, 2014, as compared to revenues of $1,913,000 for the quarter ended March 31, 2013; a decrease of $321,000 or 17%. The company reduced its burn rate as measured by earnings before interest taxes depreciation and amortization (EBITDA) to a loss or burn rate of $269,000 for the quarter ended March 31, 2014, as compared to a EBITDA loss or burn rate of $647,000 for the quarter ended March 31, 2013, a decrease of $378,000 or 58%. The company reported net cash used by operating activities of $1,000 for the quarter ended March 31, 2014 as compared to net cash used by operating activities of $1,109,000 for the quarter ended March 31, 2013, a decrease of $1,108,000.


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