Last $0.19 USD
Change Today +0.02 / 11.76%
Volume 58.2K
ERFB On Other Exchanges
As of 8:10 PM 04/17/14 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
07/19/13 - $311.55
52 Week Low
04/17/14 - $0.12
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Current Stock Chart for ERF WIRELESS INC (ERFB)

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erf wireless inc (ERFB) Details

ERF Wireless, Inc. provides wireless broadband access solutions for the exploration, drilling, and production sectors of energy industry in the United States. It offers a package of wellsite information technology (IT)communications services, including high-speed low-latency terrestrial broadband connectivity utilizing both licensed and unlicensed spectrum, VOIP telephone, facsimile service, wireless intercom systems, computer and other IT equipment rental, IT support services, and video security solutions. The company operates in four segments: Energy Broadband, Inc. (EBI); Wireless Bundled Services (WBS); Enterprise Network Services (ENS); and Wireless Messaging Services (WMS). The EBI segment offers wireless connectivity to rural oil and gas locations primarily via mobile broadband trailers. It provides wireless broadband products and services focusing primarily on commercial customers providing high speed bandwidth to rural North America to serve the oil and gas sector. The WBS segment provides wireless broadband products and services to commercial and individual customers in the wireless industry. The ENS segment provides product and service to operate enterprise-class encrypted wireless banking network business. It offers the CryptoVue System, including software, site-based hardware devices, and servers to perform network encryption; contracts for the construction, operation, monitoring, and maintenance of fixed wireless networks for banking, healthcare, and educational customers; and trade names, equipment, and software, including the software architecture and design. The WMS segment principally manufactures paging transmitter equipment; repairs and maintains paging infrastructure equipment; and supplies high-power paging transmitters to the wireless messaging industry. The company was founded in 1986 and is headquartered in League City, Texas.

erf wireless inc (ERFB) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $135.0K
Director of Administration
Total Annual Compensation: $130.0K
Compensation as of Fiscal Year 2012.

erf wireless inc (ERFB) Key Developments

ERF Wireless Inc. Announces Earnings Results for the Year Ended December 31, 2013

ERF Wireless Inc. announced earnings results for the year ended December 31, 2013. The company reported revenues of $7,156,000 for the year ended December 31, 2013, as compared to revenues of $7,328,000 for the prior year ended December 31, 2012; a decrease of $172,000 or 2%. The company reported total comprehensive loss of $7,264,000 for the year ended December 31, 2013, as compared to a total comprehensive loss of $4,821,000 for the prior year ended December 31, 2012; an increase of $2,443,000 or 51%. The company reported $2,550,000 of net cash used by operating activities during 2013. The company invested $346,000 in cash during the year ended December 31, 2013, primarily for the purchase of assets in its Energy Broadband, Inc. subsidiary for the continued expansion of networks and infrastructure.

Rick Zachardy Joins the Board of Directors of ERF Wireless as Independent Directors and to Become Chairman of the Audit Committee

ERF Wireless announced that Rick Zachardy has joined the company's Board of Directors as one of its independent directors and has also agreed to become Chairman of the ERF Wireless Audit Committee. Mr. Zachardy is a seasoned CPA and has an impressive background as a Chief Financial Officer and Tax Specialist for multiple large corporations over the span of his career. More recently, Mr. Zachardy has operated his own independent consulting firm providing services in such areas as finance, accounting, treasury, payroll, recruiting, and income tax solutions. In his private practice Mr. Zachardy has also supported his clients in the areas of partnership negotiations, dispute resolution initiatives and forensic accounting, as well as serving as interim CFO for companies needing financial assistance during periods of corporate transition.

ERF Wireless, Inc. announced delayed annual 10-K filing

On 04/01/2014, ERF Wireless, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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