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American Electric Technologies Inc (AETI.OQ)

AETI.OQ on NASDAQ Stock Exchange Capital Market

0.81USD
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

AETI Signs Share Exchange Deal With Stabilis Energy
Tuesday, 18 Dec 2018 

Dec 17 (Reuters) - American Electric Technologies Inc ::AETI ANNOUNCES SIGNING OF A DEFINITIVE SHARE EXCHANGE AGREEMENT WITH STABILIS ENERGY TO CREATE A LEADING NORTH AMERICAN SMALL-SCALE LNG PRODUCTION AND DISTRIBUTION PLATFORM.AETI- COMBINED BUSINESS TO INCLUDE STABILIS' SMALL-SCALE LNG PRODUCTION AND DISTRIBUTION BUSINESSES AND CO'S EXISTING INTERNATIONAL BUSINESSES.AMERICAN ELECTRIC TECHNOLOGIES-JAMES REDDINGER,CURRENT PRESIDENT AND CHIEF EXECUTIVE OFFICER OF STABILIS,TO SERVE AS PRESIDENT AND CEO OF COMBINED CO.AMERICAN ELECTRIC TECHNOLOGIES- AETI'S BOARD OF DIRECTORS HAS DETERMINED THAT SHARE EXCHANGE AGREEMENT IS FAIR TO AND IN BEST INTERESTS OF AETI.CASEY CRENSHAW, CONTROLLING SHAREHOLDER OF STABILIS, WILL SERVE AS EXECUTIVE CHAIRMAN.AMERICAN ELECTRIC- STABILIS AND ITS SUBSIDIARIES WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF AETI, EXISTING SHAREHOLDERS WILL OWN 11% OF COMBINED CO.COMBINED COMPANY WILL BE RENAMED "STABILIS ENERGY, INC".SAYS CASEY CRENSHAW, CONTROLLING SHAREHOLDER OF STABILIS, WILL SERVE AS EXECUTIVE CHAIRMAN.AETI- EACH COMPANY AGREED TO PAY OTHER COMPANY'S EXPENSES IF AGREEMENT IS TERMINATED UNDER CERTAIN CIRCUMSTANCES PRIOR TO CLOSING OF TRANSACTION.  Full Article

JCH Crenshaw Holdings Commences Lawsuit Against American Electric Technologies To Enforce Rights As Sole Preferred Shareholder - SEC Filing
Wednesday, 22 Aug 2018 

Aug 21 (Reuters) - American Electric Technologies Inc ::JCH CRENSHAW HOLDINGS - COMMENCED LAWSUIT AGAINST AMERICAN ELECTRIC TECHNOLOGIES TO ENFORCE ITS RIGHTS AS SOLE PREFERRED SHAREHOLDER - SEC FILING.JCH CRENSHAW HOLDINGS- UPON LIQUIDATION EVENT BY AMERICAN ELECTRIC TECHNOLOGIES, JCH ENTITLED TO RECEIVE LIQUIDATION PREFERENCE, PLUS UNPAID DIVIDENDS.JCH CRENSHAW HOLDINGS- ON AUG 17, JCH MADE WRITTEN DEMAND TO AMERICAN ELECTRIC TECHNOLOGIES FOR DISTRIBUTION OF ITS LIQUIDATION PREFERENCE.JCH CRENSHAW HOLDINGS- AMERICAN ELECTRIC TECHNOLOGIES REJECTED ASSERTION THAT SALE OF DOMESTIC-BASED OPERATIONS OF M&I CONSTITUTED LIQUIDATION EVENT.  Full Article

AETI Q2 Loss Per Share From Consolidated Operations $0.23
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - American Electric Technologies Inc ::AETI ANNOUNCES Q2 RESULTS.AMERICAN ELECTRIC TECHNOLOGIES INC QTRLY REVENUE, WHICH RELATED TO ITS BRAZILIAN SUBSIDIARY, OF $2.1 MILLION, UP 56%.AMERICAN ELECTRIC TECHNOLOGIES INC QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.01.AMERICAN ELECTRIC TECHNOLOGIES INC QTRLY LOSS PER SHARE FROM CONSOLIDATED OPERATIONS $0.23.  Full Article

American Electric Technologies's M&I Electric Business Awarded $3 Mln Contract
Wednesday, 20 Jun 2018 

June 20 (Reuters) - American Electric Technologies Inc ::AMERICAN ELECTRIC TECHNOLOGIES - CO'S M&I ELECTRIC BUSINESS AWARDED $3 MILLION CONTRACT FOR A NEW NORTH AMERICA-DEPLOYED OFFSHORE DRILLING PLATFORM.  Full Article

Aeti Q1 Revenue $8.3 Million
Tuesday, 15 May 2018 

May 15 (Reuters) - American Electric Technologies Inc ::AETI ANNOUNCES Q1 RESULTS.Q1 REVENUE $8.3 MILLION.AMERICAN ELECTRIC TECHNOLOGIES - CO REPORTED A 32% IMPROVEMENT IN BACKLOG, UP FROM YEAR ENDING BACKLOG OF $18.9 MILLION TO $24.9 MILLION IN Q1.  Full Article

Aeti Reports Qtrly Earnings Per Share $0.26
Thursday, 29 Mar 2018 

March 29 (Reuters) - American Electric Technologies Inc ::AETI REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS.Q4 REVENUE ROSE 37 PERCENT TO $12.9 MILLION.QTRLY EARNINGS PER SHARE $0.26.QUARTER ENDING BACKLOG OF $18.9 MILLION, DOWN 20% FROM $23.5 REPORTED AT END OF Q3 OF 2017.  Full Article

American Electric qtrly ‍loss per share $0.13​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - American Electric Technologies Inc : :American Electric Technologies Inc - ‍AETI announced revenue for quarter of $13.3 million, up 52% from $8.7 million reported in Q3 of 2016​.American Electric Technologies - ‍during quarter, company's business operations in Houston and Beaumont Texas were adversely impacted by hurricane Harvey​.American Electric Technologies Inc - ‍negative revenue impact of $2.5 million in quarter due to hurricanes​.American Electric Technologies Inc qtrly ‍loss per share $0.13​.American Electric Technologies Inc - ‍company reported quarter ending backlog of $23.5 million, up 3% from $22.7 reported at end of Q2 of 2017​.  Full Article