QS Energy Inc. (“QS Energy” or “Company” or “we” or “us” or “our”) develops and seeks to commercialize energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil transport, and reducing greenhouse gas emissions. The Company's intellectual properties include a portfolio of domestic and international patents and patents pending, a substantial portion of which have been developed in conjunction with and exclusively licensed from Temple University of Philadelphia, PA (“Temple”). QS Energy's primary technology is called Applied Oil Technology (AOT), a commercial-grade crude oil pipeline transportation flow-assurance product. Engineered specifically to reduce pipeline pressure loss increase pipeline flow rate and capacity, and reduce shippers’ reliance on diluents and drag reducing agents to meet pipeline maximum viscosity requirements, AOT is a 100% solid-state system that reduces crude oil viscosity by applying a high intensity electrical field to crude oil while in transit. AOT technology delivers reductions in crude oil viscosity and pipeline pressure loss as demonstrated in independent third-party tests performed by the U.S. Department of Energy, the PetroChina Pipeline R&D Center, and ATS RheoSystems, a division of CANNON™, at full-scale test facilities in the U.S. and China, and under commercial operating conditions on one of North America’s largest high-volume crude oil pipelines. Prior testing on a commercial crude oil condensate pipeline demonstrated high correlation between laboratory analysis and full-scale AOT operations under commercial operating conditions with onsite measurements and data collected by the pipeline operator on its supervisory control and data acquisition (“SCADA”) system. The AOT product has transitioned from laboratory testing and ongoing research and development to initial demonstration and continued testing in advance of our goal of seeking commercial acceptance and adoption by the upstream and midstream pipeline marketplace. We continue to devote the bulk of our efforts to the promotion, design, testing and the commercial manufacturing and test operations of our crude oil pipeline products in the upstream and midstream energy sector. We anticipate that these efforts will continue during 2020.
Company profile
Ticker
QSEP
Exchange
Website
CEO
Jason Lane
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SAVE THE WORLD AIR INC
SEC CIK
Corporate docs
IRS number
522088326
QSEP stock data
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Unregistered Sales of Equity Securities
5 Oct 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
10-Q
2023 Q1
Quarterly report
12 May 23
10-K
2022 FY
Annual report
30 Mar 23
10-Q
2022 Q3
Quarterly report
10 Nov 22
8-K
Unregistered Sales of Equity Securities
27 Sep 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
16 May 22
10-K
2021 FY
Annual report
31 Mar 22
Latest ownership filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 214.00 k | 214.00 k | 214.00 k | 214.00 k | 214.00 k | 214.00 k |
Cash burn (monthly) | (no burn) | 3.17 k | 70.33 k | 98.00 k | 62.33 k | 70.25 k |
Cash used (since last report) | n/a | 18.82 k | 418.07 k | 582.53 k | 370.52 k | 417.58 k |
Cash remaining | n/a | 195.18 k | -204.07 k | -368.53 k | -156.52 k | -203.58 k |
Runway (months of cash) | n/a | 61.6 | -2.9 | -3.8 | -2.5 | -2.9 |
Institutional ownership, Q2 2022
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Feb 24 | Bunting Eric | Warrants Common Stock | Grant | Acquire A | No | No | 0.07 | 330,000 | 23.10 k | 9,958,438 |
13 Feb 24 | Bunting Eric | Convertible Note Common Stock | Grant | Acquire A | No | No | 10000 | - | 10.00 k | 9,738,438 |
22 Mar 23 | Bunting Eric | Warrants Common Stock | Grant | Acquire A | No | No | 0.07 | 330,000 | 23.10 k | 9,518,438 |
22 Mar 23 | Bunting Eric | Convertible Note Common Stock | Grant | Acquire A | No | No | 15000 | - | 15.00 k | 9,188,438 |