Norris Industries, INC
Market Movers (8-K)
OQB
Norris Industries, Inc. announced the engagement of Sadler, Gibb & Associates, LLC as its new independent registered public accounting firm, replacing BDO USA, PC.
OQB
Norris Industries, Inc. has dismissed its independent registered public accounting firm, BDO USA, P.C., following a disagreement over the accounting treatment of Series A Convertible Preferred Stock and identified material weaknesses in internal controls.
Worse than expected
OQB
Norris Industries, Inc. announced the appointment of BDO USA, P.C. as its new independent registered public accounting firm following Horne LLP's resignation due to a merger.
Quarterly Earnings (10-Q)
OQB
Norris Industries reported a slight decrease in Q1 2026 revenue and a significant increase in general and administrative expenses, while cash used in operations also rose.
Worse than expected
Capital raise
OQB
Norris Industries, Inc. reported a significant increase in net losses and negative working capital, raising substantial doubt about its ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
OQB
Norris Industries, Inc. reported a net loss of $167,408 for the three months ended May 31, 2025, alongside a decrease in oil and gas sales and an increase in cash used in operating activities, highlighting ongoing liquidity challenges and reliance on related-party financing.
Worse than expected
Capital raise
Delay expected
OQB
Norris Industries reported a net loss of $156,461 for the third quarter of 2024, despite a slight increase in revenue compared to the same period last year.
Worse than expected
Delay expected
Capital raise
OQB
Norris Industries experienced a slight decrease in revenue and a net loss for the second quarter of 2024, while managing to reduce operating expenses.
Worse than expected
Delay expected
Capital raise
OQB
Norris Industries saw a revenue increase in the first quarter of 2025 compared to the same period last year, but continues to operate at a loss.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
OQB
Norris Industries reports a net loss of $661,431 for fiscal year 2026, citing production declines and well abandonment costs.
Worse than expected
Capital raise
OQB
Norris Industries, an oil and gas exploration and production company, reported a net loss of $561,574 for fiscal year 2025, continuing its trend of losses since 2016 and highlighting its ongoing reliance on related-party financing.
Worse than expected
Capital raise
Delay expected
OQB
Norris Industries, an oil and gas exploration and production company, reported a net loss for fiscal year 2024, impacted by decreased oil and gas prices and production, while also highlighting strategic plans for future growth.
Worse than expected
Delay expected
Capital raise
Insider Trading (Form 4)
OQB
Patrick L. Norris, Director and Officer of Norris Industries, Inc., reported transactions involving preferred and common stock, including a significant contribution of preferred stock to the company.
OQB
Patrick L. Norris, Chairman, CEO, and CFO of Norris Industries, acquired 17,362,675 shares of convertible stock through JBB Partners, Inc., increasing his indirect holdings to 47,282,675 shares.
Schedule 13D - Activist Investments
OQB
Patrick L. Norris has amended his Schedule 13D filing for Norris Industries, Inc. to reflect the contribution of preferred stock to the company's capital.
OQB
SCHEDULE: Patrick L. Norris Increases Stake in Norris Industries to 72.17% Following Debt Conversion
Patrick L. Norris now holds 72.17% of Norris Industries' common stock after converting a loan into shares.