Camber Reports Q1 Revenue of $8.3M & $20.2M of Stockholders' Equity

Historical Q-1 Revenue Comparison Highlights Growth Following Merger

HOUSTON, TX / ACCESSWIRE / May 13, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") filed on May 10, 2024 its quarterly report on Form 10-Q for the quarter ended 3/31/2024, and is pleased to share a comparison of revenues reported in Q-1 2024 versus revenues reported by the Company in Q-1 for the preceding few years, demonstrating growth following the closing of CEI's merger with Viking Energy Group, Inc.

Q-1 Revenue Comparison:

		CEI - Q1 Reported Revenue Comparison
		3-month period ended 3/31/2021				3-month period ended 3/31/2022				3-month period ended 3/31/2023				3-month period ended 3/31/2024
Revenue		$	33,689			$	136,407			$	93,471			$	8,292,532

Revenues for Q-1 2024 were derived primarily from the Company's power solutions' business, including from the design, sale and/or service of power generation units and systems.

Other Q-1 Highlights:

• Stockholders' Equity of $20.2 million, compared to deficit of ($19.5 million) in Q-1 2023
• Additional Patents received for Broken Conductor Protection Technology
• Milestones reached for CO2-capture technology
• Performance in Power Solutions Division
• Distribution Agreements Executed and P.O.'s Announced in Viking Ozone Division

About Camber Energy, Inc.

Foto: Accesswire

Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) an entity with intellectual property rights to a patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to patented and patent pending, ready-for-market proprietary Electric Transmission and Distribution Open Conductor Detection Systems. For more information, please visit the company's website at www.camber.energy.