CVEO Q1 2023 Earnings — Civeo Corporation Revenue & Financial Results | Market Cap Arena

CVEOCiveo Corporation

$360M

Q1 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$168M+1.2% YoY

Gross Profit

$34M20.3% margin

Operating Income

-$4M-2.3% margin

Net Income

-$6M-3.8% margin

EPS (Diluted)

$-0.42

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$358,000

Free Cash Flow

-$4M

Stock-Based Comp.

$867,000

Balance Sheet

Total Assets

$551M

Total Liabilities

$259M

Stockholders' Equity

$289M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$168M	$166M	+1.2%
Gross Profit	$34M	$40M	-14.5%
Operating Income	-$4M	$4M	-192.1%
Net Income	-$6M	$1M	-550.6%

Revenue Segments

Service and Other

$167M100%

Product

$193,0000%