CVEOCiveo Corporation

$360M

Q1 2024 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$166M-0.9% YoY

Gross Profit

$36M21.5% margin

Operating Income

-$2M-1.1% margin

Net Income

-$5M-3.1% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$372,000

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$513M

Total Liabilities

$213M

Stockholders' Equity

$297M

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$166M	$168M	-0.9%
Gross Profit	$36M	$34M	+4.7%
Operating Income	-$2M	-$4M	+54.4%
Net Income	-$5M	-$6M	+19.2%

Revenue Segments

Service and Other

$166M100%

Mobile Facility Rental

$383,0000%

Product

$207,0000%

Geographic Segments

Australia Segment

$92M58%

Canada Segment

$67M42%

CVEO Q1 2024 Earnings — Civeo Corporation Revenue & Financial Results | Market Cap Arena