FET Q1 2022 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q1 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$155M+35.5% YoY

Gross Profit

$39M24.9% margin

Operating Income

-$6M-3.7% margin

Net Income

-$9M-5.9% margin

EPS (Diluted)

$-1.62

QoQ Revenue Growth

+4.8%

Cash Flow

Operating Cash Flow

-$25M

Free Cash Flow

-$26M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$791M

Total Liabilities

$476M

Stockholders' Equity

$315M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$155M	$115M	+35.5%
Gross Profit	$39M	$26M	+47.5%
Operating Income	-$6M	-$15M	+62.7%
Net Income	-$9M	-$30M	+69.0%

Revenue Segments

Stimulation and Intervention

$30M19%

Drilling Technologies

$29M19%

Subsea Technologies

$22M14%

Coiled Tubing

$22M14%

Downhole Technologies

$20M13%

Valve Solutions

$16M11%

Production Equipment

$15M10%

Geographic Segments

UNITED STATES

$97M63%

Europe and Africa

$15M10%

CANADA

$11M7%

Middle East

$11M7%

Latin America

$11M7%

Asia Pacific

$9M6%