FET Q1 2023 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q1 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$189M+21.8% YoY

Gross Profit

$52M27.6% margin

Operating Income

$7M3.6% margin

Net Income

-$3M-1.8% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

-$23M

Free Cash Flow

-$24M

Stock-Based Comp.

$841,000

Balance Sheet

Total Assets

$850M

Total Liabilities

$433M

Stockholders' Equity

$417M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$155M	+21.8%
Gross Profit	$52M	$39M	+34.9%
Operating Income	$7M	-$6M	+220.0%
Net Income	-$3M	-$9M	+62.1%

Revenue Segments

Drilling And Downhole

$77M41%

Completions

$74M39%

Production

$39M21%