FETForum Energy Technologies, Inc.

$706M

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$202M+7.1% YoY

Gross Profit

$64M31.5% margin

Operating Income

$3M1.6% margin

Net Income

-$10M-5.1% margin

EPS (Diluted)

$-0.85

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$2M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$575M

Stockholders' Equity

$446M

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$202M	$189M	+7.1%
Gross Profit	$64M	$52M	+22.4%
Operating Income	$3M	$7M	-53.3%
Net Income	-$10M	-$3M	-195.9%

FET Q1 2024 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena