FET Q2 2021 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q2 2021 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$137M+21.3% YoY

Gross Profit

$32M23.4% margin

Operating Income

-$10M-7.3% margin

Net Income

-$22M-15.9% margin

EPS (Diluted)

$-3.87

QoQ Revenue Growth

+20.0%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

$3M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$804M

Total Liabilities

$442M

Stockholders' Equity

$362M

Cash & Equivalents

$60M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$137M	$113M	+21.3%
Gross Profit	$32M	$13M	+149.6%
Operating Income	-$10M	-$35M	+71.9%
Net Income	-$22M	-$5M	-296.9%

Revenue Segments

Drilling Technologies

$28M20%

Stimulation and Intervention

$24M18%

Coiled Tubing

$22M16%

Production Equipment

$17M13%

Subsea Technologies

$17M13%

Downhole Technologies

$17M12%

Valve Solutions

$12M9%

Geographic Segments

UNITED STATES

$77M56%

Europe and Africa

$16M11%

Asia Pacific

$15M11%

Middle East

$12M9%

CANADA

$10M7%

Latin America

$7M5%