FET Q2 2023 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$185M+7.7% YoY

Gross Profit

$51M27.7% margin

Operating Income

$6M3.5% margin

Net Income

-$7M-3.5% margin

EPS (Diluted)

$-0.65

QoQ Revenue Growth

-1.9%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$844M

Total Liabilities

$424M

Stockholders' Equity

$419M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$172M	+7.7%
Gross Profit	$51M	$49M	+5.6%
Operating Income	$6M	$5M	+26.2%
Net Income	-$7M	$9M	-171.0%

Revenue Segments

Drilling And Downhole

$81M43%

Completions

$72M39%

Production

$33M18%