FET Q4 2022 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q4 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$191M+28.8% YoY

Gross Profit

$50M26.2% margin

Operating Income

$2M1.0% margin

Net Income

-$13M-6.7% margin

EPS (Diluted)

$-1.23

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$12M

Stock-Based Comp.

$668,000

Balance Sheet

Total Assets

$835M

Total Liabilities

$528M

Stockholders' Equity

$307M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$148M	+28.8%
Gross Profit	$50M	$30M	+66.1%
Operating Income	$2M	-$13M	+115.6%
Net Income	-$13M	-$20M	+34.7%

Revenue Segments

Drilling And Downhole

$81M52%

Completions

$74M48%