NINE Q1 2023 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q1 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$163M+39.7% YoY

Gross Profit

$26M15.9% margin

Operating Income

$7M4.2% margin

Net Income

-$6M-3.7% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$4M

Free Cash Flow

-$2M

Stock-Based Comp.

$489,000

Balance Sheet

Total Assets

$427M

Total Liabilities

$438M

Stockholders' Equity

-$11M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$163M	$117M	+39.7%
Gross Profit	$26M	$12M	+112.7%
Operating Income	$7M	$1M	+536.0%
Net Income	-$6M	-$7M	+11.5%

Revenue Segments

Cement

$62M38%

Tools

$38M23%

Coiled Tubing

$34M21%

Wireline

$30M18%