NINE Q1 2024 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q1 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$142M-13.0% YoY

Gross Profit

$17M11.7% margin

Operating Income

$4M3.1% margin

Net Income

-$8M-5.7% margin

EPS (Diluted)

$-0.24

QoQ Revenue Growth

-1.4%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$14M

Stock-Based Comp.

$581,000

Balance Sheet

Total Assets

$380M

Total Liabilities

$424M

Stockholders' Equity

-$43M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$142M	$163M	-13.0%
Gross Profit	$17M	$26M	-36.2%
Operating Income	$4M	$7M	-35.8%
Net Income	-$8M	-$6M	-31.9%

Revenue Segments

Cement

$48M34%

Tools

$35M25%

Coiled Tubing

$31M22%

Wireline

$28M20%