NINE Q2 2022 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q2 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$142M+67.8% YoY

Gross Profit

$19M13.6% margin

Operating Income

$6M4.5% margin

Net Income

-$978,000-0.7% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+21.7%

Cash Flow

Operating Cash Flow

-$430,000

Free Cash Flow

-$3M

Stock-Based Comp.

$495,000

Balance Sheet

Total Assets

$396M

Total Liabilities

$442M

Stockholders' Equity

-$46M

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$142M	$85M	+67.8%
Gross Profit	$19M	-$3M	+679.5%
Operating Income	$6M	-$16M	+138.9%
Net Income	-$978,000	-$25M	+96.0%

Revenue Segments

Cement

$55M39%

Tools

$33M23%

Coiled Tubing

$28M19%

Wireline

$26M18%