NINE Q2 2023 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q2 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$161M+13.4% YoY

Gross Profit

$24M14.7% margin

Operating Income

$9M5.8% margin

Net Income

-$3M-1.6% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$21M

Stock-Based Comp.

$522,000

Balance Sheet

Total Assets

$438M

Total Liabilities

$452M

Stockholders' Equity

-$13M

Cash & Equivalents

$41M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$142M	+13.4%
Gross Profit	$24M	$19M	+22.4%
Operating Income	$9M	$6M	+45.1%
Net Income	-$3M	-$978,000	-159.4%

Revenue Segments

Cement

$58M36%

Tools

$39M24%

Coiled Tubing

$33M21%

Wireline

$31M19%