NINE Q2 2024 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q2 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$132M-18.0% YoY

Gross Profit

$11M8.3% margin

Operating Income

-$1M-1.1% margin

Net Income

-$14M-10.6% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-6.8%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$10M

Stock-Based Comp.

$807,000

Balance Sheet

Total Assets

$382M

Total Liabilities

$431M

Stockholders' Equity

-$50M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$161M	-18.0%
Gross Profit	$11M	$24M	-53.7%
Operating Income	-$1M	$9M	-115.4%
Net Income	-$14M	-$3M	-453.4%

Revenue Segments

Service Revenue

$100M38%

Cement

$46M17%

Tool Revenue

$32M12%

Tools

$32M12%

Wireline

$28M11%

Coiled Tubing

$26M10%