NINE Q3 2023 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q3 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$141M-16.0% YoY

Gross Profit

$13M9.1% margin

Operating Income

-$813,000-0.6% margin

Net Income

-$13M-9.4% margin

EPS (Diluted)

$-0.39

QoQ Revenue Growth

-12.9%

Cash Flow

Operating Cash Flow

-$10M

Free Cash Flow

-$14M

Stock-Based Comp.

$580,000

Balance Sheet

Total Assets

$387M

Total Liabilities

$413M

Stockholders' Equity

-$26M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$141M	$167M	-16.0%
Gross Profit	$13M	$35M	-63.0%
Operating Income	-$813,000	$20M	-104.1%
Net Income	-$13M	$14M	-192.8%

Revenue Segments

Cement

$52M37%

Tools

$33M23%

Wireline

$28M20%

Coiled Tubing

$28M20%