NINE Q3 2024 Earnings — Nine Energy Service, Inc. Revenue & Financial Results | Market Cap Arena

NINENine Energy Service, Inc.

$537247

Q3 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$138M-1.7% YoY

Gross Profit

$16M11.4% margin

Operating Income

$2M1.8% margin

Net Income

-$10M-7.3% margin

EPS (Diluted)

$-0.26

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$9M

Stock-Based Comp.

$837,000

Balance Sheet

Total Assets

$353M

Total Liabilities

$411M

Stockholders' Equity

-$58M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$141M	-1.7%
Gross Profit	$16M	$13M	+22.9%
Operating Income	$2M	-$813,000	+401.5%
Net Income	-$10M	-$13M	+23.5%

Revenue Segments

Service Revenue

$107M39%

Cement

$51M19%

Tools

$31M11%

Tool Revenue

$31M11%

Wireline

$28M10%

Coiled Tubing

$28M10%