secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-236390
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Service Q2 2021 revenue $84.8M, net loss $(24.5)M; sees double-digit Q3 growth
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- Revenue $84.8M (+27% QoQ) exceeded guidance midpoint; net loss $(24.5)M, basic loss per share $(0.81).
- Adjusted net loss $(23.8)M, adjusted basic loss per share $(0.78), adjusted EBITDA $(0.4)M.
- Inventory write-down of $2.4M on legacy tools negatively impacted operating results.
- Dissolvable plug sales up 40% QoQ; US completions up only 19%.
- Liquidity $85.4M ($33.1M cash, $52.3M undrawn revolver); Q3 expected double-digit sequential revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312521236390/0001193125-21-236390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312521236390/d203539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer