earnings
confidence high
sentiment neutral
materiality 0.60
Nine Energy Service Q4 revenue $105.1M beats guidance; full year net loss $64.6M
Nine Energy Service, Inc.
- Q4 revenue $105.1M, above guidance of $92-100M; net loss $15.7M, adjusted EBITDA $4.6M.
- Full year 2021 revenue $349.4M, net loss $64.6M, adjusted EBITDA $5.2M; basic loss per share $2.13.
- Q4 basic loss per share $0.52; adjusted basic loss per share $0.52.
- Market share of U.S. stages completed grew from ~20% to ~22% in 2021; Stinger Dissolvable plug sales up >400%.
- Liquidity $64.7M as of Dec 31, 2021; capex $14.8M, below $15-20M guidance; expects sequential revenue growth in Q1 2022.