secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001193125-22-140573
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q1 2022 revenue $116.9M beat guidance; net loss $(6.9)M
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- Revenue of $116.9M, above guidance of $108-116M, up ~11% sequentially from Q4 2021.
- Net loss $(6.9)M; basic loss per share $(0.23); adjusted basic loss per share $(0.22).
- Adjusted EBITDA $12.2M; gross profit $12.7M, up ~169% QoQ; adjusted gross profit $22.6M, up ~52%.
- Total liquidity $74.6M (cash $19.9M + $54.7M revolver availability); borrowed additional $7M in April 2022.
- Management expects Q2 2022 revenue and adjusted EBITDA to improve sequentially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312522140573/0001193125-22-140573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312522140573/d312478d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-140573

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