earnings
confidence high
sentiment positive
materiality 0.70
Nine Energy Q2 2022 revenue $142.3M beats guidance; net loss narrows to $1.0M
Nine Energy Service, Inc.
2022-Q2 EPS reported
-$0.26
revenue$259,281,000
- Revenue $142.3M, above $130-140M guidance, up ~22% sequentially.
- Net loss $(1.0)M; adjusted net loss $(0.2)M ($(0.01) per share).
- Adjusted EBITDA $18.9M; gross profit $19.8M (up 56% QoQ).
- Total liquidity $74.5M (cash $22.4M + $52.1M revolver availability).
- Management expects Q3 sequential revenue, EBITDA, and cash flow improvement.