secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-138425
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q1 rev $163.4M, net loss $6.1M, guidance soft for Q2
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- Q1 revenue $163.4M within guidance; net loss $6.1M ($0.19/diluted share); adjusted EBITDA $25.0M.
- Completion tool revenue up 7% QoQ; Stinger dissolvable plugs sold up ~23% driven by international sale.
- Liquidity $47.4M (cash $21.4M, revolver availability $26.0M); capex $5.0M; operating cash flow $4.0M.
- Expects Q2 revenue down slightly sequentially on price pressure in Northeast and Haynesville, citing softness in natural gas.
- Stockholders approved 2M share increase in incentive plan, banned share recycling and dividends on unvested awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/0001193125-23-138425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523138425/d425416d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138425

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