secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001193125-23-202985
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q2 revenue $161.4M, net loss $2.5M; Q3 outlook down; director resigns
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- Revenue $161.4M (within guidance $158-166M), net loss $(2.5)M or $(0.08) per share.
- Adjusted EBITDA $21.7M; gross profit $24.2M; adjusted gross profit $34.0M.
- CEO: Q3 revenue and earnings expected to be down sequentially due to rig-count declines and pricing pressure.
- Director David C. Baldwin resigned effective Aug 3, 2023 for personal reasons; no disagreement with company.
- Total liquidity $60.1M ($41.1M cash, $19M revolver availability) as of June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523202985/0001193125-23-202985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312523202985/d524399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-202985

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