secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001193125-24-062334
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q4 revenue $144.1M, net loss $10.3M; FY adjusted EBITDA $73.0M
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- Full year 2023 revenue $609.5M, net loss $32.2M, adjusted EBITDA $73.0M; Q4 revenue $144.1M, net loss $10.3M.
- Stinger dissolvable units sold up 18% YoY; international revenue up 16% YoY despite US rig count down 20%.
- Capital structure: new 2028 senior secured notes; ABL facility extended; prior notes redeemed.
- Q1 2024 revenue expected relatively flat vs Q4; no catalyst for near-term activity increase.
- Liquidity: cash $30.8M, $28.1M revolver availability; total liquidity $58.9M; $5M revolver paydown post-quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312524062334/0001193125-24-062334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312524062334/d805833d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-062334

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