secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001193125-25-047350
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy Q4 revenue $141.4M, net loss $(8.8)M; board reconfigured with three exits, two new members
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- Q4 revenue $141.4M (near high end of guidance), net loss $(8.8)M ($0.22 diluted EPS), adjusted EBITDA $14.1M.
- Full year 2024 revenue $554.1M, net loss $(41.1)M, adjusted EBITDA $53.2M; total liquidity $52.1M at year-end.
- Cementing revenue up 7% QoQ, completion tools up 6% QoQ despite flat US rig count; Q1 2025 revenue and profitability expected to increase sequentially.
- Board reduced from 8 to 6 members; Scott Schwinger named Chairman; Julie Peffer and Richard Burnett appointed as new directors.
- Three directors resigned (Danner, Harrell, Waite); two additional resignations expected later in 2025; no changes to senior management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525047350/0001193125-25-047350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000119312525047350/d890942d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-047350

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