Nine Energy Service Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
NINE$7.26+8.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income and Comprehensive Income (Loss)
(In thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Service | $106,893 | $125,620 |
| Product | 35,227 | 37,788 |
| 142,120 | 163,408 | |
| Cost and expenses | ||
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | ||
| Service | 90,090 | 98,167 |
| Product | 25,916 | 28,951 |
| General and administrative expenses | 12,265 | 19,714 |
| Depreciation | 6,734 | 7,420 |
| Amortization of intangibles | 2,796 | 2,896 |
| Gain on revaluation of contingent liability | (74) | (292) |
| Gain on sale of property and equipment | (26) | (330) |
| Income from operations | 4,419 | 6,882 |
| Interest expense | 12,792 | 12,454 |
| Interest income | (310) | (185) |
| Other income | (162) | (162) |
| Loss before income taxes | (7,901) | (5,225) |
| Provision for income taxes | 154 | 884 |
| Net loss | $(8,055) | $(6,109) |
| Loss per share | ||
| Basic | $(0.24) | $(0.19) |
| Diluted | $(0.24) | $(0.19) |
| Weighted average shares outstanding | ||
| Basic | 33,850,317 | 32,304,361 |
| Diluted | 33,850,317 | 32,304,361 |
| Other comprehensive loss, net of tax | ||
| Foreign currency translation adjustments, net of $0 tax in each period | $(210) | $(168) |
| Total other comprehensive loss, net of tax | (210) | (168) |
| Total comprehensive loss | $(8,265) | $(6,277) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.