Nine Energy Service Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
NINE$7.26+8.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income and Comprehensive Income (Loss)
(In thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Service | $106,744 | $108,058 | $313,608 | $356,254 |
| Product | 31,413 | 32,559 | 99,070 | 109,199 |
| 138,157 | 140,617 | 412,678 | 465,453 | |
| Cost and expenses | ||||
| Cost of revenues (exclusive of depreciation and amortization shown separately below) | ||||
| Service | 89,142 | 91,131 | 266,415 | 287,928 |
| Product | 24,309 | 26,545 | 75,090 | 84,308 |
| General and administrative expenses | 12,366 | 13,060 | 37,113 | 47,007 |
| Depreciation | 6,226 | 7,285 | 19,562 | 22,138 |
| Amortization of intangibles | 2,796 | 2,895 | 8,388 | 8,687 |
| Loss on revaluation of contingent liability | 383 | 493 | 191 | 412 |
| (Gain) loss on sale of property and equipment | 484 | 21 | 485 | (407) |
| Income (loss) from operations | 2,451 | (813) | 5,434 | 15,380 |
| Interest expense | 12,879 | 12,858 | 38,453 | 38,306 |
| Interest income | (196) | (462) | (660) | (946) |
| Other income | (162) | (162) | (486) | (486) |
| Loss before income taxes | (10,070) | (13,047) | (31,873) | (21,494) |
| Provision for income taxes | 73 | 215 | 366 | 414 |
| Net loss | $(10,143) | $(13,262) | $(32,239) | $(21,908) |
| Loss per share | ||||
| Basic | $(0.26) | $(0.39) | $(0.89) | $(0.66) |
| Diluted | $(0.26) | $(0.39) | $(0.89) | $(0.66) |
| Weighted average shares outstanding | ||||
| Basic | 39,209,798 | 33,659,386 | 36,188,175 | 33,090,792 |
| Diluted | 39,209,798 | 33,659,386 | 36,188,175 | 33,090,792 |
| Other comprehensive loss, net of tax | ||||
| Foreign currency translation adjustments, net of $0 tax in each period | $(9) | $(22) | $(166) | $(244) |
| Total other comprehensive loss, net of tax | (9) | (22) | (166) | (244) |
| Total comprehensive loss | $(10,152) | $(13,284) | $(32,405) | $(22,152) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.