Company: NINE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001532286-25-000008
Chunk: 102

Company: Nine Energy Service, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 102
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, 2024 and 2023 respectively)423 353 Additional paid-in capital806,231 795,106 Accumulated other comprehensive loss(5,406)(4,859)Accumulated deficit(867,312)(826,230)Total stockholders’ equity (deficit)(66,064)(35,630)Total liabilities and stockholders’ equity (deficit)$360,076 $401,984 

The accompanying notes are an integral part of these consolidated financial statements.

F-3

NINE ENERGY SERVICE, INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except share and per share amounts)

Year Ended December 31, 20242023RevenuesService $421,738 $464,233 Product 132,366 145,293 554,104 609,526 Cost and expensesCost of revenues (exclusive of depreciation and amortization shown separately below)Service355,636 379,365 Product101,093 111,385 General and administrative expenses51,298 59,817 Depreciation25,594 29,141 Amortization of intangibles11,183 11,516 Loss on revaluation of contingent liability104 437 Loss on sale of property and equipment256 292 Income from operations8,940 17,573 Interest expense51,321 51,119 Interest income(849)(1,270)Other income(648)(648)Loss before income taxes(40,884)(31,628)Provision for income taxes198 585 Net loss$(41,082)$(32,213)Loss per shareBasic$(1.11)$(0.97)Diluted$(1.11)$(0.97)Weighted average shares outstandingBasic37,172,63533,282,234Diluted37,172,63533,282,234Other comprehensive loss, net of taxForeign currency translation adjustments, net of $0 tax in each period$(547)$(31)Total other comprehensive loss, net of tax(547)(31)Total comprehensive loss$(41,629)$(32,244)

The accompanying notes are an integral part of these consolidated financial statements.

F-4

NINE ENERGY SERVICE, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

(In thousands, except share