Company: NINE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001532286-25-000011
Chunk: 11

Company: Nine Energy Service, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
 these condensed consolidated financial statements.

1

NINE ENERGY SERVICE, INC.

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

(In thousands, except share and per share amounts)

(Unaudited)

 Three Months Ended March 31, 20252024RevenuesService$116,627 $106,893 Product33,839 35,227 150,466 142,120 Cost and expensesCost of revenues (exclusive of depreciation and amortization shown separately below)Service95,584 90,090 Product26,886 25,916 General and administrative expenses13,263 12,265 Depreciation5,837 6,734 Amortization of intangibles2,796 2,796 Loss (gain) on revaluation of contingent liability25 (74)Loss (gain) on sale of property and equipment446 (26)Income from operations5,629 4,419 Interest expense12,876 12,792 Interest income(139)(310)Other income(162)(162)Loss before income taxes(6,946)(7,901)Provision for income taxes115 154 Net loss$(7,061)$(8,055)Loss per shareBasic$(0.18)$(0.24)Diluted$(0.18)$(0.24)Weighted average shares outstandingBasic40,164,443 33,850,317 Diluted40,164,443 33,850,317 Other comprehensive income (loss), net of taxForeign currency translation adjustments, net of $0 tax in each period$262 $(210)Total other comprehensive income (loss), net of tax262 (210)Total comprehensive loss$(6,799)$(8,265)

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

 2

NINE ENERGY SERVICE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

(In thousands, except share amounts)

(Unaudited)

Common StockAdditionalPaid-in CapitalAccumulatedOtherComprehensiveIncome (Loss)RetainedEarnings(Accumulated Deficit)TotalStockholders’ Equity (Deficit)SharesAmountsBalance, December 31, 202442,348,643 $423 $806,231 $(5,406)$(867,312)