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Stock impact report

Nine Energy Service Announces Fourth Quarter and Full Year 2017 Results

Nine Energy Service, Inc. (NINE) 
Last nine energy service, inc. earnings: 3/9 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: nineenergyservice.com/about/our-leadership
Company Research Source: Business Wire
Full year 2017 Revenue and Adjusted EBITDAA increased approximately 93% and 506%, respectively year-over-year Revenue, Net Loss and Adjusted EBITDA of $154.3, $(29.8) million and $18.7 million, respectively for fourth quarter of 2017 HOUSTON--(BUSINESS WIRE)-- Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported fourth quarter 2017 revenues of $154.3 million, net loss of $(29.8) million and adjusted EBITDA of $18.7 million. Fourth quarter 2017 revenues increased approximately 93% as compared to the fourth quarter 2016 revenues of $80.0 million. Fourth quarter net loss was $(29.8) million as compared to a net loss of $(25.8) million in the fourth quarter of 2016, primarily as a result of the goodwill impairment described below. Fourth quarter 2017 adjusted EBITDA increased from fourth quarter 2016 adjusted EBITDA of $5.2 million by approximately 258% an Show less Read more
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