NINE is bullish on the dissolvable plug’s prospect following the commercialization of its pincer hybrid frac plug and frac dart. As natural gas prices recover, its revenues will slowly gain momentum in 2025. In Q4, profitability improved through better utilization and cost reduction. However, its finances remain a concern. FCF turned negative in FY2024, while shareholders’ equity remained negative.
This content is locked
Login To Unlock The Content!