Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q3 24
Portfolio Pulse from
Stonegate Capital Partners has updated its coverage on Forum Energy Technologies, Inc. (NYSE: FET) following the company's Q3 2024 financial results. FET reported revenue of $207.8M, adjusted EBITDA of $25.8M, and an adjusted net income loss of $2.3M.
November 05, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Forum Energy Technologies reported Q3 2024 revenue of $207.8M, adjusted EBITDA of $25.8M, and an adjusted net income loss of $2.3M. Stonegate Capital Partners has updated its coverage on the company.
The update from Stonegate Capital Partners and the financial results are significant for investors. The revenue and EBITDA are positive, but the net income loss may concern some investors. The neutral score reflects mixed signals from the financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100