Forum Energy Technologies Announces Fourth Quarter and Full Year 2024 Results and Outlook; Delivers $92 Million of Operating Cash Flow
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Forum Energy Technologies reported its Q4 and full-year 2024 financial results, highlighting a $92 million operating cash flow. The company faced a net loss of $104 million in Q4, primarily due to a $119 million intangible asset impairment.
February 20, 2025 | 9:45 pm
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Forum Energy Technologies reported a Q4 2024 net loss of $104 million, largely due to a $119 million intangible asset impairment. Despite this, the company generated $92 million in operating cash flow.
The significant net loss due to asset impairment is likely to negatively impact investor sentiment in the short term. However, the strong operating cash flow may provide some reassurance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100