Forum energy technologies announces fourth quarter and full year 2024 results and outlook; delivers $92 million of operating cash flow

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced fourth quarter 2024 revenue of $201 million and orders of $190 million. fourth quarter net loss of $104 million includes a non-cash, pre-tax intangible asset impairment of $119 million and an $11 million tax valuation allowance release. net loss for 2024 was $135 million, or $11.00 per diluted share. adjusted net loss for the quarter was $6 million and $11 million for 2024.1 neal lux, president and chief execu.
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