Forum energy technologies announces fourth quarter and full year 2023 results and outlook

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced fourth quarter 2023 revenue of $185 million, a $6 million increase from the third quarter. the fourth quarter net loss was $17 million, or $1.64 per diluted share, compared to third quarter net income of $8 million, or $0.77 per diluted share. excluding $9 million of foreign exchange losses and $4 million of transaction and other nonrecurring items, cumulatively $1.25 per share, adjusted net loss was $0.39 per.
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