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U.S. Well Services: Q4 Earnings Snapshot

March 10, 2021 GMT

HOUSTON (AP) _ U.S. Well Services, Inc. (USWS) on Wednesday reported a loss of $29.2 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 46 cents. Losses, adjusted for non-recurring costs and severance costs, were 39 cents per share.

The company posted revenue of $48.1 million in the period.

For the year, the company reported that its loss widened to $235.7 million, or $3.88 per share. Revenue was reported as $244 million.

In the final minutes of trading on Wednesday, the company’s shares hit $1.55. A year ago, they were trading at 57 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USWS at https://www.zacks.com/ap/USWS