U.S. Well Services: Q4 Earnings Snapshot
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.