FLSS | Forbes Energy Services Ltd. Annual & Quarterly

Annual Income Statements

(In USD)

Breakdown	2022	2021	2020	2019	2018	2017
Revenue	-	-	-	188.42 Million	180.89 Million	127.24 Million
Cost of Revenue	-	-	-	189 Million	177.36 Million	140.99 Million
Gross Profit	-	-	-	-579 Thousand	3.53 Million	-13.75 Million
Operating Expenses	-	-	-	24.06 Million	25.39 Million	19.28 Million
Selling, General and Administrative Expenses	-	-	-	24.06 Million	25.39 Million	19.28 Million
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	-	-	-	-	-	-
Cost and Expenses	-	-	-	213.06 Million	202.75 Million	160.28 Million
Operating Income	-	-	-	-24.59 Million	-21.86 Million	-33.04 Million
Interest Expense	-	-	-	24.72 Million	11.15 Million	-
Income Tax Expense	-	-	-	-144 Thousand	-403 Thousand	270 Thousand
Earnings before Tax	-	-	-	-68.54 Million	-33.01 Million	1.51 Million
Net Income	-	-	-	-68.39 Million	-32.6 Million	1.24 Million
Earnings Per Share Basic	-	-	-	-12.50	-6.07	0.06
Earnings Per Share Diluted	-	-	-	-12.50	-6.07	0.06
Weighted Average Shares Outstanding	-	-	-	5.47 Million	5.36 Million	22.21 Million
Weighted Average Shares Outstanding (Diluted)	-	-	-	5.47 Million	5.36 Million	22.21 Million
Gross Margin	-	-	-	-0.00	0.02	-0.11
EBIT Margin	-	-	-	0.03	0.05	0.00
Profit Margin	-	-	-	-0.36	-0.18	0.01
EBITDA	-	-	-	-14.41 Million	8.69 Million	611 Thousand
Earnings Before Tax Margin	-	-	-	-0.13	-0.12	-0.26

Breakdown	2022 FY	2021 FY	2020 FY	2020 Q1	2019 Q4	2019 FY
Revenue	-	-	-	30.46 Million	34.77 Million	188.42 Million
Cost of Revenue	-	-	-	34.8 Million	37.66 Million	189 Million
Gross Profit	-	-	-	-4.34 Million	-2.89 Million	-579 Thousand
Operating Expenses	-	-	-	5.91 Million	6.57 Million	24.06 Million
Selling, General and Administrative Expenses	-	-	-	5.91 Million	6.57 Million	-
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	-	-	-	-	-	-
Cost and Expenses	-	-	-	40.71 Million	44.24 Million	213.06 Million
Operating Income	-	-	-	-54.17 Million	-9.47 Million	-24.59 Million
Interest Expense	-	-	-	5.75 Million	5.61 Million	24.72 Million
Income Tax Expense	-	-	-	-102 Thousand	-117 Thousand	-144 Thousand
Earnings before Tax	-	-	-	-59.91 Million	-15.05 Million	-68.54 Million
Net Income	-	-	-	-59.81 Million	-14.94 Million	-68.39 Million
Earnings Per Share Basic	-	-	-	-10.83	-2.70	-
Earnings Per Share Diluted	-	-	-	-10.83	-2.70	-
Weighted Average Shares Outstanding	-	-	-	5.52 Million	5.52 Million	5.47 Million
Weighted Average Shares Outstanding (Diluted)	-	-	-	5.52 Million	5.52 Million	5.47 Million
Gross Margin	-	-	-	-0.14	-0.08	-0.00
EBIT Margin	-	-	-	-0.14	-0.09	-
Profit Margin	-	-	-	-1.96	-0.43	-0.36
EBITDA	-	-	-	-4.12 Million	-2.97 Million	-
Earnings Before Tax Margin	-	-	-	-1.78	-0.27	-0.13