U. S. Well Services, Inc. (USWS) Misses Q2 EPS by 8c

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Go back to U. S. Well Services, Inc. (USWS) Misses Q2 EPS by 8c

U.S. Well Services Announces Second Quarter 2021 Financial and Operational Results

August 11, 2021 4:15 PM EDT

HOUSTON, Aug. 11, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (the "Company", "U.S. Well Services" or "we") (NASDAQ: USWS) today reported second quarter 2021 financial and operational results.  

Second Quarter 2021 Highlights

Issued $125.5 million of Convertible Senior Notes, raising $86.5 million of gross cash proceeds Entered into license agreement with ProFrac Manufacturing, LLC ("ProFrac"), providing ProFrac with a five-year option to purchase up to 20 licenses to build electric fleets using Clean Fleet® technology worth up to $165 million; as of June 30, 2021, three licenses were sold, generating $22.5 million... More