FET - Forum Energy reports Q2 earnings; raises FY22 guidance and issues Q3 outlook

• Forum Energy press release ( NYSE: FET ): Q2 Non-GAAP EPS of -$0.73.
• Revenue of $172.2M (+25.7% Y/Y).
• Orders of $203M and book-to-bill ratio of 1.18
• Adjusted EBITDA of $15.5M, a sequential increase of 74%.
• "We forecast third quarter revenue to be between $170 and $180 million, and adjusted EBITDA of $16 to $19 million. On a full year basis, our financial outlook has improved, and we now expect adjusted EBITDA to be near the top end of our previous guidance range of $50 to $60 million."

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