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Frank's International Q2 net loss narrows YOY

Netherlands-based oil services provider Frank's International NV on Aug. 6 reported a second-quarter net loss of $15.2 million, or a loss of 7 cents per share, compared to a net loss of $25.8 million, or a loss of 12 cents per share, in the second quarter of 2018.

Total revenue was $155.7 million, compared to $132.1 million in the same quarter a year ago. The company's operating loss was $12.5 million, compared to the operating loss of $23.8 million posted during the corresponding period in 2018.

The company's free cash flow for the quarter was $3.3 million, compared to negative free cash flow of $21.9 million a year ago.