 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 of income Announced plans to build four new all-electric Nyx Clean Fleets with delivery beginning in Q1 2022 Averaged 7.9 fully-utilized fleets compared to 8.8 fully-utilized fleets during the first quarter of 2021 Total revenue of 78.8 million compared to 76.3 million in the first quarter of 2021 Net loss attributable to the Company of 17.7 million compared to net loss of 20.6 million in the first quarter of 2021 Adjusted EBITDA1 of 36.9 million, or 14.4 million when excluding income associated with licensing of Clean Fleet technology, compared to 11.5 million in the first quarter of 2021 Reported annualized Adjusted EBITDA per fully-utilized fleet of 18.7 million compared to 5.2 million for the first quarter of 20212 Excluding income associated with licensing of Clean Fleet technology, annualized Adjusted EBITDA per fully-utilized fleet was 7.3 million for the second quarter of 20212 Maintenance capital expenditures were 4.8 million on an accrual basis Total liquidity, consisting of cash and availability under the Companys asset-backed revolving credit facility, was 70.7 million as of June 30, 2021 1 Each of Adjusted EBITDA and Adjusted EBITDA margin is a Non-GAAP financial measure. 