 HOUSTON, June 9, 2021 PRNewswire -- KLX Energy Services Holdings, Inc. Nasdaq: KLXE KLXE or the Company today reported its financial results for the fiscal first quarter ended April 30, 2021. Fiscal First Quarter 2021 Highlights Fiscal first quarter 2021 revenue of 90.8 million increased 4.0 million, or 4.6, sequentially from the fiscal fourth quarter 2020 Fiscal first quarter 2021 net loss was 36.8 million compared to 30.5 million for the fiscal fourth quarter 2020 Fiscal first quarter 2021 net loss and Adjusted EBITDA loss were primarily driven by white space on the calendar resulting from Winter Storm Uri and customer scheduling issues Ended fiscal first quarter 2021 with 37.9 million in cash and a liquidity position of 79.3 million Fiscal Second Quarter 2021 Outlook Improving Drilling, Completion and Production activity continued to increase throughout fiscal first quarter 2021 and this trend is expected to accelerate in fiscal second quarter 2021, driving an anticipated total revenue increase between 15 to 20 Identified an additional 4.4 million of annualized cost savings that we expect will be fully implemented by the end of the fiscal second quarter 2021 Expect a material improvement in quarterly Adjusted EBITDA in fiscal second quarter 2021 See Non-GAAP Financial Measures at the end of this release for a discussion of Adjusted EBITDA, Pro Forma Adjusted SGA Expense, free cash flow, net working capital and their reconciliation to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles GAAP. 