---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024123"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:25:55.932523+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q2 revenue up 17% to $29.7M; net loss narrows to $3.1M

## Summary
- Revenue $29.7M (+17% YoY); net loss $(3.1)M vs $(32.2)M loss in Q2 2023 (included $24.9M litigation provision).
- Adjusted EBITDA $0.9M, improvement of $3.2M YoY; adjusted EBITDA margin 3% vs (9)%.
- Gross margin 38% (up from 31%); adjusted gross margin 40% (up from 33%).
- Cash $18.6M; total debt $8.9M (finance leases); free cash flow less distributions $3.2M in H1 2024 vs -$2.0M.
- Q3 revenue expected to improve YoY and sequentially; U.S. activity seen down 5-10% in 2024; international up ~5%.

## SEC filing metadata
- accession: 0001437749-24-024123
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000143774924024123/0001437749-24-024123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774924024123/ncsm20240516_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024123
- JSON: https://secwatch.observer/filing/0001437749-24-024123.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.