secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001437749-24-024123
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000143774924024123/0001437749-24-024123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000143774924024123/ncsm20240516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer