{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-013867","form_type":"8-K","ticker":"NCSM","cik":"0001692427","company_name":"NCS Multistage Holdings, Inc.","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.363319+00:00","generated_at":"2026-05-23T02:28:45.476949+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NCS Q1 revenue $50.0M (+14% YoY), EPS $1.51, adj. EBITDA $8.2M","bullets":["Total revenues $50.0M, up 14% YoY; net income $4.1M ($1.51 diluted EPS) vs $2.1M ($0.82) last year.","Adjusted EBITDA $8.2M, up 35% YoY; adjusted gross margin improved to 44% from 40%.","Cash $23.0M, total debt $7.6M (finance leases); net cash position $15.4M; undrawn ABL $26.8M.","Canada revenues drove growth; international revenue rose on Middle East and North Sea projects.","CEO cites cautious optimism but flags risks from global trade tensions and potential tariffs on Q2 and H2."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-013867","json":"https://secwatch.observer/filing/0001437749-25-013867.json","markdown":"https://secwatch.observer/filing/0001437749-25-013867.md","text":"https://secwatch.observer/filing/0001437749-25-013867.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692427/000143774925013867/0001437749-25-013867-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692427/000143774925013867/ncsm20241216_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:28:45.476949+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}