{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-024200","form_type":"8-K","ticker":"NCSM","cik":"0001692427","company_name":"NCS Multistage Holdings, Inc.","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.688512+00:00","generated_at":"2026-05-17T22:22:29.423412+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NCS Multistage Q2 revenue up 23% to $36.5M, net income $0.9M, acquires Reservoir Metrics","bullets":["Revenue of $36.5M (+23% YoY); net income $0.9M vs loss $3.1M; diluted EPS $0.34 vs ($1.21).","Adjusted EBITDA $2.2M (+$1.3M YoY); adjusted gross margin 36% vs 40%. Cash $25.4M, debt $7.7M (capital leases).","Acquired Reservoir Metrics (ResMetrics) for all cash; trailing 12-month revenue >$10M, EBITDA margin >30%.","Revenue growth driven by fracturing systems and frac plug sales in Canada and US despite industry headwinds.","Management guided cautious optimism for H2 2025 citing declining rig counts and tariff uncertainties."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-024200","json":"https://secwatch.observer/filing/0001437749-25-024200.json","markdown":"https://secwatch.observer/filing/0001437749-25-024200.md","text":"https://secwatch.observer/filing/0001437749-25-024200.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692427/000143774925024200/0001437749-25-024200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692427/000143774925024200/ncsm20250505_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:22:29.423412+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"}