NCS Multistage Q1 revenues up 11% YoY to $43.6M; net loss of $(15.0)M includes $17.5M litigation provision

NCS Multistage Holdings, Inc.

2023-Q1 EPS reported -$6.10 revenue$43,554,000

Revenue $43.6M, up 11% YoY; adjusted EBITDA $4.9M, up $2.6M YoY.
Net loss $(15.0)M ($(6.10)/share) vs $(1.5)M loss a year ago; includes $17.5M litigation provision.
Adjusted net income $1.2M ($0.50/diluted share) vs adjusted net loss $(1.8)M.
Cash $13.6M, debt $8.4M; undrawn ABL capacity $21.1M.
Expects US/Intl sequential revenue improvement in Q2; Canada seasonal decline.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NCS Multistage Holdings, Inc. reported the quarter ended March 31, 2023 results: revenue $43.6 million, net income $(15.0) million, EPS $(6.10) per share.

Period: the quarter ended March 31, 2023
Revenue: $43.6 million
Net income: $(15.0) million
EPS: $(6.10) per share
Result: reported results

Exact text from the filing

Highway 249, Suite 600 Houston, Texas 77070 PRESS RELEASE NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS First Quarter Results · Total revenues of $43.6 million, a n 11% year-over-year increase and an 8% increase compared to the fourth quarter of 2022 · Net loss of $(15.0) million and loss per share of $(6.10) , compared to a net loss of

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Source: SEC EDGAR

accession 0001562762-23-000228

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