---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000228"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:26:11.116326+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562762-23-000228
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000156276223000228/0001562762-23-000228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000156276223000228/ncsm-20230509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000228
- JSON: https://secwatch.observer/filing/0001562762-23-000228.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000228.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692427/000156276223000228/0001562762-23-000228-index.htm

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