secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001562762-23-000228
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000156276223000228/0001562762-23-000228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000156276223000228/ncsm-20230509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000228

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