earnings
confidence high
sentiment neutral
materiality 0.70
NCS Multistage Q2 revenue $21.5M (+146% YoY); net loss $(5.8)M improves YoY
NCS Multistage Holdings, Inc.
2021-Q2 EPS reported
-$3.85
revenue$49,975,000
- Total revenue $21.5M, up 146% YoY, driven by higher North American drilling activity.
- Net loss $(5.8)M ($(2.41) per diluted share) vs $(8.8)M loss in Q2 2020.
- Adjusted net loss $(4.9)M ($(2.04) per share); adjusted EBITDA $(1.6)M, $6.3M improvement YoY.
- Cash $13.9M, total debt $6.0M (capital leases); revolver undrawn with $10.2M borrowing base.
- Management expects Q3 sequential revenue increase in Canada and modest U.S. activity growth.