earnings
confidence high
sentiment positive
materiality 0.75
NCS Q4 revenue $36.1M (+32% YoY), net income $1.7M; full-year loss narrows to $4.7M
NCS Multistage Holdings, Inc.
- Q4 revenue $36.1M, up 32% YoY and 11% sequentially; gross margin 44%.
- Net income $1.7M ($0.68 diluted EPS); adjusted net income $1.2M ($0.48).
- Full-year revenue $118.5M (+11% YoY); net loss $(4.7M) improved from $(57.6M) in 2020.
- Free cash flow for 2021 $11.1M; cash $22.2M, total debt $7.8M; credit facility undrawn.
- Introduced Ratek sliding sleeves and PurpleFire perforating gun; jury awarded $486K in patent case against Nine Energy Service.