NCS Multistage Q2 net loss $5.5M ($2.25/share); revenue up 28% YoY to $27.5M

NCS Multistage Holdings, Inc.

2022-Q2 EPS reported -$2.89 revenue$66,576,000

Total revenues $27.5M, +28% YoY, driven by higher North American activity.
Net loss $(5.5)M ($(2.25)/diluted share); adjusted net loss $(4.0)M ($(1.64)/share).
Adjusted EBITDA $(2.0)M vs $(1.6)M in Q2 2021.
US revenue $12.1M (+31% YoY); Canada $12.8M (+40% YoY); international services +12% YoY.
Cash $14.9M, total debt $8.2M; net cash position $6.7M; new ABL undrawn.

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