{"schema_version":"secwatch.filing_event.v1","accession":"0001692427-23-000030","form_type":"8-K","ticker":"NCSM","cik":"0001692427","company_name":"NCS Multistage Holdings, Inc.","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.879342+00:00","generated_at":"2026-06-12T22:09:43.835747+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NCS Multistage Q2 revenues $25.4M, net loss $32.2M on $24.9M litigation provision; lowers US activity guidance","bullets":["Total revenues $25.4M (-8% YoY); net loss $(32.2)M ($(13.02)/share) vs $(5.5)M loss a year ago.","Q2 adjusted net loss $(6.2)M ($(2.50)/share); Adjusted EBITDA $(2.2)M vs $(1.9)M in Q2 2022.","Recorded $24.9M incremental provision for Texas litigation; $42.5M judgment; plans to appeal; expects insurance coverage.","Cash $13.7M, debt $8.8M; undrawn ABL $12.6M; free cash flow use $(2.0)M for H1 2023.","Expects US activity down 5-10% vs 2022; Canada up to 5%; sees sequential revenue improvement in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001692427-23-000030","json":"https://secwatch.observer/filing/0001692427-23-000030.json","markdown":"https://secwatch.observer/filing/0001692427-23-000030.md","text":"https://secwatch.observer/filing/0001692427-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/0001692427-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/ncsm-20230731x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:09:43.835747+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6e8c42e3e13aca1f6dede6f00b89c38ea8a27e33","claim":"NCS Multistage Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $25.4 million, net income $(32.2) million, EPS $(13.02).","evidence_excerpt":"· Total revenues of $25.4 million, a n 8% year-over-year decrease · Net loss of $(32.2) million and loss per share of $(13.02) , compared to a net loss of $(5.5) million and a loss per share of $(2.25) in the same quarter of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/0001692427-23-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$25.4 million"},{"label":"Net income","value":"$(32.2) million"},{"label":"EPS","value":"$(13.02)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}