---
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"
generated_at: "2026-06-12T22:09:43.835747+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NCS Multistage Q2 revenues $25.4M, net loss $32.2M on $24.9M litigation provision; lowers US activity guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692427-23-000030
- JSON: https://secwatch.observer/filing/0001692427-23-000030.json
- Plain text: https://secwatch.observer/filing/0001692427-23-000030.txt

## Key facts
- Earnings Releases
  NCS Multistage Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $25.4 million, net income $(32.2) million, EPS $(13.02).
  - Period: the quarter ended June 30, 2023
  - Revenue: $25.4 million
  - Net income: $(32.2) million
  - EPS: $(13.02)
  - Result: reported results
  source text: · 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_url: https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/0001692427-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.