secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001692427-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/0001692427-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000169242723000030/ncsm-20230731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001692427-23-000030

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