secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001692427-23-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCS Multistage Q3 revenue falls 22% YoY to $38.3M; net income rises to $1.77 EPS
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- Total revenues $38.3M, down 22% YoY; net income $4.4M ($1.77 diluted EPS) vs $3.9M ($1.58) in Q3 2022.
- Adjusted EBITDA $6.8M (down $1.6M YoY); margin 18% vs 17% in Q3 2022.
- Cash $11.4M, debt $8.3M; ABL facility undrawn with $19.7M borrowing base.
- Wyoming legal matter settled; insurance paid $2.0M; Canada patent infringement ruling against NCS, $1.7M costs ordered, company to appeal.
- Outlook: US activity expected down 5-10% in 2023 vs 2022; Canada flat; international up over 10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000169242723000035/0001692427-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000169242723000035/ncsm-20231030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001692427-23-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer