Ncs Multistage Hldgs Inc Stock Price, News & Analysis

NCS Multistage Holdings announced a significant legal victory against Nine Energy Service, as a jury found that Nine's BreakThru casing flotation device infringed on NCS's patent (U.S. Patent No. 10,465,445). The jury awarded NCS approximately $486,000 in damages, covering the infringement period from the patent issue date, November 5, 2019, to the trial conclusion. CEO Robert Nipper emphasized the importance of protecting innovations and the value of their technology portfolio, which comprises over 100 patents. This ruling highlights NCS's commitment to advancing efficiency and environmental responsibility in the oil and gas sector.

NCS Multistage Holdings reported third-quarter revenues of $32.4 million, a 99% increase year-over-year and a 51% rise from the prior quarter. The company achieved a net income of $2.8 million, recovering from a net loss of $(5.9) million in Q3 2020. Adjusted EBITDA reached $4.2 million, showing substantial growth. As of September 30, 2021, NCS held $18.4 million in cash against $8.2 million in total debt, indicating strong liquidity. CEO Robert Nipper highlighted significant operational performance in Canada, contributing to overall results, and projected continued industry activity moving forward.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on November 2, 2021, at 7:30 a.m. CT to discuss its third-quarter 2021 results. The earnings release will be issued the evening prior. Participants can join the call via phone or a live webcast on the company’s website. An audio replay will be available for seven days post-call. NCS specializes in engineered products and support services for oil and natural gas well completions across North America and selected international markets.

NCS Multistage Holdings (NASDAQ:NCSM) will participate in EnerCom's The Oil & Gas Conference in Denver on August 18, 2021, with CEO Robert Nipper and CFO Ryan Hummer presenting at 8:25 a.m. Mountain time.

A webcast of the presentation will be available on the Company’s website for 90 days post-event. NCS is a leading provider of engineered products for optimizing oil and gas well completions, serving markets in North America, Argentina, China, the Middle East, and the North Sea. For more details, visit www.ncsmultistage.com.

NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported a 146% increase in total revenues for Q2 2021, totaling $21.5 million. This growth stemmed from heightened product sales and service volumes, primarily in North America. However, the company also posted a net loss of $(5.8) million, an improvement from $(8.8) million in Q2 2020. Adjusted EBITDA showed a significant improvement with a loss of $(1.6) million. As of June 30, 2021, NCS had $13.9 million in cash and a total debt of $6.0 million. The outlook remains positive with expected revenue growth driven by increased drilling activity.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on August 3, 2021, at 7:30 a.m. CT to discuss its Q2 2021 results. The earnings release will be issued the previous evening. Interested participants can join by calling specific numbers based on their location or via a live webcast on the company’s website. An audio replay will be available shortly after the call for seven days. NCS specializes in products and support services for optimizing oil and natural gas well completions in North America and select international markets.

NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported total revenues of $28.5 million for Q1 2021, reflecting a 48% year-over-year decrease but a 4% increase sequentially. The net loss was $(3.4) million with a diluted loss per share of $(1.43). Adjusted net loss stood at $(2.8) million. SG&A expenses decreased significantly by $8.1 million to $12.8 million, highlighting cost management efforts. The company has $12.0 million in cash and $5.7 million in debt as of March 31, 2021. CEO Robert Nipper expressed optimism about recovering activity levels, particularly in the U.S. for Q2.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on May 4, 2021, at 7:30 a.m. CT to discuss its Q1 2021 results, with an earnings release the night before. Participants can join via phone or listen online. NCS specializes in providing engineered products and services for optimizing oil and gas well completions in North America and select international markets. For more details, visit www.ncsmultistage.com.

NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported its fourth quarter and full year 2020 results, showcasing a 47% year-over-year revenue decline to $27.4 million, despite a 68% increase from Q3 2020. Net income stood at $8.6 million, or $3.59 per diluted share, aided by a one-time $25.7 million gain from a court settlement. Adjusted net loss was $(6.4) million. For the year, total revenues were $107 million, reflecting a 48% decrease. The company ended the year with $15.5 million in cash and a low total debt of $5.8 million, maintaining a strong cash flow despite industry challenges.