Welcome to our dedicated page for Ncs Multistage Hldgs news (Ticker: NCSM), a resource for investors and traders seeking the latest updates and insights on Ncs Multistage Hldgs stock.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) is a provider of highly engineered products and support services for oil and natural gas well construction, well completions and field development strategies. This news page aggregates company announcements, earnings releases and other public updates that reflect NCS Multistage’s activity in the support activities for oil and gas operations industry.
Recent press releases have covered quarterly financial results, including discussions of revenue trends across the United States, Canada and international markets, as well as commentary on market conditions and operational performance. NCS Multistage also issues news about its participation in investor conferences and virtual presentations, where its leadership discusses the company’s business and outlook with the investment community.
Another recurring theme in NCS Multistage news is the development of its tracer diagnostics capabilities and related reservoir analysis services. The company has announced the acquisition of Reservoir Metrics, LLC (ResMetrics), a provider of chemical tracer diagnostics services used by oil and gas operators to validate reservoir development strategies, improve hydraulic fracture stimulation designs, evaluate inter-well connectivity and optimize enhanced oil recovery injection programs. Updates on the integration and contribution of ResMetrics appear in earnings and transaction-related releases.
Visitors to this page can review historical and recent news items to understand how NCS Multistage describes its performance, geographic activity in regions such as the North Sea and the Middle East, and its focus on engineered products and diagnostics services for horizontal wells in unconventional and conventional formations. For investors and industry observers following NCSM, this news feed provides a centralized view of the company’s disclosed developments over time.
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.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) announced a conference call to discuss its fourth quarter and full year 2020 results scheduled for March 2, 2021 at 7:30 a.m. CT. The earnings release will be available March 1, 2021. Interested participants can join the call via phone or webcast, with details provided in the release. NCS specializes in engineered products and services for optimizing oil and natural gas well completions across North America and select international markets.
NCS Multistage Holdings (NCSM) will execute a 1-for-20 reverse stock split on December 1, 2020, as filed with the SEC. This move aims to boost the stock price to meet NASDAQ's listing standards. Following the split, the authorized shares will be reduced from 225 million to 11.25 million. The common stock will continue trading under the symbol NCSM but with a new CUSIP number. NCS provides specialized products and services for oil and gas well completions across North America and select international markets.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported its third quarter results for 2020, showing total revenues of $16.3 million, a notable 73% decrease year-over-year but an 87% increase from the previous quarter. The company experienced a net loss of $(5.9) million, translating to $(0.12) per diluted share. Adjusted EBITDA improved to $(2.1) million, up $5.8 million from Q2 2020. Cash on hand stood at $8.6 million against $6.0 million in total debt. A significant settlement with Diamondback Industries is expected to yield $15.5 million, pending court approval of a Chapter 11 plan. A reverse stock split was approved to comply with NASDAQ listing requirements.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call to discuss its third quarter 2020 results on November 5, 2020, at 7:30 a.m. CT. The earnings release will be issued on the evening prior. Participants can join by calling (844) 400-1696 (US) or (703) 736-7385 (international), using access code 1837259. An audio replay will be available for seven days following the call. NCS Multistage specializes in products and services for oil and gas well completions across North America and other selected international markets.
NCS Multistage Holdings reported total revenues of $8.7 million for Q2 2020, marking a 78% year-over-year decrease. The company experienced a net loss of $(8.8) million or $(0.19 per diluted share. Adjusted EBITDA was $(7.9) million. The drop in revenues stemmed from reduced product sales and service volumes in North America, compounded by lower pricing, heavily impacted by the COVID-19 pandemic. However, the company reported a cash position of $31.3 million and enacted cost-saving measures expected to save approximately $20 million annually, improving its financial outlook.
NCS Multistage Holdings will host a conference call on August 11, 2020, at 7:30 a.m. CT to discuss its second quarter 2020 results. The earnings release will precede the call on August 10. Participants can join via phone at (844) 400-1696 in the U.S. or (703) 736-7385 internationally, using access code 1249830. A live webcast will be available on the Company's website. An audio replay will be accessible for one week following the conference call. NCS is a provider of engineered products and support services for oil and gas well completions and operates in North America and select international markets.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) has successfully settled a patent infringement lawsuit against Innovex Downhole Solutions in the Western District of Texas. The lawsuit, concerning U.S. Patent No. 10,465,445 related to casing floatation technology, has been resolved with a patent license agreement between the two companies. CEO Robert Nipper emphasized the importance of protecting their substantial patent portfolio, reflecting the company's commitment to its proprietary technology. NCS provides engineered products and services for oil and gas completions across various international markets.