Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) 2024 Q3

Rhea-AI Summary

NCS Multistage Holdings (NASDAQ: NCSM) reported strong financial results for Q3 2024, with total revenues reaching $44.0 million, marking a 15% increase year-over-year. The company's liquidity position strengthened to $37.0 million, up from $33.0 million in Q2 2024, significantly exceeding its debt of $8.6 million. The company also achieved an adjusted EBITDA of $7.1 million, representing a $0.3 million improvement compared to the previous year.

Positive

• Revenue growth of 15% year-over-year to $44.0 million
• Improved liquidity position to $37.0M from $33.0M in Q2
• Strong balance sheet with liquidity exceeding debt by $28.4M
• Adjusted EBITDA increase of $0.3M year-over-year to $7.1M

Negative

• None.

Insights

Financial Analyst

The Q3 results show meaningful operational improvements for this small-cap oilfield services company. $44.0M in revenue represents a solid 15% YoY growth, while Adjusted EBITDA of $7.1M demonstrates stable profitability. The company's strengthening balance sheet is particularly noteworthy - liquidity of $37.0M against just $8.6M in debt indicates a healthy 4.3x coverage ratio. This robust financial position provides flexibility for potential growth investments or market downturns. The sequential liquidity improvement from $33.0M in Q2 suggests strong cash flow generation and effective working capital management. For a company with just over $50M market cap, these metrics indicate solid operational execution and financial discipline.

Dallas, Texas--(Newsfile Corp. - November 5, 2024) - NCS Multistage Holdings, Inc. (NASDAQ: NCSM): Stonegate Capital Partners updates their coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Total revenues of $44.0 million, a 15% year-over-year improvement.
• NCSM reported a liquidity position of $37.0M, an increase from $33.0M (2Q24). Comparing favorably to $8.6M in debt.
• Adjusted EBITDA of $7.1 million, a $0.3 million year-over-year improvement.

Click image above to view full announcement.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228962

FAQ

What was NCSM's revenue growth in Q3 2024?

NCSM reported total revenues of $44.0 million in Q3 2024, representing a 15% year-over-year improvement.

How much liquidity did NCSM have in Q3 2024?

NCSM reported a liquidity position of $37.0 million in Q3 2024, an increase from $33.0 million in Q2 2024.

What was NCSM's adjusted EBITDA in Q3 2024?

NCSM reported an adjusted EBITDA of $7.1 million, showing a $0.3 million improvement year-over-year.

How much debt did NCSM have in Q3 2024?

NCSM reported $8.6 million in debt, which was well covered by their $37.0 million liquidity position.