NCS Multistage Holdings, Inc. Announces First Quarter 2023 Results

Highlights:

• Total revenues of $43.6 million, an 11% year-over-year increase and an 8% increase compared to the fourth quarter of 2022
• Net loss of $(15.0) million and loss per share of $(6.10), compared to a net loss of $(1.5) million and a loss per share of $(0.64) in the first quarter of 2022
• Adjusted net income of $1.2 million, a $3.0 million improvement from the first quarter of 2022, resulting in adjusted earnings per diluted share of $0.50
• Adjusted EBITDA of $4.9 million, an increase of $2.6 million from the first quarter of 2022
• $13.6 million in cash and $8.4 million of total debt as of March 31, 2023