NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2022 Results

Highlights:

Fourth Quarter Results:

• Total revenues of $40.2 million, an 11% year-over-year increase
• Net income of $2.0 million, compared to $1.7 million for the fourth quarter of 2021, a $0.3 million improvement resulting in earnings per diluted share of $0.81
• Adjusted EBITDA of $6.4 million, slightly below the fourth quarter of 2021
• $16.2 million in cash and $7.9 million of total debt as of December 31, 2022

Full Year Results:

• Total revenues of $155.6 million, a 31% increase over the prior year
• Net loss of $(1.1) million, compared to a net loss of $(4.7) million in 2021, a $3.6 million improvement resulting in loss per diluted share of $(0.45)
• Adjusted EBITDA of $15.1 million, compared to $9.1 million in 2021, a $6.0 million improvement