NCS Multistage Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 04:39 pm EDT
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NCS Multistage Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 25.39 million compared to USD 27.46 million a year ago. Net loss was USD 32.23 million compared to USD 5.48 million a year ago. Basic loss per share from continuing operations was USD 13.02 compared to USD 2.25 a year ago. Diluted loss per share from continuing operations was USD 13.02 compared to USD 2.25 a year ago.
For the six months, revenue was USD 68.95 million compared to USD 66.58 million a year ago. Net loss was USD 47.2 million compared to USD 7.02 million a year ago. Basic loss per share from continuing operations was USD 19.16 compared to USD 2.89 a year ago. Diluted loss per share from continuing operations was USD 19.16 compared to USD 2.89 a year ago.
NCS Multistage Holdings, Inc. is a provider of engineered products and support services for oil and natural gas well construction, well completions and field development strategies. The Company offers products and services primarily to exploration and production companies for use in onshore and offshore wells. The Companyâs products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including Argentina, China, the Middle East and the North Sea. The Company owns a 50% interest in Repeat Precision, LLC, which sells composite frac plugs, perforating guns and related products directly to customers. The Company also provides tracer diagnostics services for well completion and reservoir characterization that utilize downhole chemical and radioactive tracers. The Company sells products for well construction, including its casing buoyancy systems, liner hanger systems and toe initiation sleeves.
NCS MULTISTAGE HOLDINGS, INC. 
