NCS Multistage Holdings, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>NCS Multistage Holdings, Inc. has submitted its annual 10-K filing for the fiscal year ending December 31, 2023.</b>

AI Summary

NCS Multistage Holdings, Inc. (NCSM) filed a Annual Report (10-K) with the SEC on March 8, 2024. NCS Multistage Holdings, Inc. filed its 2023 Form 10-K on March 8, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is in OIL, GAS FIELD SERVICES. The filing includes financial data for the fiscal year 2023. The company's principal executive offices are located in Houston, TX.

Why It Matters

For investors and stakeholders tracking NCS Multistage Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of NCS Multistage Holdings, Inc.'s financial performance, business operations, and risk factors for the fiscal year 2023, which is crucial for investors to assess the company's current standing and future prospects. The detailed financial statements and disclosures within the 10-K will allow stakeholders to understand the company's financial health, including its assets, liabilities, and equity, as well as its operational performance in the oil and gas field services sector.

Risk Assessment

Risk Level: — NCS Multistage Holdings, Inc. shows moderate risk based on this filing. The company operates in the OIL, GAS FIELD SERVICES sector, which is subject to significant market volatility and regulatory changes, as indicated by its SIC code and the nature of its business.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand NCS Multistage Holdings, Inc.'s performance and outlook in the oil and gas services industry.

Key Numbers

• 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-03-08 — Filing Date (FILED AS OF DATE)
• 1389 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 77070 — ZIP Code (BUSINESS ADDRESS)

Key Players & Entities

• NCS Multistage Holdings, Inc. (company) — FILER
• 2023 (date) — CONFORMED PERIOD OF REPORT
• 2024-03-08 (date) — FILED AS OF DATE
• OIL, GAS FIELD SERVICES, NBC [1389] (industry) — STANDARD INDUSTRIAL CLASSIFICATION
• Houston, TX (location) — BUSINESS ADDRESS
• 10-K (document) — FORM TYPE

FAQ

Industry Context

NCS Multistage Holdings, Inc. operates within the Oil, Gas Field Services sector, providing specialized services and technologies to the oil and gas industry.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports (10-K) detailing its financial health and business operations.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the company's operational performance and strategic initiatives for fiscal year 2023.
3. Assess the identified risk factors and their potential impact on future performance.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-08: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, providing the latest annual financial and operational data for NCS Multistage Holdings, Inc.

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value NCSM Nasdaq Capital Marke
• $142.5 million — nded December 31, 2023 and 2022 totaled $142.5 million and $155.6 million, respectively. Our n
• $155.6 m — 023 and 2022 totaled $142.5 million and $155.6 million, respectively. Our net loss attri
• $152.0 million — s of December 31, 2023 and 2022 totaled $152.0 million and $138.6 million, respectively. For a
• $138.6 m — 023 and 2022 totaled $152.0 million and $138.6 million, respectively. For additional fin

Filing Documents

• ncsm-20231231x10k.htm (10-K) — 4645KB
• ncsm-20231231xex21_1.htm (EX-21.1) — 21KB
• ncsm-20231231xex23_1.htm (EX-23.1) — 4KB
• ncsm-20231231xex31_1.htm (EX-31.1) — 19KB
• ncsm-20231231xex31_2.htm (EX-31.2) — 19KB
• ncsm-20231231xex32_1.htm (EX-32.1) — 10KB
• ncsm-20231231xex32_2.htm (EX-32.2) — 10KB
• ncsm-20231231xex97_1.htm (EX-97.1) — 31KB
• ncsm-20231231x10kg001.jpg (GRAPHIC) — 25KB
• ncsm-20231231x10kg002.jpg (GRAPHIC) — 27KB
• ncsm-20231231x10kg003.jpg (GRAPHIC) — 26KB
• 0001692427-24-000008.txt (&nbsp;) — 16709KB
• ncsm-20231231.xsd (EX-101.SCH) — 62KB
• ncsm-20231231_cal.xml (EX-101.CAL) — 116KB
• ncsm-20231231_def.xml (EX-101.DEF) — 229KB
• ncsm-20231231_lab.xml (EX-101.LAB) — 704KB
• ncsm-20231231_pre.xml (EX-101.PRE) — 511KB
• ncsm-20231231x10k_htm.xml (XML) — 3639KB

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 35 Item 1C. Cybersecurity 35 Item 2.

Properties

Properties 35 Item 3.

Legal Proceedings

Legal Proceedings 35 Item 4. Mine Safety Disclosures 35 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 Item 6. [ Reserved] 36 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 49 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 78 Item 9A.

Controls and Procedures

Controls and Procedures 78 Item 9B. Other Information 78 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 78 PART III Item 10. Directors, Executive Officers and Corporate Governance 79 Item 11.

Executive Compensation

Executive Compensation 79 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 79 Item 13. Certain Relationships and Related Transactions, and Director Independence 79 Item 14. Principal Accounta nt Fees and Services 79 PART IV Item 15. Exhibit and Financial Statement Schedules 80 Item 16. Form 10-K Summary 82

Signatures

Signatures 83 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Form 10-K") includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, such as those contained in Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause our actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions and the following: dec lines in the level of oil and natural gas exploration and production ("E&P") activity in Canada, the United States and internationally; oil and natural gas price fluctuations; significant competition for our products and services that results in pricing pressures, reduced sales, or reduced market share ; inability to successfully implement our strategy of increasing sales of products and services into the U.S. and international markets; loss of significant customers; losses and liabilities fro

View Full Filing

View this 10-K filing on SEC EDGAR