NCS Multistage Holdings Files 2024 10-K
Ticker: NCSM · Form: 10-K · Filed: Mar 10, 2025 · CIK: 1692427
Sentiment: neutral
Topics: 10-K, oil-gas, lease-agreement
TL;DR
NCS Multistage filed its 2024 10-K. Key event: $1.7M lease for new Red Deer facility in 2023.
AI Summary
NCS Multistage Holdings, Inc. filed its 10-K for the fiscal year ending December 31, 2024. The company reported financial results and provided updates on its operations. Notably, during 2023, NCS Multistage relocated to a new facility in Red Deer, Alberta, Canada, incurring a lease ROU asset and liability of $1.7 million.
Why It Matters
This filing provides a comprehensive overview of NCS Multistage's financial health and operational activities for the past fiscal year, offering insights for investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk without further analysis of the financial details.
Key Numbers
- $1.7 million — Operating Lease ROU Asset and Liability (Recorded in 2023 for a new facility in Red Deer, Alberta, Canada.)
- 5 years — Operating Lease Term (Term for the new facility lease in Red Deer, Alberta.)
Key Players & Entities
- NCS Multistage Holdings, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- Red Deer, Alberta, Canada (location) — Location of new facility
- $1.7 million (dollar_amount) — Operating lease ROU asset and liability
- 2023 (date) — Year of facility relocation
- 2022 (date) — Year of entering and renewing leases
FAQ
What was the total revenue for NCS Multistage Holdings for the fiscal year ended December 31, 2024?
The provided text does not explicitly state the total revenue for the fiscal year ended December 31, 2024. It focuses on operational details and lease information.
What is the primary business of NCS Multistage Holdings, Inc.?
NCS Multistage Holdings, Inc. operates in the OIL, GAS FIELD SERVICES sector, as indicated by its Standard Industrial Classification code.
When did NCS Multistage Holdings, Inc. file this 10-K report?
This 10-K report was filed on March 10, 2025.
What was the purpose of the $1.7 million liability recorded in 2023?
The $1.7 million liability was recorded for an operating lease ROU asset and leasehold improvement related to a new facility in Red Deer, Alberta, Canada.
How many operating leases did NCS Multistage enter into or renew in 2022?
In the year ended December 31, 2022, NCS Multistage entered into three operating leases and renewed four others.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 10, 2025 regarding NCS Multistage Holdings, Inc. (NCSM).