Published on 30 Oct 2023 on GuruFocus.com via Yahoo Finance
NCS Multistage Holdings Inc (NCSM) Q3 2023 Earnings: Revenue Decreases by 22% Amid Market Headwinds
NCSM's total revenues for Q3 2023 were $38.3 million, a decrease of 22% compared to Q3 2022.Net income for Q3 2023 was $4.4 million, slightly higher than the $3.9 million reported in Q3 2022.The company's gross profit for Q3 2023 was $15.7 million, or 41% of total revenues.As of September 30, 2023, NCSM had $11.4 million in cash and $8.3 million in total debt.
Warning! GuruFocus has detected 4 Warning Signs with NCSM.
On October 30, 2023, NCS Multistage Holdings Inc (NASDAQ:NCSM), a leading provider of highly engineered products and support services for the optimization of oil and natural gas well construction, announced its Q3 2023 results. Despite facing market headwinds and lower activity levels compared to the prior year, the company demonstrated resilient financial performance.