NCSM News & Events

Reports Q4 revenue $50.63M vs. $45M last year. NCS's CEO, Ryan Hummer commented, "Our performance in the fourth quarter concluded an important year for NCS, in which we grew revenue in each of our geographic markets, expanded our Adjusted EBITDA margin and improved our free cash flow generation. We also welcomed Reservoir Metrics, LLC, and its related entities ("ResMetrics") to NCS, further strengthening our global capabilities in tracer diagnostics."

Reports Q3 revenue $46.5M vs $44.006M last year. NCS's Chief Executive Officer, Ryan Hummer commented, "We continue to achieve strong operational and financial performance despite an uncertain industry and market environment, including robust initial contributions from Reservoir Metrics, LLC, and its related entities, which we acquired in late July 2025. Our revenue and Adjusted EBITDA for the third quarter were each above the midpoint of the range we provided in our last earnings call. Our revenues, excluding ResMetrics, were up slightly for the quarter year-over-year, with U.S. and international revenues up 37% and 38%, respectively, offset by a decline in Canadian revenues of 19%, reflecting a slowdown in Canadian activity as evidenced by overall declining rig counts in Canada compared to one year ago. When including ResMetrics, our total revenues for the quarter increased by 6% year-over-year."

Reports Q4 revenue $$45M, consensus $40.6M. Reports adjusted EBITDA of $8.2M , compared to $2.5M in the fourth quarter of 2023 ;$25.9M in cash and $8.1M in debt as of December 31. " Our adjusted net income for the fourth quarter of 2024 was $6M , or $2.27 per diluted share, compared to adjusted net loss of $(0.9M) or $(0.36) per share in 2023, which excludes the reversal of the litigation provision, net of recoveries, noted above. Adjusted EBITDA was $8.2M for the quarter ended December 31 an increase of $5.7M compared to the same period a year ago. This improvement is primarily the result of an increase in revenue, including higher-margin international projects, and increased royalty income, partially offset by higher SG&A expenses. Our resulting Adjusted EBITDA margin was 18% for the quarter ended December 31, 2024, compared to 7% for the same period a year ago.

The company said: "We expect that we will continue to deliver improved revenue performance in the fourth quarter of 2024 as compared to 2023 in each of the U.S., Canada and international markets. However, sequentially we expect a 5%-15% reduction in revenue in each of these markets, reflecting the potential for a more significant reduction in year-end activity than in prior years for the U.S. and Canadian markets due to industry drilling and completion efficiencies, and more challenging winter operating conditions in selected international markets, including the North Sea."