NCS Multistage (NCSM) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 30, 2024
Document Information [Line Items]
Entity Central Index Key	0001692427
Entity Registrant Name	NCS Multistage Holdings, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-38071
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1527455
Entity Address, Address Line One	19350 State Highway 249, Suite 600
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77070
City Area Code	281
Local Phone Number	453-2222
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NCSM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,502,812

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 15,330	$ 16,720
Accounts receivable—trade, net	36,652	23,981
Inventories, net	41,199	41,612
Prepaid expenses and other current assets	1,996	1,862
Other current receivables	4,276	4,042
Insurance receivable	0	15,000
Total current assets	99,453	103,217
Noncurrent assets
Property and equipment, net	22,656	23,336
Goodwill	15,222	15,222
Identifiable intangibles, net	3,905	4,407
Operating lease assets	3,644	4,847
Deposits and other assets	777	937
Deferred income taxes, net	186	66
Total noncurrent assets	46,390	48,815
Total assets	145,843	152,032
Current liabilities
Accounts payable—trade	7,512	6,227
Accrued expenses	6,874	3,702
Income taxes payable	713	364
Operating lease liabilities	1,388	1,583
Accrual for legal contingencies	0	15,000
Current maturities of long-term debt	2,111	1,812
Other current liabilities	3,511	3,370
Total current liabilities	22,109	32,058
Noncurrent liabilities
Long-term debt, less current maturities	6,525	6,344
Operating lease liabilities, long-term	2,588	3,775
Other long-term liabilities	200	213
Deferred income taxes, net	311	249
Total noncurrent liabilities	9,624	10,581
Total liabilities	31,733	42,639
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding at September 30, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value, 11,250,000 shares authorized, 2,557,648 shares issued and 2,502,680 shares outstanding at September 30, 2024 and 2,482,796 shares issued and 2,443,744 shares outstanding at December 31, 2023	26	25
Additional paid-in capital	446,721	444,638
Accumulated other comprehensive loss	(86,300)	(85,752)
Retained deficit	(262,495)	(265,617)
Treasury stock, at cost, 54,968 shares at September 30, 2024 and 39,052 shares at December 31, 2023	(1,913)	(1,676)
Total stockholders' equity	96,039	91,618
Non-controlling interest	18,071	17,775
Total equity	114,110	109,393
Total liabilities and stockholders' equity	$ 145,843	$ 152,032

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	11,250,000	11,250,000
Common stock, shares issued (in shares)	2,557,648	2,482,796
Common stock, shares outstanding (in shares)	2,502,680	2,443,744
Treasury stock, shares (in shares)	54,968	39,052

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Revenue	$ 44,006	$ 38,279	$ 117,554	$ 107,224
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	25,474	22,567	69,480	64,509
Selling, general and administrative expenses	14,139	12,669	42,789	43,297
Depreciation	1,188	1,001	3,395	2,892
Amortization	168	168	502	502
Income (loss) from operations	3,037	1,874	1,388	(3,976)
Other income (expense)
Interest expense, net	(108)	(27)	(323)	(447)
Provision for litigation, net of recoveries	0	(98)	0	(42,498)
Other income, net	1,523	1,983	4,863	3,753
Foreign currency exchange gain (loss), net	217	(157)	(788)	(79)
Total other income (expense)	1,632	1,701	3,752	(39,271)
Income (loss) before income tax	4,669	3,575	5,140	(43,247)
Income tax (benefit) expense	(35)	(537)	722	(287)
Net income (loss)	4,704	4,112	4,418	(42,960)
Net income (loss) attributable to non-controlling interest	557	(296)	1,296	(168)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 4,147	$ 4,408	$ 3,122	$ (42,792)
Earnings (loss) per common share
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 1.63	$ 1.78	$ 1.23	$ (17.33)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 1.6	$ 1.77	$ 1.21	$ (17.33)
Weighted average common shares outstanding
Basic (in shares)	2,548	2,479	2,535	2,469
Diluted (in shares)	2,588	2,489	2,571	2,469
Product [Member]
Revenues
Revenue	$ 31,675	$ 27,286	$ 82,455	$ 76,149
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	19,408	17,118	51,309	47,945
Service [Member]
Revenues
Revenue	12,331	10,993	35,099	31,075
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	$ 6,066	$ 5,449	$ 18,171	$ 16,564

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ 4,704	$ 4,112	$ 4,418	$ (42,960)
Foreign currency translation adjustments, net of tax of $0	216	(979)	(548)	(636)
Comprehensive income (loss)	4,920	3,133	3,870	(43,596)
Less: Comprehensive income (loss) attributable to non-controlling interest	557	(296)	1,296	(168)
Comprehensive income (loss) attributable to NCS Multistage Holdings, Inc.	$ 4,363	$ 3,429	$ 2,574	$ (43,428)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]	Total
Balances (in shares) at Dec. 31, 2022	0	2,434,809				(26,335)
Balances at Dec. 31, 2022	$ 0	$ 24	$ 440,475	$ (85,617)	$ (262,464)	$ (1,389)	$ 18,233	$ 109,262
Share-based compensation	0	0	913	0	0	0	0	913
Net income (loss)	$ 0	$ 0	0	0	(14,969)	$ 0	(27)	(14,996)
Vesting of restricted stock (in shares)	0	41,489				0
Vesting of restricted stock	$ 0	$ 1	(1)	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(11,086)
Shares withheld	$ 0	$ 0	0	0	0	$ (264)	0	(264)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(99)	0	$ 0	0	(99)
Balances (in shares) at Mar. 31, 2023	0	2,476,298				(37,421)
Balances at Mar. 31, 2023	$ 0	$ 25	441,387	(85,716)	(277,433)	$ (1,653)	18,206	94,816
Balances (in shares) at Dec. 31, 2022	0	2,434,809				(26,335)
Balances at Dec. 31, 2022	$ 0	$ 24	440,475	(85,617)	(262,464)	$ (1,389)	18,233	109,262
Net income (loss)								(42,960)
Foreign currency translation adjustments, net of tax of $0								(636)
Balances (in shares) at Sep. 30, 2023	0	2,476,465				(37,471)
Balances at Sep. 30, 2023	$ 0	$ 25	443,759	(86,253)	(305,256)	$ (1,654)	18,065	68,686
Balances (in shares) at Mar. 31, 2023	0	2,476,298				(37,421)
Balances at Mar. 31, 2023	$ 0	$ 25	441,387	(85,716)	(277,433)	$ (1,653)	18,206	94,816
Share-based compensation	0	0	1,044	0	0	0	0	1,044
Net income (loss)	0	0	0	0	(32,231)	0	155	(32,076)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	442	0	$ 0	0	442
Balances (in shares) at Jun. 30, 2023	0	2,476,298				(37,421)
Balances at Jun. 30, 2023	$ 0	$ 25	442,431	(85,274)	(309,664)	$ (1,653)	18,361	64,226
Share-based compensation	0	0	1,328	0	0	0	0	1,328
Net income (loss)	$ 0	$ 0	0	0	4,408	$ 0	(296)	4,112
Vesting of restricted stock (in shares)	0	167				0
Vesting of restricted stock	$ 0	$ 0	0	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(50)
Shares withheld	$ 0	$ 0	0	0	0	$ (1)	0	(1)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(979)	0	$ 0	0	(979)
Balances (in shares) at Sep. 30, 2023	0	2,476,465				(37,471)
Balances at Sep. 30, 2023	$ 0	$ 25	443,759	(86,253)	(305,256)	$ (1,654)	18,065	68,686
Balances (in shares) at Dec. 31, 2023	0	2,482,796				(39,052)
Balances at Dec. 31, 2023	$ 0	$ 25	444,638	(85,752)	(265,617)	$ (1,676)	17,775	109,393
Share-based compensation	0	0	766	0	0	0	0	766
Net income (loss)	0	0	0	0	2,070	0	483	2,553
Distribution to noncontrolling interest	$ 0	$ 0	0	0	0	$ 0	(500)	(500)
Vesting of restricted stock (in shares)	0	57,830				0
Vesting of restricted stock	$ 0	$ 0	0	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(15,866)
Shares withheld	$ 0	$ 0	0	0	0	$ (237)	0	(237)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(496)	0	$ 0	0	(496)
Balances (in shares) at Mar. 31, 2024	0	2,540,626				(54,918)
Balances at Mar. 31, 2024	$ 0	$ 25	445,404	(86,248)	(263,547)	$ (1,913)	17,758	111,479
Balances (in shares) at Dec. 31, 2023	0	2,482,796				(39,052)
Balances at Dec. 31, 2023	$ 0	$ 25	444,638	(85,752)	(265,617)	$ (1,676)	17,775	109,393
Net income (loss)								4,418
Foreign currency translation adjustments, net of tax of $0								(548)
Balances (in shares) at Sep. 30, 2024	0	2,557,648				(54,968)
Balances at Sep. 30, 2024	$ 0	$ 26	446,721	(86,300)	(262,495)	$ (1,913)	18,071	114,110
Balances (in shares) at Mar. 31, 2024	0	2,540,626				(54,918)
Balances at Mar. 31, 2024	$ 0	$ 25	445,404	(86,248)	(263,547)	$ (1,913)	17,758	111,479
Share-based compensation	0	0	667	0	0	0	0	667
Net income (loss)	$ 0	$ 0	0	0	(3,095)	$ 0	256	(2,839)
Vesting of restricted stock (in shares)	0	16,856				0
Vesting of restricted stock	$ 0	$ 1	(1)	0	0	$ 0	0	0
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(268)	0	$ 0	0	(268)
Balances (in shares) at Jun. 30, 2024	0	2,557,482				(54,918)
Balances at Jun. 30, 2024	$ 0	$ 26	446,070	(86,516)	(266,642)	$ (1,913)	18,014	109,039
Share-based compensation	0	0	651	0	0	0	0	651
Net income (loss)	0	0	0	0	4,147	0	557	4,704
Distribution to noncontrolling interest	$ 0	$ 0	0	0	0	$ 0	(500)	(500)
Vesting of restricted stock (in shares)	0	166				0
Vesting of restricted stock	$ 0	$ 0	0	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(50)
Shares withheld	$ 0	$ 0	0	0	0	$ 0	0	0
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	216	0	$ 0	0	216
Balances (in shares) at Sep. 30, 2024	0	2,557,648				(54,968)
Balances at Sep. 30, 2024	$ 0	$ 26	$ 446,721	$ (86,300)	$ (262,495)	$ (1,913)	$ 18,071	$ 114,110

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income (loss)	$ 4,418	$ (42,960)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	3,897	3,394
Amortization of deferred loan costs	155	153
Share-based compensation	3,403	4,198
Provision for inventory obsolescence	945	256
Deferred income tax expense	3	147
Gain on sale of property and equipment	(363)	(423)
Provision for credit losses	44	112
Provision for litigation, net of recoveries	0	42,498
Net foreign currency unrealized loss (gain)	855	(127)
Proceeds from note receivable	61	338
Changes in operating assets and liabilities:
Accounts receivable—trade	(13,050)	(2,847)
Inventories, net	(1,210)	(6,356)
Prepaid expenses and other assets	821	544
Accounts payable—trade	1,124	2,894
Accrued expenses	3,224	(1,025)
Other liabilities	(2,433)	(2,023)
Income taxes receivable/payable	188	(219)
Net cash provided by (used in) operating activities	2,082	(1,446)
Cash flows from investing activities
Purchases of property and equipment	(1,083)	(1,704)
Purchase and development of software and technology	(70)	(263)
Proceeds from sales of property and equipment	421	454
Net cash used in investing activities	(732)	(1,513)
Cash flows from financing activities
Payments on finance leases	(1,442)	(1,159)
Line of credit borrowings	3,062	11,702
Payments of line of credit borrowings	(3,062)	(11,758)
Treasury shares withheld	(237)	(265)
Distribution to noncontrolling interest	(1,000)	0
Net cash used in financing activities	(2,679)	(1,480)
Effect of exchange rate changes on cash and cash equivalents	(61)	(397)
Net change in cash and cash equivalents	(1,390)	(4,836)
Cash and cash equivalents beginning of period	16,720	16,234
Cash and cash equivalents end of period	15,330	11,398
Noncash investing and financing activities
Assets obtained in exchange for new finance lease liabilities	2,145	1,665
Assets obtained in exchange for new operating lease liabilities	$ 0	$ 1,791

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Basis of Presentation Nature of Business NCS Multistage Holdings, Inc., a Delaware corporation, through its wholly owned subsidiaries and subsidiaries for which it has a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we,” “our” Basis of Presentation Our accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10 8 X 1934, not 10 December 31, 2023 not no Significant Accounting Policies Our significant accounting policies are described in “Note 2. Recent Accounting Pronouncements In December 2023, No. 2023 09, Income Taxes (Topic 740 December 15, 2024 not In November 2023, No. 2023 07, Segment Reporting (Topic 280 December 15, 2023, December 15, 2024,

Note 2 - Segment and Geographic

Note 2 - Segment and Geographic Information	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 2. Segment and Geographic Information We have determined that we operate in one We aggregate revenue for presentation based on qualitative factors including the nature of the products and services, the nature and commonality of production processes, a shared customer base primarily in North America, the scope of geographic operations and a common industry and regulatory environment. However, we present revenue on a geographic basis, segregated between product sale and service revenues. The following table summarizes revenue by geographic area attributed based on the current billing address of the customer (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 United States Product sales $ 9,489 $ 5,200 $ 25,806 $ 20,202 Services 1,645 2,812 7,130 8,511 Total United States 11,134 8,012 32,936 28,713 Canada Product sales 22,140 21,531 53,078 54,062 Services 6,725 6,613 19,514 19,074 Total Canada 28,865 28,144 72,592 73,136 Other Countries Product sales 46 555 3,571 1,885 Services 3,961 1,568 8,455 3,490 Total other countries 4,007 2,123 12,026 5,375 Total Product sales 31,675 27,286 82,455 76,149 Services 12,331 10,993 35,099 31,075 Total revenues $ 44,006 $ 38,279 $ 117,554 $ 107,224

Note 3 - Revenues

Note 3 - Revenues	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 3. Revenues Disaggregation of Revenue We sell our products and services primarily in North America and in selected international markets. See above "Note 2. Contract Balances If the timing of the delivery of products and provision of services is different from the timing of the customer payments, we recognize either a contract asset (performance precedes contractual due date in connection with estimates of variable consideration) or a contract liability (customer payment precedes performance) on our condensed consolidated balance sheet. The following table presents the current contract liabilities as of September 30, 2024 December 31, 2023 Balance at December 31, 2023 $ 460 Additions 106 Revenue recognized (515 ) Balance at September 30, 2024 $ 51 We currently do not September 30, 2024 December 31, 2023 may three September 2024 nine September 30, 2024 three nine September 30, 2023. Practical Expedient We do not one

Note 4 - Inventories, Net

Note 4 - Inventories, Net	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 4. Inventories, net Inventories consist of the following as of September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Raw materials $ 2,717 $ 2,395 Work in process 70 559 Finished goods 38,412 38,658 Total inventories, net $ 41,199 $ 41,612

Note 5 - Other Current Receivab

Note 5 - Other Current Receivables	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Other Current Receivables [Text Block]	Note 5. Other Current Receivables Other current receivables consist of the following as of September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Current income tax receivables $ 1,557 $ 1,418 Employee receivables 207 249 Other receivables 2,512 2,375 Total other current receivables $ 4,276 $ 4,042 Employee receivables primarily consist of amounts paid by us for foreign withholding tax paid on behalf of employees working on international assignments, which is expected to be reimbursed to us by the employees when refunded as foreign tax credits on their home-country tax returns. As of September 30, 2024 December 31, 2023 2023. fourth 2024. September 30, 2024 December 31, 2023, September 30, 2024 December 31, 2023 second 2024.

Note 6 - Property and Equipment

Note 6 - Property and Equipment	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 6. Property and Equipment Property and equipment by major asset class consist of the following as of September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Land $ 1,597 $ 1,630 Building and improvements 7,443 7,742 Machinery and equipment 19,819 19,435 Computers and software 2,140 2,408 Furniture and fixtures 474 722 Vehicles 136 265 Right of use assets - finance leases 13,994 12,709 45,603 44,911 Less: Accumulated depreciation and amortization (23,283 ) (21,912 ) 22,320 22,999 Construction in progress 336 337 Property and equipment, net $ 22,656 $ 23,336 The following table presents the depreciation expense associated with the respective income statement line items for the three nine September 30, 2024 2023 Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Cost of sales Cost of product sales $ 486 $ 414 $ 1,413 $ 1,158 Cost of services 213 144 555 443 Selling, general and administrative expenses 489 443 1,427 1,291 Total depreciation $ 1,188 $ 1,001 $ 3,395 $ 2,892 We evaluate our property and equipment for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not no three nine September 30, 2024 2023

Note 7 - Goodwill and Identifia

Note 7 - Goodwill and Identifiable Intangibles	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 7. Goodwill and Identifiable Intangibles The carrying amount of goodwill is summarized as follows (in thousands): September 30, December 31, 2024 2023 Gross value $ 177,162 $ 177,162 Accumulated impairment (161,940 ) (161,940 ) Net $ 15,222 $ 15,222 We perform an annual impairment analysis of goodwill as of December 31, may September 30, 2024 2023 not three nine September 30, 2024 2023 Identifiable intangibles by major asset class consist of the following (in thousands): September 30, 2024 Estimated Gross Useful Carrying Accumulated Net Lives (Years) Amount Amortization Balance Technology 1 - 20 $ 3,958 $ (1,057 ) $ 2,901 Customer relationships 10 4,100 (3,144 ) 956 Total amortizable intangible assets 8,058 (4,201 ) 3,857 Technology - not subject to amortization Indefinite 48 — 48 Total identifiable intangibles $ 8,106 $ (4,201 ) $ 3,905 December 31, 2023 Estimated Gross Useful Carrying Accumulated Net Lives (Years) Amount Amortization Balance Technology 1 - 20 $ 3,958 $ (863 ) $ 3,095 Customer relationships 10 4,100 (2,836 ) 1,264 Total amortizable intangible assets 8,058 (3,699 ) 4,359 Technology - not subject to amortization Indefinite 48 — 48 Total identifiable intangibles $ 8,106 $ (3,699 ) $ 4,407 Total amortization expense, which is associated with selling, general and administrative expenses on the condensed consolidated statements of operations, was million for e three September 30, 2024 2023 nine September 30, 2024 2023 Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not September 30, 2024 2023 no not three nine September 30, 2024 2023

Note 8 - Accrued Expenses

Note 8 - Accrued Expenses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 8. Accrued Expenses Accrued expenses consist of the following as of September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 Accrued payroll and bonus $ 5,800 $ 2,255 Property and franchise taxes accrual 294 251 Severance and other termination benefits — 436 Accrued other miscellaneous liabilities 780 760 Total accrued expenses $ 6,874 $ 3,702 As previously disclosed in our Annual Report, we implemented certain restructuring efforts during 2023 July 2023, 2023, 2023 nine September 30, 2024 no In June 2024, 2023 28

Note 9 - Debt

Note 9 - Debt	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 9 . Debt Our long-term debt consists of the following as of September 30, 2024 December 31, 2023 September 30, December 31, 2024 2023 ABL Facility $ — $ — Repeat Precision Promissory Note — — Finance leases 8,636 8,156 Total debt 8,636 8,156 Less: current portion (2,111 ) (1,812 ) Long-term debt $ 6,525 $ 6,344 The estimated fair value of total debt as of September 30, 2024 December 31, 2023 2 Below is a description of our financing arrangements. ABL Facility On May 3, 2022, May 3, 2022, May 3, 2022, April 16, 2024, may The ABL Facility is a revolving credit facility with an aggregate principal amount of $35.0 million, of which up to $10.0 million can be made in Canadian dollars and $7.5 million can be available for letters of credit. Total borrowings available to the borrowers under the ABL Facility may not September 30, 2024 May 3, 2027. September 30, 2024 December 31, 2023 Borrowings under the ABL Facility may September 30, 2024 three September 30, 2024 2023 nine September 30, 2024 2023 The obligations of the borrowers under the ABL Facility are guaranteed by NCSH and each of our U.S. and Canadian subsidiaries (other than Repeat Precision), as well as each of our future direct and indirect subsidiaries organized under the laws of the United States or Canada (subject to certain exceptions), and are secured by substantially all of the assets of NCSH and its subsidiaries, in each case, subject to certain exceptions and permitted liens. The Credit Agreement requires, as a condition to borrowing, that available cash on hand after borrowings does not 1.0 September 30, 2024 The Credit Agreement includes customary events of default for facilities of this type (with customary materiality thresholds and grace periods, as applicable). If an event of default occurs, the lenders party to the Credit Agreement may We capitalized direct costs of $1.0 million in connection with the Credit Agreement, and less than $0.1 million associated with the April 2024 three September 30, 2024 2023 nine September 30, 2024 2023 Repeat Precision Promissory Note On February 16, 2018, May 2024, May 10, 2025 September 30, 2024 may September 30, 2024 December 31, 2023, not Finance Leases We lease assets under finance lease arrangements, including an office and laboratory in Tulsa, Oklahoma, facilities in Odessa, Texas, and certain operating equipment and software. We also maintain a vehicle leasing arrangement with a fleet management company where we lease light vehicles and trucks that meet the finance lease criteria.

Note 10 - Commitment and Contin

Note 10 - Commitment and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 10. Commitments and Contingencies Litigation In the ordinary course of our business, from time to time, we have various claims, lawsuits and administrative proceedings that are pending or threatened with respect to commercial, intellectual property and employee matters. Texas Matter NCS was a defendant in a lawsuit in the District Court of Winkler County, Texas (the “Texas Matter”) that was settled in December 2023, no September 2019 et. al. claiming damage to their wells in 2018 third May 2023, 2023, fourth 2023, December 31, 2023, 2024, January 2024. Wyoming Matter NCS was a defendant in a lawsuit in a state district court in Wyoming, which settled in August 2023 ( second 2023, third 2023, Canada Patent Matters ● On July 24, 2018, 2039974 July 12, 2019, 2022. On October 10, 2023, November 2023. We believe that applicable law supports strong grounds to appeal the decision by the Canada Court as well as to reduce the costs award significantly. We have appealed the judgment and believe we have strong arguments that may may 2025, 2025. not not no July 2024, may ● On April 6, 2020, not Other Patent Matters In connection with our patent infringement jury verdict against Nine Energy Services, Inc. (“Nine”), in January 2022 No. 10,465,445 ’445 August 2022 ’445 December 2022 May 2024, ’445 2026. not In accordance with GAAP, we accrue for contingencies where the occurrence of a material loss is probable and can be reasonably estimated. Our legal contingencies may Operating Leases In October 2024, six three October, October 2024,

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 11. Share-Based Compensation During the nine September 30, 2024 one thirty During the nine September 30, 2024 three not In addition, during the nine September 30, 2024 January 1, 2024 December 31, 2026. three March 2024 zero first 2027. 25th 50% 50th 100% 75th 125% Total share-based compensation expense for all awards was $1.3 million and $1.7 million for the three September 30, 2024 2023 nine September 30, 2024 2023

Note 12 - Income Taxes

Note 12 - Income Taxes	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 12. Income Taxes The computation of the annual estimated effective tax rate at each interim period requires certain estimates and assumptions including, but not may not Our effective tax rate (“ETR”) from continuing operations was (0.7%) and (15.0%) for the three September 30, 2024 2023 nine September 30, 2024 2023, three nine September 30, 2024 2023 three nine September 30, 2024 2023 not three nine September 30, 2024 2023 three nine September 30, 2024 2023

Note 13 - Earnings (Loss) Per C

Note 13 - Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 13. Earnings Loss) Per Co The following table presents the reconciliation of the numerator and denominator for calculating earnings (loss) per common share (in thousands, except per share data): Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Numerator Net income (loss) $ 4,704 $ 4,112 $ 4,418 $ (42,960 ) Less: income (loss) attributable to non-controlling interest 557 (296 ) 1,296 (168 ) Net income (loss) attributable to NCS Multistage Holdings, Inc. $ 4,147 $ 4,408 $ 3,122 $ (42,792 ) Denominator Basic weighted average number of shares 2,548 2,479 2,535 2,469 Dilutive effect of stock options, RSUs and PSUs 40 10 36 — Diluted weighted average number of shares 2,588 2,489 2,571 2,469 Earnings (loss) per common share Basic $ 1.63 $ 1.78 $ 1.23 $ (17.33 ) Diluted $ 1.60 $ 1.77 $ 1.21 $ (17.33 ) Potentially dilutive securities excluded as anti-dilutive 65 114 40 147

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. Other Information During the quarter ended September 30, 2024 no 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation Our accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10 8 X 1934, not 10 December 31, 2023 not no
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In December 2023, No. 2023 09, Income Taxes (Topic 740 December 15, 2024 not In November 2023, No. 2023 07, Segment Reporting (Topic 280 December 15, 2023, December 15, 2024,

Note 2 - Segment and Geograph_2

Note 2 - Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 United States Product sales $ 9,489 $ 5,200 $ 25,806 $ 20,202 Services 1,645 2,812 7,130 8,511 Total United States 11,134 8,012 32,936 28,713 Canada Product sales 22,140 21,531 53,078 54,062 Services 6,725 6,613 19,514 19,074 Total Canada 28,865 28,144 72,592 73,136 Other Countries Product sales 46 555 3,571 1,885 Services 3,961 1,568 8,455 3,490 Total other countries 4,007 2,123 12,026 5,375 Total Product sales 31,675 27,286 82,455 76,149 Services 12,331 10,993 35,099 31,075 Total revenues $ 44,006 $ 38,279 $ 117,554 $ 107,224

Note 3 - Revenues (Tables)

Note 3 - Revenues (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Balance at December 31, 2023 $ 460 Additions 106 Revenue recognized (515 ) Balance at September 30, 2024 $ 51

Note 4 - Inventories, Net (Tabl

Note 4 - Inventories, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2024 2023 Raw materials $ 2,717 $ 2,395 Work in process 70 559 Finished goods 38,412 38,658 Total inventories, net $ 41,199 $ 41,612

Note 5 - Other Current Receiv_2

Note 5 - Other Current Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Other Current Receivables [Table Text Block]	September 30, December 31, 2024 2023 Current income tax receivables $ 1,557 $ 1,418 Employee receivables 207 249 Other receivables 2,512 2,375 Total other current receivables $ 4,276 $ 4,042

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2024 2023 Land $ 1,597 $ 1,630 Building and improvements 7,443 7,742 Machinery and equipment 19,819 19,435 Computers and software 2,140 2,408 Furniture and fixtures 474 722 Vehicles 136 265 Right of use assets - finance leases 13,994 12,709 45,603 44,911 Less: Accumulated depreciation and amortization (23,283 ) (21,912 ) 22,320 22,999 Construction in progress 336 337 Property and equipment, net $ 22,656 $ 23,336
Schedule of Depreciation [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Cost of sales Cost of product sales $ 486 $ 414 $ 1,413 $ 1,158 Cost of services 213 144 555 443 Selling, general and administrative expenses 489 443 1,427 1,291 Total depreciation $ 1,188 $ 1,001 $ 3,395 $ 2,892

Note 7 - Goodwill and Identif_2

Note 7 - Goodwill and Identifiable Intangibles (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	September 30, December 31, 2024 2023 Gross value $ 177,162 $ 177,162 Accumulated impairment (161,940 ) (161,940 ) Net $ 15,222 $ 15,222
Schedule of Intangible Assets and Goodwill [Table Text Block]	September 30, 2024 Estimated Gross Useful Carrying Accumulated Net Lives (Years) Amount Amortization Balance Technology 1 - 20 $ 3,958 $ (1,057 ) $ 2,901 Customer relationships 10 4,100 (3,144 ) 956 Total amortizable intangible assets 8,058 (4,201 ) 3,857 Technology - not subject to amortization Indefinite 48 — 48 Total identifiable intangibles $ 8,106 $ (4,201 ) $ 3,905 December 31, 2023 Estimated Gross Useful Carrying Accumulated Net Lives (Years) Amount Amortization Balance Technology 1 - 20 $ 3,958 $ (863 ) $ 3,095 Customer relationships 10 4,100 (2,836 ) 1,264 Total amortizable intangible assets 8,058 (3,699 ) 4,359 Technology - not subject to amortization Indefinite 48 — 48 Total identifiable intangibles $ 8,106 $ (3,699 ) $ 4,407

Note 8 - Accrued Expenses (Tabl

Note 8 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2024 2023 Accrued payroll and bonus $ 5,800 $ 2,255 Property and franchise taxes accrual 294 251 Severance and other termination benefits — 436 Accrued other miscellaneous liabilities 780 760 Total accrued expenses $ 6,874 $ 3,702

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2024 2023 ABL Facility $ — $ — Repeat Precision Promissory Note — — Finance leases 8,636 8,156 Total debt 8,636 8,156 Less: current portion (2,111 ) (1,812 ) Long-term debt $ 6,525 $ 6,344

Note 13 - Earnings (Loss) Per_2

Note 13 - Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Numerator Net income (loss) $ 4,704 $ 4,112 $ 4,418 $ (42,960 ) Less: income (loss) attributable to non-controlling interest 557 (296 ) 1,296 (168 ) Net income (loss) attributable to NCS Multistage Holdings, Inc. $ 4,147 $ 4,408 $ 3,122 $ (42,792 ) Denominator Basic weighted average number of shares 2,548 2,479 2,535 2,469 Dilutive effect of stock options, RSUs and PSUs 40 10 36 — Diluted weighted average number of shares 2,588 2,489 2,571 2,469 Earnings (loss) per common share Basic $ 1.63 $ 1.78 $ 1.23 $ (17.33 ) Diluted $ 1.60 $ 1.77 $ 1.21 $ (17.33 ) Potentially dilutive securities excluded as anti-dilutive 65 114 40 147

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Sep. 30, 2024
Repeat Precision, LLC [Member]
Subsidiary, Ownership Percentage, Parent	50%

Note 2 - Segment and Geograph_3

Note 2 - Segment and Geographic Information (Details Textual)	9 Months Ended
	Sep. 30, 2024
Number of Reportable Segments	1

Note 2 - Segment and Geograph_4

Note 2 - Segment and Geographic Information - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue	$ 44,006	$ 38,279	$ 117,554	$ 107,224
Product [Member]
Revenue	31,675	27,286	82,455	76,149
Service [Member]
Revenue	12,331	10,993	35,099	31,075
UNITED STATES
Revenue	11,134	8,012	32,936	28,713
UNITED STATES | Product [Member]
Revenue	9,489	5,200	25,806	20,202
UNITED STATES | Service [Member]
Revenue	1,645	2,812	7,130	8,511
CANADA
Revenue	28,865	28,144	72,592	73,136
CANADA | Product [Member]
Revenue	22,140	21,531	53,078	54,062
CANADA | Service [Member]
Revenue	6,725	6,613	19,514	19,074
Other Countries [Member]
Revenue	4,007	2,123	12,026	5,375
Other Countries [Member] | Product [Member]
Revenue	46	555	3,571	1,885
Other Countries [Member] | Service [Member]
Revenue	$ 3,961	$ 1,568	$ 8,455	$ 3,490

Note 3 - Revenues (Details Text

Note 3 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Contract with Customer, Liability, Noncurrent	$ 0		$ 0
Contract With Customer, Liability, Revenue Recognized During Period	0	$ 100	515	$ 100
Contract with Customer, Asset, after Allowance for Credit Loss	$ 0		$ 0

Note 3 - Revenues - Contract Li

Note 3 - Revenues - Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Beginning balance			$ 460
Additions			106
Revenue recognized	$ 0	$ (100)	(515)	$ (100)
Ending balance	$ 51		$ 51

Note 4 - Inventories, Net - Sch

Note 4 - Inventories, Net - Schedule of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Raw materials	$ 2,717	$ 2,395
Work in process	70	559
Finished goods	38,412	38,658
Total inventories, net	$ 41,199	$ 41,612

Note 5 - Other Current Receiv_3

Note 5 - Other Current Receivables (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Receivables, Net, Current	$ 4,276	$ 4,042
Technical Services and Assistance Agreement [Member]
Other Receivables, Net, Current	1,000	900
Non-qualified Deferred Compensation Plan [Member]
Cash Surrender Value of Life Insurance	1,200	1,200
Deferred Compensation Liability, to be Liquidated in Short Term	$ 1,100	$ 1,200

Note 5 - Other Current Receiv_4

Note 5 - Other Current Receivables - Schedule of Other Current Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current income tax receivables	$ 1,557	$ 1,418
Employee receivables	207	249
Other receivables	2,512	2,375
Total other current receivables	$ 4,276	$ 4,042

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Tangible Asset Impairment Charges	$ 0	$ 0	$ 0	$ 0

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Right of use assets - finance leases	$ 13,994	$ 12,709
Property and equipment, net	22,656	23,336
Construction in progress	336	337
Land [Member]
Property and equipment, gross	1,597	1,630
Building and Building Improvements [Member]
Property and equipment, gross	7,443	7,742
Machinery and Equipment [Member]
Property and equipment, gross	19,819	19,435
Computer Equipment [Member]
Property and equipment, gross	2,140	2,408
Furniture and Fixtures [Member]
Property and equipment, gross	474	722
Vehicles [Member]
Property and equipment, gross	136	265
Property and Equipment, Excluding Construction in Progress [Member]
Property and equipment, gross	45,603	44,911
Less: Accumulated depreciation and amortization	(23,283)	(21,912)
Property and equipment, net	$ 22,320	$ 22,999

Note 6 - Property and Equipme_5

Note 6 - Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Selling, general and administrative expenses	$ 489	$ 443	$ 1,427	$ 1,291
Total depreciation	1,188	1,001	3,395	2,892
Product [Member]
Cost of sales	486	414	1,413	1,158
Service [Member]
Cost of sales	$ 213	$ 144	$ 555	$ 443

Note 7 - Goodwill and Identif_3

Note 7 - Goodwill and Identifiable Intangibles (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill, Impairment Loss	$ 0	$ 0		$ 0	$ 0
Amortization of Intangible Assets	200		$ 200	500	500
Impairment of Intangible Assets, Finite-Lived	$ 0	$ 0		$ 0	$ 0

Note 7 - Goodwill and Identif_4

Note 7 - Goodwill and Identifiable Intangibles - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Gross value	$ 177,162	$ 177,162
Accumulated impairment	(161,940)	(161,940)
Net	$ 15,222	$ 15,222

Note 7 - Goodwill and Identif_5

Note 7 - Goodwill and Identifiable Intangibles - Identifiable Intangibles By Major Asset Class (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortizable intangible assets, gross	$ 8,058	$ 8,058
Amortizable intangible assets, accumulated amortization	(4,201)	(3,699)
Amortizable intangible assets, net	3,857	4,359
Total identifiable intangibles, gross	8,106	8,106
Total identifiable intangibles, net	3,905	4,407
Technology, Not Subject To Amortization [Member]
Technology - not subject to amortization	48	48
Technology-Based Intangible Assets [Member]
Amortizable intangible assets, gross	3,958	3,958
Amortizable intangible assets, accumulated amortization	(1,057)	(863)
Amortizable intangible assets, net	$ 2,901	$ 3,095
Technology-Based Intangible Assets [Member] | Minimum [Member]
Estimated useful lives (Year)	1 year	1 year
Technology-Based Intangible Assets [Member] | Maximum [Member]
Estimated useful lives (Year)	20 years	20 years
Customer Relationships [Member]
Estimated useful lives (Year)	10 years	10 years
Amortizable intangible assets, gross	$ 4,100	$ 4,100
Amortizable intangible assets, accumulated amortization	(3,144)	(2,836)
Amortizable intangible assets, net	$ 956	$ 1,264

Note 8 - Accrued Expenses (Deta

Note 8 - Accrued Expenses (Details Textual) - Severance and Moving Costs [Member] - Efforts to Streamline Tracer Diagnostics Operations [Member] - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Dec. 31, 2023	Sep. 30, 2024
Restructuring Charges	$ 1.9
Payments for Restructuring	$ 1.1	$ 0.4

Note 8 - Accrued Expenses - Sch

Note 8 - Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accrued payroll and bonus	$ 5,800	$ 2,255
Property and franchise taxes accrual	294	251
Severance and other termination benefits	0	436
Accrued other miscellaneous liabilities	780	760
Total accrued expenses	$ 6,874	$ 3,702

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) $ in Thousands, $ in Millions			3 Months Ended		9 Months Ended
	May 03, 2022 USD ($)	Feb. 16, 2018 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	May 03, 2022 CAD ($)
Amortization of Debt Issuance Costs					$ 155	$ 153
Repeat Precision Promissory Note [Member]
Long-Term Debt			$ 0		$ 0		$ 0
Security State Bank & Trust, Fredericksburg [Member] | Repeat Precision Promissory Note [Member]
Debt Instrument, Interest Rate, Effective Percentage			9%		9%
Debt Instrument, Face Amount		$ 2,500
Long-Term Debt			$ 0		$ 0		0
Security State Bank & Trust, Fredericksburg [Member] | Prime Rate [Member] | Repeat Precision Promissory Note [Member]
Debt Instrument, Basis Spread on Variable Rate		1%
Revolving Credit Facility [Member]
Long-Term Line of Credit			0		0		0
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000							$ 10
Long-Term Line of Credit			$ 0		$ 0		0
Debt Instrument, Interest Rate, Effective Percentage			7.40%		7.40%
Interest Expense, Debt			$ 100	$ 100	$ 200	200
Debt Instrument, Covenant, Maximum Available Cash After Borrowings	$ 10,000
Debt Instrument, Covenant, Maximum Quarterly Liquidity for Fixed Charge Coverage Ratio	20%							20%
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio	1							1
Debt Issuance Costs, Gross	$ 1,000
Amortization of Debt Issuance Costs			100	$ 100	200	$ 200
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.25%
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.50%
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Alternate Base Rate (ABR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.40%
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Alternate Base Rate (ABR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.40%
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.40%
Revolving Credit Facility [Member] | JPMorgan Chase Bank, N.A. [Member] | Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.40%
Letter of Credit [Member] | JPMorgan Chase Bank, N.A. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 7,500
Line of Credit Facility, Remaining Borrowing Capacity			21,700		21,700
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure			$ 7,700		$ 7,700		$ 7,100

Note 9 - Debt - Long-term Debt

Note 9 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finance leases	$ 8,636	$ 8,156
Total debt	8,636	8,156
Less: current portion	(2,111)	(1,812)
Long-term debt	6,525	6,344
Repeat Precision Promissory Note [Member]
Repeat Precision Promissory Note	0	0
Revolving Credit Facility [Member]
ABL Facility	$ 0	$ 0

Note 10 - Commitment and Cont_2

Note 10 - Commitment and Contingencies (Details Textual) $ in Thousands, $ in Millions				1 Months Ended			3 Months Ended	8 Months Ended
	Oct. 10, 2023 USD ($)	Oct. 10, 2023 CAD ($)	May 02, 2023 USD ($)	Aug. 31, 2023 USD ($)	Aug. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Oct. 23, 2024 USD ($)	Sep. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Loss Contingency Accrual							$ 15,000	$ 15,000		$ 0
Operating Lease, Right-of-Use Asset							4,847	4,847		3,644
Subsequent Event [Member] | Ojinaga, Mexico Manufacturing Plant [Member]
Operating Lease, Right-of-Use Asset									$ 2,300
Operating Lease, Liability									$ 2,300
Subsequent Event [Member] | Ojinaga, Mexico Manufacturing Plant [Member] | Repeat Precision, LLC [Member]
Lessee, Operating Lease, Term of Contract (Year)									6 years
Lessee, Operating Lease, Renewal Term (Year)									3 years
Subsequent Event [Member] | Sales Facility in Oklahoma City [Member]
Lessee, Operating Lease, Term of Contract (Year)									62 months
Operating Lease, Right-of-Use Asset									$ 300
Operating Lease, Liability									$ 300
Texas Matter [Member] | Pending Litigation [Member]
Loss Contingency Accrual							40,800	40,800
Loss Contingency, Damages Paid by Insurance, Value								2,000
Texas Matter [Member] | Pending Litigation [Member] | Maximum [Member]
Litigation Settlement, Amount Awarded to Other Party			$ 42,500
Texas Matter [Member] | Settled Litigation [Member]
Loss Contingency Accrual							15,000	$ 15,000
Loss Contingency Accrual (Reversal), Provision							$ (40,800)
Wyoming Matter [Member] | Settled Litigation [Member]
Loss Contingency Accrual											$ 1,700
Loss Contingency, Damages Paid by Insurance, Value				$ 2,000
Proceeds from Legal Settlements				$ 600
Canada Patent Matters [Member] | Settled Litigation [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 1,800	$ 2.5
Patent Infringement Against Nine Energy Services, Inc. [Member] | Pending Litigation [Member]
Litigation Settlement, Amount Awarded from Other Party					$ 1,900	$ 500
Patent Infringement Against Nine Energy Services, Inc. [Member] | Pending Litigation [Member] | Nine and TCO [Member]
Gain Contingency, Unrecorded Amount										$ 6,000

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)
Share-Based Payment Arrangement, Expense | $	$ 1.3	$ 1.7	$ 3.4	$ 4.2
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			24,366
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares			$ 15.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			1 year
Equivalent Stock Units (ESUs) [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			202,225
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares			$ 15.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Performance Stock Units (PSUs) [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			56,157
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares			$ 15.27
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Start Earning	25		25
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 100 Percent	50		50
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 125 Percent	75		75
Performance Stock Units (PSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Minimum [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares)	0		0
Performance Stock Units (PSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | Maximum [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares)	1.25		1.25

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Effective Income Tax Rate Reconciliation, Percent	(0.70%)	(15.00%)	14%	0.70%

Note 13 - Earnings (Loss) Per_3

Note 13 - Earnings (Loss) Per Common Share - Calculation of Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income (loss)	$ 4,704	$ (2,839)	$ 2,553	$ 4,112	$ (32,076)	$ (14,996)	$ 4,418	$ (42,960)
Net income (loss) attributable to non-controlling interest	557			(296)			1,296	(168)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 4,147			$ 4,408			$ 3,122	$ (42,792)
Basic (in shares)	2,548			2,479			2,535	2,469
Dilutive effect of stock options, RSUs and PSUs (in shares)	40			10			36	0
Diluted weighted average number of shares (in shares)	2,588			2,489			2,571	2,469
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 1.63			$ 1.78			$ 1.23	$ (17.33)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 1.6			$ 1.77			$ 1.21	$ (17.33)
Potentially dilutive securities excluded as anti-dilutive (in shares)	65			114			40	147