0001437749-25-006851 | 10-K | XBRL Viewer | NCS Multistage Holdings INC

Segment Reporting Disclosure [Text Block]

Note 3. Segment and Geographic Information

We sell the following complementary products and services largely to exploration and production customers: fracturing systems and enhanced recovery systems products and the provision of related services, casing buoyancy systems, liner hanger systems and toe initiation sleeves products as well as sales of our tracer diagnostics services. In addition, we sell composite and dissolvable frac plugs, setting tools, perforating guns and related products through Repeat Precision, our 50% owned entity. Our complementary products and services are typically used by our customers to facilitate the construction and stimulation of horizontal wellbores and to provide diagnostic information that customers can utilize to improve upon their completion techniques in subsequent wells.

We have one reportable segment as we manage our activities on a consolidated basis applying 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. Our CODM is the Chief Executive Officer.

NCS evaluates performance on a consolidated basis by reviewing key income statement items such as revenue, gross margin, and net income, as well as other specific balance sheet and cash flow items. We compare certain key financial figures to financial guidance and evaluate our share price performance and estimated trading multiple relative to selected peers. Although we utilize a non-GAAP measure of Adjusted EBITDA to evaluate our ability to generate cash and as an alternate measure of profitability, our primary cash flow measure is the GAAP measure of cash flow from operating activities and our primary profitability measure is the GAAP measure of net income (loss). The accounting policies of our one reportable segment are the same as those described in the summary of significant accounting policies.

The CODM assesses the segment’s performance by evaluating the measures noted above and decides how to allocate resources (including capital expenditures, financial resources and employees) through an integrated annual budget and more frequent forecasting processes, with the annual budget subject to approval by our Board of Directors (“Board”). The CODM allocates resources in a manner that he believes will maximize value for the consolidated corporate entity and its stockholders. The CODM considers variances from actual to budget, our most recent estimate and the prior year on a monthly basis when making decisions about the allocation of operating and capital resources. The CODM also regularly reviews consolidated cash flow, as well as the non-GAAP measure of free cash flow (cash flow from operations less capital expenditures) and periodically analyzes our market share. The CODM’s assessment of business performance is consistent with the presentation on our consolidated financial statements in addition to his review of significant SG&A expense categories.

The following table summarizes significant SG&A expenses that are not separately presented on our consolidated statements of operations (in thousands):

	*Year Ended December 31,*
	*2024*		*2023*
Payroll and employee benefits	$	34,610	$	31,558
Share-based compensation		5,213		5,365
Professional services		6,848		7,154
Insurance		2,135		2,334
Software and hardware		2,089		2,134
Other		6,925		7,973
Total SG&A	$	57,820	$	56,518

The following table summarizes revenue by geographic area attributed based on the current billing address of the customer (in thousands):

	*Year Ended December 31,*
	*2024*		*2023*
United States
Product sales	$	34,082	$	26,613
Services		9,570		11,206
Total United States		43,652		37,819
Canada
Product sales		74,654		71,946
Services		27,781		26,161
Total Canada		102,435		98,107
Other Countries
Product sales		4,310		1,888
Services		12,160		4,657
Total other countries		16,470		6,545
Total
Product sales		113,046		100,447
Services		49,511		42,024
Total revenues	$	162,557	$	142,471

The following table summarizes long-lived assets (defined as property and equipment, net and operating lease assets) by geographic area (in thousands):

	*December 31,*		*December 31,*
	*2024*		*2023*
United States	$	13,455	$	15,673
Canada		10,240		10,782
Other Countries		3,499		1,728
	$	27,194	$	28,183

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 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)	2,563,979	2,482,796
Common stock, shares outstanding (in shares)	2,507,430	2,443,744
Treasury stock, shares (in shares)	56,549	39,052

Consolidated Statements of Changes in Stockholders' Equity - 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	4,164	0	0	0	0	4,164
Net income (loss)	0	0	0	0	(3,153)	0	42	(3,111)
Distribution to noncontrolling interest	$ 0	$ 0	0	0	0	$ 0	(500)	(500)
Vesting of restricted stock (in shares)	0	47,987				0
Vesting of restricted stock	$ 0	$ 1	(1)	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(12,717)
Shares withheld	$ 0	$ 0	0	0	0	$ (287)	0	(287)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(135)	0	$ 0	0	(135)
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	2,747	0	0	0	0	2,747
Net income (loss)	0	0	0	0	6,593	0	1,545	8,138
Distribution to noncontrolling interest	$ 0	$ 0	0	0	0	$ 0	(2,050)	(2,050)
Vesting of restricted stock (in shares)	0	81,183				0
Vesting of restricted stock	$ 0	$ 1	(1)	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(17,497)
Shares withheld	$ 0	$ 0	0	0	0	$ (267)	0	(267)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(1,852)	0	$ 0	0	(1,852)
Balances (in shares) at Dec. 31, 2024	0	2,563,979				(56,549)
Balances at Dec. 31, 2024	$ 0	$ 26	$ 447,384	$ (87,604)	$ (259,024)	$ (1,943)	$ 17,270	$ 116,109

Note 4 - Revenues (Tables)

12 Months Ended

Dec. 31, 2024

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Balance at December 31, 2022	$	51
Additions		432
Revenue recognized		(23	)
Balance at December 31, 2023	$	460
Additions		278
Revenue recognized		(515	)
Balance at December 31, 2024	$	223

Note 14 - Employee Benefit Plan (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Contribution Plan, Cost	$ 1	$ 1
The 401K Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Defined Contribution Plan, Employer Discretionary Matching Contribution, Percent Of Match	50.00%
Defined Contribution Plan, Employer Maximum Matching Discretionary, Contribution Percent	2.00%
Retirement Saving Program [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Retirement Saving Program [Member] \| Repeat Precision, LLC [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%

Note 10 - Debt

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Text Block]

Note 10. Debt

Our long-term debt consists of the following as of December 31, 2024 and 2023 (in thousands):

	*December 31,*			*December 31,*
	*2024*			*2023*
ABL Facility	$	—		$	—
Repeat Precision Promissory Note		—			—
Finance leases		8,142			8,156
Total debt		8,142			8,156
Less: current portion		(2,141	)		(1,812	)
Long-term debt	$	6,001		$	6,344

The estimated fair value of total debt as of December 31, 2024 and 2023 was $7.2 million and $7.1 million, respectively. The fair value of the finance leases was estimated using Level 2 inputs by calculating the sum of the discounted future interest and principal payments at our incremental borrowing rate through the date of maturity.

Below is a description of our financing arrangements.

ABL Facility

In May 2022, we entered into an ABL Facility, where credit availability is subject to a borrowing base calculation. The ABL Facility is governed by the Credit Agreement dated as of May 3, 2022, by and between NCS Multistage Holdings, Inc. (“NCSH”), Pioneer Investment, Inc., NCS Multistage, LLC, NCS Multistage Inc., the other loan parties thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and as a lender under the facility provided therein (the “Credit Agreement”). In April 2024, we amended the Credit Agreement to modify the benchmark that may be used for loans in Canadian dollars in connection with the cessation of the CDOR Rate and transition to the CORRA Rate.

The ABL Facility is a revolving credit facility with an aggregate principal amount of $35.0 million, of which borrowing up to $10.0 million can be made in Canadian dollars and funding of $7.5 million can be available for letters of credit. Total borrowings available to the borrowers under the ABL Facility may be limited subject to a borrowing base calculated on the sum of cash in a specified pledged account, eligible accounts receivables and eligible inventory, provided such eligible balances cannot include the assets of Repeat Precision. Our available borrowing base under the ABL Facility as of December 31, 2024 was $20.1 million. The ABL Facility will mature in May 2027. As of December 31, 2024 and 2023, we had no outstanding indebtedness under the ABL Facility.

Borrowings under the ABL Facility may be made in U.S. dollars with interest calculated using either the “ABR”, the “Adjusted Daily Simple SOFR” or the “Adjusted Term SOFR Rate”, and in Canadian dollars with interest calculated using the “Canadian Prime Rate” or the “Adjusted Term CORRA Rate” (each as defined in the amended and restated Credit Agreement). Borrowings bear interest plus a margin that varies depending on our leverage ratio as follows: (i) for ABR based loans, between 1.40% and 2.40%, and (ii) for Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and Adjusted Term CORRA Rate, between 2.40% and 3.40%. We must also pay a commitment fee calculated at 0.25% to 0.50% per annum, based on unused commitments. The applicable interest rate at December 31, 2024 was 6.9%. We incurred interest expense related to the ABL Facility, including commitment fees, of $0.2 million for each of the years ended December 31, 2024 and 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 exceed $10.0 million. The Credit Agreement also requires us to (i) maintain, for quarters during which liquidity is less than 20% of the aggregate revolving commitments, a fixed charge coverage ratio of at least 1.0 to 1.0 and (ii) to prepay advances to the extent that the outstanding loans and letter of credit amounts exceed the most recently calculated borrowing base. As of December 31, 2024, we were in compliance with these financial covenants. The Credit Agreement also contains customary affirmative and negative covenants, including, among other things, restrictions on the creation of liens, the incurrence of indebtedness, investments, dividends and other restricted payments, dispositions and transactions with affiliates.

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 elect (after the expiration of any applicable notice or grace periods) to declare all outstanding borrowings under such facility, together with accrued and unpaid interest and other amounts payable thereunder, to be immediately due and payable. The lenders party to the Credit Agreement also have the right upon an event of default thereunder to terminate any commitments to provide further borrowings, or to provide additional financing in excess of the borrowing base limit, or to proceed against the collateral securing the ABL Facility.

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 amendment, each of which is being amortized over the remaining term of the ABL Facility using the straight-line method. Amortization of the deferred financing charges of $0.2 million for each of the years ended December 31, 2024 and 2023, was included in interest expense, net.

Repeat Precision Promissory Note

In February 2018, Repeat Precision entered into a promissory note with Security State Bank & Trust, Fredericksburg (the “Repeat Precision Promissory Note”). The Repeat Precision Promissory Note had been renewed several times. In May 2024, the Repeat Precision Promissory Note was renewed with an aggregate borrowing capacity of $2.5 million, lowered from an aggregate borrowing capacity of $4.3 million. The Repeat Precision Promissory Note is scheduled to mature in May 2025 and bears interest at a variable interest rate based on prime plus 1.00%. The applicable interest rate at December 31, 2024 was 8.5%. The Repeat Precision Promissory Note is collateralized by certain equipment, inventory and receivables of Repeat Precision. Total borrowings may be limited subject to a borrowing base calculation, which includes a portion of Repeat Precision’s eligible receivables, inventory and equipment. As of December 31, 2024 and 2023, there was no outstanding indebtedness under the promissory note. Repeat Precision’s indebtedness is guaranteed by Repeat Precision and its subsidiary and is not guaranteed by any other NCS entity.

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. See “Note 15. Leases” for additional information.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Note 7 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Right of use assets - finance leases	$ 13,751	$ 12,709
Property and equipment, net	21,283	23,336
Construction in progress	226	337
Land [Member]
Property and equipment, gross	1,501	1,630
Building and Building Improvements [Member]
Property and equipment, gross	6,792	7,742
Machinery and Equipment [Member]
Property and equipment, gross	19,769	19,435
Computer Equipment [Member]
Property and equipment, gross	2,175	2,408
Furniture and Fixtures [Member]
Property and equipment, gross	460	722
Vehicles [Member]
Property and equipment, gross	128	265
Property and Equipment, Excluding Construction in Progress [Member]
Property and equipment, gross	44,576	44,911
Less: Accumulated depreciation and amortization	(23,519)	(21,912)
Property and equipment, net	$ 21,057	$ 22,999

Note 16 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accruals not currently deductible	$ 2,546	$ 2,947
Depreciation and amortization	7,760	8,761
R&D credits	1,208	1,023
Tax loss carryforward	2,113	4,333
Other	2,620	1,798
Deferred Tax Assets, Gross	16,247	18,862
Valuation allowance for deferred tax assets	(16,009)	(18,758)
Total deferred tax assets	238	104
Foreign currency translation	0	(287)
Total deferred tax liabilities	0	(287)
Net deferred tax assets	238
Net deferred tax liabilities		(183)
Deferred income taxes, net	424	66
Deferred income tax liabilities—noncurrent	$ (186)	$ (249)

Note 3 - Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Significant Selling, General, and Administrative Expenses [Table Text Block]

	*Year Ended December 31,*
	*2024*		*2023*
Payroll and employee benefits	$	34,610	$	31,558
Share-based compensation		5,213		5,365
Professional services		6,848		7,154
Insurance		2,135		2,334
Software and hardware		2,089		2,134
Other		6,925		7,973
Total SG&A	$	57,820	$	56,518

Disaggregation of Revenue [Table Text Block]

	*Year Ended December 31,*
	*2024*		*2023*
United States
Product sales	$	34,082	$	26,613
Services		9,570		11,206
Total United States		43,652		37,819
Canada
Product sales		74,654		71,946
Services		27,781		26,161
Total Canada		102,435		98,107
Other Countries
Product sales		4,310		1,888
Services		12,160		4,657
Total other countries		16,470		6,545
Total
Product sales		113,046		100,447
Services		49,511		42,024
Total revenues	$	162,557	$	142,471

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	*December 31,*		*December 31,*
	*2024*		*2023*
United States	$	13,455	$	15,673
Canada		10,240		10,782
Other Countries		3,499		1,728
	$	27,194	$	28,183

Note 15 - Leases - Schedule of Future Minimum Payments on Lease (Details) (Parentheticals)	Dec. 31, 2024
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities

Note 15 - Leases - Summary of Lease Assets and Liabilities (Details) - USD ($)
$ in Thousands

Dec. 31, 2024

Dec. 31, 2023

Operating lease assets

^[1]

$ 5,911

$ 4,847

Finance (2)

^[2]

7,721

7,985

Total leased right-of-use assets

13,632

12,832

Operating (1)

^[1]

1,602

1,583

Finance

2,141

1,812

Operating (1)

^[1]

4,891

3,775

Long-term debt

6,001

6,344

Total lease liabilities

$ 14,635

$ 13,514

[1]

During the year ended December 31, 2023, we relocated to a new facility in Red Deer, Alberta, Canada, for which we recorded an operating lease ROU asset and leasehold improvement and corresponding liability of $1.7 million. This operating lease has a term of approximately five years. During the year ended December 31, 2022, we entered into three operating leases and renewed four others for our facilities in various locations. We recorded long-term ROU assets totaling approximately $1.4 million and corresponding operating lease liabilities. The leases have renewal terms from three to approximately six years.

[2]

Finance lease right-of-use assets are presented net of accumulated amortization of $4.7 million and $3.5 million as of December 31, 2023 and 2022, respectively.

Note 3 - Segment and Geographic Information - Schedule of Significant Selling, General, and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Payroll and employee benefits	$ 34,610	$ 31,558
Share-based compensation	5,213	5,365
Professional services	6,848	7,154
Insurance	2,135	2,334
Software and hardware	2,089	2,134
Other	6,925	7,973
Total SG&A	$ 57,820	$ 56,518

Note 13 - Share-based Compensation - Award Activity (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Shares Held in Employee Stock Option Plan, Suspense Shares	13,259
Non-vested at December 31, 2023 (in shares)	133,499
Non-vested at December 31, 2023 (in dollars per share) \| $ / shares	$ 30.55
Granted (in shares)	24,366
Granted (in dollars per share) \| $ / shares	$ 15.35
Vested (in shares)	(84,939)
Vested (in dollars per share) \| $ / shares	$ 30.4
Forfeited (in shares)	(826)
Forfeited (in dollars per share) \| $ / shares	$ 42.9
Non-vested at December 31, 2024 (in shares)	72,100
Non-vested at December 31, 2024 (in dollars per share) \| $ / shares	$ 25.44
Equivalent Stock Units (ESUs) [Member]
Non-vested at December 31, 2023 (in shares)	140,039
Non-vested at December 31, 2023 (in dollars per share) \| $ / shares	$ 30.25
Granted (in shares)	202,225
Granted (in dollars per share) \| $ / shares	$ 15.35
Vested (in shares)	(63,710)
Vested (in dollars per share) \| $ / shares	$ 32.34
Forfeited (in shares)	(826)
Forfeited (in dollars per share) \| $ / shares	$ 42.9
Non-vested at December 31, 2024 (in shares)	277,728
Non-vested at December 31, 2024 (in dollars per share) \| $ / shares	$ 18.88
Performance Stock Units (PSUs) [Member]
Non-vested at December 31, 2023 (in shares)	54,358
Non-vested at December 31, 2023 (in dollars per share) \| $ / shares	$ 53.11
Granted (in shares)	56,157
Granted (in dollars per share) \| $ / shares	$ 15.27
Vested (in shares)	0
Vested (in dollars per share) \| $ / shares	$ 0
Forfeited (in shares)	(17,454)
Forfeited (in dollars per share) \| $ / shares	$ 71.28
Non-vested at December 31, 2024 (in shares)	93,061
Non-vested at December 31, 2024 (in dollars per share) \| $ / shares	$ 26.87

Note 8 - Goodwill and Identifiable Intangibles - Schedule of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025	$ 669
2026	669
2027	293
2028	259
2029	259
Thereafter	1,541
Total	$ 3,690	$ 4,359

Note 6 - Other Current Receivables - Schedule of Other Current Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current income tax receivables	$ 1,743	$ 1,418
Employee receivables	165	249
Other receivables	3,235	2,375
Total other current receivables	$ 5,143	$ 4,042

Note 8 - Goodwill and Identifiable Intangibles - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Gross value	$ 177,162	$ 177,162
Accumulated impairment	(161,940)	(161,940)
Net	$ 15,222	$ 15,222

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Note 1 - Organization and Basis of Presentation

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1. Organization and Basis of Presentation

Organization

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” and “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well construction, well completions and field development strategies. We offer our products and services primarily to exploration and production companies for use both in onshore and offshore wells. We operate through service facilities principally located in Houston and Odessa, Texas; Tulsa and Oklahoma City, Oklahoma; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway.

Basis of Presentation

Our accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation. We consolidate Repeat Precision, LLC and its subsidiary (“Repeat Precision”), a 50% owned entity, operating in the United States and Mexico, due to NCS holding a controlling voting interest. The other party’s ownership is presented separately as a non-controlling interest. Certain prior period balances have been reclassified to align with the current period presentation. These reclassifications had no impact on our previously reported net loss. As a smaller reporting company (“SRC”), we have availed ourselves to certain reduced reporting requirements permitted by the Securities and Exchange Commission (“SEC”), including, among other things, presenting only two years of audited financial statements.

Note 9 - Accrued Expenses (Details Textual) - Efforts to Streamline Tracer Diagnostics Operations [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Annual incentive Bonus Accrual	$ 6.1	$ 0.9
Severance and Moving Costs [Member]
Restructuring Charges		1.9
Payments for Restructuring	$ 0.4	$ 1.1

Note 11 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Text Block]

Note 11. 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.

Canada Patent Matters

● In July 2018, we filed a patent infringement lawsuit seeking unspecified damages against Kobold Corporation, Kobold Completions Inc. and 2039974 Alberta Ltd. (“Kobold”) in the Federal Court of Canada (“Canada Court”), alleging that Kobold’s fracturing tools and methods infringe on several of our Canadian patents. In July 2019, Kobold filed a counterclaim seeking unspecified damages alleging that our fracturing tools and methods infringe on their patent. The patent infringement litigation against Kobold and their counterclaim was heard in early 2022.

In October 2023, the judge rendered a decision against us holding that our asserted patents are invalid and that we are infringing the Kobold asserted patent. The Canada Court ordered us to pay Kobold approximately $1.8 million in costs and disbursements, including taxes payable thereon, and granted an injunction prohibiting us from any further infringement of their patent. This amount was paid to Kobold in November 2023 and was included in provision for litigation, net of recoveries in the accompanying consolidated statement of operations for the year ended December 31, 2023.

We believe that applicable law supports strong grounds to appeal the decision by the Canada Court. We expect the appeal to be heard in early 2025, and a decision granted by late 2025. As we cannot predict with certainty the outcome of the appeal, we believe a loss is reasonably possible, but such a loss is not probable or reasonably estimable as of December 31, 2024. If we do not prevail in the appeal phase, the damages portion would then be decided by the Canada Court and we do not know what damages, if any, will be awarded to Kobold. We would expect any damages awarded to be more modest because of the relative ease and minimal cost in implementing changes to our product to comply with the injunction, with such changes resulting in no significant commercial impact to date. In July 2024, Kobold filed a motion with the Canada Court regarding whether the injunction allowed us to modify our product or, as Kobold contends, we needed to destroy or deliver the product to Kobold. If the Canada Court agrees with Kobold, it may impose a fine or other remedy against the Company.

● In April 2020, Kobold filed a separate patent infringement lawsuit seeking unspecified damages against us in the Canada Court, alleging that our fracturing tools infringe on their Canadian patents. In the summary judgment phase, we have successfully dismissed some of the asserted products. However, we were not able to dismiss all of the claims because there remained factual determinations that were not possible in a summary judgment proceeding for our other products. We believe we have strong arguments of invalidity and non-infringement in this matter. We expect the trial for this matter to be heard in late 2026.

Other Patent Matters

In connection with patent infringement claims regarding U.S. Patent No. 10,465,445 (“the '445 Patent”), we received favorable jury verdicts against Nine Energy Services, Inc. (“Nine”) and TCO AS (“TCO”) in the Western District of Texas, Waco Division (“Waco District Court”). In January 2022, the jury awarded NCS approximately $0.5 million in damages against Nine, and in August 2022, the jury awarded NCS approximately $1.9 million in damages against TCO. At subsequent hearings in December 2022 and May 2024, respectively, the Waco District Court awarded supplemental damages, interest, and costs, and ordered both Nine and TCO to pay ongoing royalties for their sales of infringing casing flotation devices for the life of the '445 Patent. To date, Nine and TCO have secured over $6.0 million in total for the amounts owed in connection with the judgment. Both parties have appealed their respective decisions. Nine and TCO filed their respective opening appellate briefs in late 2024, and we have filed our responses in early 2025. We expect a resolution to these matters in 2026. As the decisions are subject to appeal, we have not recorded any potential gain contingencies associated with these matters in the accompanying condensed consolidated statements of operations.

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, whereby our insurance carrier agreed to pay the mutually-agreed settlement amounts to the plaintiff in settlement of all liabilities, resulting in no cash payments by NCS. The lawsuit was filed in September 2019 by plaintiffs Boyd & McWilliams Energy Group, Inc. et. al. claiming damage to their wells in 2018 resulting from an alleged product defect related to components provided by a third-party supplier. As of December 31, 2023, we recorded an insurance receivable for the agreed to but unpaid insurance recoveries of $15.0 million and maintained a corresponding provision for legal contingencies. The settlement was fully paid by the insurance carrier in January 2024.

Wyoming Matter

NCS was a defendant in a lawsuit in a state district court in Wyoming, which settled in August 2023 (the “Wyoming Matter”). The claim related to an alleged service issue by our personnel during completion operations. The parties agreed to a settlement, which was paid on NCS’s behalf under a policy of insurance, and NCS received $0.6 million as reimbursement of unpaid invoices from the plaintiff, which we recorded as other income, net in the accompanying consolidated statement of operations for the year ended December 31, 2023.

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 increase or decrease, on a matter-by-matter basis, to account for future developments. Although the outcome of any legal proceeding cannot be predicted with any certainty, our assessment of the likely outcome of litigation matters is based on our judgment of a number of factors, including experience with similar matters, past history, precedents, relevant financial information and other evidence and facts specific to each matter.

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Foreign currency translation adjustments, tax	$ 0	$ 0

Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income Tax Expense (Benefit)	$ 116	$ (232)
Deferred Tax Assets, Valuation Allowance	16,009	18,758
Domestic and Foreign Country [Member]
Deferred Tax Assets, Valuation Allowance	16,000	18,800
Domestic Tax Jurisdiction [Member]
Deferred Tax Assets, Valuation Allowance	$ 12,200	14,600
Open Tax Year	2021 2022 2023 2024
Operating Loss Carryforwards	$ 3,000
Operating Loss Carryforwards, Not Subject to Expiration	3,000
Tax Credit Carryforward, Subject to Expiration	400
Foreign Tax Jurisdiction [Member] \| Canada Revenue Agency [Member]
Deferred Tax Assets, Valuation Allowance	$ 3,700	$ 3,900
Open Tax Year	2020 2021 2022 2023 2024
Operating Loss Carryforwards	$ 1,200
Operating Loss Carryforwards, Noncapital	2,700
Foreign Tax Jurisdiction [Member] \| Canada Revenue Agency [Member] \| Research Tax Credit Carryforward [Member]
Tax Credit Carryforward, Subject to Expiration	1,100
Tax Credit Carryforward, Amount	1,100
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	4,400
Operating Loss Carryforwards, Not Subject to Expiration	2,000
Operating Loss Carryforwards, Subject to Expiration	$ 2,400

Note 15 - Leases

12 Months Ended

Dec. 31, 2024

Operating and Finance Leases [Text Block]

Note 15. Leases

Supplemental balance sheet information related to leases are as follows (in thousands):

		*December 31,*		*December 31,*
Leases	*Consolidated Balance Sheet Classification*	*2024*		*2023*
Assets
Operating (1)	Operating lease assets	$	5,911	$	4,847
Finance (2)	Property and equipment, net		7,721		7,985
Total leased right-of-use assets		$	13,632	$	12,832

Liabilities
Current
Operating (1)	Operating lease liabilities	$	1,602	$	1,583
Finance	Current maturities of long-term debt		2,141		1,812

Noncurrent
Operating (1)	Operating lease liabilities, long-term		4,891		3,775
Finance	Long-term debt, less current maturities		6,001		6,344
Total lease liabilities		$	14,635	$	13,514

(1)

During the year ended December 31, 2024, Repeat Precision entered into a new six-year operating lease for an existing manufacturing plant in Ojinaga, Mexico, with a three-year renewal option, for which we recorded an operating lease ROU asset and corresponding liability of $2.3 million for this lease. NCS also entered into an operating lease for a sales and service facility in Oklahoma City, Oklahoma, with a term of 62 months, and recorded a ROU asset and corresponding liability of $0.3 million. In addition, NCS entered into an operating lease to reduce square footage for a sales and administrative office in downtown Calgary, with a term of 72 months, and recorded a ROU asset and leasehold improvement and corresponding liability of $0.5 million. During the year ended December 31, 2023, we relocated to a new facility in Red Deer, Alberta, Canada, for which we recorded an operating lease ROU asset and leasehold improvement and corresponding liability of $1.7 million. This operating lease has a term of approximately five years.

(2)	Finance lease right-of-use assets are presented net of accumulated amortization of $6.0 million and $4.7 million as of December 31, 2024 and 2023, respectively.

The components of lease expense are as follows (in thousands):

		*Year Ended December 31,*
	*Consolidated Statements of Operations*
Lease Cost	*Classification*	*2024*		*2023*
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	2,140	$	1,752
Interest on lease liabilities	Interest expense, net		553		443
Operating lease cost	Cost of sales; Selling, general and administrative expenses		1,420		1,445
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		866		855
Total lease cost		$	4,979	$	4,495

Total operating lease expense included in the consolidated statements of operations was $2.3 million for each of the years ended December 31, 2024 and 2023.

Supplemental cash flow and other information related to leases are as follows (in thousands):

	*Year Ended December 31,*
	*December 31,*		*December 31,*
Supplemental Cash Flow Disclosures	*2024*		*2023*
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,769	$	1,683
Operating cash flows from finance leases		553		443

	*December 31,*			*December 31,*
Lease Term and Discount Rate	*2024*			*2023*
Weighted-average remaining lease term (years):
Operating leases		5.1			3.3
Finance leases		4.0			5.0
Weighted-average discount rate:
Operating leases		4.7	%		4.7	%
Finance leases		5.9	%		5.2	%

Maturities of lease liabilities are as follows (in thousands):

Year Ending December 31,	*Operating Leases*			*Finance Leases*
2025	$	1,991		$	2,606
2026		1,763			2,355
2027		1,347			1,649
2028		776			1,208
2029		528			955
Thereafter		1,469			461
Total lease payments	$	7,874		$	9,234
Less: interest		(1,381	)		(1,092	)
Present value of lease liabilities	$	6,493		$	8,142

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net income (loss)	$ 8,138	$ (3,111)
Foreign currency translation adjustments, net of tax of $0	(1,852)	(135)
Comprehensive income (loss)	6,286	(3,246)
Comprehensive income attributable to non-controlling interest	1,545	42
Comprehensive income (loss) attributable to NCS Multistage Holdings, Inc.	$ 4,741	$ (3,288)

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-SubTopic 10
-Topic 810
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-20

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(25))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Note 7 - Property and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment Disclosure [Text Block]

Note 7. Property and Equipment

Property and equipment by major asset class consist of the following as of December 31, 2024 and 2023 (in thousands):

	*December 31,*			*December 31,*
	*2024*			*2023*
Land	$	1,501		$	1,630
Building and improvements		6,792			7,742
Machinery and equipment		19,769			19,435
Computers and software		2,175			2,408
Furniture and fixtures		460			722
Vehicles		128			265
Right of use assets - finance leases		13,751			12,709
		44,576			44,911
Less: Accumulated depreciation and amortization		(23,519	)		(21,912	)
		21,057			22,999
Construction in progress		226			337
Property and equipment, net	$	21,283		$	23,336

The following table presents the depreciation expense associated with the respective income statement line items for the years ended December 31, 2024 and 2023 (in thousands):

	*Year Ended December 31,*
	*2024*		*2023*
Cost of sales
Cost of product sales	$	1,911	$	1,613
Cost of services		766		592
Selling, general and administrative expenses		1,923		1,742
Total depreciation	$	4,600	$	3,947

The table above includes depreciation expense associated with finance leases for buildings, equipment and software, as well as vehicles for our transportation fleet. See “Note 15. Leases.”

We evaluate our property and equipment for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. We determined there were no triggering events that indicated potential impairment of our property and equipment for the years ended December 31, 2024 and 2023, respectively, and accordingly no impairment loss has been recorded.

Note 7 - Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Selling, general and administrative expenses	$ 1,923	$ 1,742
Total depreciation	4,600	3,947
Product [Member]
Cost of sales	1,911	1,613
Service [Member]
Cost of sales	$ 766	$ 592

Note 9 - Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accrued payroll and bonus	$ 7,601	$ 2,255
Property and franchise taxes accrual	251	251
Severance and other termination benefits	0	436
Accrued other miscellaneous liabilities	499	760
Total accrued expenses	$ 8,351	$ 3,702

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Tangible Asset Impairment Charges		$ 0	$ 0
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 100	100
Goodwill, Impairment Loss		0	0
Gain (Loss) on Disposition of Property Plant Equipment		506	(258)
Research and Development Expense		2,000	2,500
Research and Development Arrangement, Contract to Perform for Others, Compensation Earned		$ 300	$ 2,600
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]			Other Nonoperating Income (Expense)
Employee Severance [Member]
Restructuring Charges			$ 1,400
Restructuring Reserve			400
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	5 years	5 years
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	10 years	10 years
Constructed Assets [Member]
Gain (Loss) on Disposition of Property Plant Equipment			$ (700)

Note 10 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Total debt	$ 8,142	$ 8,156
Less: current portion	(2,141)	(1,812)
Long-term debt	6,001	6,344
Repeat Precision Promissory Note [Member]
Debt	0	0
Finance Lease Debt [Member]
Debt	8,142	8,156
Revolving Credit Facility [Member]
ABL Facility	$ 0	$ 0

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Note 2 - Summary of Significant Accounting Policies - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Allowance for credit losses at December 31, 2022	$ 165	$ 0
Charges and additions during 2023	79	165
Adjustments and recoveries	(220)	0
Allowance for credit losses at December 31, 2023	$ 24	$ 165

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2024	Mar. 06, 2025	Jun. 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	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 13,300,000
Entity Common Stock, Shares Outstanding		2,540,849
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Houston, Texas

Note 14 - Employee Benefit Plan

12 Months Ended

Dec. 31, 2024

Compensation and Employee Benefit Plans [Text Block]

Note 14. Employee Benefit Plan

Under the terms of the U.S. 401(k) plan, we match 100% of up to the first 3% of eligible compensation an employee contributes and 50% of up to the next 2% of eligible compensation contributed. Similarly, our Canadian employees are eligible to participate in the Group Registered Retirement Savings Program where NCS matches 100% of up to 4% of eligible compensation that an employee contributes. All eligible employees may make tax deferred contributions to the plan. Contributions made on behalf of Canadian employees by NCS are taxable income to the employee and may not exceed the Canadian Revenue Agency’s deduction limit for the given year.

In addition, Repeat Precision, maintains a simple IRA plan for eligible employees who may contribute a percentage of their compensation subject to a maximum imposed by the Internal Revenue Code, with Repeat Precision making a matching contribution of up to 3% of the eligible compensation an employee contributes.

Our contributions to all of these benefit plans were $1.0 million for each of the years ended December 31, 2024 and 2023, respectively.

Note 15 - Leases (Tables)

12 Months Ended

Dec. 31, 2024

Lessee, Lease Assets and Liabilities [Table Text Block]

		*December 31,*		*December 31,*
Leases	*Consolidated Balance Sheet Classification*	*2024*		*2023*
Assets
Operating (1)	Operating lease assets	$	5,911	$	4,847
Finance (2)	Property and equipment, net		7,721		7,985
Total leased right-of-use assets		$	13,632	$	12,832

Liabilities
Current
Operating (1)	Operating lease liabilities	$	1,602	$	1,583
Finance	Current maturities of long-term debt		2,141		1,812

Noncurrent
Operating (1)	Operating lease liabilities, long-term		4,891		3,775
Finance	Long-term debt, less current maturities		6,001		6,344
Total lease liabilities		$	14,635	$	13,514

Lease, Cost [Table Text Block]

		*Year Ended December 31,*
	*Consolidated Statements of Operations*
Lease Cost	*Classification*	*2024*		*2023*
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	2,140	$	1,752
Interest on lease liabilities	Interest expense, net		553		443
Operating lease cost	Cost of sales; Selling, general and administrative expenses		1,420		1,445
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		866		855
Total lease cost		$	4,979	$	4,495

Supplemental Cash Flow and Other Information Related to Leases [Table Text Block]

	*Year Ended December 31,*
	*December 31,*		*December 31,*
Supplemental Cash Flow Disclosures	*2024*		*2023*
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,769	$	1,683
Operating cash flows from finance leases		553		443

	*December 31,*			*December 31,*
Lease Term and Discount Rate	*2024*			*2023*
Weighted-average remaining lease term (years):
Operating leases		5.1			3.3
Finance leases		4.0			5.0
Weighted-average discount rate:
Operating leases		4.7	%		4.7	%
Finance leases		5.9	%		5.2	%

Schedule of Future Minimum Rental Payments for Leases [Table Text Block]

Year Ending December 31,	*Operating Leases*			*Finance Leases*
2025	$	1,991		$	2,606
2026		1,763			2,355
2027		1,347			1,649
2028		776			1,208
2029		528			955
Thereafter		1,469			461
Total lease payments	$	7,874		$	9,234
Less: interest		(1,381	)		(1,092	)
Present value of lease liabilities	$	6,493		$	8,142

Note 8 - Goodwill and Identifiable Intangibles (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Goodwill	$ 15,222	$ 15,222	$ 15,222
Goodwill, Impairment Loss		0	0
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 100	100
Impairment of Intangible Assets, Finite-Lived		0	0
Amortization of Intangible Assets		$ 700	$ 700
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Amortization

Note 3 - Segment and Geographic Information - Schedule of Long Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Long lived assets	$ 27,194	$ 28,183
UNITED STATES
Long lived assets	13,455	15,673
CANADA
Long lived assets	10,240	10,782
Other Countries [Member]
Long lived assets	$ 3,499	$ 1,728

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

Allowance for credit losses at December 31, 2022	$	—
Charges and additions during 2023		165
Adjustments and recoveries		—
Allowance for credit losses at December 31, 2023	$	165
Charges and additions during 2024		79
Adjustments and recoveries		(220	)
Allowance for credit losses at December 31, 2024	$	24

Property, Plant and Equipment, Useful Life [Table Text Block]

	Years
Buildings		30
Building equipment and leasehold improvements		1 - 15
Machinery and equipment and service equipment		5 - 12
Computers and software		3 - 5
Furniture and fixtures		3 - 5
Vehicles		2 - 4
Right of use assets - finance leases (Lease term)		2 - 10

Note 8 - Goodwill and Identifiable Intangibles (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Goodwill [Table Text Block]

	December 31,			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]

		*December 31, 2024*
	*Estimated*
	*Useful*	*Gross*
	*Lives*	*Carrying*		*Accumulated*			*Net*
	*(Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(1,122	)	$	2,836
Customer relationships	10		4,100		(3,246	)		854
Total identifiable intangibles		$	8,058	$	(4,368	)	$	3,690

			December 31, 2023
	*Estimated*
	*Useful*		*Gross*
	*Lives*		*Carrying*		*Accumulated*			*Net*
	*(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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

2025	$	669
2026		669
2027		293
2028		259
2029		259
Thereafter		1,541
Total	$	3,690

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income (loss)	$ 8,138	$ (3,111)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,316	4,616
Amortization of deferred loan cost	208	204
Share-based compensation	5,213	5,365
Provision for inventory obsolescence	1,136	1,235
Deferred income tax (benefit) expense	(380)	152
(Gain) loss on sale of property and equipment	(506)	258
Provision for credit losses	41	162
Net foreign currency unrealized loss (gain)	2,365	(485)
Proceeds from note receivable	61	546
Changes in operating assets and liabilities:
Accounts receivable—trade	(9,154)	3,856
Inventories, net	(2,806)	(5,763)
Prepaid expenses and other assets	(1,087)	2,563
Accounts payable—trade	2,706	(1,203)
Accrued expenses	4,841	(649)
Other liabilities	(3,401)	(2,763)
Income taxes receivable/payable	34	(209)
Net cash provided by operating activities	12,725	4,774
Cash flows from investing activities
Purchases of property and equipment	(1,309)	(1,882)
Purchase and development of software and technology	(70)	(310)
Proceeds from sales of property and equipment	592	509
Proceeds from company-owned life insurance policy	1,266	0
Net cash provided by (used in) investing activities	479	(1,683)
Cash flows from financing activities
Payments on finance leases	(1,952)	(1,598)
Line of credit borrowings	3,062	11,702
Payments of line of credit borrowings	(3,062)	(11,758)
Treasury shares withheld	(267)	(287)
Distribution to non-controlling interest	(2,050)	(500)
Net cash used in financing activities	(4,269)	(2,441)
Effect of exchange rate changes on cash and cash equivalents	225	(164)
Net change in cash and cash equivalents	9,160	486
Cash and cash equivalents beginning of period	16,720	16,234
Cash and cash equivalents end of period	25,880	16,720
Supplemental cash flow information
Cash paid for interest (net of interest received and amounts capitalized)	173	377
Cash paid for income taxes (net of refunds)	431	(144)
Noncash investing and financing activities
Assets obtained in exchange for new finance lease liabilities	2,263	1,972
Assets obtained in exchange for new operating lease liabilities	$ 3,056	$ 1,780

Note 16 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income tax at federal statutory rate	21.00%	21.00%
Foreign taxes on U.S. income	3.90%	(2.70%)
Non-controlling interest gain/losses	1.70%	(3.80%)
Nondeductible expenses	3.10%	(5.20%)
Deductible foreign taxes	(1.30%)	1.40%
Non U.S. income taxed at different rates	(0.10%)	18.50%
Foreign income inclusion	(2.50%)	1.60%
Foreign branch income/loss	(1.90%)	3.70%
Research and other tax credits	(4.40%)	20.80%
Stock-based compensation	7.50%	(18.20%)
State taxes	0.00%	(12.30%)
Change in valuation allowance	(25.20%)	(20.90%)
Other	(0.40%)	3.00%
Income tax	1.40%	6.90%

Note 6 - Other Current Receivables (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Other Current Receivables [Table Text Block]

	*December 31,*		*December 31,*
	*2024*		*2023*
Current income tax receivables	$	1,743	$	1,418
Employee receivables		165		249
Other receivables		3,235		2,375
Total other current receivables	$	5,143	$	4,042

Note 8 - Goodwill and Identifiable Intangibles

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

Note 8. Goodwill and Identifiable Intangibles

The carrying amount of goodwill is summarized as follows (in thousands):

	December 31,			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, or whenever there is a triggering event that indicates an impairment loss may have been incurred. If an impairment loss occurs, we separately disclose it in the consolidated statements of operations, as applicable. See “Note 2. Summary of Significant Accounting Policies, Impairments” for additional information.

As of December 31, 2024 and 2023, we elected to perform a qualitative assessment for Repeat Precision, our only reportable unit with goodwill, and determined it is more likely than not that the goodwill totaling $15.2 million has a fair value that exceeds its net carrying value. Therefore, no goodwill impairment has been recorded for the years ended December 31, 2024 and 2023, respectively.

Identifiable intangibles by major asset class consist of the following (in thousands):

		*December 31, 2024*
	*Estimated*
	*Useful*	*Gross*
	*Lives*	*Carrying*		*Accumulated*			*Net*
	*(Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(1,122	)	$	2,836
Customer relationships	10		4,100		(3,246	)		854
Total identifiable intangibles		$	8,058	$	(4,368	)	$	3,690

			December 31, 2023
	*Estimated*
	*Useful*		*Gross*
	*Lives*		*Carrying*		*Accumulated*			*Net*
	*(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

We did not incur costs to renew or extend the term of acquired intangible assets during the years ended December 31, 2024 and 2023. Substantially all identifiable intangibles as of December 31, 2024 and 2023 are related to our Repeat Precision asset group.

Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. See “Note 2. Summary of Significant Accounting Policies, Impairments” for additional information. As of December 31, 2024, we determined that the carrying value of our indefinite-lived intangible asset was no longer recoverable and the associated fair value was zero. Therefore, we recorded an impairment charge of less than $0.1 million in the fourth quarter of 2024 to retire this indefinite-lived asset, which was recognized in amortization expense in our consolidated statements of operations. We evaluated potential triggering events and determined there were no triggering events that indicated potential impairment of our identifiable definite-lived intangibles. Therefore, we did not record any impairment charges related to our identifiable intangibles with definite lives for the years ended December 31, 2024 or 2023, respectively.

Total amortization expense, which is associated with SG&A expenses on the consolidated statements of operations, was $0.7 million for each of the years ended December 31, 2024 and 2023, respectively.

The total weighted average amortization period for intangible assets is 14 years and estimated future amortization expense by year is as follows (in thousands):

2025	$	669
2026		669
2027		293
2028		259
2029		259
Thereafter		1,541
Total	$	3,690

Note 9 - Accrued Expenses

12 Months Ended

Dec. 31, 2024

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 9. Accrued Expenses

Accrued expenses consist of the following as of December 31, 2024 and 2023 (in thousands):

	*December 31,*		*December 31,*
	*2024*		*2023*
Accrued payroll and bonus	$	7,601	$	2,255
Property and franchise taxes accrual		251		251
Severance and other termination benefits		—		436
Accrued other miscellaneous liabilities		499		760
Total accrued expenses	$	8,351	$	3,702

Accrued payroll and bonus includes an annual incentive bonus accrual based on operating performance of $6.1 million and $0.9 million as of December 31, 2024 and 2023, respectively.

During 2023, we implemented certain restructuring efforts to streamline our operations, including headcount reductions and facility consolidations, subletting a portion of this space under operating leases to generate sublet income to reduce rent expense for these facilities. In connection with these restructuring efforts, we incurred severance and other charges of $1.9 million in 2023, a portion of which was associated with the acceleration of non-cash share-based compensation. Of this amount, we paid $1.1 million in 2023 and $0.4 million in 2024, with no remaining severance and other termination benefits accrual associated with these restructuring efforts.

Note 13 - Share-based Compensation - Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Outstanding at December 31, 2023 (in shares)	4,242
Outstanding at December 31, 2023 (in dollars per share)	$ 222.66
Outstanding at December 31, 2023 (Year)	1 year 4 months 24 days	1 year 6 months 7 days
Expired during the year (in shares)	(1,950)
Expired during the year (in dollars per share)	$ 191.2
Outstanding at December 31, 2024 (in shares)	2,292	4,242
Outstanding at December 31, 2024 (in dollars per share)	$ 249.42	$ 222.66
Exercisable as of December 31, 2024 (in shares)	2,292
Exercisable as of December 31, 2024 (in dollars per share)	$ 249.42
Exercisable as of December 31, 2024 (Year)	1 year 4 months 24 days

Note 13 - Share-based Compensation (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 322	$ 361
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) \| shares	0	0
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 1,300	$ 1,100
Share-Based Payment Arrangement, Expense, Tax Benefit	200	200
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 700
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested, Number (in shares) \| shares	45,366
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Equivalent Stock Units [Member]
Share-Based Payment Arrangement, Cash Used to Settle Award	$ 1,000	$ 1,700
Deferred Compensation Share-Based Arrangements, Liability, Current and Noncurrent	2,400
Performance Stock Units (PSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,100
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Performance Stock Units (PSUs) [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Performance Stock Units (PSUs) [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member]
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] \| March 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Start Earning	25
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 100 Percent	50
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 125 Percent	75
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| March 2023 and November 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Start Earning	25
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 100 Percent	50
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 200 Percent	90
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Minimum [Member] \| March 2024 [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares) \| shares	0
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Minimum [Member] \| March 2023 and November 2022 [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares) \| shares	0
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Maximum [Member] \| March 2024 [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares) \| shares	1.25
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Maximum [Member] \| March 2023 and November 2022 [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares) \| shares	2
The 2017 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) \| shares	626,626
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) \| shares	185,281

Note 13 - Share-based Compensation - Valuation Assumptions (Details) - Performance Stock Units (PSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Grant date price (in dollars per share)	$ 26.87	$ 53.11
Awards Granted March 2023 [Member]
Volatility	63.50%
Risk-free interest rate	4.30%
Expected dividends	0.00%
Grant date price (in dollars per share)	$ 15.35
Weighted-average fair value per share (in dollars per share)	$ 15.27
Awards Granted in November 2022 [Member]
Volatility	75.20%
Risk-free interest rate	4.60%
Expected dividends	0.00%
Grant date price (in dollars per share)	$ 24.49
Weighted-average fair value per share (in dollars per share)	$ 36.02
Awards Granted in March 2022 [Member]
Volatility	95.60%
Risk-free interest rate	4.40%
Expected dividends	0.00%
Grant date price (in dollars per share)	$ 30.5
Weighted-average fair value per share (in dollars per share)	$ 49.52

Note 12 - Stockholders' Equity

12 Months Ended

Dec. 31, 2024

Equity [Text Block]

Note 12. Stockholders’ Equity

Authorized and Outstanding Shares

As of December 31, 2024 and 2023, we had 11,250,000 shares of common stock authorized to be issued. As of December 31, 2024 and 2023, 2,507,430 and 2,443,744 shares of common stock were outstanding, respectively. As of December 31, 2024 and 2023, the number of our authorized shares of preferred stock included 10,000,000 shares, with none outstanding.

Voting

The holders of common stock are entitled to one vote for each share of common stock held.

Dividends

The holders of common stock are entitled to receive dividends as declared from time-to-time by our Board, to the extent permitted under the ABL Facility. No dividends were declared during the years ended December 31, 2024 and 2023.

The entire disclosure for equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Note 5 - Inventories, Net

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Text Block]

Note 5. Inventories, net

Inventories consist of the following as of December 31, 2024 and 2023 (in thousands):

	*December 31,*		*December 31,*
	*2024*		*2023*
Raw materials	$	2,085	$	2,395
Work in process		291		559
Finished goods		38,595		38,658
Total inventories, net	$	40,971	$	41,612

Note 16 - Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
U.S. Federal	$ 348	$ (114)
State	44	54
Foreign	104	(324)
Total current	496	(384)
U.S. Federal	142	103
State	(69)	0
Foreign	(453)	49
Total deferred	(380)	152
Total income taxes	$ 116	$ (232)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Note 4 - Revenues (Details Textual) $ in Thousands	Dec. 31, 2024 USD ($)
Contract with Customer, Asset, after Allowance for Credit Loss	$ 0
Contract with Customer, Liability, Noncurrent	$ 0

Note 15 - Leases - Summary of Supplemental Cash Flow and Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Operating cash flows from operating leases	$ 1,769	$ 1,683
Operating cash flows from finance leases	$ 553	$ 443
Operating leases (Year)	5 years 1 month 6 days	3 years 3 months 18 days
Finance leases (Year)	4 years	5 years
Operating leases	4.70%	4.70%
Finance leases	5.90%	5.20%

Note 6 - Other Current Receivables (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Other Receivables, Net, Current	$ 5,143	$ 4,042
Revenue from Contract with Customer, Excluding Assessed Tax	162,557	142,471
Other Nonoperating Income (Expense)	7,306	4,114
Technical Services and Assistance Agreement [Member]
Other Nonoperating Income (Expense)	1,000	800
Tracer Diagnostics Service [Member] \| Technical Services and Assistance Agreement [Member]
Revenue from Contract with Customer, Excluding Assessed Tax	1,700	1,400
Non-qualified Deferred Compensation Plan [Member]
Royalty Receivable	1,100	0
Deferred Compensation Liability, to be Liquidated in Short Term	1,300
Cash Surrender Value of Life Insurance		1,200
Other Receivables, Net, Current	$ 1,400	$ 900

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

Note 4 - Revenues

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Text Block]

Note 4. Revenues

Disaggregation of Revenue

We sell our products and services primarily in North America and in selected international markets. See above “Note 3. Segment and Geographic Information” for our disaggregated revenue by geographic area.

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 consolidated balance sheet.

The following table presents the current contract liabilities for the periods indicated (in thousands):

Balance at December 31, 2022	$	51
Additions		432
Revenue recognized		(23	)
Balance at December 31, 2023	$	460
Additions		278
Revenue recognized		(515	)
Balance at December 31, 2024	$	223

We currently do not have any contract assets or non-current contract liabilities. Our contract liability as of December 31, 2024 and 2023 is included in other current liabilities on the applicable accompanying consolidated balance sheets. Our performance obligations for our product and services revenues are typically satisfied before the customer’s payment; however, prepayments may occasionally be required.

Contracts with Multiple Performance Obligations

Substantially all of our product and services revenues are considered a single performance obligation. Our tracer self-service product line, which constitutes a small percentage of our total revenue for the years ended December 31, 2024 and 2023, is comprised of two performance obligations: (i) the delivery of tracer materials to a customer well site and (ii) the creation of diagnostic reports ordered by customers when we do not perform an integrated service. For these contracts, we do not allocate the transaction price as the individual performance obligations are sold at standalone prices in the customer order. The transaction prices for our self-service product line are determined as (i) the price per unit times the quantity of tracer materials and (ii) prices charged for diagnostic reports ordered by and delivered to the customer.

Practical Expedients

We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within SG&A expenses on the consolidated statements of operations.

We do not disclose the value of unsatisfied performance obligations when the related contract has a duration of one year or less. We recognize revenue equal to what we have the right to invoice when that amount corresponds directly with the value to the customer of our performance to date.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

Note 10 - Debt (Details Textual) $ in Thousands, $ in Millions			12 Months Ended
	May 03, 2022 USD ($)	Feb. 16, 2018 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	May 31, 2024 USD ($)	May 03, 2022 CAD ($)
Amortization of Debt Issuance Costs			$ 208	$ 204
Repeat Precision Promissory Note [Member]
Long-Term Debt			$ 0	0
Security State Bank & Trust, Fredericksburg [Member] \| Repeat Precision Promissory Note [Member]
Debt Instrument, Interest Rate, Effective Percentage			8.50%
Debt Instrument, Face Amount		$ 4,300				$ 2,500
Long-Term Debt			$ 0	0
Security State Bank & Trust, Fredericksburg [Member] \| Prime Rate [Member] \| Repeat Precision Promissory Note [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Revolving Credit Facility [Member]
Long-Term Line of Credit			0	0
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000						$ 10
Line of Credit Facility, Remaining Borrowing Capacity			20,100
Long-Term Line of Credit			$ 0	0
Debt Instrument, Interest Rate, Effective Percentage			6.90%
Interest Expense, Debt			$ 200	200
Debt Instrument, Covenant, Maximum Available Cash After Borrowings	$ 10,000
Debt Instrument, Covenant, Maximum Quarterly Liquidity for Fixed Charge Coverage Ratio	20.00%						20.00%
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio	1						1
Debt Issuance Costs, Gross	$ 1,000
Amortization of Debt Issuance Costs			200	200	$ 100
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
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure			$ 7,200	$ 7,100

Note 16 - Income Taxes

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Text Block]

Note 16. Income Taxes

The provision (benefit) from income taxes consists of the following for the years ended December 31, 2024 and 2023 (in thousands):

	*Year Ended December 31,*
	*2024*			*2023*
Current tax expense (benefit)
U.S. Federal	$	348		$	(114	)
State		44			54
Foreign		104			(324	)
Total current		496			(384	)
Deferred tax expense
U.S. Federal	$	142		$	103
State		(69	)		—
Foreign		(453	)		49
Total deferred		(380	)		152
Total income taxes	$	116		$	(232	)

The following is the domestic and foreign components of our income (loss) before income taxes for the years ended December 31, 2024 and 2023 (in thousands):

	*Year Ended December 31,*
	*2024*			*2023*
U.S. Federal	$	12,706		$	1,256
Foreign		(4,452	)		(4,599	)
Income (loss) before income tax	$	8,254		$	(3,343	)

The following is a summary of the items that caused recorded income taxes to differ from income taxes computed using the statutory federal income tax rate for the years ended December 31, 2024 and 2023:

	*Year Ended December 31,*
	*2024*			*2023*
Income tax at federal statutory rate		21.0	%		21.0	%
Increase (decrease) in income taxes resulting from:
Foreign taxes on U.S. income		3.9	%		(2.7	)%
Non-controlling interest gain/losses		1.7	%		(3.8	)%
Nondeductible expenses		3.1	%		(5.2	)%
Deductible foreign taxes		(1.3	)%		1.4	%
Non U.S. income taxed at different rates		(0.1	)%		18.5	%
Foreign income inclusion		(2.5	)%		1.6	%
Foreign branch income/loss		(1.9	)%		3.7	%
Research and other tax credits		(4.4	)%		20.8	%
Stock-based compensation		7.5	%		(18.2	)%
State taxes		—	%		(12.3	)%
Change in valuation allowance		(25.2	)%		(20.9	)%
Other		(0.4	)%		3.0	%
Income tax		1.4	%		6.9	%

We recorded a tax expense of $0.1 million and a tax benefit of $0.2 million for the years ended December 31, 2024 and 2023, respectively. The income tax expense (benefit) for the years ended December 31, 2024 and 2023 primarily relates to results generated by our United States, Canada, and certain other foreign businesses. The income tax provision for each of the years ended December 31, 2024 and 2023, does not include the effects of losses within the United States, Canada, or other jurisdictions, from which we cannot currently benefit. In addition, for each of the years ended December 31, 2024 and 2023, the income tax provision includes effects of changes in valuation allowances established against our previously recognized deferred tax assets derived from net operating loss carryforwards, in the United States, Canada, or other jurisdictions. For both the years ended December 31, 2024 and 2023, due to the impact of the valuation allowances on tax expense, significant variations exist in the customary relationship between income tax expense and pretax accounting income. See further discussion of establishment of the deferred tax valuation allowance at “Note 2. Summary of Significant Accounting Policies, Income Taxes.”

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 31, 2024 and 2023 are as follows (in thousands):

	*December 31,*
	*2024*			*2023*
Deferred tax assets
Accruals not currently deductible	$	2,546		$	2,947
Depreciation and amortization		7,760			8,761
R&D credits		1,208			1,023
Tax loss carryforward		2,113			4,333
Other		2,620			1,798
		16,247			18,862
Valuation allowance for deferred tax assets		(16,009	)		(18,758	)
Total deferred tax assets		238			104
Deferred tax liabilities
Foreign currency translation		—			(287	)
Total deferred tax liabilities		—			(287	)
Net deferred tax assets (liabilities)	$	238		$	(183	)

The above are included in the accompanying consolidated balance sheet as follows (in thousands):

	*December 31,*
	*2024*			*2023*
Deferred income tax assets—noncurrent	$	424		$	66
Deferred income tax liabilities—noncurrent		(186	)		(249	)
Net deferred tax assets (liabilities)	$	238		$	(183	)

Our valuation allowance for deferred tax assets totaled $16.0 million and $18.8 million as of December 31, 2024 and 2023, respectively, and is primarily related to the United States and Canada. A valuation allowance has been provided for $12.2 million and $14.6 million against U.S. deferred tax assets as of December 31, 2024 and 2023, respectively. Also, a valuation allowance has been provided for $3.7 million and $3.9 million against Canadian deferred tax assets as of December 31, 2024 and 2023, respectively. We believe we have not met the more likely than not condition of realizing the benefits of these assets based on management’s position regarding the existence of sufficient projected taxable income of the appropriate character.

As of December 31, 2024 and 2023, there were no material amounts that had been accrued with respect to uncertain tax positions. We believe that there are no tax positions taken or expected to be taken as of December 31, 2024 and 2023 that would significantly increase or decrease unrecognized tax benefits within the next twelve months following the balance sheet date. We file income tax returns in the United States, Canada and various state and foreign jurisdictions. Our U.S. income tax returns for 2021 and subsequent years remain open for examination and our Canadian income tax returns for 2020 and subsequent years remain open for examination.

As of December 31, 2024, we have U.S. federal and state net operating loss (“NOL”) carryforwards of approximately $3.0 million and $4.4 million, respectively. Of these amounts, $3.0 million and $2.0 million, respectively, do not expire, the remaining $2.4 million of state NOLs expire between 2037 and 2044. We have U.S. federal foreign tax credits of approximately $0.4 million, which expire between 2027 and 2028.

In Canada, we have capital NOL carryforwards, Scientific Research and Experimental Development (“SR&ED”) NOL carryforwards, and non-capital NOL carryforwards of approximately $1.2 million, $1.1 million, and $2.7 million, respectively. The capital NOLs and SR&ED NOLs do not expire, and the non-capital NOLs expire between 2042 and 2044. We have Canadian SR&ED credit carryforwards of approximately $1.1 million, which expire between 2042 and 2044.

The entire disclosure for income tax.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

Note 15 - Leases - Schedule of Future Minimum Payments on Lease (Details) $ in Thousands	Dec. 31, 2024 USD ($)
2025, operating lease	$ 1,991
2025, finance lease	2,606
2026, operating lease	1,763
2026, finance lease	2,355
2027, operating lease	1,347
2027, finance lease	1,649
2028, operating lease	776
2028, finance lease	1,208
2029, operating lease	528
2029, finance lease	955
Thereafter, operating lease	1,469
Thereafter, finance lease	461
Total lease payments, operating lease	7,874
Total lease payments, finance lease	9,234
Less: interest, operating lease	(1,381)
Less: interest, finance lease	(1,092)
Present value of lease liabilities, operating lease	6,493
Present value of lease liabilities, finance lease	$ 8,142

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands		1 Months Ended
	Oct. 10, 2023	Aug. 31, 2023	Aug. 31, 2022	Jan. 31, 2022	Dec. 31, 2024	Dec. 31, 2023
Loss Contingency Accrual					$ 0	$ 15,000
Canada Patent Matters [Member] \| Settled Litigation [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 1,800
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
Texas Matter [Member] \| Settled Litigation [Member]
Loss Contingency Accrual						$ 15,000
Wyoming Matter [Member] \| Settled Litigation [Member]
Proceeds from Legal Settlements		$ 600

Note 17 - Earnings (Loss) Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Text Block]

Note 17. Earnings (Loss) Per Common Share

The following table presents the reconciliation of the numerator and denominator for calculating earnings (loss) per common share (in thousands, except per share data):

	*Year Ended December 31,*
	*2024*		*2023*
Numerator
Net income (loss)	$	8,138	$	(3,111	)
Less: income attributable to non-controlling interest		1,545		42
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$	6,593	$	(3,153	)

Denominator
Basic weighted average number of shares		2,539		2,473
Dilutive effect of other equity awards		51		—
Diluted weighted average number of shares		2,590		2,473

Earnings (loss) per common share
Basic	$	2.60	$	(1.27	)
Diluted	$	2.55	$	(1.27	)

Potentially dilutive securities excluded as anti-dilutive		48		146

Note 1 - Organization and Basis of Presentation (Details Textual)	Dec. 31, 2024
Repeat Precision, LLC [Member]
Subsidiary, Ownership Percentage, Parent	50.00%

Note 17 - Earnings (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*Year Ended December 31,*
	*2024*		*2023*
Numerator
Net income (loss)	$	8,138	$	(3,111	)
Less: income attributable to non-controlling interest		1,545		42
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$	6,593	$	(3,153	)

Denominator
Basic weighted average number of shares		2,539		2,473
Dilutive effect of other equity awards		51		—
Diluted weighted average number of shares		2,590		2,473

Earnings (loss) per common share
Basic	$	2.60	$	(1.27	)
Diluted	$	2.55	$	(1.27	)

Potentially dilutive securities excluded as anti-dilutive		48		146

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2024

Dec. 31, 2023

Current assets

Cash and cash equivalents

$ 25,880

$ 16,720

Accounts receivable—trade, net

31,513

23,981

Inventories, net

40,971

41,612

Prepaid expenses and other current assets

2,063

1,862

Other current receivables

5,143

4,042

Insurance receivable

15,000

Total current assets

105,570

103,217

Noncurrent assets

Property and equipment, net

21,283

23,336

Goodwill

15,222

Identifiable intangibles, net

3,690

4,407

Operating lease assets

^[1]

5,911

4,847

Deposits and other assets

712

937

Deferred income taxes, net

424

Total noncurrent assets

47,242

48,815

Total assets

152,812

152,032

Current liabilities

Accounts payable—trade

8,970

6,227

Accrued expenses

8,351

3,702

Income taxes payable

683

364

Operating lease liabilities

^[1]

1,602

1,583

Accrual for legal contingencies

15,000

Current maturities of long-term debt

2,141

1,812

Other current liabilities

3,672

3,370

Total current liabilities

25,419

32,058

Noncurrent liabilities

Long-term debt, less current maturities

6,001

6,344

Operating lease liabilities, long-term

^[1]

4,891

3,775

Other long-term liabilities

206

213

Deferred income taxes, net

186

249

Total noncurrent liabilities

11,284

10,581

Total liabilities

36,703

42,639

Commitments and contingencies (Note 11)

Stockholders’ equity

Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2024 and December 31, 2023

Common stock, $0.01 par value, 11,250,000 shares authorized, 2,563,979 shares issued and 2,507,430 shares outstanding at December 31, 2024 and 2,482,796 shares issued and 2,443,744 shares outstanding at December 31, 2023

Additional paid-in capital

447,384

444,638

Accumulated other comprehensive loss

(87,604)

(85,752)

Retained deficit

(259,024)

(265,617)

Treasury stock, at cost; 56,549 shares at December 31, 2024 and 39,052 shares at December 31, 2023

(1,943)

(1,676)

Total stockholders’ equity

98,839

91,618

Non-controlling interest

17,270

17,775

Total equity

116,109

109,393

Total liabilities and stockholders' equity

$ 152,812

$ 152,032

[1]

Note 7 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Tangible Asset Impairment Charges	$ 0	$ 0

Note 13 - Share-based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Total share-based compensation expense	$ 5,213	$ 5,365
Share-Based Payment Arrangement, Expense, Tax Benefit	322	361
Restricted Stock Units (RSUs) [Member]
Total share-based compensation expense	1,631	2,657
Share-Based Payment Arrangement, Expense, Tax Benefit	200	200
Equivalent Stock Units (ESUs) [Member]
Total share-based compensation expense	2,466	1,201
Performance Stock Units (PSUs) [Member]
Total share-based compensation expense	$ 1,116	$ 1,507

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include but are not limited to estimated losses on accounts receivables, estimated realizable value on excess and obsolete inventories, estimates related to fair value of reporting units for purposes of assessing possible goodwill impairment, expected future cash flows from long lived assets to facilitate impairment testing, share based compensation, estimates related to legal contingencies, amounts of deferred taxes and income tax contingencies. Actual results could materially differ from those estimates.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency

Our reporting currency, and our functional currency in the United States, is the United States dollar (“USD”). The financial position and results of operations of our significant foreign subsidiaries are generally measured using the local currency as the functional currency. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 830, Foreign Currency Matters, revenues and expenses of our significant foreign subsidiaries have been translated into USD at average exchange rates prevailing during the period. Assets and liabilities have been translated at the exchange rates on the balance sheet date. The resulting translation gain and loss adjustments have been recorded directly as a separate component of other comprehensive loss in the accompanying consolidated statements of comprehensive income (loss), and changes in stockholders’ equity.

Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are recorded as foreign currency exchange (losses) or gains as incurred in the consolidated statements of operations.

Revenue [Policy Text Block]

Revenue Recognition

We derive our revenues primarily from highly engineered products and support services. Revenues are based upon a purchase order, contract or other persuasive evidence of an arrangement with the customer that includes a fixed or determinable price, provided that collectability is reasonably assured, but such arrangements do not generally include right of return or other similar provisions or other significant post-delivery obligations. Sales and value added taxes that we collect concurrent with revenue-producing activities are excluded from revenue. We recognize revenue through the following steps: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price and (v) satisfy the performance obligation.

On occasion, we issue credits to our customers that are related specifically to the performance of our products or the services we provide, with such credits reducing the amount of revenue for the completed sales. These credits are infrequent, situation specific and recorded when the amount is realizable and estimable.

The payment terms and conditions in our customer contracts vary. We do not have contracts that contain a financing component and generally do not accept non-cash consideration from customers.

NCS has elected to recognize shipping and handling costs when control of the product transfers to the customer. These costs, net of any customer paid freight, are included in cost of sales in our consolidated statements of operations.

Product Sales Revenues

For product sale arrangements that are standard inventory products or modified inventory products with an alternative use, revenue is recognized at a point in time when control transfers. Control generally transfers upon shipment or delivery, and delivery is based on the customer instructions. Customers may also request bill and hold arrangements in writing. Once we have completed the bill and hold order, the products are segregated from the rest of inventory in the warehouse. The transaction price for product sales having a performance obligation is the price per unit times the unit quantity ordered and shipped to the customer or consumed at the well site.

Services Revenues

For service arrangements that do not have a contract provision with a right to a payment for services up to the date of termination, revenue is recognized when the job has been completed, which usually includes a customer signature or acknowledgement and when there are no additional services or future obligations required by us. The transaction price is determined by the contract unit day rate times the cumulative number of days of service provided upon the completion of the service and upon customer acceptance.

For service arrangements that do have a contract provision with a right to payment for services up to the date of termination, revenue is recognized over time using a unit rate (labor and materials) output method that corresponds to the value we would receive upon termination of the contract as of the end of the reporting period. The transaction price for the period end is determined by the contract unit rate times the cumulative number of units earned up to the reporting period less any revenue recognized in prior periods.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

We consider all highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. These items are carried at cost, which approximates fair value.

In accordance with ASC 230, Statements of Cash Flow, cash flows from our significant foreign subsidiaries are calculated based on our functional currency. As a result, amounts related to changes in assets and liabilities reported in the consolidated statements of cash flows will not necessarily agree to changes in the corresponding balances on the consolidated balance sheets.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentration of Credit Risk

Financial instruments that potentially subject us to credit risk are cash and cash equivalents and trade accounts receivable. Cash balances are maintained in financial institutions which, at times, exceed federally insured limits. We monitor the financial condition of the financial institutions in which the accounts are maintained and have not experienced any losses in such accounts.

Substantially all of our sales are to customers whose activities are directly or indirectly related to the oil and gas industry. We generally extend short-term credit to these customers and, therefore, collectability of receivables is affected by market conditions in the oil and gas industry. We perform ongoing credit evaluations as to the financial condition of our customers with respect to trade accounts receivables. Generally, no collateral is required as a condition of sale.

No single customer individually accounted for 10% or more of our consolidated revenue during 2024 or 2023, or comprised 10% or more of our trade accounts receivable balance as of December 31, 2024 and 2023.

Accounts Receivable [Policy Text Block]

Accounts Receivable, Trade and Allowance for Credit Losses

Trade accounts receivable are recorded at their invoiced amounts and do not bear interest. We maintain an allowance for credit losses related to estimated losses that may result from the inability of our customers to make required payments. Earnings are charged with a provision for credit losses based on a current review of the collectability of customer accounts by management. Such provisions are based upon several factors including, but not limited to credit approval practices, industry and customer historical experience as well as the current and projected financial condition of the specific customer. Accounts deemed uncollectible are applied against the allowance for credit losses. The following table presents the changes in the allowance for credit losses for the years ended December 31, 2024 and 2023 (in thousands):

Allowance for credit losses at December 31, 2022	$	—
Charges and additions during 2023		165
Adjustments and recoveries		—
Allowance for credit losses at December 31, 2023	$	165
Charges and additions during 2024		79
Adjustments and recoveries		(220	)
Allowance for credit losses at December 31, 2024	$	24

Inventory, Policy [Policy Text Block]

Inventories

Inventories consist primarily of raw material, product components, assembled products, certain components used to internally construct our frac isolation assemblies, and chemicals used in our tracer diagnostics services in raw materials or finished goods. Inventories are stated at the lower of cost or estimated net realizable value. Cost is determined at standard costs approximating the first-in, first-out or average cost basis. We continuously evaluate inventories, based on an analysis of inventory levels, historical sales experience and future sales forecasts, to determine obsolete, slow-moving and excess inventory. We utilize an excess and obsolete reserve to adjust such inventory to its estimated recoverable value, with an offset to cost of sales in the current period.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairments

We evaluate our property and equipment and identifiable intangible assets for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Should the review indicate that the carrying value is not fully recoverable, the amount of the impairment loss is determined by comparing the carrying value to the estimated fair value. We assess recoverability based on undiscounted future net cash flows. Estimating future net cash flows requires us to make judgments regarding long-term forecasts of future revenues and costs related to the assets subject to review. These forecasts are uncertain in that they require assumptions about our revenue growth, operating margins, capital expenditures, future market conditions and technological developments. If changes in these assumptions occur, our expectations regarding future net cash flows may change such that a material impairment could result. There was no impairment of property and equipment and identifiable definite-lived intangible assets during the years ended December 31, 2024 and 2023. For the year ended December 31, 2024, we recognized an impairment charge of less than $0.1 million related to our indefinite-lived intangible asset. See “Note 7. Property and Equipment” and “Note 8. Goodwill and Identifiable Intangibles” included herewith for further information.

An assessment of potential goodwill impairment indicators is performed annually or whenever there is a triggering event that indicates an impairment loss may have been incurred. If required, we typically perform an annual impairment test for goodwill using an assessment date in the fourth quarter of the fiscal year. Under GAAP, we have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of one or more of our reporting units exceeds the related carrying amount. If, after assessing the totality of events or circumstances, we determine it is more likely than not that the fair value of a reporting unit exceeds the related carrying amount, there is no need to perform any further testing. However, if we conclude otherwise, then we are required to perform a quantitative impairment test by calculating the fair value of the reporting unit and comparing this value with the carrying value of the reporting unit. Alternatively, we could bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The fair value of the reporting unit is determined using a combination of a market multiple and a discounted cash flow approach. Determining the fair value of a reporting unit requires the use of estimates, assumptions and judgment. The principal estimates and assumptions that we use include revenue growth, operating margins, capital expenditures, future market conditions, weighted average costs of capital, a terminal growth rate, the set of comparable companies utilized, and the earnings metrics and multiples utilized. We believe that the estimates and assumptions used in our impairment assessments are reasonable. If the fair value of the reporting unit is less than the carrying amount, an impairment charge is recorded in the amount of the difference. No impairment charge associated with goodwill was recorded for the years ended December 31, 2024 and 2023. For additional information, see “Note 8. Goodwill and Identifiable Intangibles.”

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Property and equipment are stated at historical cost adjusted for impairment, less accumulated depreciation. Equipment held under finance leases is stated at fair value which is typically the present value of the future minimum lease payments at the inception of the lease, less accumulated depreciation. Expenditures for property and equipment, including betterments that substantially increase the useful lives of the existing assets, are capitalized and then depreciated utilizing the straight-line method over the estimated useful lives of these assets. Any costs associated with constructed assets are capitalized as incurred, but do not begin to depreciate until placed into service. We typically do not capitalize interest associated with constructed assets unless the construction period extends for more than twelve months. Routine expenditures for repairs and maintenance are expensed as incurred. Depreciation is calculated over the estimated useful lives of the related assets using the straight-line method. Leasehold improvements and property under finance leases are amortized over the shorter of the remaining lease term or useful life of the related asset. Depreciation expense includes amortization of assets under finance leases. The cost and related accumulated depreciation of assets retired or otherwise disposed of are eliminated from the accounts, and any resulting gains or losses are recognized in the year of disposal as a component of other income, net, which, for the year ended December 31, 2023, included a loss of $0.7 million associated with the write-off of a constructed asset which was deemed to have no further service potential in December 2023.

Depreciation on property and equipment, including assets held under finance leases, is calculated using the straight-line method over the following useful service lives or lease term (which includes reasonably assured renewal periods):

	Years
Buildings		30
Building equipment and leasehold improvements		1 - 15
Machinery and equipment and service equipment		5 - 12
Computers and software		3 - 5
Furniture and fixtures		3 - 5
Vehicles		2 - 4
Right of use assets - finance leases (Lease term)		2 - 10

Business Combinations Policy [Policy Text Block]

Business Combinations, Goodwill and Identifiable Intangible Assets

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under the acquisition method of accounting, the total consideration transferred in connection with the acquisition is allocated to the tangible and intangible assets acquired, liabilities assumed, and any non-controlling interest in the acquiree based on their fair values. Goodwill acquired in connection with business combinations represents the excess of consideration transferred over the net tangible and identifiable intangible assets acquired. Certain assumptions and estimates are employed in evaluating the fair value of assets acquired and liabilities assumed. These estimates may be affected by factors such as changing market conditions, technological advances in the oil and natural gas industry or changes in regulations governing that industry. The most significant assumptions requiring judgment involve identifying and estimating the fair value of intangible assets and the associated useful lives for establishing amortization periods. To finalize purchase accounting for significant acquisitions, we utilize the services of independent valuation specialists to assist in the determination of the fair value of acquired intangible assets.

Costs incurred related to an acquisition or business combination, other than those associated with the issuance of debt or equity securities, are expensed as incurred. Any contingent consideration payable is recognized at fair value at the acquisition date. Liability-classified contingent consideration is remeasured each reporting period with changes in fair value recognized in earnings until the contingent consideration is settled.

All identifiable definite-lived intangibles are amortized on a straight-line basis over the estimated useful life or term of related agreements. Certain costs incurred in the development of internal-use software applications are capitalized, while costs incurred outside of the software application development stage are expensed as incurred. The amounts capitalized are included in intangible assets, categorized as internally developed software, and are amortized on a straight-line basis over the estimated useful life of the software when ready for the intended use. These assets are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

Lessee, Leases [Policy Text Block]

Leases

We determine if a contract contains a lease at the inception of an arrangement. If so, we record a right of use (“ROU”) asset representing the right to use an underlying asset for the lease term and a lease liability representing an obligation to make lease payments arising from the lease on the consolidated balance sheet.

We have operating and finance leases for facilities, vehicles, equipment, and software. Some leases include one or more options to renew, with renewal terms that can extend the lease term from five to ten years with exercise of lease renewal options being at the sole discretion of NCS as lessee. Some leases may include an option to terminate the contract with notice. ROU assets and lease liabilities recorded pursuant to a lease agreement with a term exceeding 12 months are recognized at the lease commencement date based on the present value of lease payments over the lease term. For lease agreements where we cannot readily determine the implicit interest rate, we use our incremental borrowing rate to calculate the present value of lease payments at the commencement date. This rate is based on our secured asset-based revolving credit facility (“ABL Facility”) interest rate, which is adjusted monthly. Lease expense for operating leases is recognized on a straight-line basis over the lease term.

Our lease agreements are from a lessee perspective and do not contain (i) any leases with variable lease payments (e.g., payments that depend on a percentage of sales of a lessee or payments that increase based upon an index such as a consumer price index), (ii) residual value guarantees probable of being paid, except leased fleet vehicles, or (iii) material restrictive covenants. Lease agreements with lease and non-lease components are generally accounted for separately when practical. For leases where the lease and non-lease component are comingled and the non-lease component is determined to be insignificant when compared to the lease component, the lease and non-lease components are treated as a single lease component for all asset classes.

As of December 31, 2024, we have no significant leases where we are the lessor, and we have no significant operating or finance lease commitments that have not yet commenced which create significant rights or obligations for NCS. For additional information, see “Note 10. Debt” and “Note 15. Leases.”

Income Tax, Policy [Policy Text Block]

Income Taxes

We are taxed as a corporation as defined under the Internal Revenue Code. The liability method is used in accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when these differences are expected to reverse. The realizability of deferred tax assets is evaluated annually and a valuation allowance is provided if it is more likely than not that the deferred tax assets will not give rise to future benefits. We follow guidance in ASC 740, Income Taxes, for uncertainty in income taxes by prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the consolidated financial statements. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the consolidated financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. A valuation allowance to reduce deferred tax assets is established when it is more likely than not that some portion or all the deferred tax assets will not be realized. We recognize accrued interest and penalties related to uncertain tax positions in other income, net on the consolidated statements of operations.

Share-Based Payment Arrangement [Policy Text Block]

Share-Based Compensation

We account for our stock-based compensation awards in accordance with ASC 718, Compensation—Stock Compensation. To measure the grant-date fair value of share-based compensation, we use the market price of our common stock for equity-classified restricted stock units (“RSUs”) and equivalent stock units, or cash-settled, liability-classified RSUs (“ESUs”), the Black-Scholes model for options and a Monte Carlo simulation for the performance stock unit awards (“PSUs”). We measure all share-based compensation awards at fair value on the grant date and recognize the compensation expense in the financial statements over the requisite period and record forfeitures as they occur. As the ESUs will be settled in cash, we record a liability, which is remeasured each reporting period at fair value based upon the closing stock price of our common stock until the awards are settled.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value

The carrying amounts for financial instruments classified as current assets and current liabilities approximate fair value due to the short maturity of such instruments. The book values of other financial instruments approximates fair value because interest rates charged are comparable to other financial instruments with similar terms and maturities and the rates vary in accordance with a market index consistent with ASC 820, Fair Value Measurements.

For the financial assets and liabilities disclosed at fair value, fair value is determined as the exit price, or the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The established fair value hierarchy divides fair value measurement into three broad levels:

●

Level 1—inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;

●

Level 2—inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly; and

●

Level 3—inputs are unobservable for the asset or liability, which reflect the best judgment of management.

The financial assets and liabilities presented at fair value for disclosure purposes are categorized in one of the above three levels based on the lowest level input that is significant to the fair value measurement in its entirety. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.

Costs Associated with Exit or Disposal Activities or Restructurings, Policy [Policy Text Block]

Severance and Other Termination Benefits

In the event the employee is involuntarily terminated, we accrue one-time severance costs pursuant to an approved workforce reduction plan at the communication date, when affected employees have been notified of the potential severance and sufficient information has been provided for the employees to calculate severance benefits. During 2023, we recorded $1.4 million of severance expenses associated with one-time severance costs. A liability of $0.4 million remained as of December 31, 2023, which was paid during 2024. We did not incur any significant severance or termination benefits related to workforce reductions during the year ended December 31, 2024. See “Note 9. Accrued Expenses” included herewith for further information.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) attributable to NCS Multistage Holdings, Inc. by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) attributable to NCS Multistage Holdings, Inc. by the weighted-average number of common shares outstanding during the period, taking into effect, if any, shares that would be issuable upon the exercise of outstanding stock options and unvested RSUs and PSUs calculated using the treasury stock method, a method that determines how many incremental shares would result if all dilutive shares were exercised at the reporting date, less the number of shares that could be purchased at cost using the assumed proceeds from the exercise.

Research and Development Expense, Policy [Policy Text Block]

Research and Development

Research and development costs are incurred both through the utilization of our employees to create and develop new ideas and products as well as through engaging third parties to perform development activities under our coordination and management. We incurred approximately $2.0 million and $2.5 million in research and development costs for the years ended December 31, 2024 and 2023, respectively. These costs are recorded in selling, general and administrative (“SG&A”) expenses on the consolidated statements of operations. Occasionally a customer may contract us to provide research and development of a product, for which we are compensated. When the project is completed and accepted by the customer, we recognize the revenue and record the corresponding research and development costs as cost of goods sold. Alternatively, outside parties may agree to fund certain research and development activities for which we retain the rights to intellectual property. Proceeds we receive under these arrangements are treated as a reduction of research and development costs included in SG&A expense. We received such reimbursable amounts of $0.3 million and $2.6 million during the years ended December 31, 2024 and 2023, respectively.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Pronouncement Adopted in 2024

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements on an annual and interim basis and includes requirements for entities with a single reportable segment. The improvements include disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM and an explanation of how the CODM uses the reported measure of segment profit or loss in assessing performance and allocating resources, as well as other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively. We adopted ASU No. 2023-07 on December 31, 2024 and included all required disclosures within our Annual Report on Form 10-K (this “Form 10-K”). See “Note 3. Segment and Geographic Information.”

Pronouncement Not Yet Effective

In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires additional disclosure of certain costs and expenses within the notes to the financial statements. The new standard is effective for fiscal years beginning after December 15, 2026 and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this guidance.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU improves income tax disclosures including a requirement for specific categories in the effective tax rate reconciliation, additional information for reconciling items that meet a quantitative threshold, certain disclosures pertaining to income taxes paid (net of refunds received) and amendments to other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2024 and should be applied prospectively although retrospective application is permitted. Early adoption is permitted. We are currently evaluating the impact of the adoption of this guidance.

Note 6 - Other Current Receivables

12 Months Ended

Dec. 31, 2024

Other Current Receivables [Text Block]

Note 6. Other Current Receivables

Other current receivables consist of the following as of December 31, 2024 and 2023 (in thousands):

	*December 31,*		*December 31,*
	*2024*		*2023*
Current income tax receivables	$	1,743	$	1,418
Employee receivables		165		249
Other receivables		3,235		2,375
Total other current receivables	$	5,143	$	4,042

Other receivables as of December 31, 2024 and 2023, included the following: (i) a receivable of $1.1 million associated with royalty agreements for amounts earned during the fourth quarter of 2024 which are deemed probable and estimable, with no corresponding receivable as of December 31, 2023, reflecting an increase in royalties earned with new license agreements entered into during 2024, as well as an established cadence for estimating the amount of such royalties and collecting from licensees; (ii) the liquidation of a $1.3 million company-owned life insurance policy (“COLI”) in 2024 to fund the settlement of liabilities associated with a non-qualified deferred compensation plan that was terminated in late 2023, whereby the remaining funds were distributed to plan participants in December 2024, reducing the COLI asset to zero, compared to an asset of $1.2 million as of December 31, 2023; and (iii) a receivable of $1.4 million and $0.9 million at December 31, 2024 and 2023, respectively, associated with a technical services and assistance agreement with our local partner in Oman, as further described below.

The technical services and assistance agreement constituted a collaborative arrangement between us and our Omani partner, whereby we provided chemical and radioactive tracers at stated contract prices with revenue recognized on the delivery of these materials when performance obligations were met, as well as technical support, training, literature and further technical assistance to our local partner, for which we shared equally the net profit or loss, excluding certain non-cash items arising out of the specified contractual arrangement, calculated at the end of each calendar year. A portion of this profit-sharing income is allocated to tracer diagnostics services based upon the ratio of the standalone fair value of the tracer chemicals and the profit-sharing elements of the contractual arrangement. For the years ended December 31, 2024 and 2023, we have recorded tracer diagnostics services revenue of $1.7 million and $1.4 million, respectively, and other income, net totaling $1.0 million and $0.8 million, respectively, in the consolidated statements of operations. The contract between our Omani partner and the state-owned oil and gas company of Oman expired in November 2024, effectively ending our collaborative arrangement regarding the profit-sharing component of this agreement. However, we expect to continue to sell tracer chemicals to our Omani partner in the future.

Note 16 - Income Taxes - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
U.S. Federal	$ 12,706	$ 1,256
Foreign	(4,452)	(4,599)
Income (loss) before income tax	$ 8,254	$ (3,343)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2024

Significant Accounting Policies [Text Block]

Note 2. Summary of Significant Accounting Policies

Use of Estimates

Foreign Currency

Revenue Recognition

The payment terms and conditions in our customer contracts vary. We do not have contracts that contain a financing component and generally do not accept non-cash consideration from customers.

Product Sales Revenues

Services Revenues

Cash and Cash Equivalents

We consider all highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. These items are carried at cost, which approximates fair value.

Concentration of Credit Risk

Accounts Receivable, Trade and Allowance for Credit Losses

Allowance for credit losses at December 31, 2022	$	—
Charges and additions during 2023		165
Adjustments and recoveries		—
Allowance for credit losses at December 31, 2023	$	165
Charges and additions during 2024		79
Adjustments and recoveries		(220	)
Allowance for credit losses at December 31, 2024	$	24

Inventories

Impairments

Property and Equipment

	Years
Buildings		30
Building equipment and leasehold improvements		1 - 15
Machinery and equipment and service equipment		5 - 12
Computers and software		3 - 5
Furniture and fixtures		3 - 5
Vehicles		2 - 4
Right of use assets - finance leases (Lease term)		2 - 10

Business Combinations, Goodwill and Identifiable Intangible Assets

Leases

Income Taxes

Share-Based Compensation

Fair Value

●

Level 1—inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;

●

Level 2—inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly; and

●

Level 3—inputs are unobservable for the asset or liability, which reflect the best judgment of management.

Severance and Other Termination Benefits

Earnings Per Share

Research and Development

Recent Accounting Pronouncements

Pronouncement Adopted in 2024

Pronouncement Not Yet Effective

Note 13 - Share-based Compensation

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Text Block]

Note 13. Share-Based Compensation

Equity Incentive Plan

We maintain an equity incentive plan for the benefit of our employees, directors and other service providers, the 2017 Equity Incentive Plan (the “2017 Plan”). Our previous equity incentive plan, the 2012 Equity Incentive Plan (the “2012 Plan”), terminated on December 20, 2022, provided that any outstanding awards remain outstanding in accordance with the terms of the applicable award agreement.

The 2017 Plan provides for awards of stock options, stock appreciation rights, restricted stock awards, RSUs, stock awards and performance awards. Awards under the 2017 Plan may be granted to any employee, non-employee director, consultant or other personal service provider of NCS. The 2017 Plan is administered by a plan administrator, which is the Compensation, Nominating and Governance Committee or such other committee of the Board or the Board as a whole, in each case as determined by the Board. The maximum aggregate number of shares available to be issued under the 2017 Plan is 626,626 shares. As of December 31, 2024, the total number of shares available for future issuance under the 2017 Plan is 185,281 shares.

Restricted Stock Units

We account for RSUs granted to employees at fair value, which we measure as the closing price of our common stock on the date of grant, and we recognize the compensation expense in the financial statements over the requisite service period. The RSUs granted to our employees generally vest over a period of three equal annual installments beginning on or around the anniversary of the date of grant. The RSUs granted to the members of our Board generally vest on the one-year anniversary of the grant date and either settle at vesting or, if the director has elected to defer the RSUs, within thirty days following the earlier of the termination of the director’s service for any reason or a change of control.

The following table summarizes RSU activity during the year ended December 31, 2024:

	Number of Awards			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		133,499		$	30.55
Granted		24,366			15.35
Vested		(84,939	)		30.40
Forfeited		(826	)		42.90
Non-vested at December 31, 2024		72,100		$	25.44

The total value of RSUs that vested and were released was $1.3 million and $1.1 million during the years ended December 31, 2024 and 2023. For 2024 and 2023, the income tax benefit recognized for RSUs was $0.2 million for each year. As of December 31, 2024, there was $0.7 million of total unrecognized compensation cost related to RSUs, which we expect to recognize over a weighted average period of one year, and there are 45,366 vested RSUs that have not been released.

Equivalent Stock Unit Awards

When ESUs are granted to employees, they are valued at fair value, which we measure at the closing price of our common stock on the date of grant. Since ESUs are settled in cash, we record a liability which is remeasured each reporting period at fair value based upon the closing price of our common stock until the awards are settled. The ESUs generally vest and settle over a period of three equal annual installments beginning on or around the anniversary of the date of grant. The cash settled for any ESU will not exceed the maximum payout established by our Compensation, Nominating and Governance Committee of the Board.

The following table summarizes ESU activity during the year ended December 31, 2024:

	*Number of Awards*			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		140,039		$	30.25
Granted		202,225			15.35
Vested		(63,710	)		32.34
Forfeited		(826	)		42.90
Non-vested at December 31, 2024		277,728		$	18.88

During the years ended December 31, 2024 and 2023, we paid $1.0 million and $1.7 million, respectively, upon settlement of the ESUs. As of December 31, 2024, the total liability for ESUs was $2.4 million.

Performance Stock Unit Awards

PSUs are granted to certain executives and provide for the recipients to receive a grant of shares of common stock based upon the achievement of certain performance goals over a specified period established by the Compensation, Nominating, and Governance Committee. The number of PSUs ultimately issued is dependent upon our total shareholder return relative to our performance peer group (“relative TSR”) over a three-year performance period. Each PSU associated with the March 2024 award will settle for between zero and 1.25 shares of our common stock in the first quarter of 2027. The threshold performance level (25th percentile relative TSR) earns 50% of the target PSUs, the mid-point performance level (50th percentile relative TSR) earns 100% of the target PSUs and the maximum performance level (75th percentile relative TSR) or greater earns 125% of the target PSUs. For the PSUs granted in March 2023 and November 2022, each PSU will settle for between zero and two shares of our common stock. the threshold performance level (25^th percentile relative TSR) starts to earn PSUs, the mid-point performance level (50^th percentile relative TSR) earns 100% of the target PSUs and the maximum performance level (90th percentile relative TSR) or greater earns 200% of the target PSUs.

The outstanding PSUs grant date fair values were measured using a Monte Carlo simulation with the following assumptions and the resulting weighted-average grant date fair value per share:

	*March 2024*			*March 2023*			*November 2022*
Grant date	March 7, 2024			March 2, 2023			November 1, 2022
Performance period	January 1, 2024 to December 31, 2026			January 1, 2023 to December 31, 2025			January 1, 2023 to December 31, 2025
Volatility		63.5	%		75.2	%		95.6	%
Risk-free interest rate		4.3	%		4.6	%		4.4	%
Expected dividends		—	%		—	%		—	%
Grant date price	$	15.35		$	24.49		$	30.50
Weighted-average fair value per share	$	15.27		$	36.02		$	49.52

The following table summarizes PSU activity during the year ended December 31, 2024:

	*Number of Awards*			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		54,358		$	53.11
Granted		56,157			15.27
Vested		—			—
Forfeited		(17,454	)		71.28
Non-vested at December 31, 2024		93,061		$	26.87

As of December 31, 2024, there was $1.1 million of total unrecognized compensation cost related to PSUs, which we expect to recognize over a weighted average period of two years.

Stock Options

Stock options were previously granted to our officers, key employees, and Board but have not been awarded since 2017. Stock options generally vested annually in equal increments over three or five years and have a 10-year term. We estimated the fair value of each option grant using the Black-Scholes option-pricing model. The Black-Scholes option pricing model required estimates of key assumptions based on both historical information and management judgment regarding market factors and trends, including the expected volatility of the price of our stock, the risk-free rate, the expected term of the options and the expected dividend yield of our common stock.

The following table summarizes stock option activity during the year ended December 31, 2024:

	Total Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2023		4,242		$	222.66		1.52
Expired during the year		(1,950	)		191.20
Outstanding at December 31, 2024		2,292		$	249.42		1.40
Exercisable as of December 31, 2024		2,292		$	249.42		1.40

Aggregate intrinsic value represents the difference between our estimated fair value of common stock and the exercise price of outstanding in the money options. As of December 31, 2024, we had no outstanding in the money options and no outstanding and exercisable aggregate intrinsic values. No options were exercised during the years ended December 31, 2024 and 2023.

Total Share Based Compensation Expense

The following table summarizes share-based compensation expense recognized in SG&A expense in our consolidated statements of operations and our related tax benefit for the years ended December 31, 2024 and 2023, respectively (in thousands):

	*Year Ended December 31,*
	*2024*		*2023*
Restricted stock units	$	1,631	$	2,657
Equivalent stock units		2,466		1,201
Performance stock unit awards		1,116		1,507
Total share-based compensation expense	$	5,213	$	5,365
Related income tax benefit	$	322	$	361

Note 7 - Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Table Text Block]

	*December 31,*			*December 31,*
	*2024*			*2023*
Land	$	1,501		$	1,630
Building and improvements		6,792			7,742
Machinery and equipment		19,769			19,435
Computers and software		2,175			2,408
Furniture and fixtures		460			722
Vehicles		128			265
Right of use assets - finance leases		13,751			12,709
		44,576			44,911
Less: Accumulated depreciation and amortization		(23,519	)		(21,912	)
		21,057			22,999
Construction in progress		226			337
Property and equipment, net	$	21,283		$	23,336

Schedule of Depreciation [Table Text Block]

	*Year Ended December 31,*
	*2024*		*2023*
Cost of sales
Cost of product sales	$	1,911	$	1,613
Cost of services		766		592
Selling, general and administrative expenses		1,923		1,742
Total depreciation	$	4,600	$	3,947

Note 8 - Goodwill and Identifiable Intangibles - Identifiable Intangibles By Major Asset Class (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Amortizable intangible assets, gross		$ 8,058
Amortizable intangible assets, accumulated amortization	$ (4,368)	(3,699)
Amortizable intangible assets, net	3,690	4,359
Total identifiable intangibles, gross	8,058	8,106
Total identifiable intangibles, net	3,690	4,407
Technology, Not Subject To Amortization [Member]
Technology - not subject to amortization		48
Technology-Based Intangible Assets [Member]
Amortizable intangible assets, gross	3,958	3,958
Amortizable intangible assets, accumulated amortization	(1,122)	(863)
Amortizable intangible assets, net	$ 2,836	$ 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	(3,246)	(2,836)
Amortizable intangible assets, net	$ 854	$ 1,264

Note 4 - Revenues - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Balance, Current Contract Liabilities	$ 460	$ 51
Additions	278	432
Revenue recognized	(515)	(23)
Balance, Current Contract Liabilities	$ 223	$ 460

Note 5 - Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Inventory, Current [Table Text Block]

	*December 31,*		*December 31,*
	*2024*		*2023*
Raw materials	$	2,085	$	2,395
Work in process		291		559
Finished goods		38,595		38,658
Total inventories, net	$	40,971	$	41,612

Note 15 - Leases - Summary of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Amortization of right-of-use assets	$ 2,140	$ 1,752
Interest on lease liabilities	553	443
Operating lease cost	1,420	1,445
Short-term lease cost	866	855
Total lease cost	$ 4,979	$ 4,495

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2024
Insider Trading Arr Line Items
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

Note 17 - Earnings (Loss) Per Common Share - Calculation of Loss Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net income (loss)	$ 8,138	$ (3,111)
Net income attributable to non-controlling interest	1,545	42
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 6,593	$ (3,153)
Basic (in shares)	2,539	2,473
Dilutive effect of other equity awards (in shares)	51	0
Diluted weighted average number of shares (in shares)	2,590	2,473
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 2.6	$ (1.27)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 2.55	$ (1.27)
Potentially dilutive securities excluded as anti-dilutive (in shares)	48	146

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Amount of Net Income (Loss) attributable to noncontrolling interest.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues
Revenue	$ 162,557	$ 142,471
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	95,096	86,868
Selling, general and administrative expenses	57,820	56,518
Depreciation	4,600	3,947
Amortization	716	669
Income (loss) from operations	4,325	(5,531)
Other income (expense)
Interest expense, net	(414)	(586)
Provision for litigation, net of recoveries	0	(1,802)
Other Nonoperating Income (Expense)	7,306	4,114
Foreign currency exchange (loss) gain	(2,963)	462
Total other income	3,929	2,188
Income (loss) before income tax	8,254	(3,343)
Income tax expense (benefit)	116	(232)
Net income (loss)	8,138	(3,111)
Net income attributable to non-controlling interest	1,545	42
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 6,593	$ (3,153)
Earnings (loss) per common share
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 2.6	$ (1.27)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 2.55	$ (1.27)
Weighted average common shares outstanding
Basic (in shares)	2,539	2,473
Diluted (in shares)	2,590	2,473
Product [Member]
Revenues
Revenue	$ 113,046	$ 100,447
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	70,446	64,242
Service [Member]
Revenues
Revenue	49,511	42,024
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	$ 24,650	$ 22,626

Note 16 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	*Year Ended December 31,*
	*2024*			*2023*
Current tax expense (benefit)
U.S. Federal	$	348		$	(114	)
State		44			54
Foreign		104			(324	)
Total current		496			(384	)
Deferred tax expense
U.S. Federal	$	142		$	103
State		(69	)		—
Foreign		(453	)		49
Total deferred		(380	)		152
Total income taxes	$	116		$	(232	)

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	*Year Ended December 31,*
	*2024*			*2023*
U.S. Federal	$	12,706		$	1,256
Foreign		(4,452	)		(4,599	)
Income (loss) before income tax	$	8,254		$	(3,343	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*Year Ended December 31,*
	*2024*			*2023*
Income tax at federal statutory rate		21.0	%		21.0	%
Increase (decrease) in income taxes resulting from:
Foreign taxes on U.S. income		3.9	%		(2.7	)%
Non-controlling interest gain/losses		1.7	%		(3.8	)%
Nondeductible expenses		3.1	%		(5.2	)%
Deductible foreign taxes		(1.3	)%		1.4	%
Non U.S. income taxed at different rates		(0.1	)%		18.5	%
Foreign income inclusion		(2.5	)%		1.6	%
Foreign branch income/loss		(1.9	)%		3.7	%
Research and other tax credits		(4.4	)%		20.8	%
Stock-based compensation		7.5	%		(18.2	)%
State taxes		—	%		(12.3	)%
Change in valuation allowance		(25.2	)%		(20.9	)%
Other		(0.4	)%		3.0	%
Income tax		1.4	%		6.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	*December 31,*
	*2024*			*2023*
Deferred tax assets
Accruals not currently deductible	$	2,546		$	2,947
Depreciation and amortization		7,760			8,761
R&D credits		1,208			1,023
Tax loss carryforward		2,113			4,333
Other		2,620			1,798
		16,247			18,862
Valuation allowance for deferred tax assets		(16,009	)		(18,758	)
Total deferred tax assets		238			104
Deferred tax liabilities
Foreign currency translation		—			(287	)
Total deferred tax liabilities		—			(287	)
Net deferred tax assets (liabilities)	$	238		$	(183	)

	*December 31,*
	*2024*			*2023*
Deferred income tax assets—noncurrent	$	424		$	66
Deferred income tax liabilities—noncurrent		(186	)		(249	)
Net deferred tax assets (liabilities)	$	238		$	(183	)

Note 13 - Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option [Table Text Block]

	Number of Awards			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		133,499		$	30.55
Granted		24,366			15.35
Vested		(84,939	)		30.40
Forfeited		(826	)		42.90
Non-vested at December 31, 2024		72,100		$	25.44

	*Number of Awards*			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		140,039		$	30.25
Granted		202,225			15.35
Vested		(63,710	)		32.34
Forfeited		(826	)		42.90
Non-vested at December 31, 2024		277,728		$	18.88

	*Number of Awards*			*Weighted Average Grant Date Fair Value*
Non-vested at December 31, 2023		54,358		$	53.11
Granted		56,157			15.27
Vested		—			—
Forfeited		(17,454	)		71.28
Non-vested at December 31, 2024		93,061		$	26.87

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	*March 2024*			*March 2023*			*November 2022*
Grant date	March 7, 2024			March 2, 2023			November 1, 2022
Performance period	January 1, 2024 to December 31, 2026			January 1, 2023 to December 31, 2025			January 1, 2023 to December 31, 2025
Volatility		63.5	%		75.2	%		95.6	%
Risk-free interest rate		4.3	%		4.6	%		4.4	%
Expected dividends		—	%		—	%		—	%
Grant date price	$	15.35		$	24.49		$	30.50
Weighted-average fair value per share	$	15.27		$	36.02		$	49.52

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

	Total Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2023		4,242		$	222.66		1.52
Expired during the year		(1,950	)		191.20
Outstanding at December 31, 2024		2,292		$	249.42		1.40
Exercisable as of December 31, 2024		2,292		$	249.42		1.40

Share-Based Payment Arrangement, Cost by Plan [Table Text Block]

	*Year Ended December 31,*
	*2024*		*2023*
Restricted stock units	$	1,631	$	2,657
Equivalent stock units		2,466		1,201
Performance stock unit awards		1,116		1,507
Total share-based compensation expense	$	5,213	$	5,365
Related income tax benefit	$	322	$	361

Note 3 - Segment and Geographic Information - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenue	$ 162,557	$ 142,471
Product [Member]
Revenue	113,046	100,447
Service [Member]
Revenue	49,511	42,024
UNITED STATES
Revenue	43,652	37,819
UNITED STATES \| Product [Member]
Revenue	34,082	26,613
UNITED STATES \| Service [Member]
Revenue	9,570	11,206
CANADA
Revenue	102,435	98,107
CANADA \| Product [Member]
Revenue	74,654	71,946
CANADA \| Service [Member]
Revenue	27,781	26,161
Other Countries [Member]
Revenue	16,470	6,545
Other Countries [Member] \| Product [Member]
Revenue	4,310	1,888
Other Countries [Member] \| Service [Member]
Revenue	$ 12,160	$ 4,657

Note 9 - Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Accrued Liabilities [Table Text Block]

	*December 31,*		*December 31,*
	*2024*		*2023*
Accrued payroll and bonus	$	7,601	$	2,255
Property and franchise taxes accrual		251		251
Severance and other termination benefits		—		436
Accrued other miscellaneous liabilities		499		760
Total accrued expenses	$	8,351	$	3,702

Note 15 - Leases (Details Textual) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Finance Lease, Right-of-Use Asset, Accumulated Amortization

^[1]

$ 5,911

$ 4,847

6,000

$ 4,700

Operating Lease, Expense

2,300

Facility in Ojinaga, Mexico [Member]

$ 6,493

Lessee, Operating Lease, Renewal Term (Year)

6 years

3 years

$ 2,300

Facility in Oklahoma City, Oklahoma [Member]

$ 2,300

62 months

$ 300

Office in Calgary [Member]

$ 300

72 months

$ 500

Relocated New Facility [Member]

$ 500

5 years

$ 1,700

$ 1,700

[1]

Note 10 - Debt (Tables)

12 Months Ended

Dec. 31, 2024