Financial Performance - As of March 7, 2025, the company's share price was $25.49, with 2.6 million diluted shares outstanding, resulting in an equity value of $67 million[10] - The company's enterprise value is $66.5 million, calculated with total debt of $8.1 million, non-controlling interest of $17.3 million, and cash of $25.9 million[10] - FY 2024 Adjusted EBITDA Less Share-based Compensation was $19.5 million, and Free Cash Flow was $11.9 million[10] - The company's net debt (cash) is $(17.7) million, with a total debt to total book capitalization ratio of 6.6%, and net working capital of $56.4 million[10] - Q4 2024 total revenue was $45 million, a 28% increase compared to Q4 2023, with a 43% adjusted gross margin, up from 37% in Q4 2023[39] - The company's net income attributable to NCS was $3.5 million, with earnings per diluted share of $1.32, and adjusted EBITDA of $8.2 million, an increase of $5.7 million compared to Q4 2023[39] - Full year 2025 financial guidance includes total revenue of $165-$175 million, a year-over-year increase of 5% at the midpoint, and adjusted EBITDA of $20-$23 million[42] Business Strategy and Operations - The company has expanded its addressable market, with revenue increasing from $98 million in 2016 to $163 million in 2024, and customer base growing from over 140 to over 200[30] - The company is focused on leveraging its market positions, expanding internationally, and providing innovative solutions to customer challenges[34]