NCS Multistage(US:NCSM)2022-03-25 18:08Financial Performance & Valuation - As of March 4, 2022, the share price was $50.58, leading to an equity value of $121.7 million [9, 11] - The company's enterprise value is $125.4 million [15] - The company has a strong net cash position of negative $14.3 million [19] - The total debt to total book capitalization is 6.6% [20] - Net working capital stands at $48 million as of December 31, 2021 [21] - Full year 2021 revenue reached $118.5 million, an 11% increase compared to 2020 [46] - Adjusted EBITDA for full year 2021 was $9.1 million, a $6.9 million increase compared to 2020 [46] - Free cash flow for full year 2021 was $11.1 million [46] Future Guidance - The company projects full year 2022 revenue between $145 million and $160 million [49] - Adjusted EBITDA for full year 2022 is projected to be between $13 million and $18 million [49] Revenue Mix - In 2021, product revenue accounted for 70% of the total, while service revenue made up 30% [54]