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Electromagnetic Geoservices ASA (0J5B.L)
- GlobeNewswire
EMGS – Vessel activity and multi-client sales update for the third quarter 2023
Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the third qua
- GlobeNewswire
EMGS secures multi-client revenue in Norway
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has secured approximately USD 1.0 million in revenue related to its existing multi-client library in Norway. The revenue is expected to be recognised in the third quarter of 2023. Contact Anders Eimstad, CFO, +47 948 25 836 This information is published in accordance with the Norwegian Securities Trading Act § 5-12. About EMGS EMGS, the marine EM market leader, uses its proprietary electromagnetic (
- GlobeNewswire
EMGS reports second quarter 2023 results
Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the second quarter of 2023 are attached. Highlights: * The Company recorded revenues of USD 0.2 million, down from USD 6.9 million in the second quarter of 2022 and down from USD 5.0 million in the first quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.8 million, down from USD 2.8 million in the second quar
