EMGS has reported fourth quarter 2023 results.
Highlights:
- The Company recorded revenues of USD 1.1 million, down from USD 15.2 million in the fourth quarter of 2022 and down from USD 1.6 million in the third quarter of 2023.
- Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.7 million, down from USD 8.2 million in the fourth quarter of 2022.
- Free cash decreased with USD 1.3 million during the quarter, to USD 10.3 million.
- The Atlantic Guardian is currently in warm-stack in Norway.
Source: EMGS
