Electromagnetic Geoservices ('EMGS'), the marine EM market leader, has reported its third quarter 2024 results.
Summary
- The Company recorded revenues of USD 1.1 million, 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 5.9 million, down from negative USD 0.7 million in the third quarter of 2023.
- Free cash increased with USD 7.4 million during the quarter, to USD 13.2 million.
Source: EMGS
