Q2 2021 Archer Ltd Earnings Call Transcript

Feb 12, 2024

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Aug 13, 2021 / 07:00AM GMT
Operator

Hello, and welcome to the Archer Second Quarter 2021 Earnings Release Call. (Operator Instructions) Today, I'm pleased to present Dag Skindlo, CEO. Please go ahead with your meeting.

Dag Skindlo - Archer Limited - CEO

Thank you, Nat. Good morning, ladies and gentlemen, and thank you for joining this conference call for the second quarter 2020.

Archer's Chief Financial Officer, Espen Joranger, is joining me on the call today. In today's call, I will touch upon the key highlight and summarize Archer's operation for the second quarter. Espen will thereafter walk us through the financial section and the 2021 outlook. Towards the end of the call, we will open up the line for questions.

Moving to Slide 2. I would like to note that the information provided in today's call includes forward-looking statements as well as non-GAAP financial measures.

Next slide, please.

Revenue in the quarter of $228 million was an increase of $35.2 million relative to the second quarter 2020, corresponding to an increase of 18.3%. Compared to first

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