Q3 2021 Archer Ltd Earnings Call Transcript

Feb 12, 2024

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Nov 05, 2021 / 08:00AM GMT
Operator

Welcome to the Archer Third Quarter 2021 Earnings Release Call. (Operator Instructions) Today, I am pleased to present Dag Skindlo, CEO; and Espen Joranger, CFO. Please begin your meeting.

Dag Skindlo - Archer Limited - CEO

Thank you, Mark. Good morning, ladies and gentlemen, and thank you for joining this conference call for third quarter 2021. Archer's Chief Financial Officer, Espen Joranger, is joining me on the call today.

In today's call, I will touch upon the key highlights and summarize Archer's operation for the third quarter. Espen will thereafter walk us through the financial section. Towards the end of the call, we will open 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. The revenue for the quarter of $242.8 million is an increase of $14.8 million relative to the second quarter, corresponding to an increase of 6.5%. Compared to Q3 2020, revenue increased by $59.2

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