Q3 2021 Electromagnetic Geoservices ASA Earnings Presentation Transcript

Nov 11, 2021 / 07:00PM GMT
Presentation
Nov 11, 2021 / 07:00PM GMT

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Corporate Participants
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* Bjørn Petter Lindhom
Electromagnetic Geoservices ASA - CEO
* Anders Eimstad
Electromagnetic Geoservices ASA - CFO

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Bjørn Petter Lindhom - Electromagnetic Geoservices ASA - CEO

Hello, and welcome to this presentation of EMGS' third quarter results. My name is Bjørn Petter Lindhom, and I'm joined by our CFO, Anders Eimstad. Please take notice of our disclaimer.

We are very pleased with our operational performance in the third quarter. We completed the proprietary survey in Southeast Asia, transited through the Suez Canal to Norway, and started the fully prefunded Utsira Multi-Client project in North Sea. We'll go more into the details of this survey later in the presentation.

We record USD12.7 million in revenue, with an EBITDA of USD9.7 million and an adjusted EBITDA of USD7.6 million. Last quarter, we had revenues in excess of USD10 million, was in the first quarter of

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