Q2 2023 Electromagnetic Geoservices ASA Earnings Presentation (Pre-Recorded) Transcript
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Welcome to the presentation of EMGS' second-quarter 2023 results. I'm here with our CFO, Anders Eimstad, together we will go through this presentation. Please take note of our disclaimer. In summary, a fairly uneventful quarter. We were not able to secure any acquisition projects for the Atlantic Guardian and it remained warm-stacked for the entire quarter. Our revenues were $0.2 million, our EBITDA was negative $1.1 million, and the adjusted EBITDA came in at negative $1.8 million.
Moving on to our operations and market section. The Atlantic Guardian continues to be in extended warm-stack in Norway. While in warm-stack, lower variable charter rates for the Atlantic Guardian apply. The reduced variable
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