EMGS reports fourth quarter 2024 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the fourth quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 9.7 million, up from USD 1.1 million in the fourth quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 7.9 million, up from negative USD 1.7 million in the fourth quarter of 2023.* Free cash decreased with USD 4.1 million during the quarter, to ...