EMGS reports first quarter 2025 results

Core Viewpoint - EMGS has shown significant financial improvement in Q1 2025, with a notable increase in revenues and adjusted EBITDA compared to previous periods [1][2]. Financial Performance - The Company recorded revenues of USD 10.0 million in Q1 2025, a substantial increase from USD 0.2 million in Q1 2024 and a slight increase from USD 9.7 million in Q4 2024 [1]. - Adjusted EBITDA for the Company was USD 2.0 million in Q1 2025, recovering from a negative USD 3.8 million in Q1 2024 [1]. Cash Flow and Investments - Free cash decreased by USD 3.1 million during the quarter, bringing the total to USD 6.0 million [2]. - The Atlantic Guardian completed the first of two proprietary acquisitions in India and began mobilization for the second acquisition during the quarter [2]. Strategic Developments - On May 6, 2025, EMGS announced the establishment of a new business platform within offshore subsea construction through the acquisition of the OSCV Siem Day [2]. Company Overview - EMGS is a leader in the marine electromagnetic market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [4]. - The Company integrates electromagnetic data with seismic and other geological information to enhance exploration efficiency and reduce costs [4]. - EMGS is also exploring early-stage initiatives to position itself in the marine mineral market, particularly in detecting seabed mineral deposits [4].