Core Insights - EMGS reported revenues of USD 0.1 million for Q3 2025, a significant decrease from USD 1.1 million in Q3 2024 [1] - The adjusted EBITDA for the company was negative USD 6.3 million, worsening from negative USD 5.9 million in the same quarter of the previous year [1] Financial Performance - Free cash increased by USD 0.2 million during the quarter, reaching a total of USD 3.7 million [2] - The OSCV Siem Day transaction was terminated post-quarter without any liabilities or payments for either party [2] - The Atlantic Guardian was demobilized and redelivered to its owner after the quarter ended [2] Operational Status - As of the reporting date, EMGS has no vessels under charter or in operation, limiting its ability to generate new acquisition revenues [2] - The company currently has no acquisition backlog and low visibility regarding potential new contracts [2] Future Outlook - EMGS is likely to depend on securing additional financing to continue operations beyond the near term [3] - There are no guarantees regarding the company's ability to secure new financing, which may be highly dilutive to existing shareholders [3] 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's services enhance exploration efficiency and reduce risks and costs associated with finding hydrocarbons [4] - EMGS is also exploring early-stage initiatives to position itself in the marine mineral deposits market [4]

Core Insights - The Company, Electromagnetic Geoservices ASA (EMGS), reported a vessel utilization rate of 24% for Q3 2025, a significant decrease from 40% in Q3 2024 [2] - EMGS had one vessel, the Atlantic Guardian, which completed prefunded multi-client surveys in the North Sea and is set to be redelivered on October 20, 2025 [2] - The Company does not anticipate any multi-client revenue for Q3 2025, expecting to recognize revenue from the North Sea surveys in Q4 2025 [4] Vessel Activity - At the end of Q3 2025, EMGS operated one vessel, recording 3.0 vessel months, consistent with the 3.0 vessel months recorded in Q3 2024 [3] Financial Reporting - EMGS plans to publish its Q3 2025 financial results on November 6, 2025, prior to 07:30 local time in Norway, with a recorded presentation available online [5] Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [7] - The Company's services enhance exploration efficiency and reduce risks and finding costs per barrel by integrating EM data with seismic and other geological information [7]

Core Insights - The Company, Electromagnetic Geoservices ASA (EMGS), provides updates on vessel activity and multi-client sales approximately 4-5 working days after each quarter ends [1] - The Company defines vessel utilization as the percentage of the vessel charter period spent on data acquisition, excluding downtime and other non-productive activities [1] Vessel Activity - At the end of Q2 2025, the Company had one vessel, the Atlantic Guardian, which completed two proprietary surveys in India and is now transitioning to Norway for three fully prefunded multi-client surveys valued at USD 2.7 million [2] - The vessel utilization for Q2 2025 was 44%, a decrease from 51% in Q2 2024 [2] Financial Performance - EMGS recorded 3.0 vessel months in Q2 2025, consistent with Q2 2024 [3] - The Company anticipates approximately USD 200,000 in multi-client late sales for Q2 2025 [4] - EMGS will release its Q2 2025 financial results on August 13, 2025, prior to 07:30 local time in Norway [4] Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [6] - The Company supports all stages of the workflow, from survey design to data interpretation, enhancing exploration efficiency and reducing costs [6] - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [6]