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The latest update is out from ElectroMagnetic GeoServices ASA ( (DE:E2M) ).
ElectroMagnetic GeoServices ASA reported a decline in revenues to USD 9.6 million for the second quarter of 2025, down from USD 13.8 million in the same period last year. The company’s adjusted EBITDA also fell to USD 2.1 million, and free cash decreased by USD 2.5 million. Despite these financial challenges, EMGS completed significant proprietary acquisitions in India, which could impact its future market positioning.
More about ElectroMagnetic GeoServices ASA
ElectroMagnetic GeoServices ASA (EMGS) is a leader in the marine electromagnetic (EM) market, providing technology to assist oil and gas companies in offshore hydrocarbon exploration. EMGS offers services that integrate EM data with seismic and other geophysical and geological information, enhancing exploration efficiency and reducing risks. The company is also exploring the use of its technology for detecting marine mineral deposits and is positioning itself in this emerging market.
Average Trading Volume: 112,625
Current Market Cap: NOK261.9M
Learn more about E2M stock on TipRanks’ Stock Analysis page.