ElectroMagnetic GeoServices ASA (DE:E2M) has released an update.
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ElectroMagnetic GeoServices ASA reported a significant increase in revenue to USD 13.8 million in Q2 2024, compared to just USD 0.2 million in the same quarter of the previous year. The company’s adjusted EBITDA also rose to USD 7.0 million, marking a turnaround from a negative EBITDA in Q2 2023. Additionally, EMGS successfully completed a survey in Brazil and secured contracts worth USD 6.3 million for future multi-client acquisitions and seismic surveys.
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