Civeo Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.021 million compared to USD 5.26 million a year ago. Revenue was USD 167.59 million compared to USD 165.68 million a year ago.

Net loss was USD 6.35 million compared to net income of USD 1.41 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to diluted earnings per share from continuing operations of USD 0.06 a year ago.