Electromagnetic Geoservices ASA reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1.15 million compared to USD 15.03 million a year ago. Revenue was USD 1.15 million compared to USD 15.21 million a year ago. Net loss was USD 3.67 million compared to net income of USD 6.93 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.05 a year ago.
For the full year, sales was USD 7.99 million compared to USD 30.23 million a year ago. Revenue was USD 7.99 million compared to USD 34.98 million a year ago. Net loss was USD 8.18 million compared to net income of USD 11.19 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.09 a year ago.