NorAm Drilling AS reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 26.54 million compared to USD 13.12 million a year ago. Revenue was USD 26.54 million compared to USD 13.12 million a year ago. Net income was USD 1.54 million compared to net loss of USD 5.14 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.22 a year ago.
For the nine months, sales was USD 65.91 million compared to USD 35.82 million a year ago. Revenue was USD 65.91 million compared to USD 35.82 million a year ago. Net loss was USD 6.32 million compared to USD 13.38 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.57 a year ago.