Q1 2019 Aqualis ASA Earnings Call Transcript
Good day, and welcome to the Aqualis Offshore Q1 results conference call. For your information, today's conference is being recorded.
At this time, I would like to turn the conference over to David Wells. Please go ahead, sir.
Thank you, operator. My name is David Wells, I'm the CEO of Aqualis. I'm very pleased here to be giving you the Q1 results of 2019, and I'll be giving this discussion with Kim Boman, our CFO; and also Glen Rødland, who is our Chairman, to take us through both the Q1 results and also our press announcement for today.
So I'm pleased to announce that we had revenues of $8.2 million during the course of the quarter, with an operating loss of $200,000 at an adjusted EBIT of $100,000. The good news on the quarter is that we had a very strong positive cash flow of USD 1.8 million and our backlog numbers have increased by 15% during the quarter. I should give a little bit more detail but Q1, traditionally, is a little bit weaker than the other quarters and this quarter has
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