Q4 2020 Electromagnetic Geoservices ASA Earnings Call Transcript
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Good morning, and welcome to this recorded presentation of EMGS's fourth-quarter results. I'm here with our CFO, Anders Eimstad, and together we'll take you through the quarter and a few subsequent events.
Please take note of our disclaimer.
The Atlantic Guardian was cold stacked during the entire quarter. And the company finalized the remaining cost cutting and organizational changes during the quarter.
We announced the signing for pre-funded multi-client project in Mexico. This project will start in late March or beginning of April and is scheduled to take one to two months. The customer is an existing customer, but the EMGS has not worked for this customer in Mexico before. Upon completion, we will transit back to Norway in time for the Norwegian summer acquisition season, and we plan to start our pre-funded Utsira High survey
On the financial side, we recorded revenues of USD4 million, of which USD2.3 million were late sales. The EBITDA came in at USD1.5 million, and the adjusted EBITDA came
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