Q4 2022 Electromagnetic Geoservices ASA Earnings Call Transcript
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Welcome to the presentation of EMGS's fourth-quarter 2022 results. I'm here with our CFO, Anders Eimstad, and together we will be presenting these results. Please take note of our disclaimer.
Let us start with the highlights. We completed the proprietary acquisition for Woodside and BP offshore Trinidad and Tobago in early December, and the vessel transited back to Norway and then was placed in warm-stack with a reduced day rate.
Financially, this quarter was our best since the fourth quarter of 2019, and our seventh consecutive profitable quarter. Our revenue for the quarter came in at $15.2 million, our EBITDA was $10.3 million, and our adjusted EBITDA was $8.2 million.
During the quarter, we completed our third voluntary bond buy-back with an aggregate nominal value of USD5 million. The remaining bond loan is now approximately $19.5 million, and our year-end available cash balance was $11.4 million, which is after we completed the bond buy-back.
It is also worth noting that the accounts
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