SAExploration (SAEX) Reports Q3 Loss of $2.62/Share
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SAExploration (NASDAQ: SAEX) reported Q3 EPS of ($2.62), versus ($0.93) reported last year. Revenue for the quarter came in at $33 million, versus $57.9 million reported last year.
Adjusted EBITDA, which is defined and calculated below, was $(0.4) million during the quarter, or (1.1)% of revenues, compared to $10.5 million, or 18.1% of revenues, in Q3 2015.
Capital expenditures for the quarter were $0.1 million, compared to $0.7 million in Q3 2015. The low level of capital expenditures in both periods was primarily due to the deteriorating conditions in the oil and gas industry, which presented limited to no growth opportunities requiring capital expenditures.
For earnings history and earnings-related data on SAExploration (SAEX) click here.
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