SAExploration Announces Third Quarter 2016 Financial Results

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SAExploration (SAEX) Reports Q3 Loss of $2.62/Share

November 3, 2016 4:04 PM EDT

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... More