SAExploration (SAEX) Reports Q3 Loss of $2.62/Share
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SAExploration Announces Third Quarter 2016 Financial Results
November 3, 2016 4:02 PM EDTHOUSTON, Nov. 03, 2016 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX) (SAE or the Company) today announced its consolidated financial results for the third quarter (Q3) and nine months ended September 30, 2016.
Third Quarter 2016 Summary
Revenue of $33.0 million, compared to $57.9 million in the same period last yearGross profit of $1.4 million, or 4.2% of revenues, compared to $13.8 million, or 23.7% of revenues, in the same period last yearAdjusted gross profit of $5.5 million, or 16.7% of revenues, compared to $18.2 million, or 31.5%... More