Borr Drilling (BORR) Posts Q4 Revenue of $69.1M
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Borr Drilling Limited Announces Preliminary Results for the Fourth Quarter of 2021
February 16, 2022 1:44 AM ESTHAMILTON, Bermuda, Feb. 16, 2022 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three and twelve months ended December 31, 2021.
Highlights Fourth Quarter of 2021
 Total operating revenues of $69.1 million, a decrease of $3.9 million (5%) compared to the third quarter of 2021  Net loss of $46.1 million, an increase of $13.5 million compared to the loss in the third quarter of 2021  Cash and cash equivalents of $34.9 million and restricted cash of $11.1 million at the end of the fourth quarter of 2021, a decrease of $22.9 million from the end of... More