Independence Contract Drilling (ICD) Misses Q4 EPS by 5c
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Independence Contract Drilling, Inc. Reports Unaudited Financial Results For The Fourth Quarter and Year Ended December 31, 2021
March 7, 2022 6:45 AM ESTHOUSTON, March 7, 2022 /PRNewswire/ --Â Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three and twelve months ended December 31, 2021.
Fourth quarter 2021 Highlights
Net loss, as defined below, of $31.5 million, or $3.23 per share. Adjusted net loss, as defined below, of $13.2 million, or $1.35 per share. Adjusted EBITDA, as defined below, of $1.5 million, representing an approximate 119% sequential improvement from the third quarter of 2021. Net debt, excluding finance leases and net of deferred financing costs, of $136.3 million.... More