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ElectroMagnetic GeoServices ASA
Previous close
€0.15
Day range
€0.16 - €0.16
Year range
€0.13 - €0.24
Avg Volume
1.00
P/E ratio
-
Dividend yield
-
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Revenue | 9.68M | 742.73% |
Operating expense | 236.00K | -93.60% |
Net income | 8.06M | 319.30% |
Net profit margin | 83.19 | 126.02% |
Earnings per share | — | — |
EBITDA | 9.48M | 714.65% |
Effective tax rate | -2.47% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 9.12M | -11.05% |
Total assets | 29.81M | 7.35% |
Total liabilities | 26.39M | -2.87% |
Total equity | 3.42M | — |
Shares outstanding | 130.97M | — |
Price to book | 5.02 | — |
Return on assets | 70.32% | — |
Return on capital | 100.92% | — |
Cash Flow
Net change in cash
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Net income | 8.06M | 319.30% |
Cash from operations | -1.22M | -401.48% |
Cash from investing | -1.61M | -359.43% |
Cash from financing | -1.26M | 5.32% |
Net change in cash | -4.09M | -219.77% |
Free cash flow | -6.34M | -980.28% |
About
Electromagnetic Geoservices ASA is a Norwegian geophysical services company using proprietary marine electromagnetic technology to support oil and gas companies in their search for offshore hydrocarbons. The administrative and research headquarters are located in Trondheim.
The company was established on February 1, 2002 by the founders Terje Eidesmo, StĂĄle Johansen and Svein Ellingsrud. EMGS pioneered marine electromagnetic technology with the first successful application and commercialization of controlled source electro-magnetic surveying technology. Marine EM, or CSEM, is an emerging exploration method that uses electromagnetic energy to detect resistive bodies - including hydrocarbon reservoirs - beneath the seabed. The technique used by EMGS was trialled in 1998 using a towed, high-power EM source and a series of seabed receivers, while the founders were working for Statoil.
The company acquires 3D electromagnetic and marine magnetotelluric data, which are used to assess formation resistivity before drilling, and interpret and integrate this information with other geodata to aid exploration decision making. Wikipedia
Founded
Feb 1, 2002
Website
Employees
20