SAExploration (SAEX) Reports Q1 EPS of $0.82
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SAExploration Announces First Quarter 2016 Financial Results
May 12, 2016 4:05 PM EDTHOUSTON, May 12, 2016 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX) (OTCBB: SAEXW) today announced its consolidated financial results for the first quarter (Q1) ended March 31, 2016.
First Quarter 2016 Summary
Revenue of $90.2 million, up 13.1% from $79.7 million in 2015Gross profit, excluding depreciation expense, of $30.6 million, an increase of 20.6% from $25.4 million last yearGross margin, excluding depreciation expense, of 34.0%, up from 31.9% in 2015Adjusted EBITDA of $24.3 million, an increase of 42.0% from $17.1 million last... More