Orbit Garant Drilling reports fiscal 2014 second quarter results

adminfog2014, News

Revenue was $16.8 million in the second quarter of fiscal 2014 (“Q2 FY2014”), compared to $24.2 million in the second quarter of fiscal 2013 (“Q2 FY2013”) Adjusted gross margin (excluding depreciation expense) was 20.5%, compared to 22.2% in Q2 FY2013 EBITDA of $0.9 million compared to $3.1 million in Q2 FY2013 Net loss of $1.5 million, or $(0.05) per share (diluted) in Q2 FY2014, compared to a net loss of $0.3 million, …