Published on 1 Nov 2023 on GuruFocus.com via Yahoo Finance
Independence Contract Drilling Inc (ICD) Reports Q3 2023 Financial Results
Net loss of $7.6 million, or $0.54 per shareAdjusted net loss of $5.2 million, or $0.37 per shareAdjusted EBITDA of $12.9 millionRevenues of $44.2 million
Independence Contract Drilling Inc (NYSE:ICD) released its financial results for the third quarter ended September 30, 2023, on November 1, 2023. The company reported a net loss of $7.6 million, or $0.54 per share, and an adjusted net loss of $5.2 million, or $0.37 per share. The adjusted EBITDA for the quarter was $12.9 million. The company's revenues for the quarter stood at $44.2 million.
Financial Performance