Ocean GeoLoop AS Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	191.62	169.84	128.14	0.3
Other Revenue	3.02	3.02	-0.05	-
Revenue	194.64	172.85	128.09	0.3
Revenue Growth (YoY)	17.57%	34.94%	42597.67%	-
Cost of Revenue	141.4	113.5	103.31	-
Gross Profit	53.23	59.35	24.79	0.3
Selling, General & Admin	56.06	52.32	30.55	7.76
Other Operating Expenses	33.3	34.95	26.5	31.18
Operating Expenses	108.16	106.74	77.26	40.25
Operating Income	-54.93	-47.39	-52.47	-39.95
Interest Expense	-	-0.89	-0.11	-0.06
Interest & Investment Income	5.99	5.25	0.1	0.04
Earnings From Equity Investments	0.04	0.04	-	-
Other Non Operating Income (Expenses)	-5.97	-7.97	-1.45	-
Pretax Income	-54.87	-50.96	-53.92	-39.97
Income Tax Expense	-1.35	-1.54	-2.19	-
Earnings From Continuing Operations	-53.52	-49.42	-51.73	-39.97
Minority Interest in Earnings	7.53	5.62	3.61	-
Net Income	-45.98	-43.8	-48.12	-39.97
Net Income to Common	-45.98	-43.8	-48.12	-39.97
Shares Outstanding (Basic)	-	53	53	-
Shares Outstanding (Diluted)	-	53	53	-
EPS (Basic)	-	-0.83	-0.91	-
EPS (Diluted)	-	-0.83	-0.91	-
Free Cash Flow	-33.61	-64.63	-86.1	-55.02
Free Cash Flow Per Share	-	-1.23	-1.63	-
Gross Margin	27.35%	34.34%	19.35%	100.00%
Operating Margin	-28.22%	-27.41%	-40.96%	-13315.67%
Profit Margin	-23.63%	-25.34%	-37.57%	-13324.33%
Free Cash Flow Margin	-17.27%	-37.39%	-67.21%	-18341.00%
EBITDA	-36.13	-27.92	-32.27	-38.63
EBITDA Margin	-18.56%	-16.15%	-25.19%	-
D&A For EBITDA	18.79	19.47	20.21	1.32
EBIT	-54.93	-47.39	-52.47	-39.95
EBIT Margin	-28.22%	-27.41%	-40.96%	-
Revenue as Reported	172.85	172.85	128.09	0.3

Source: S&P Capital IQ. Standard template. Financial Sources.