Brief: High Arctic Reports Quarterly Net Loss Per Share Of $0.04

High Arctic Energy Services

15/05/2020 02:25

May 14 (Reuters) - High Arctic Energy Services Inc  HWO.TO :
    * HIGH ARCTIC ANNOUNCES 2020 FIRST QUARTER FINANCIAL AND
OPERATING
RESULTS
    * Q1 REVENUE C$39.6 MILLION VERSUS C$46.5 MILLION
    * QTRLY NET LOSS PER SHARE $0.04
    * HIGH ARCTIC ENERGY SERVICES- QTRLY FUNDS PROVIDED FROM
OPERATIONS PER SHARE BASIC AND DILUTED $0.04
    * CO'S NEAR-TERM OUTLOOK WILL CONTINUE TO BE IMPACTED UNTIL
SUCH
TIME AS COVID-19 PANDEMIC STABILIZES
    * WE CANNOT OFFER ANY MEANINGFUL GUIDANCE OR OUTLOOK TO OUR
SHAREHOLDERS AT THIS TIME
    * HIGH ARCTIC-IN ANTICIPATION OF SLOWING CUSTOMER DEMAND
ADOPTED
MEASURES LIKE 30% TO 50% WORKFORCE REDUCTION TO EXECUTIVE,
MANAGEMENT&SUPPORT PERSONNEL

Source text for Eikon:  ID:nGNX4f0Wpc 
Further company coverage:  HWO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))