Last quarter, the company reported revenues of $15 million and a loss of $4 million. Net loss increased to $25.3 million compared to $13.8 million in the prior year, and adjusted loss came in at $1.1 million. Backlog at the end of the third quarter stood at $173.2 million.
Fourth quarter traditionally has been a weak period for SAExploration. However, due to improving market conditions with new project wins, investors would be expecting the firm to report better results on Monday. Increased spending from the clients would be a good signal for the firm as it enters the next fiscal year. Investors would be expecting further inputs from the management of the current industry trends.
Another important update from the company would be on the Geokinetics deal. It might have completed the integration of the firm in the Q4 period. Shareholders would be expecting more updates about the cost synergies and how SAExploration want to take it forward.
The company has started off well in 2019 with the stock recovering from its 52-week low levels recorded in January.