QUARTERLY HIGHLIGHTS
• Revenue increased to $22.3 million or 30.4% compared to the first quarter of 2022
• EBITDA increased to $4.1 million, or 228% compared to the first quarter of 2022
• Fleet utilization increased to 95% compared to 79% in the first quarter 2022
• Average base dayrate increased 8.5% compared to the first quarter 2022
• Current revenue backlog of $50 million
Link to report: Q2 2022 Interim Report (noramdrilling.com)