Polarcus still in red, but riding the wave of strongest backlog since 2014

Seismic services player Polarcus posted a loss of $19 million for the fourth quarter of 2019, but the company expects to benefit from an improving backlog.

According to its financial statement on Thursday, Polarcus recorded revenues of $55.3 million in the fourth quarter of 2019, compared to $58.4 million in Q4 2018.

Polarcus posted a $19 million loss for the last quarter of 2019 compared to an $18.1 million loss in the same period in 2018.

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