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For the three months ended 31 March 2017, Savanna Energy Services Corp. revenues increased 25% to C$117.3M. Net loss increased 96% to C$19.8M. Revenues reflect Drilling segment increase of 43% to C$73.6M, Services segment increase of 3% to C$44.3M, Canada segment increase of 68% to C$63.9M, United States segment increase of 23% to C$21M. Higher net loss reflects Stock-based Compensation in SGA increase from C$495K to C$2.5M (expense).
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Revenue | 117.32 | 104.19 | 71.06 | 54.91 |
Gross Profit | -4.29 | -5.99 | -6.55 | -8.59 |
Operating Income | -27.41 | -19.45 | -16.27 | -19.76 |
Net Income | -19.76 | -18.87 | -11.06 | -16 |
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Assets | 823.07 | 813.88 | 787.84 | 797.38 |
Total Liabilities | 371.55 | 344.68 | 337.94 | 342.65 |
Total Equity | 451.52 | 469.19 | 449.9 | 454.73 |
Period Ending: | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -3.46 | 11.18 | 25.52 | 17.35 |
Cash From Investing Activities | -16.79 | -7 | -0.63 | 2.38 |
Cash From Financing Activities | 30.95 | 8.42 | -22.4 | -13.44 |
Net Change in Cash | 10.89 | 12.49 | 2.42 | 6.02 |
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