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