CGG reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 320 million compared to USD 319 million a year ago. Net loss was USD 15 million compared to net income of USD 46 million a year ago. Basic loss per share was USD 0.02 compared to basic earnings per share of USD 0.06 a year ago.
For the full year, sales was USD 1,075.5 million compared to USD 926.9 million a year ago. Revenue was USD 1,075.8 million compared to USD 927.4 million a year ago. Net income was USD 12.9 million compared to USD 43.1 million a year ago. Basic earnings per share was USD 0.02 compared to USD 0.06 a year ago. Diluted earnings per share was USD 0.02 compared to USD 0.06 a year ago.