Technical picture to SAExploration Holdings, Inc. (NASDAQ: SAEX) practical ending of Q1

SAExploration Holdings, Inc. (NASDAQ: SAEX) closed with no change in stock price to $0.18. Recent traded volume was 25.64K shares versus to it an average volume of 253.51K shares. The company holds 9.42 million shares outstanding and market cap of 32.51 million. The stocks day range was recorded between a low of $3.40 and a high $3.47. The one year high of the company is $53.80 and the one year low is $1.82.

SAExploration Holdings, Inc. (NASDAQ: SAEX) recently reported its unaudited consolidated financial results for the first quarter (Q1) ended March 31, 2019.

SAE stated revenues of $93.4M for the first quarter of 2019, a raise of 264.9% from the fourth quarter of 2018 and 151.6% from the first quarter of 2018.

SAE stated adjusted gross profit of $23.2M for the first quarter of 2019, a raise of 1,643.5% contrast to $1.3M in the fourth quarter of 2018 and a raise of 108.6% contrast to $11.1M in the first quarter of 2018. Adjusted EBITDA was $15.9M for the first quarter of 2019, contrast to $(8.0)M in the fourth quarter of 2018 and $6.0M for the first quarter of 2018.

For the first quarter of 2019, SAE stated net income attributable to SAExploration of $3.8M, or $0.50 basic income per share and $0.26 diluted income per share, contrast to a net loss attributable to SAExploration of $22.6M, or $(7.75) basic and diluted loss per share for the fourth quarter of 2018. For the first quarter of 2018, SAE stated a net loss attributable to SAExploration of $2.3M, or $(92.06) basic and diluted loss per share.

As of March 31, 2019, cash and cash equivalents totaled $9.1M, working capital was $19.4M, total debt at face value, not including net unamortized premiums or discounts, was $118.0M, and total stockholders’ equity was $21.2M.

Capital expenditures for the first quarter of 2019 were $0.3M contrast to $0.2M and $0.1M in the fourth and first quarters of 2018, respectively.

As of March 31, 2019, SAE’s backlog was $183.9M and offers outstanding totaled $431.9M.

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