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SAExploration Holdings Inc

SAEX.OQ

Latest Trade

1.75USD

Change

0.01(+0.57%)

Volume

3,092

Today's Range

1.75

 - 

1.92

52 Week Range

1.44

 - 

7.66

As of on the NASDAQ ∙ Minimum 15 minute delay

Latest Developments

Saexploration Announces Entry Into Forbearance Agreements, Additional Advances Under Its Credit Agreement

Sept 24 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES ENTRY INTO FORBEARANCE AGREEMENTS, ADDITIONAL ADVANCES UNDER ITS CREDIT AGREEMENT AND REPAYMENT OF ITS 10% SENIOR NOTES DUE 2019.SAEXPLORATION HOLDINGS INC - CONTINUING ITS DISCUSSIONS WITH FORBEARING CREDITORS.SAEXPLORATION HOLDINGS INC - FORBEARANCE AGREEMENTS WILL EXPIRE ON EARLIER OF NOVEMBER 30 OR OTHERWISE TERMINATED.SAEXPLORATION HOLDINGS INC -IN DISCUSSIONS WITH CREDITORS REGARDING WAIVER OF EVENTS OF DEFAULT SPECIFIED IN FORBEARANCE AGREEMENTS.SAEXPLORATION HOLDINGS INC - FORBEARANCE AGREEMENTS WITH LENDERS REPRESENTING ABOUT 93% OF OUTSTANDING LOANS.SAEXPLORATION HOLDINGS - IF CO NOT SUCCESSFUL IN RECEIVING REQUESTED WAIVERS, IT WOULD LIKELY HAVE A MATERIAL ADVERSE EFFECT ON CO'S BUSINESS.

SAExploration Holdings Received Notice Of Delisting Or Failure To Satisfy A Continued Listing Rule Or Standard From Nasdaq On 16 Aug

Aug 22 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION HOLDINGS INC - ON 16 AUG, CO RECEIVED NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD FROM NASDAQ.SAEXPLORATION - DELIVERED NOTICES, CERTIFICATES TO TRUSTEES & AGENTS UNDER DEBT AGREEMENTS, NOTIFYING THEM OF EVENTS OF DEFAULT UNDER THE AGREEMENTS.SAEXPLORATION - EVENTS OF DEFAULT AROSE FROM NEED TO RESTATE CERTAIN OF THE COMPANY’S HISTORICAL FINANCIAL STATEMENTS, & CERTAIN RELATED DISCLOSURES.SAEXPLORATION HOLDINGS INC - IS WORKING AS EXPEDITIOUSLY AS POSSIBLE TO PREPARE RESTATEMENT AND RELATED DISCLOSURES.SAEXPLORATION HOLDINGS INC - IS WORKING AS EXPEDITIOUSLY AS POSSIBLE TO TO TAKE CERTAIN RELATED STEPS TO REMEDIATE THE RELATED MATERIAL WEAKNESSES.SAEXPLORATION- REQUESTED WAIVER OF EVENTS OF DEFAULT UNDER TERM LOAN AGREEMENT & ABL AGREEMENT, WILL BE REQUESTING COMPARABLE WAIVER UNDER INDENTURES.SAEXPLORATION-EXPECTS THAT IT WILL NOT BE ABLE TO TIMELY DELIVER UNAUDITED FINANCIAL STATEMENTS FOR MONTH ENDED JULY 30 OR MONTH ENDING AUG 31, 2019.SAEXPLORATION-REQUESTING THAT AGENTS, REQUIRED LENDERS UNDER TERM LOAN,ABL AGREEMENT CONSENT TO GRANTING ADDITIONAL TIME TO CO TO MAKE SUCH DELIVERIES.SAEXPLORATION- EVALUATING ALL OF OPTIONS TO ADDRESS MATURITY OF 10% NOTES, OF WHICH THERE WERE $7 MILLION OUTSTANDING AS OF MARCH 31, 2019, ON SEPT 24.

SAExploration Says Michael Faust has been named Chairman of Board

Aug 16 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES SEC INVESTIGATION; ESTABLISHMENT OF SPECIAL COMMITTEE; RESTATEMENT OF HISTORICAL FINANCIAL STATEMENTS; APPOINTMENT OF INTERIM CFO.APPOINTMENT OF INTERIM CFO.MICHAEL FAUST HAS BEEN NAMED CHAIRMAN OF BOARD, REPLACING JEFF HASTINGS.COMPANY EXPECTS TO NAME A NEW CHIEF EXECUTIVE OFFICER IN NEAR FUTURE.SAEXPLORATION-TO RESTATE PREVIOUSLY ISSUED FINANCIAL STATEMENTS FOR FY ENDED DEC.31 2015 - 2018 & FOR QTRS STARTING ENDED JUNE 30, 2015 - MARCH 31, 2019.AS A RESULT, FINANCIAL STATEMENTS FOR NON-RELIANCE PERIOD SHOULD NO LONGER BE RELIED UPON.KEVIN HUBBARD HAS BEEN NAMED INTERIM CHIEF FINANCIAL OFFICER, REPLACING BRENT WHITELEY, WHO HAS BEEN TERMINATED.SAYS WILL DELAY FILING ITS 10-Q FOR QUARTER ENDED JUNE 30, 2019.U.S SEC IS CONDUCTING AN INVESTIGATION OF COMPANY RELATING TO CERTAIN ACCOUNTING MATTERS THAT AROSE IN 2015-2016.SAEXPLORATION HOLDINGS - BOARD HAS ESTABLISHED SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO OVERSEE CO'S OWN INTERNAL INVESTIGATION, RESPONSE TO SEC.SAEXPLORATION HOLDINGS - BOARD'S DECISION TO RESTATE FINANCIAL STATEMENTS AROSE FROM RE-EVALUATION OF ITS RELATIONSHIP WITH ALASKA SEISMIC VENTURES.

SAExploration Holdings Files For Non Timely 10-Q

Aug 15 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION HOLDINGS, INC. FILES FOR NON TIMELY 10-Q - SEC FILING.SAEXPLORATION - SEC HAS BEEN CONDUCTING INVESTIGATION OF CO RELATING TO REVENUE RECOGNITION, ACCOUNTS RECEIVABLE, AND ADDITIONAL RELATED MATTERS.SAEXPLORATION - CO HAS BEEN COOPERATING, WILL CONTINUE TO COOPERATE WITH SEC AND HAS RETAINED LEGAL COUNSEL.SAEXPLORATION - ESTABLISHED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO THE COMPANY’S INVESTIGATION.SAEXPLORATION - CONCLUDED THAT SOME PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS CONTAINED MATERIAL MISSTATEMENTS AND SHOULD BE RESTATED.SAEXPLORATION - DETERMINED THAT MATERIAL WEAKNESS EXISTS IN THE COMPANY’S INTERNAL CONTROL OVER FINANCIAL REPORTING.

SAExploration Holdings Inc Files Prospectus Relating To Offer And Sale Of Up To 242,795 Shares Of Common Stock

May 29 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION HOLDINGS INC - FILES PROSPECTUS RELATING TO AN OFFER AND SALE OF UP TO 242,795 SHARES OF COMMON STOCK - SEC FILING.

Saexploration Announces Q1 Earnings Per Share $0.26

May 13 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES FIRST QUARTER 2019 UNAUDITED CONSOLIDATED FINANCIAL RESULTS.Q1 REVENUE ROSE 151.6 PERCENT TO $93.4 MILLION.Q1 EARNINGS PER SHARE $0.26.CONTRACTED BACKLOG OF $183.9 MILLION THROUGH Q1 2020.EXPECTS TO COMPLETE APPROXIMATELY 81% OF PROJECTS IN ITS BACKLOG AS OF MARCH 31, 2019 DURING REMAINDER OF 2019.

Saexploration Q4 Loss Per Share $7.75

March 25 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2018 CONSOLIDATED FINANCIAL RESULTS.Q4 REVENUE ROSE 428.6 PERCENT TO $25.6 MILLION.Q4 LOSS PER SHARE $7.75.AS OF DECEMBER 31, 2018, SAE'S BACKLOG WAS $184.9 MILLION.SAE CURRENTLY EXPECTS TO COMPLETE SUBSTANTIALLY ALL OF THE PROJECTS IN ITS BACKLOG AS OF DECEMBER 31, 2018 DURING 2019.

SAExploration Announces $60 Million Of New Projects In Alaska And Southeast Asia

March 7 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES $60 MILLION OF NEW PROJECTS IN ALASKA AND SOUTHEAST ASIA.SAEXPLORATION HOLDINGS - NEW ALASKA PROJECT IS EXPECTED TO BE A MULTI-SEASON PROGRAM, WITH SOME OPERATIONS DURING H1 2019 AND REMAINING IN Q1 2020.

Saexploration Holdings Files For Offering Of Up To 794,182 Shares Of Common Stock

Dec 10 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION HOLDINGS INC FILES FOR OFFERING OF UP TO 794,182 SHARES OF COMMON STOCK - SEC FILING.SAEXPLORATION HOLDINGS-IN ADDITION, OFFERING OF UP TO 14.63 MILLION COMMON SHARES ISSUABLE UPON CONVERSION OF 6% SENIOR SECURED CONVERTIBLE NOTES DUE 2023.SAEXPLORATION HOLDINGS-IN ADDITION, OFFERING OF UP TO 4.2 MILLION SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF WARRANTS.

SAExploration Holdings Q3 Loss Per Share $27.80

Nov 13 (Reuters) - SAExploration Holdings Inc <SAEX.O>::SAEXPLORATION ANNOUNCES THIRD QUARTER 2018 UNAUDITED CONSOLIDATED FINANCIAL RESULTS.Q3 REVENUE FELL 33.2 PERCENT TO $15 MILLION.Q3 LOSS PER SHARE $27.80.CONTRACTED BACKLOG OF $173.2 MILLION THROUGH 2019 AND $383.7 MILLION OF BIDS OUTSTANDING AS OF SEPTEMBER 30, 2018.EXPECTS INTEGRATION OF GEOKINETICS ASSET ACQUISITION WILL INVOLVE COST REDUCTIONS AND ASSET SALES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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