Thread regarding CGG Veritas layoffs

Million dollars a day

Magic money tree losing 93M dollars in Q3. How long can it last?

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Post ID: @OP+1dD6umtM

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There's no chance cgg will be able to repay its debt from its operations.

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Post ID: @5raq+1dD6umtM

Still $1billion in debt though … servicing this with rising interest rates will be fun!

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Post ID: @1bbi+1dD6umtM

$93M loss was in Q3 2020. Q3 2021 lost $17M - a good improvement nevertheless.

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Post ID: @1pep+1dD6umtM

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