Independence contract drilling, inc. reports financial results for the first quarter ended march 31, 2024

Houston , may 1, 2024 /prnewswire/ -- independence contract drilling, inc. (the "company" or "icd") (nyse: icd) today reported financial results for the three months ended march 31, 2024. first quarter 2024 highlights net loss of $9.0 million, or $0.62 per share adjusted net loss, as defined below, of $7.3 million, or $0.50 per share adjusted ebitda, as defined below, of $11.8 million adjusted net debt, as defined below, of $190.3 million 15.1 average rigs working during the quarter fully burdened margin per day of $11,829 in the first quarter of 2024, the company reported revenues of $46.6 million, net loss of $9.0 million, or $0.62 per share, adjusted net loss (defined below) of $7.3 million, or $0.50 per share, and adjusted ebitda (defined below) of $11.8 million.
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