Independence contract drilling, inc. reports financial results for the second quarter ended june 30, 2023

Houston , aug. 3, 2023 /prnewswire/ -- independence contract drilling, inc. (the "company" or "icd") (nyse: icd) today reported financial results for the three months ended june 30, 2023. second quarter 2023 highlights net loss, as defined below, of $4.2 million, or $0.30 per share adjusted net loss, as defined below, of $1.0 million, or $0.07 per share adjusted ebitda, as defined below, of $18.7 million adjusted net debt, as defined below, of $191.2 million 15.0 average rigs working during the quarter, excluding two average rigs earning revenue on an early termination basis fully burdened margin per day of $15,462 in the second quarter of 2023, the company reported revenues of $56.4 million, net loss of $4.2 million, or $0.30 per share, adjusted net loss (defined below) of $1.0 million, or $0.07 per share, and adjusted ebitda (defined below) of $18.7 million.
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