Euronext Growth – Received application for admission to trading – Argeo AS

Apr 12, 2021 | News

Euronext Growth – Received application for admission to trading

Oslo Børs has received an application for admission to trading on Euronext Growth from Argeo AS.

Company information:
Name: Argeo AS
Ticker: ARGEO
ISIN: NO0010946593

Argeo is approaching another milestone on our mission to transform a global industry with new and innovative ocean space solutions.

Our aim is to lead the ocean space mapping and inspection industry through robotization, the use of new sensors and improved imaging technologies, and AI-based data processing and management solutions.

Photo: Ivan Kverme, courtesy of Finansavisen

Argeo is a company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, these autonomous underwater vehicles (“AUV’s”) will significantly increase efficiency and imaging quality in addition to contribute to substantially reduce CO2 emissions from operations for this global industry. The company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas and Deep Sea Minerals. Argeo was established in 2017 and has offices in Asker and Tromsø, Norway. Since the start-up, Argeo have carried out complex projects for some of Norway’s largest companies in the field.”

Fourth-quarter and unaudited full-year 2024 results

Fourth-quarter and unaudited full-year 2024 results

Revenue for Q4 amounted to USD 5.4 million, marking an increase of 440% year-over-year (YoY). EBITDA amounted to USD -5.7 million, alongside an EBIT of USD -7.9 million. Net profit for the quarter was USD -8.5 million, improving from USD -9.4 million in Q4 2023....