As of June 24, 2013, Trio Merger Corp. was acquired by SAExploration Holdings, Inc. in a reverse merger transaction. SAExploration Holdings, Inc., a geophysical services company, provides seismic data acquisition services to the oil and gas industry in North America, South America, and Southeast Asia. The company offers a range of services related to the acquisition of 2D, 3D, and 3C (Multi-Component) seismic data projects on land, in transition zones between land and water, and in shallow water. Its 2D, 3D and 4D seismic data services, include surveying, program design, logistical support, data acquisition, processing, camp services, catering, environmental assessment, and community relatio...
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Trio Merger Corp., Special/Extraordinary Shareholders Meeting, Jun 21, 2013
May 31 13
Trio Merger Corp., Special/Extraordinary Shareholders Meeting, Jun 21, 2013., at 15:00 US Eastern Standard Time. Location: The offices of Graubard Miller.
Trio Merger Corp. Announces Preliminary, Unaudited Financial Results for the First Quarter Ended March 31, 2013
May 22 13
Trio Merger Corp. announced preliminary, unaudited financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $84.8 million, a 37.2% increase from $61.8 million in the comparable prior year period. Higher revenue growth was primarily due to continued success in the Canadian market and increased project activity in Colombia and Papua New Guinea. Operating income was $10.9 million, an increase of 16.0% from $9.4 million in first quarter of 2012. This was due primarily to the increased revenue growth in first quarter of 2013. Net income decreased from $7.8 million to $4.9 million or 37.2% because of significantly higher depreciation and interest expense. Modified EBITDA was $14.1 million, a 14.3% increase from $12.3 million in first quarter of 2012.