Borr Drilling Limited Announces Preliminary Results for the Fourth Quarter of 2021
Hamilton, Bermuda, February 16, 2022: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces preliminary unaudited results for the three and twelve months ended December 31, 2021. Highlights Fourth Quarter of 2021 · Total operating revenues of $69.1 million, a decrease of $3.9 million (5%) compared to the third quarter of 2021 · Net loss of $46.1 million, an increase of $13.5 million compared to the loss in the third quarter of 2021 · Cash and cash equivalents of $34.9 million and restricted cash of $11.1 million at the end of the fourth quarter of 2021,