Q1 revenue fell to $313m (-45% yoy), well below consensus estimates at $445m. The operating loss was $81m (vs. $18m profit in Q1 15). The net loss was $130m (vs. -$55m in Q1 15). By division: Equipment: revenue was $73m (-42% yoy), impacted by low volumes. The operating loss was $11m (vs. nil in Q4 15; affected, as in Q4 15, by low volumes and a low-tech product mix); Contractual data acquisition: revenue came in at $89m (-59% yoy; 66% in Marine); the operating loss was $34m; GGR revenu
