Enteq Upstream has posted an improved FY pretax loss of $1.1m, from a loss of $4.7m previously.
Its revenue was lower at $4.8m, from $6.3m. The company's cash balance was at $15.3m, from $15.1m.
"Enteq has maintained a sustainable business through difficult market conditions," said CEO Martin Perry.
"Core competencies remain, technical differentiation is being improved and market share maintained.
"The business is secure and ready to respond to growth opportunities around the world and in North America when market conditions allow."
At 9:28am: (LON:NTQ) Enteq Upstream share price was +1.5p at 24p