We believe our proactive approach and expertise in the mining sector positions us well to benefit from the positive shifts in the market and deliver value for our shareholders." As an investment company, we continuously monitor market conditions and strategically structure our portfolio to capitalize on emerging opportunities and maximize returns when the market recovers. "However, our resolve was validated in December as the market and our portfolio began to rebound. "Last year, the mining stock market faced extremely challenging conditions," said Denis Laviolette. Net loss and comprehensive loss of $6,845,009 (basic loss per share of $0.05) as compared to net income and comprehensive income of $11,040,967 (basic earnings per share of $0.10) for the year ended December 31, 2021.Realized gains from disposition of subsidiaries and assets of $20,445,301, net of taxes, offset by net loss from discontinued operations of $679,473 (basic earnings per share of $0.15) as compared to realized gains from disposition of subsidiary of $7,659,798 and net income from discontinued operations of $1,114,200 (basic earnings per share of $0.08) for the year ended Decem.Net investment losses of $11,062,919 from our investment portfolio as compared to net investment gains of $7,139,069 for the year ended Decem.and DigiGeoData, the Company had advertising and subscriptions revenue of $4,017,064, and sales of exploration maps of $286,324 as compared to advertising and subscriptions of $438,773 for the year ended Decem For the current year, from its recent acquisitions of CEO.CA Technologies Ltd.Completed the year with total cash and cash equivalents, due from brokers, investments and equity investments of $52,546,191 as compared to $50,337,817 as at Decem.("DigiGeoData"), a mineral resource intelligence data subscription and map service company Closed the acquisition of DigiGeoData Inc. Highlights for the twelve-months period ended Decemincluding an 189.7% increase in Advertising and Subscription Revenue from 2021, on annualized basis: Net income and comprehensive income of $7,349,677 (basic earnings per share of $0.06) as compared to $2,190,516 (basic earnings per share of $0.02) for the three months ended December 31, 2021.Realized gains from disposition of subsidiaries and assets of $20,445,301, net of tax, offset by net loss from discontinued operations of $148,894 (basic earnings per share of $0.15) as compared to net loss from discontinued operations of $571,733 (basic loss per share of $0.00) for the three months ended Decem.Net investment gains of $1,026,576 from our investment portfolio as compared to $3,581,506 for the three months ended Decem.and DigiGeoData, the Company had advertising and subscriptions revenue of $1,599,233, and sales of exploration maps of $100,274 as compared to advertising and subscriptions of $438,773 for the three months ended Decem For the current period, from its recent acquisitions of CEO.CA Technologies Ltd.Closed the sale of the Exploration Technology Division to ALS GoldSpot Discoveries Ltd.Highlights for the three-months period ended December 31, 2022: We look forward to building on this momentum and delivering even stronger results in the coming year." Despite market challenges, we remain committed to our new goal of maximizing torque to the junior resource sector for our shareholders through strategic investments and innovative technology offerings. "Our acquisitions of CEO.CA Technologies and DigiGeoData have significantly boosted our advertising and subscriptions revenue while the sale of our Exploration Technology Division has allowed us to focus on core growth areas. "2022 marked a pivotal year for EarthLabs as we continued to evolve and expand our business," said Denis Laviolette, Executive Chairman and CEO of EarthLabs. ( TSXV: SPOT) ( OTCQX: SPOFF) (" EarthLabs" or the " Company"), a leading mineral exploration technology and investment company, is pleased to announce the consolidated financial results for three months and year ended December 2022 of the Company (the " Financial Results"). Sale of the Exploration Technology Division to ALS GoldSpot streamlines operations and reduces R&D and G&A expenses, creating a leaner autonomous product portfolio.Ended the year with total cash, cash equivalents, and investments of $52.5M.189.7% increase in total advertising and subscription revenue compared to 2021, on an annualized basis.
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