Business
GoldSpot Discoveries Reports Results for the Fourth Quarter and Fiscal Year 2021
GoldSpot's consulting revenue up 25% over last year's Q4; up 64% for 2021 compared with last ...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Reports Results for the Fourth Quarter and Fiscal Year 2021GoldSpot's consulting revenue up 25% over last year's Q4; up 64% for 2021 compared with last yearWorld-class technical team increases 124% to 56 subject matter experts to cover sub-disciplines of geology and Artificial IntelligenceAcquisitions of Ridgeline, Geotic & CEO.CA bolster GoldSpot's client offerings across the mining value chain R&D investments yield benefits as in-house technologies come online for new client projects Highest annual client increase to date and increasing requests for training courses emphasize GoldSpot's global thought leadership position in technology and mineral exploration, as mining industry faces growing skills and labour shortages Toronto, Ontario--(Newsfile Corp. - April 29, 2022) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology company leveraging artificial intelligence and data science to transform the mineral discovery process, is pleased to announce the three months and year ended December 2021 consolidated financial results of the Company (the \"Financial Results\").\"2021 was a transformational year for GoldSpot,\" said Denis Laviolette, Executive Chairman and President of GoldSpot Discoveries. \"Our acquisitions solidified our commitment to introduce licensable software products with recurring revenue streams using AI and Geoscience. Moreover, it facilitated GoldSpot's platform expansion strategy with new tools and resources for the mining and exploration sector. The Company's progress to date is a testament to the strength of the entire GoldSpot team. 2022 will bring further evolution to the technology portfolio and additional recruitment to strengthen our subsidiaries and support our growing client base as we work to define the next generation of mineral explorers.\"Highlights for the three-month period ended December 31, 2021:AcquisitionsClosed the acquisition of CEO.CA Technologies Ltd. (\"CEO.CA\"), a leading and rapidly growing investment social network and centralized resource hub used by over 9 million corporate executives, institutional and retail investors with deep roots in the mining industry among other sectors.Closed the acquisition of Geotic Inc. (\"Geotic\"), an award-winning provider of mining industry software including g...