Business
GoldSpot Discoveries Reports Results for the Third Quarter of 2021
Consulting revenue up 29% for Q3 as compared to the same quarter last year Toronto, Ontar...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Reports Results for the Third Quarter of 2021Consulting revenue up 29% for Q3 as compared to the same quarter last yearToronto, Ontario--(Newsfile Corp. - November 29, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce the three and nine months ended September 30, 2021 unaudited interim consolidated financial results of the Company (the \"Financial Results\").\"Third quarter results highlight GoldSpot's accelerating revenue growth, driven by our team of over 70+ geoscience and data scientists through new and expanded client relationships while driving momentum through new SaaS tools and services,\" said Denis Laviolette, Executive Chairman and President of GoldSpot. \"In August, we closed our acquisition of Ridgeline, increasing our field logistics capability and with it, our client service menu which will enable GoldSpot to capture more deferred revenue as well as offer a more compelling value proposition. The launch of GoldSpot's Multi-Parameter Airborne Survey System is the first of many breakthrough products through Ridgeline and our clients are already taking advantage.\"\"GoldSpot delivered another solid quarter, powered by our AI client-focused decision-products growing 29% compared with the same quarter last year,\" said Vincent Dubé-Bourgeois, CEO of GoldSpot Discoveries. \"With a diversified portfolio of AI backed tools and services including our Smart Targeting program, our in-house software such as LithoLens and MinusOne, our Applied Geophysics division and more recently CEO.CA and Geotic, we are making the investments today to ensure we are well positioned for long-term growth.\"Highlights for the three-months period ended September 30, 2021:GoldSpot's common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (\"DTC\") in the United States. DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company that manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries.Closed the acquisition of Ridgeline Exploration Services Inc. (\"Ridgeline\"), a geological and logistical f...