08:33 AM EST, 03/03/2025 (MT Newswires) -- Geodrill ( GEODF ) on Monday reported a narrower fourth-quarter net loss that missed analyst estimates.

The company posted a net loss of US$499,000, or US$0.01 per share, for the three months ended Dec. 31, compared with a year-ago loss of US$1.4 million, or US$0.03 per share. The analyst consensus estimate compiled by FactSet expected Geodrill ( GEODF ) to book a profit of US$0.04 per share.

Revenue rose to US$33.1 million, up from US$30.1 million last year and above the analyst consensus sales estimate of US$32.2 million compiled by FactSet.

EBITDA jumped to US$6.1 million from US$3.3 million.

"We believe the high demand for our drilling services, fueled by robust gold prices, strong global exploration spending and strong fundamentals positions us to deliver sustained growth and exceptional value to shareholders in 2025," Chief Financial Officer Greg Borsk said.