11:36 AM EST, 03/03/2025 (MT Newswires) -- (Updates shares.)

Geodrill ( GEODF ) on Monday reported a narrower fourth-quarter loss that missed analyst estimates.

The company posted a loss of US$499,000, or US$0.01 per share, for the period, compared with a year-ago loss of US$1.4 million, or US$0.03. 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, above the 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.

The company's shares were last seen up $0.13 to $3.23 on the Toronto Stock Exchange.

Price: 3.23, Change: +0.13, Percent Change: +4.19