EarthLabs Reports Results For The Third Quarter of 2023
EarthLabs Reports Results For The Third Quarter of 2023
- Announced the acquisition of the Northern Miner, Canadian Mining Journal and MINING.COM;
- Total signed advertising contracts YTD as of November 27, 2023 represent $2,764,000;
- Ended the quarter with total cash, cash equivalents, due from brokers and investments of $47,949,324.
- 宣布收购《北方矿业公司》、《加拿大矿业杂志》和《MINING.COM》；
- 截至2023年11月27日，年初至今签署的广告合同总额为276.4万美元；
- 本季度末，来自经纪商和投资的现金等价物总额为47,949,324美元。
Toronto, Ontario--(Newsfile Corp. - November 28, 2023) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) ("EarthLabs" or the "Company"), a leading mining investment and technology company, is pleased to announce the unaudited consolidated financial results for three and nine months ended September 30, 2023 of the Company (the "Financial Results").
安大略省多伦多--（Newsfile Corp.-2023 年 11 月 28 日）- EarthLabs Inc. (TSXV: SPOT) (OTCQX: SOFF) (”地球实验室“或者”公司“）是一家领先的矿业投资和技术公司，很高兴地宣布该公司截至2023年9月30日的三个月和九个月未经审计的合并财务业绩（”财务业绩“)。
"Amidst a challenging junior resource market, EarthLabs stands resilient, focusing on long-term strategic positioning," said Denis Laviolette, Executive Chairman and CEO of EarthLabs. "With the acquisition of key media assets and a robust investment and cash reserve, we're not just enduring the storm but redefining the landscape. Our portfolio, now enhanced with the Northern Miner, Canadian Mining Journal, and MINING.COM, empowers us to innovate and enhance the way information is shared in the mining sector. Our vision remains steadfast-EarthLabs is building a legacy in the mining investment and technology sphere."
EarthLabs执行董事长兼首席执行官丹尼斯·拉维奥莱特表示：“在充满挑战的初级资源市场中，EarthLabs保持弹性，专注于长期战略定位。”“通过收购关键媒体资产以及强劲的投资和现金储备，我们不仅在经受住风暴，而且正在重新定义格局。我们的产品组合现已通过《北方矿业》、《加拿大矿业杂志》和《MINING.COM》得到增强，使我们能够创新和增强采矿业共享信息的方式。我们的愿景仍然是Steadfast-EarthLabs正在矿业投资和技术领域树立遗产。”
Highlights for the three-months period ended September 30, 2023:
截至2023年9月30日的三个月期间的亮点：
- Advertising revenue of $440,430 as compared to $1,040,933 for the three months ended September 30, 2022;
- Net investment losses of $3,749,013 from our investment portfolio as compared to net investment losses of $3,747,401 for the three months ended September 30, 2022;
- Net loss from operations of $5,867,847 (basic loss per share of $0.04) as compared to net loss from operations of $3,818,176 (basic loss per share of $0.03) for the three months ended September 30, 2022;
- Net loss and comprehensive loss of $5,867,847 (basic loss per share of $0.04) as compared to net loss and comprehensive loss of $4,673,444 (basic loss per share of $0.04) for the three months ended September 30, 2022.
- 广告收入为440,430美元，而截至2022年9月30日的三个月为1,040,933美元；
- 我们的投资组合净投资亏损为3,749,013美元，而截至2022年9月30日的三个月，净投资亏损为3,747,401美元；
- 运营净亏损为5,867,847美元（每股基本亏损0.04美元），而截至2022年9月30日的三个月，运营净亏损为3,818,176美元（基本每股亏损0.03美元）；
- 净亏损和综合亏损为5,867,847美元（每股基本亏损0.04美元），而截至2022年9月30日的三个月，净亏损和综合亏损为4,673,444美元（每股基本亏损0.04美元）。
Highlights for the nine-months period ended September 30, 2023:
截至2023年9月30日的九个月期间的亮点：
- Completed the nine-month period with total cash and cash equivalents, due from brokers, investments and equity investments of $47,949,324 as compared to $52,546,191 as of December 31, 2022;
- Advertising revenue of $1,529,244 as compared to $1,646,605 for the nine months ended September 30, 2022;
- Net investment losses of $1,014,059 from our investment portfolio as compared to net investment losses of $12,089,495 for the nine months ended September 30, 2022;
- Net loss from operations of $5,403,056 (basic loss per share of $0.04) as compared to net loss from operations of $13,664,107 (basic loss per share of $0.10) for the nine months ended September 30, 2022;
- Net loss and comprehensive loss of $5,403,056 (basic loss per share of $0.04) as compared to net loss and comprehensive loss of $14,194,686 (basic loss per share of $0.10) for the nine months ended September 30, 2022.
- Subsequent to September 30, 2023, the Company announced that it has entered into a definitive agreement with Glacier Media Inc. and its wholly-owned subsidiary Glacier Rig Ltd. under which EarthLabs will acquire The Northern Miner Group ("TNM Group"), a leading group of mining media brands including The Northern Miner ("TNM"), Canadian Mining Journal ("CMJ") and MINING.COM. The consideration for the acquisition of the TNM Group consists of the aggregate cash payment of $4,000,000, subject to working capital adjustments. There are no finder's fees associated with the acquisition and the Company is not assuming any material debt from Glacier Rig Ltd. The acquisition is expected to close before December 1, 2023, and remains subject to customary closing conditions and the approval of the TSX Venture Exchange.
- 九个月期结束时，经纪商、投资和股权投资到期的现金及现金等价物总额为47,949,324美元，而截至2022年12月31日为52,546,191美元；
- 广告收入为1,529,244美元，而截至2022年9月30日的九个月为1,646,605美元；
- 我们的投资组合净投资亏损为1,014,059美元，而截至2022年9月30日的九个月的净投资亏损为12,089,495美元；
- 运营净亏损为5,403,056美元（基本每股亏损0.04美元），而截至2022年9月30日的九个月中，运营净亏损为13,664,107美元（基本每股亏损0.10美元）；
- 净亏损和综合亏损为5,403,056美元（每股基本亏损0.04美元），而截至2022年9月30日的九个月的净亏损和综合亏损为14,194,686美元（每股基本亏损0.10美元）。
- 2023年9月30日之后，该公司宣布已与Glacier Media Inc.及其全资子公司Glacier Rig Ltd.签订了最终协议，根据该协议，EarthLabs将收购北方矿业集团（“TNM集团”），该集团是包括北方矿工（“TNM”）、《加拿大矿业杂志》（“CMJ”）和MINING.COM在内的领先矿业媒体品牌。收购TNM集团的对价包括4,000,000美元的现金支付总额，但须视营运资本调整而定。此次收购不收取任何与收购相关的发现者费用，该公司也没有承担Glacier Rig Ltd的任何重大债务。此次收购预计将在2023年12月1日之前完成，仍需遵守惯例成交条件和多伦多证券交易所风险交易所的批准。
Summary of financial results
财务业绩摘要
The following are selected unaudited consolidated financial results as at and for the three and nine months ended September 30, 2023, with comparatives:
以下是截至2023年9月30日的三个月和九个月中截至2023年9月30日的未经审计的部分合并财务业绩及比较结果：
| Interim condensed consolidated statements of loss and comprehensive loss highlights | Three months ended September 30, |
Nine months ended September 30, |
||||||
| 2023 | 2022 | 2023 | 2022 | |||||
| Advertising revenue | $ | 440,430 | $ | 1,040,933 | $ | 1,529,244 | $ | 1,646,605 |
| Subscriptions revenue | 212,268 | 237,175 | 645,291 | 771,226 | ||||
| Sales of exploration maps | 49,929 | 52,600 | 189,428 | 186,050 | ||||
| Net investment losses | (3,749,013) | (3,747,401) | (1,014,059) | (12,089,495) | ||||
| Other income | 234,629 | 32,118 | 735,380 | 151,369 | ||||
| Total expenses | (3,778,379) | (2,259,735) | (8,361,843) | (6,793,164) | ||||
| Loss from equity investment | (14,821) | (238,053) | (90,854) | (390,355) | ||||
| Deemed gain on disposition of equity investment | - | - | - | 407,790 | ||||
| Income tax recovery | 737,110 | 1,064,187 | 964,357 | 2,445,867 | ||||
| Net loss from operations for the period | (5,867,847) | (3,818,176) | (5,403,056) | (13,664,107) | ||||
| Net loss from discontinued operations for the period | - | (855,268) | - | (530,579) | ||||
| Net loss and comprehensive loss for the period | (5,867,847) | (4,673,444) | (5,403,056) | (14,194,686) | ||||
| Loss per common share for the period - basic and diluted |
(0.04) | (0.04) | (0.04) | (0.10) | ||||
| 中期简明合并亏损报表和综合亏损报表摘要 |
三个月已结束 9月30日 |
九个月已结束 9月30日 |
||||||
| 2023 | 2022 | 2023 | 2022 | |||||
| 广告收入 | $ | 440,430 | $ | 1,040,933 | $ | 1,529,244 | $ | 1,646,605 |
| 订阅收入 | 212,268 | 237,175 | 645,291 | 771,226 | ||||
| 探险地图的销售 | 49,929 | 52,600 | 189,428 | 186,050 | ||||
| 净投资损失 | (3,749,013) | (3,747,401) | (1,014,059) | (12,089,495) | ||||
| 其他收入 | 234,629 | 32,118 | 735,380 | 151,369 | ||||
| 支出总额 | (3,778,379) | (2,259,735) | (8,361,843) | (6,793,164) | ||||
| 股权投资亏损 | (14,821) | (238,053) | (90,854) | (390,355) | ||||
| 股权投资处置的视同收益 | - | - | - | 407,790 | ||||
| 所得税追回 | 737,110 | 1,064,187 | 964,357 | 2,445,867 | ||||
| 该期间的运营净亏损 | (5,867,847) | (3,818,176) | (5,403,056) | (13,664,107) | ||||
| 该期间已终止业务的净亏损 | - | (855,268) | - | (530,579) | ||||
| 该期间的净亏损和综合亏损 | (5,867,847) | (4,673,444) | (5,403,056) | (14,194,686) | ||||
| 该期间普通股每股亏损——基本和 稀释 |
(0.04) | (0.04) | (0.04) | (0.10) | ||||
| Interim condensed consolidated statements of financial position highlights |
September 30, 2023 |
December 31, 2022 | ||
| Cash and cash equivalents | $ | 14,376,041 | $ | 25,346,049 |
| Due from brokers | 398,682 | 3,180,098 | ||
| Accounts receivable, net of expected credit losses | 59,840 | 116,214 | ||
| Investments, at fair value | 31,019,579 | 21,774,168 | ||
| Equity investment | 2,155,022 | 2,245,876 | ||
| Income tax receivable | 684,585 | - | ||
| Intangible Assets | 7,511,360 | 8,105,504 | ||
| Goodwill | 2,210,980 | 2,210,980 | ||
| Total assets | 58,717,763 | 63,271,860 | ||
| Accounts payable and accrued liabilities | 794,478 | 1,002,120 | ||
| Deferred revenue | 1,705,081 | 1,004,440 | ||
| Income tax payable | 8,188 | 1,017,408 | ||
| Deferred tax liabilities | 1,247,768 | 1,572,001 | ||
| Total liabilities | 3,926,477 | 5,176,033 | ||
| Share capital, contributed surplus, and warrants | 52,133,383 | 50,034,868 | ||
| Retained earnings | 2,657,903 | 8,060,959 |
| 中期简明合并财务报表 职位亮点 |
9月30日 2023 |
2022年12月31日 | ||
| 现金和现金等价物 | $ | 14,376,041 | $ | 25,346,049 |
| 经纪人欠款 | 398,682 | 3,180,098 | ||
| 应收账款，扣除预期信贷损失 | 59,840 | 116,214 | ||
| 按公允价值计算的投资 | 31,019,579 | 21,774,168 | ||
| 股权投资 | 2,155,022 | 2,245,876 | ||
| 应收所得税 | 684,585 | - | ||
| 无形资产 | 7,511,360 | 8,105,504 | ||
| 善意 | 2,210,980 | 2,210,980 | ||
| 总资产 | 58,717,763 | 63,271,860 | ||
| 应付账款和应计负债 | 794,478 | 1,002,120 | ||
| 递延收入 | 1,705,081 | 1,004,440 | ||
| 应缴所得税 | 8,188 | 1,017,408 | ||
| 递延所得税负债 | 1,247,768 | 1,572,001 | ||
| 负债总额 | 3,926,477 | 5,176,033 | ||
| 股本、出资盈余和认股权证 | 52,133,383 | 50,034,868 | ||
| 留存收益 | 2,657,903 | 8,060,959 |
About EarthLabs Inc.
关于 EarthLabs Inc.
EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) is a mining investment and technology company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services.
EarthLabs Inc.（多伦多证券交易所股票代码：SPOT）（场外交易代码：SPOF）是一家矿业投资和技术公司，旨在通过投资、特许权使用费和全套数据驱动的媒体SaaS工具和服务，为金属和采矿业提供战略杠杆作用。
For further information please contact:
欲了解更多信息，请联系：
Denis Laviolette
Executive Chairman and CEO
EarthLabs Inc.
Tel: 647-345-7768
Email: investors@earthlabs.com
丹尼斯·拉维奥莱特
执行董事长兼首席执行官
EarthLabs Inc.
电话：647-345-7768
电子邮件：investors@earthlabs.com
Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险交易所（“TSXV”）、场外最佳市场（“OTCQX”）及其监管服务提供商（该术语在多伦多证券交易所政策中定义）均不对本新闻稿的充分性或准确性承担责任。
Cautionary Statement on Forward-Looking Information
关于前瞻性信息的警示声明
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, factors effecting the Company's investees such as the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
没有任何证券交易所、证券委员会或其他监管机构批准或不批准此处包含的信息。本新闻稿包含前瞻性信息，涉及风险、不确定性和其他因素，这些因素可能导致实际事件、业绩、业绩、前景和机会与此类前瞻性信息所表达或暗示的内容存在重大差异。本新闻稿中的前瞻性信息包括但不限于公司的目标、目标或未来计划、有关勘探结果和勘探计划的陈述。可能导致实际业绩与此类前瞻性信息存在重大差异的因素包括但不限于与估计值相差很大的资本和运营成本、与未来所需融资的可用性和成本相关的不确定性、股票市场的变化、通货膨胀、影响公司被投资者的因素，例如冶金测试结果的初步性质、延迟获得或未能获得所需的政府、环境或其他项目批准、大宗商品价格的波动，项目开发的延误以及矿产勘探和开发行业所涉及的其他风险，以及公司在SEDAR上提交的公开文件中列出的风险。尽管公司认为在本新闻稿中准备前瞻性信息时使用的假设和因素是合理的，但不应过分依赖此类信息，这仅适用于本新闻稿发布之日，也无法保证此类事件将在披露的时间范围内发生或根本无法保证。除非法律要求，否则公司不打算或义务更新或修改任何前瞻性信息，无论是由于新信息、未来事件还是其他原因。
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