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.
- 宣佈收購《北方礦業公司》、《加拿大礦業雜誌》和《MINING.COM》；
- 截至2023年11月27日，年初至今簽署的廣告合同總額爲276.4萬美元；
- 本季度末，來自經紀商和投資的現金等價物總額爲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").
安大略省多倫多--（Newsfile Corp.-2023 年 11 月 28 日）- EarthLabs Inc. (TSXV: SPOT) (OTCQX: SOFF) (”地球實驗室“或者”公司“）是一家領先的礦業投資和技術公司，很高興地宣佈該公司截至2023年9月30日的三個月和九個月未經審計的合併財務業績（”財務業績“)。
"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執行董事長兼首席執行官丹尼斯·拉維奧萊特表示：“在充滿挑戰的初級資源市場中，EarthLabs保持彈性，專注於長期戰略定位。”“通過收購關鍵媒體資產以及強勁的投資和現金儲備，我們不僅在經受住風暴，而且正在重新定義格局。我們的產品組合現已通過《北方礦業》、《加拿大礦業雜誌》和《MINING.COM》得到增強，使我們能夠創新和增強採礦業共享信息的方式。我們的願景仍然是Steadfast-EarthLabs正在礦業投資和技術領域樹立遺產。”
Highlights for the three-months period ended September 30, 2023:
截至2023年9月30日的三個月期間的亮點：
- 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.
- 廣告收入爲440,430美元，而截至2022年9月30日的三個月爲1,040,933美元；
- 我們的投資組合淨投資虧損爲3,749,013美元，而截至2022年9月30日的三個月，淨投資虧損爲3,747,401美元；
- 運營淨虧損爲5,867,847美元（每股基本虧損0.04美元），而截至2022年9月30日的三個月，運營淨虧損爲3,818,176美元（基本每股虧損0.03美元）；
- 淨虧損和綜合虧損爲5,867,847美元（每股基本虧損0.04美元），而截至2022年9月30日的三個月，淨虧損和綜合虧損爲4,673,444美元（每股基本虧損0.04美元）。
Highlights for the nine-months period ended September 30, 2023:
截至2023年9月30日的九個月期間的亮點：
- 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.
- 九個月期結束時，經紀商、投資和股權投資到期的現金及現金等價物總額爲47,949,324美元，而截至2022年12月31日爲52,546,191美元；
- 廣告收入爲1,529,244美元，而截至2022年9月30日的九個月爲1,646,605美元；
- 我們的投資組合淨投資虧損爲1,014,059美元，而截至2022年9月30日的九個月的淨投資虧損爲12,089,495美元；
- 運營淨虧損爲5,403,056美元（基本每股虧損0.04美元），而截至2022年9月30日的九個月中，運營淨虧損爲13,664,107美元（基本每股虧損0.10美元）；
- 淨虧損和綜合虧損爲5,403,056美元（每股基本虧損0.04美元），而截至2022年9月30日的九個月的淨虧損和綜合虧損爲14,194,686美元（每股基本虧損0.10美元）。
- 2023年9月30日之後，該公司宣佈已與Glacier Media Inc.及其全資子公司Glacier Rig Ltd.簽訂了最終協議，根據該協議，EarthLabs將收購北方礦業集團（“TNM集團”），該集團是包括北方礦工（“TNM”）、《加拿大礦業雜誌》（“CMJ”）和MINING.COM在內的領先礦業媒體品牌。收購TNM集團的對價包括4,000,000美元的現金支付總額，但須視營運資本調整而定。此次收購不收取任何與收購相關的發現者費用，該公司也沒有承擔Glacier Rig Ltd的任何重大債務。此次收購預計將在2023年12月1日之前完成，仍需遵守慣例成交條件和多倫多證券交易所風險交易所的批准。
Summary of financial results
財務業績摘要
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日的三個月和九個月中截至2023年9月30日的未經審計的部分合並財務業績及比較結果：
| 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) | ||||
| 中期簡明合併虧損報表和綜合虧損報表摘要 |
三個月已結束 9月30日 |
九個月已結束 9月30日 |
||||||
| 2023 | 2022 | 2023 | 2022 | |||||
| 廣告收入 | $ | 440,430 | $ | 1,040,933 | $ | 1,529,244 | $ | 1,646,605 |
| 訂閱收入 | 212,268 | 237,175 | 645,291 | 771,226 | ||||
| 探險地圖的銷售 | 49,929 | 52,600 | 189,428 | 186,050 | ||||
| 淨投資損失 | (3,749,013) | (3,747,401) | (1,014,059) | (12,089,495) | ||||
| 其他收入 | 234,629 | 32,118 | 735,380 | 151,369 | ||||
| 支出總額 | (3,778,379) | (2,259,735) | (8,361,843) | (6,793,164) | ||||
| 股權投資虧損 | (14,821) | (238,053) | (90,854) | (390,355) | ||||
| 股權投資處置的視同收益 | - | - | - | 407,790 | ||||
| 所得稅追回 | 737,110 | 1,064,187 | 964,357 | 2,445,867 | ||||
| 該期間的運營淨虧損 | (5,867,847) | (3,818,176) | (5,403,056) | (13,664,107) | ||||
| 該期間已終止業務的淨虧損 | - | (855,268) | - | (530,579) | ||||
| 該期間的淨虧損和綜合虧損 | (5,867,847) | (4,673,444) | (5,403,056) | (14,194,686) | ||||
| 該期間普通股每股虧損——基本和 稀釋 |
(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 |
| 中期簡明合併財務報表 職位亮點 |
9月30日 2023 |
2022年12月31日 | ||
| 現金和現金等價物 | $ | 14,376,041 | $ | 25,346,049 |
| 經紀人欠款 | 398,682 | 3,180,098 | ||
| 應收賬款，扣除預期信貸損失 | 59,840 | 116,214 | ||
| 按公允價值計算的投資 | 31,019,579 | 21,774,168 | ||
| 股權投資 | 2,155,022 | 2,245,876 | ||
| 應收所得稅 | 684,585 | - | ||
| 無形資產 | 7,511,360 | 8,105,504 | ||
| 善意 | 2,210,980 | 2,210,980 | ||
| 總資產 | 58,717,763 | 63,271,860 | ||
| 應付賬款和應計負債 | 794,478 | 1,002,120 | ||
| 遞延收入 | 1,705,081 | 1,004,440 | ||
| 應繳所得稅 | 8,188 | 1,017,408 | ||
| 遞延所得稅負債 | 1,247,768 | 1,572,001 | ||
| 負債總額 | 3,926,477 | 5,176,033 | ||
| 股本、出資盈餘和認股權證 | 52,133,383 | 50,034,868 | ||
| 留存收益 | 2,657,903 | 8,060,959 |
About EarthLabs Inc.
關於 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.（多倫多證券交易所股票代碼：SPOT）（場外交易代碼：SPOF）是一家礦業投資和技術公司，旨在通過投資、特許權使用費和全套數據驅動的媒體SaaS工具和服務，爲金屬和採礦業提供戰略槓桿作用。
For further information please contact:
欲了解更多信息，請聯繫：
Denis Laviolette
Executive Chairman and CEO
EarthLabs Inc.
Tel: 647-345-7768
Email: investors@earthlabs.com
丹尼斯·拉維奧萊特
執行董事長兼首席執行官
EarthLabs Inc.
電話：647-345-7768
電子郵件：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.
多倫多證券交易所風險交易所（“TSXV”）、場外最佳市場（“OTCQX”）及其監管服務提供商（該術語在多倫多證券交易所政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Statement on Forward-Looking Information
關於前瞻性信息的警示聲明
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.
沒有任何證券交易所、證券委員會或其他監管機構批准或不批准此處包含的信息。本新聞稿包含前瞻性信息，涉及風險、不確定性和其他因素，這些因素可能導致實際事件、業績、業績、前景和機會與此類前瞻性信息所表達或暗示的內容存在重大差異。本新聞稿中的前瞻性信息包括但不限於公司的目標、目標或未來計劃、有關勘探結果和勘探計劃的陳述。可能導致實際業績與此類前瞻性信息存在重大差異的因素包括但不限於與估計值相差很大的資本和運營成本、與未來所需融資的可用性和成本相關的不確定性、股票市場的變化、通貨膨脹、影響公司被投資者的因素，例如冶金測試結果的初步性質、延遲獲得或未能獲得所需的政府、環境或其他項目批准、大宗商品價格的波動，項目開發的延誤以及礦產勘探和開發行業所涉及的其他風險，以及公司在SEDAR上提交的公開文件中列出的風險。儘管公司認爲在本新聞稿中準備前瞻性信息時使用的假設和因素是合理的，但不應過分依賴此類信息，這僅適用於本新聞稿發佈之日，也無法保證此類事件將在披露的時間範圍內發生或根本無法保證。除非法律要求，否則公司不打算或義務更新或修改任何前瞻性信息，無論是由於新信息、未來事件還是其他原因。
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