Getech Group plc (GB:GTC) has released an update.
Getech Group plc, a leader in subsurface resource location, reports mixed financial results for 2023 with a revenue of £4 million, down from £5.1 million the previous year, while maintaining its order book and increasing annual recurring revenue. The company has seen significant restructuring and strategic refocusing on its core competencies in geoscience, leading to new partnerships and advances in AI and machine learning for resource exploration. Getech also anticipates a positive outlook for 2024 with early signs of revenue growth and ongoing development of its critical mineral and natural hydrogen exploration capabilities.
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