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Geodrill (TSE:GEO)
TSX:GEO
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -3.87%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Geodrill had a strong fiscal year with record revenues and profit margins, successful strategic expansions, and a bullish outlook on future growth driven by high gold prices. However, the need to pull out from high-risk jurisdictions and the high level of capital expenditure highlight some challenges. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
In the fiscal 2024 results conference call for Geodrill, the company reported a 10% increase in revenue, reaching $143.1 million, up from $130.5 million in 2023. Greg Borsk, CFO, noted a gross profit of $34.7 million, comprising 24% of revenue, compared to 23% in the previous year. EBITDA was $31.1 million, accounting for 22% of revenue, up significantly from $20.6 million or 16% of revenue in 2023. Net income soared to $9.1 million or $0.20 per share, compared to $3.8 million or $0.08 per share last year. The company invested nearly $21 million, mainly in property, plant, and equipment, reflecting its focus on growth, with 95 drill rigs by year-end. Geodrill's strategic pivot into safer jurisdictions and securing multi-rig contracts in West Africa, Egypt, and South America bolstered revenue visibility for the next three to five years. Looking forward, the management expressed optimism for 2025, aiming for a 10-15% growth rate, driven by robust gold prices and strong demand in their core markets.Record Revenue and Profit Margins
Geodrill achieved record revenues of $143.1 million in 2024, marking a 10% increase from the previous year. The gross profit margin improved to 24% from 23%, and EBITDA increased significantly to $31.1 million or 22% of revenue.
Successful Strategic Expansion
The company strategically expanded into new markets including Egypt and South America, and secured multi-rig contracts in these regions and West Africa, boosting revenue visibility for the next three to five years.
Strong Cash Flow and Investment in Growth
Geodrill generated $21 million in cash flow from operations and reinvested almost the entire amount into property, plant, and equipment, preparing for an extremely busy 2025.
Bullish Outlook on Gold and Market Position
With gold prices near record highs and increased demand, Geodrill is well-positioned for future growth and considers the next four years to be the most promising in the company's history.
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TSE:GEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | C$3.10 | C$3.09 | -0.32% |
| Nov 11, 2024 | C$2.88 | C$2.87 | -0.35% |
| Aug 12, 2024 | C$2.40 | C$2.74 | +14.17% |
| May 13, 2024 | C$2.07 | C$2.28 | +10.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Geodrill (TSE:GEO) report earnings?
Geodrill (TSE:GEO) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Geodrill (TSE:GEO) earnings time?
Geodrill (TSE:GEO) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GEO EPS forecast?
TSE:GEO EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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