Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three and twelve months ended December 31, 2023. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Highlights for Fiscal 2023: Generated revenue of $130.5M compared to $138.6M, a 6% decrease compared to Fiscal 2022; Recorded net income of $3.8M, or $0.08 per share compared to $18.8M, or $0.41 per share in Fiscal 2022; Generated EBITDA of $20.6M, or 16% of revenue, compared to $38.4M, or 28% of revenue for Fiscal 2022; Ended the year with net cash of $3.7M; Ended the year with a net tangible book value per share of $2.34 or CAD 3.11; Continued to d...