Net income for the period ended Dec. 31, 2005, amounted to a penny per diluted share, same as the comparable period in 2004, the Vancouver-based mining software company reported Monday. Revenue climbed to $4.6 million from $4.3 million last year.
Research and development costs increased to $1 million from $910,847 last year.
“As evidenced by our results to date the company is committed to investing in its R&D to maintain and advance our long-term strategic advantages, while increasing revenue and controlling costs in other areas to maintain profitability,” the firm’s CEO Rick Moignard said in a release.
Gemcom provides technical mining applications, professional services, training, and support. Its clients include Teck Cominco, Falconbridge and Rio Tinto.
