VANCOUVER, BC, May 1, 2023
/CNW/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB:
MVAIF) ("Minerva" or the "Company"), a software and data analytics
company focused on building decision support tools for climate risk
announces its financial results for the 2022 year end. All
amounts are presented in Canadian dollars.
- Total revenues for the year ended December 31st, 2022, after allowing
for discontinued operations, of $104,892 (2021: $268,679)
- Net loss for the year ended December
31st, 2022, of $2.48
million (2021: $2.84
million)
- Year end cash balance of $1.140
million
For full details on Minera's reported results, please go to
https://minervaintelligence.com/investors.
About Minerva Intelligence
Inc.
Minerva Intelligence Inc. is a software and data analytics
company based in Vancouver, Canada
that uses cutting-edge technologies to address pressing challenges
faced by businesses and communities. We specialize in climate
science and AI, extracting valuable insights from complex data sets
and providing actionable recommendations to our clients.
Minerva's proprietary technology is rooted in hazard mapping and
climate modeling, coupled with a deep experience in AI that enables
us to extract valuable insights and package them into actionable
ways for a diverse range of applications. With our expertise and
technology, we help clients thrive in the face of an ever-changing
climate. Minerva's common shares are currently listed on the
TSX Venture Exchange (symbol MVAI). For further details, please
visit our website www.minervaintelligence.com or follow us
on Twitter or LinkedIn.
Cautionary Note Regarding
Forward-Looking Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, statements with respect to the business
strategy and objectives of the Company are forward-looking
information that involve various risks and uncertainties. Although
the Company believes that the expectations expressed in such
forward-looking information are based on reasonable assumptions,
such expectations are not guarantees of future performance and
actual results or developments may differ materially from those in
the forward-looking information. Forward-looking information is
based on a number of material factors and assumptions. Factors that
could cause actual results to differ materially from the
forward-looking information include changes in project
parameters
as plans continue to be refined, future metal prices,
availability of capital and financing on acceptable terms, general
economic, market or business conditions, regulatory changes, delays
in receiving approvals, and other risks detailed herein and from
time to time in the filings made by the Company with securities
regulatory authorities in Canada. Mineral exploration and
development of mines is an inherently risky business. Accordingly,
actual events may differ materially from those projected in the
forward-looking information. For more information on the Company
and the risks and challenges of our business, investors should
review our continuous disclosure filings which are available
at www.sedar.com. Readers are cautioned not to place undue reliance
on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
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content:https://www.prnewswire.com/news-releases/minerva-intelligence-reports-2022-year-end-results-301812358.html
SOURCE Minerva Intelligence Inc.