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PowerBand Announces First Quarter 2023 Financial Results

PowerBand Announces First Quarter 2023 Financial Results

PowerBand 公布 2023 年第一季度财务业绩
Accesswire ·  2023/05/31 07:15

TORONTO, ON / ACCESSWIRE / May 31, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is announcing that it has filed its Interim Consolidated Financial Statements and Management's Discussion and Analysis report for the three-month period ended March 31, 2023. These documents may be viewed under the Company's profile at .

安大略省多伦多/ACCESSWIRE/2023 年 5 月 31 日/ PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (法兰克福:1zVA) (”功率波段“”PBX“或者“公司“)是将在线体验转变为租赁和融资工具的综合电子商务解决方案,它宣布已提交截至2023年3月31日的三个月期间的中期合并财务报表和管理层讨论与分析报告。这些文件可以在公司简介下查看,网址为。

Revenue for the first quarter of 2023 decreased to $838,693 in comparison to Q4/2022 revenue of $2,054,728 as well as Q1/2022 of $5,962,029. The revenue for the first quarter of 2023 is primarily from the servicing of the existing lease portfolio. The Company continues to work with its funding partners to re-commence the origination of leases and will provide an update when available. Adjusted EBITDA loss for the first quarter of 2023 has decreased by $137,527 or 6% in comparison to Q4/2022 which is the result of further cost reduction measures initiated by the Company to maintain the operating expenses at the minimal as required for the planned growth.

2023年第一季度的收入降至838,693美元,而2022年第四季度的收入为2,054,728美元,2022年第一季度的收入为5,962,029美元。2023 年第一季度的收入主要来自现有租赁组合的服务。公司继续与其融资合作伙伴合作,重新开始租赁的发放,并将在可用时提供最新信息。与2022年第四季度相比,2023年第一季度调整后的息税折旧摊销前利润亏损减少了137,527美元,下降了6%,这是公司启动的进一步成本削减措施的结果,旨在将运营支出维持在计划增长所需的最低水平。

Cash on hand as at March 31, 2023 was $11,602,780 compared to $10,299,414 as at December 31, 2022. The cash balance at March 31, 2023, included cash collected from lease holders on leases that are serviced by the Company and reported as accounts payable.

截至2023年3月31日,手头现金为11,602,780美元,而截至2022年12月31日为10,299,414美元。截至2023年3月31日的现金余额包括从租赁持有人那里收取的现金,这些租赁由公司提供服务并列为应付账款。

About PowerBand Solutions, Inc.

关于 PowerBand 解决方案有限公司

PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. PowerBand's transaction platform - being trademarked under DRIVRZ - is being made available across the United States of America.

在多伦多证券交易所风险交易所和OTCQB市场上市的PowerBand Solutions Inc. 是一家颠覆汽车行业的金融科技提供商。PowerBand 基于云的集成交易平台促进了消费者、经销商和资助者之间的交易。PowerBand 的交易平台——注册商标为 DRIVRZ -正在美利坚合众国各地发售。

For further information, please contact:
Darrin Swenson
Chief Executive Officer and Director
E: Darrin.swenson@powerbandsolutions.com
P: 1-866-768-7653

欲了解更多信息,请联系:
达林·斯文森
首席执行官兼董事
E: Darrin.swenson@powerbandsolutions.com
P: 1-866-768-7653

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

Non-IFRS Measures:

非国际财务报告准则指标:

This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance withIFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.

本新闻稿包含非国际财务报告准则财务指标;公司认为这些措施为投资者提供了有关财务的有用补充信息其业务表现,可以比较不同时期的财务业绩某些项目可能与业务绩效无关,因此可以提高透明度关于管理层在业务运营中使用的关键指标。虽然管理认为这些财务指标对于评估公司业绩很重要,它们无意孤立地考虑,也不是用来替代或优于财务指标根据《国际财务报告准则》编制和列报的信息。这些非国际财务报告准则财务指标没有任何标准化含义,可能无法与类似指标进行比较其他公司使用的措施。对于某些非国际财务报告准则财务指标,没有国际财务报告准则下的直接可比金额。这些非国际财务报告准则财务指标不应是被视为根据国际财务报告准则确定的财务业绩衡量标准的替代办法.此外,还逐年介绍了其中某些措施出于比较的目的,应提醒投资者注意调整的影响此处提供的对公司的经营业绩有实际影响。

FORWARD-LOOKING STATEMENTS

前瞻性陈述

This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "believes" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, expected benefits and results from operations, expected return to shareholders as a result of allocating growth capital and resources to the DrivrzFinancial platform, expected results of cost-saving initiatives, the resolution of lease repurchases with the financial institution, the re-commencement of lease originations through the Forward Flow Purchase and Security Agreement and the ability of PowerBand to secure additional funding lines for DrivrzFinancial are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

本新闻稿包含与公司相关的前瞻性陈述以及其他非历史事实的陈述。前瞻性陈述通常由 “意愿”、“可能”、“应该”、“预期”、“期望”、“相信” 等术语和类似表达方式来识别。本新闻稿中除历史事实陈述以外的所有陈述,包括但不限于关于公司未来计划和目标、运营预期收益和业绩、向DrivrzFinancial平台分配增长资本和资源给股东的预期回报、成本节约举措的预期结果、与金融机构进行租赁回购的解决方案、通过远期流购买和担保协议重新启动租赁发放的陈述PowerBand为DrivrzFinancial获得更多融资额度的能力是前瞻性陈述,涉及风险和不确定性。无法保证此类陈述会被证明是准确的,实际结果和未来事件可能与此类陈述中的预期存在重大差异。

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

提醒读者,在准备任何前瞻性信息时使用的假设可能被证明是不正确的。由于许多已知和未知的风险、不确定性和其他因素,事件或情况可能导致实际业绩与预测存在重大差异,其中许多因素是公司无法控制的。因此,我们无法保证任何前瞻性陈述都能兑现,并提醒读者不要过分依赖任何前瞻性信息。尽管管理层在编写时认为此类信息是合理的,但可能被证明是不正确的,实际结果可能与预期的结果存在重大差异。

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

本警示声明明确限制了本新闻稿中包含的前瞻性陈述。本新闻稿中包含的前瞻性陈述自本新闻稿发布之日作出,除非加拿大证券法明确要求,否则公司没有义务公开更新或修改所包含的任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。

SOURCE: PowerBand Solutions Inc.

来源: PowerBand 解决方案有限公司


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