Yangaroo Announces Q2'2023 Results
Yangaroo Announces Q2'2023 Results
Advertising DivisionThird Consecutive Quarterly Positive Normalized EBITDA
连续第三个季度正值标准化EBITDA
Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the second quarter ended June 30, 2023. The full text of the Financial Statements and Management Discussion & Analysis is available at and at . Please note that all currency in this press release is denominated in United States dollars, unless otherwise noted.
安大略省多伦多-(Newsfile Corp.-2023年8月29日)-YANGAROO Inc.(TSXV：YOO)(场外粉色：YOOIF)(杨加鲁人“，”公司“)，媒体资产工作流程和分销解决方案的软件领导者，今天公布了截至2023年6月30日的第二季度财务业绩。财务报表和管理层讨论与分析的全文可在和在。请注意，本新闻稿中的所有货币都以美元计价，除非另有说明。
The second quarter of 2023 showed significant advancements with respect to operating income and cash-flow generation, as compared to prior-year quarter losses, and improved sales volume and revenue, when adjusted for seasonality. The Advertising Division increased delivery volumes in the quarter was mostly due to a significant client's increase in campaign activity, which has now been completed. The Awards Division results were down compared to this time in the prior year. The result is attributed to the timing of our award shows and is expected to recover and exceed prior-year Awards Division revenue in 2023. The Music Division revenue was down, on a year-over-year basis, mostly due to fewer new music video deliveries by major record labels. Music audio deliveries continue to be only marginally down on a year-over-year basis, attributed to a slower start to the year than historical trends.
与去年同期的亏损相比，2023年第二季度的营业收入和现金流产生出现了显著增长，经季节性调整后，销售额和收入也有所改善。广告司在本季度增加了投递量，主要是因为客户的活动大幅增加，活动现已完成。与前一年的这个时候相比，奖项司的结果有所下降。这一结果归因于我们颁奖典礼的时机，预计2023年将恢复并超过前一年的颁奖部收入。音乐部门的收入同比下降，主要是因为主要唱片公司交付的新音乐视频减少。与去年同期相比，音乐音频的发送量继续略有下降，这归因于今年的开局慢于历史趋势。
-
Advertising Division
Revenue of $1,583,809 in Q2'23 versus revenue of $1,250,277 in Q2'22
-
Entertainment Group (Music & Awards Divisions)
Revenue of $588,721 in Q2'23 versus revenue of $665,030 in Q2'22
-
广告部
23年第2季度收入为1,583,809美元，而22年第2季度收入为1,250,277美元
-
娱乐集团(音乐和奖项部门)
23年第2季度的收入为588,721美元，而22年第2季度的收入为665,030美元
Grant Schuetrumpf, CEO of Yangaroo, stated, "We are pleased with the progress we've achieved in stabilizing our operations after the challenges of 2022. This progress is evident in the consecutive and sequential quarters of Normalized EBITDA generation. Additionally, we've observed modest advancements in business development and sales opportunities compared to last year's period. Our approach remains cautious and grounded as we strategically leverage these prospects for gradual growth in the future.
Yanaroo首席执行官Grant Schuetrampf表示：“我们很高兴在经历了2022年的挑战后，我们在稳定业务方面取得了进展。这一进展在标准化EBITDA世代的连续和连续季度中都很明显。此外，我们观察到与去年同期相比，业务发展和销售机会略有进步。我们的做法仍然谨慎和扎实，因为我们从战略上利用这些未来逐步增长的前景。
"To fuel new revenue streams across our divisions, we've taken a pragmatic and attainable approach to capitalize on emerging opportunities. Within the Advertising Division, our efforts encompass an expanded solution offering, including TV Legal Clearance, Analytics, amplified post-production capabilities, and overall platform enhancements alongside technology integrations. This expanded scope is anticipated to pave the way for more substantial opportunities. While the Music Division encountered volume challenges early in Q1'23, especially with significant record-label music video releases, we are encouraged by a volume uptick towards the quarter's end. Our dedication to nurturing the music division and elevating user experiences persists, aimed at optimizing music promotion possibilities. Moreover, our Award Shows Division is diligently working on finalizing the new Awards technology, a development that positions us to provide a comprehensive solution to a broader market, thus extending our reach and potential."
为了在我们的部门中增加新的收入来源，我们采取了一种务实和可行的方法来利用新出现的机会。在广告事业部，我们的努力包括扩大解决方案的提供，包括电视法律许可、分析、增强的后期制作能力，以及整体平台增强以及技术集成。这一扩大的范围预计将为更多的实质性机会铺平道路。虽然音乐部门在23年第一季度初遇到了音量挑战，特别是随着唱片公司音乐视频的大量发布，但随着季度末音量的上升，我们感到鼓舞。我们致力于培育音乐部门和提升用户体验，旨在优化音乐推广的可能性。此外，我们的奖项表明该部门正在努力敲定新的Awards技术，这一发展使我们能够为更广泛的市场提供全面的解决方案，从而扩大我们的覆盖范围和潜力。“
-
Operating Expenses and Normalized EBITDA
The Company completed additional head-count reductions in the current quarter and incurred restructuring expenses of $49,384. Continued reductions in head-count resulted in a salary expenses of $1,344,064 or a savings of $163,759 versus the second quarter of 2022.
Technology and production expenses continued to decline with savings of $48,569 versus the second quarter of 2022 resulting from continued efforts to reduce over-head expenditures.
Third consecutive quarter of significant Normalized EBITDA; the Company generated $526,202 of Normalized EBITDA in Q2'23, $116,143 of Normalized EBITDA in Q1'23 and $833,974 of Normalized EBITDA in Q4'22.
-
运营费用和标准化EBITDA
该公司在本季度完成了进一步的裁员，并产生了49,384美元的重组费用。人数持续减少导致薪金支出为1 344 064美元，与2022年第二季度相比节省163 759美元。
技术和生产费用继续下降，与2022年第二季度相比节省了48,569美元，这是由于继续努力减少管理费用。
连续第三个季度实现显著的规格化EBITDA；公司在23年第2季度产生了526,202美元的规格化EBITDA，在23年第1季度产生了116,143美元的规格化EBITDA，在22年第4季度产生了833,974美元的规格化EBITDA。
Approaching the latter part of 2023, Yangaroo maintains its commitment to pursue its growth strategy diligently. This involves actively broadening its customer base and consistently investing in its platform. Although linear advertising delivery needs are decreasing due to the known technological shift towards CTV, Yangaroo remains uniquely positioned to offset the impact by an increase new customer sign-ups. The music promotion services continue to show gradual improvement, aligning more closely with budget expectations. The Company is well-positioned to capitalize on both organic and strategic paths for growth, leveraging its current market positions.
接近2023年下半年，Yanaroo坚持勤奋追求增长战略的承诺。这包括积极扩大其客户基础，并持续投资于其平台。尽管由于已知的向有线电视的技术转移，线性广告投放需求正在减少，但Yanaroo仍然处于独特的地位，可以抵消新客户签约增加的影响。音乐推广服务继续逐步改善，更加符合预算预期。该公司处于有利地位，能够充分利用其目前的市场地位，利用有机和战略的增长途径。
Q2'2023 Financial Highlights
2023年第二季度财务亮点
-
Revenue in Q2'2023 was $2,172,530 compared to $1,845,253 and $1,915,307 in the first quarter of 2023 and the second quarter of 2022, respectively.
Revenue increased by $327,277 or 18% versus Q1'2023. The increase in revenue was due to increased Advertising revenue with an increase of $149,219 or 12%, and increased Music and Awards revenue with an increase of $178,058 or 27%. The increase in Advertising revenue is attributed to an increase in revenue recognized from one of the Company's existing customers. The increase in Awards revenue is primarily attributed to cyclicality in our customer's award show schedules which typically peak in the summer periods.
Revenue increased by $257,223 or 13% versus Q2'2022. The increase in revenue is primarily attributed to increased Advertising revenue of $333,532 or 27% offset by a decline in Awards and Music revenue of $76,911 or 11%. The primary factors affecting advertising sales in the current quarter is attributed to an increase in ad delivery volume recognized from one of the Company's existing customers. The decrease is primarily attributed to a current year reduction and the timing of activity in Awards Shows as well as lower volumes amongst Music customers.
-
Operating expenses in Q2'2023 were $1,905,839 compared to $2,100,123 and $2,259,186 in the first quarter of 2023 and the second quarter of 2022, respectively.
Operating expenses decreased by $194,284 or 9% versus Q1'2023. The decrease in operating expenses is primarily attributed to the reversal of previously recorded bad debts and decreased legal and professional services fees.
Operating expenses decreased by $353,347 or 16% versus Q2'2022. The decrease in operating expenses is primarily attributed to a reduction of employee headcount, enacted primarily in the first half of 2022, which is fully realized in 2023, and a continued focus on lower marketing and technology spend as part of the Company's cash saving measures, in addition to the reversal of previously recorded bad debts.
-
Normalized EBITDA in Q2'2023 was $526,202 in comparison to normalized EBITDA of $116,143 in the first quarter of 2023 and normalized EBITDA loss of $42,766 in the second quarter of 2022.
Normalized EBITDA increased by $410,059 compared to Q1'2023. The increase is primarily attributed to an increase in revenue in addition to reductions in the Company's operating expenses, as discussed in further detail above.
Normalized EBITDA increased by $568,968 compared to Q2'2022. The increase is primarily attributed to significantly lower operating expenses, primarily attributed to reduced salaries, general and administrative costs and restructuring expenses, as discussed in further detail above.
-
2023年第二季度的收入为2,172,530美元，而2023年第一季度和2022年第二季度的收入分别为1,845,253美元和1,915,307美元。
收入比2023年第一季度增加了327,277美元，增幅为18%。收入增长是由于广告收入增加149,219美元或12%，以及音乐和大奖收入增加178,058美元或27%。广告收入的增长归因于从该公司现有客户之一确认的收入的增加。Awards收入的增长主要归因于我们客户的颁奖典礼时间表的周期性，通常在夏季达到顶峰。
收入比2022年第二季度增加了257,223美元，增幅为13%。收入的增长主要归因于广告收入增加333,532美元或27%，但被奖项和音乐收入下降76,911美元或11%所抵消。影响本季度广告销售的主要因素归因于该公司的一个现有客户确认的广告投放量的增加。这一下降主要归因于本年度的减少和Awards演出活动的时间安排，以及音乐客户数量的下降。
-
2023年第二季度的运营费用为1,905,839美元，而2023年第一季度和2022年第二季度的运营费用分别为2,100,123美元和2,259,186美元。
与2023年第一季度相比，运营费用减少了194,284美元，降幅为9%。业务费用减少的主要原因是冲销了以前记录的坏账以及法律和专业服务费的减少。
与2022年第二季度相比，运营费用减少了353,347美元，降幅为16%。运营费用减少的主要原因是，主要在2022年上半年实施的员工人数减少，并于2023年全面实现，以及作为公司现金节约措施的一部分，继续关注降低营销和技术支出，以及冲销以前记录的坏账。
-
2023年第二季度的正常化EBITDA为526,202美元，而2023年第一季度的正常化EBITDA为116,143美元，2022年第二季度的正常化EBITDA亏损为42,766美元。
与2023年第一季度相比，标准化EBITDA增加了410,059美元。这一增长主要归因于收入的增加以及公司运营费用的减少，如上文进一步详细讨论的那样。
与2022年第二季度相比，标准化EBITDA增加了568,968美元。增加的主要原因是业务费用大幅减少，主要原因是薪金、一般和行政费用以及重组费用减少，如上文更详细讨论的那样。
Financial Highlights
财务亮点
| |
Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | ||||||||
| Cash and cash equivalents | $ | 284,178 | $ | 204,604 | $ | 296,748 | $ | 346,744 | ||||
| Working capital (deficiency) | $ | (94,749 | ) | $ | (224,819 | ) | $ | 217,710 | $ | (1,701,222 | ) | |
| Liquidity | $ | 552,690 | $ | 781,378 | $ | 737,680 | $ | 639,320 | ||||
| Revenue | $ | 2,172,530 | $ | 1,845,253 | $ | 2,097,353 | $ | 1,733,140 | ||||
| Operating expenses | $ | 1,905,839 | $ | 2,100,123 | $ | 1,426,919 | $ | 1,987,591 | ||||
| Other expenses (income) | $ | 230,473 | $ | 109,749 | $ | 148,123 | $ | (109,995 | ) | |||
| Income (loss) for the period | $ | 36,218 | $ | (364,619 | ) | $ | 522,311 | $ | (144,456 | ) | ||
| Income (loss) per share - basic | $ | 0.00 | $ | (0.01 | ) | $ | 0.01 | $ | (0.00 | ) | ||
| Income (loss) per share - diluted | $ | 0.00 | $ | (0.01 | ) | $ | 0.01 | $ | (0.00 | ) | ||
| EBITDA | $ | 368,740 | $ | (13,324 | ) | $ | 816,075 | $ | 108,087 | |||
| EBITDA Margin % | 16.97% | -0.72% | 38.91% | 6.24% | ||||||||
| Normalized EBITDA (loss) | $ | 526,202 | $ | 116,143 | $ | 833,974 | $ | 2,205 | ||||
| Normalized EBITDA Margin % | 24.22% | 6.29% | 39.76% | 0.13% | ||||||||
| |
Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | ||||||||
| Cash and cash equivalents | $ | 607,289 | $ | 783,159 | $ | 768,251 | $ | 1,271,871 | ||||
| Working capital (deficiency) | $ | (1,517,889 | ) | $ | (1,649,976 | ) | $ | 911,861 | $ | 1,985,484 | ||
| Liquidity | $ | 1,033,533 | $ | 1,862,483 | $ | 2,148,594 | $ | 2,645,390 | ||||
| Revenue | $ | 1,915,307 | $ | 1,989,042 | $ | 2,305,594 | $ | 2,429,867 | ||||
| Operating expenses | $ | 2,259,186 | $ | 2,492,222 | $ | 2,611,535 | $ | 2,405,178 | ||||
| Other expenses (income) | $ | (2,133,145 | ) | $ | 94,395 | $ | 24,783 | $ | (33,797 | ) | ||
| Income (loss) for the period | $ | 1,789,266 | $ | (597,575 | ) | $ | (330,724 | ) | $ | 58,486 | ||
| Income (loss) per share - basic | $ | 0.03 | $ | (0.01 | ) | $ | (0.01 | ) | $ | 0.00 | ||
| Income (loss) per share - diluted | $ | 0.03 | $ | (0.01 | ) | $ | (0.01 | ) | $ | 0.00 | ||
| EBITDA | $ | 2,047,149 | $ | (340,172 | ) | $ | (99,125 | ) | $ | 329,554 | ||
| EBITDA Margin % | 106.88% | -17.10% | -4.30% | 13.56% | ||||||||
| Normalized EBITDA (loss) | $ | (42,766 | ) | $ | (259,847 | ) | $ | (164,899 | ) | $ | 338,404 | |
| Normalized EBITDA Margin % | -2.23% | -13.06% | -13.06% | 13.93% |
| |
2023年第二季度 | 2023年第一季度 | 2022年第四季度 | 2022年第三季度 | ||||||||
| 现金和现金等价物 | $ | 284,178 | $ | 204,604 | $ | 296,748 | $ | 346,744 | ||||
| 营运资金(不足) | $ | (94,749 | ) | $ | (224,819 | ) | $ | 217,710 | $ | (1,701,222 | ) | |
| 流动性 | $ | 552,690 | $ | 781,378 | $ | 737,680 | $ | 639,320 | ||||
| 收入 | $ | 2,172,530 | $ | 1845,253 | $ | 2097,353 | $ | 1733,140 | ||||
| 运营费用 | $ | 1905,839 | $ | 2,100,123 | $ | 1426,919 | $ | 1987,591 | ||||
| 其他费用(收入) | $ | 230,473 | $ | 109,749 | $ | 148,123 | $ | (109,995 | ) | |||
| 当期收入(亏损) | $ | 36,218 | $ | (364,619 | ) | $ | 522,311 | $ | (144,456) | ) | ||
| 每股收益(亏损)-基本 | $ | 0.00 | $ | (0.01 | ) | $ | 0.01 | $ | (0.00 | ) | ||
| 每股收益(亏损)-稀释后 | $ | 0.00 | $ | (0.01 | ) | $ | 0.01 | $ | (0.00 | ) | ||
| EBITDA | $ | 368,740 | $ | (13,324 | ) | $ | 816,075 | $ | 108,087 | |||
| EBITDA利润率% | 16.97% | -0.72% | 38.91% | 6.24% | ||||||||
| 归一化EBITDA(亏损) | $ | 526,202 | $ | 116,143 | $ | 833,974 | $ | 2205 | ||||
| 归一化EBITDA利润率% | 24.22% | 6.29% | 39.76% | 0.13% | ||||||||
| |
2022年第二季度 | 2022年第一季度 | 2021年第四季度 | 2021年第三季度 | ||||||||
| 现金和现金等价物 | $ | 607,289 | $ | 783,159 | $ | 768,251 | $ | 1271,871 | ||||
| 营运资金(不足) | $ | (1,517,889 | ) | $ | (1649,976) | ) | $ | 911,861 | $ | 1985,484 | ||
| 流动性 | $ | 1033,533 | $ | 1862,483 | $ | 2,148,594 | $ | 2645,390 | ||||
| 收入 | $ | 1915,307 | $ | 1989,042 | $ | 2,305,594 | $ | 2429,867 | ||||
| 运营费用 | $ | 2259,186 | $ | 2492,222 | $ | 2611535 | $ | 2,405,178 | ||||
| 其他费用(收入) | $ | (2,133,145 | ) | $ | 94,395 | $ | 24,783 | $ | (33,797 | ) | ||
| 当期收入(亏损) | $ | 1,789,266 | $ | (597,575 | ) | $ | (330,724) | ) | $ | 58,486 | ||
| 每股收益(亏损)-基本 | $ | 0.03 | $ | (0.01 | ) | $ | (0.01 | ) | $ | 0.00 | ||
| 每股收益(亏损)-稀释后 | $ | 0.03 | $ | (0.01 | ) | $ | (0.01 | ) | $ | 0.00 | ||
| EBITDA | $ | 2047,149 | $ | (340,172 | ) | $ | (99,125 | ) | $ | 329,554 | ||
| EBITDA利润率% | 106.88% | -17.10% | -4.30% | 13.56% | ||||||||
| 归一化EBITDA(亏损) | $ | (42,766 | ) | $ | (259,847 | ) | $ | (164,899 | ) | $ | 338,404 | |
| 归一化EBITDA利润率% | -2.23% | -13.06% | -13.06% | 13.93% |
About YANGAROO
关于扬加罗
Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralised and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralised digital asset management, delivery and promotion. DMDS is used across the advertising, music, and entertainment awards show markets.
Yanaroo是媒体和娱乐行业的技术提供商，提供基于云的软件平台，用于管理和分发数字媒体内容。Yanaroo的数字媒体分发系统(“DMDS”)平台是一个获得专利的基于云的平台，为客户提供直接连接广播和电视广播公司、数字显示网络和视频出版商的集中和完全集成的工作流程，以实现集中的数字资产管理、交付和推广。DMDS广泛应用于广告、音乐和娱乐颁奖典礼市场。
YANGAROO Inc. is a publicly listed company incorporated on July 28, 1999 under the laws of Ontario as Musicrypt.com Inc. and changed to its present name on July 17, 2007. YANGAROO trades on the TSX Venture Exchange ("TSX-V") under the symbol YOO and in the U.S. under OTCPK: YOOIF.
YANGAROO Inc.是一家上市公司，于1999年7月28日根据安大略省的法律注册为Musicinkt.com Inc.，并于2007年7月17日更名为现在的名称。YANGAROO在多伦多证券交易所创业板(“TSX-V”)的交易代码为YOO，在美国的交易代码为OTCPK：YOOIF。
The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 3G1.
该公司公司办公室和主要营业地点的地址是：安大略省多伦多Dufferin Street 360，Suite 203，邮编：M6K 3G1。
# # #
###
For YANGAROO Investor Inquiries:
Grant Schuetrumpf
Ph: (416) 534 0607
grant.schuetrumpf@yangaroo.com
对于YANGAROO投资者咨询：
格兰特·舒特伦普夫
电话：(416)534 0607
邮箱：grant.schuetrampf@yangaroo.com
Neither the TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release.
多伦多证券交易所创业板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)均不对本新闻稿的准确性承担责任。
Cautionary Note Regarding Forward-looking Statements
有关前瞻性陈述的注意事项
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
本新闻稿包含适用于加拿大证券法的某些前瞻性陈述和前瞻性信息(在此统称为“前瞻性陈述”)。除有关当前或历史事实的陈述外，所有陈述均为前瞻性陈述。前瞻性陈述常常但不总是通过使用诸如“预期”、“实现”、“可能”、“相信”、“计划”、“打算”、“目标”、“持续”、“持续”、“估计”、“展望”、“预期”、“可能”、“将”、“项目”、“应该”或类似的词语，包括其否定，来确定未来的结果。
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the technology industry. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
前瞻性陈述会受到已知和未知风险、不确定因素和其他因素的影响，其中许多风险、不确定因素和其他因素不是YANGAROO所能控制的，这些因素可能会导致YANGAROO的实际结果、活动水平、业绩或成就与这类前瞻性陈述明示或暗示的内容大不相同，包括但不限于：发售所得资金的使用、收到所有必要的发售批准、一般业务、经济、竞争、政治和社会不确定性；谈判不确定性和技术行业的其他风险。尽管YANGAROO试图确定可能导致实际结果与前瞻性陈述中包含的结果大不相同的重要因素，但可能还有其他因素导致结果与预期、估计或预期的结果不同。
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
前瞻性陈述不是对未来业绩的保证，涉及许多风险和不确定因素，本文对其中一些风险和不确定因素进行了描述。此类前瞻性表述必然涉及已知和未知的风险和不确定因素，这可能会导致扬加罗的实际业绩和结果与此类前瞻性表述明示或暗示的对未来业绩或结果的任何预测大不相同。任何前瞻性陈述都是自本新闻稿发布之日起作出的，除非法律另有要求，否则扬加罗和扬加罗均不承担公开更新或修改此类陈述以反映新信息的义务，无论是后续信息还是其他信息。
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问
