Vertiqal Studios Fiscal Year 2023 Reports 36% Revenue Increase, 51% Decrease in Adjusted EBITDA Loss, Outlining Optimistic Future
Vertiqal Studios Fiscal Year 2023 Reports 36% Revenue Increase, 51% Decrease in Adjusted EBITDA Loss, Outlining Optimistic Future
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Gamelancer Media Corp. (TSX: VRTS) (OTCQB: GAMGF) (FSE: P93) (dba Vertiqal Studios) ("the Company"), today unveiled its financial achievements for the fiscal year ended 2023, showcasing significant growth, strategic enhancements, and robust financial health. The announcement also highlights the company's positive outlook for fiscal 2024, emphasizing continued growth and expansion plans.
安大略省多伦多--(Newsfile Corp.,2024年4月2日)——Gamelancer Media Corp.(多伦多证券交易所股票代码:VRTS)(OTCQB:GAMGF)(FSE:P93)(dba Vertiqal Studios)(“公司”)今天公布了截至2023财年的财务业绩,展示了显著增长、战略增强和强劲的财务状况。该公告还强调了该公司对2024财年的乐观前景,强调了持续的增长和扩张计划。
In fiscal 2023, Vertiqal Studios made pivotal strides, marked by the strategic acquisition of OffBeat Media, which augmented its content portfolio and expanded its digital presence. The company fortified its capital position, evidenced by a 108% increase in cash through successful private placements of common shares, reflecting strong market confidence and a solid foundation for future initiatives. Leadership enhancements were a key focus, with the appointment of Tyler Wells as Chief Operating Officer, Pamela Glassman as Chief Revenue Officer, and Gopal Patel as Senior Vice President of Revenue Ops, among others, to bolster the executive team for accelerated growth.
在2023财年,Vertiqal Studios取得了关键的进步,其标志是对OffBeat Media的战略收购,这扩大了其内容组合并扩大了其数字影响力。该公司巩固了其资本状况,成功私募普通股使现金增长了108%,这反映了强大的市场信心和未来举措的坚实基础。领导力提升是重点,泰勒·威尔斯被任命为首席运营官,帕梅拉·格拉斯曼为首席营收官,戈帕尔·帕特尔被任命为收入运营高级副总裁等,以加强执行团队以加速增长。
The Company reported total revenues of $4,845,926 in 2023, representing a 36% increase from the previous fiscal year, and adjusted EBITDA loss of $2,960,784 compared to fiscal 2022 adjusted EBITDA loss of $6,134,460. Normalized cash expenses decreased by 24%, and adjusted EBITDA loss decreased significantly by 51%, demonstrating improved operational efficiencies and strategic execution.
该公司报告称,2023年的总收入为4,845,926美元,比上一财年增长36%,调整后的息税折旧摊销前利润亏损为2,960,784美元,而2022财年调整后的息税折旧摊销前利润亏损为6,134,460美元。正常现金支出下降了24%,调整后的息税折旧摊销前利润亏损显著下降了51%,这表明运营效率和战略执行得到提高。
Gross margins also saw a substantial improvement of $3,439,770 (71% gross margin in fiscal 2023) in comparison to $2,344,653 (66% gross margin in fiscal 2022), representing a 47% increase year over year.
毛利率也大幅提高了3,439,770美元(2023财年毛利率为71%),而毛利率为2,344,653美元(2022财年毛利率为66%),同比增长47%。
As part of the annual impairment analysis, the company identified an impairment due to changes in share price, market cap as well as macroeconomic themes that impacted 2023 guidance. It was imperative for the Company to recognize the true value of goodwill and intangible assets on its books to ensure no further impairment is recognized in future years.The company reported a Net Loss which includes all non-cash expenses of $49,018,797, a majority of which is related to the impairment losses on goodwill and intangible assets. When normalizing Losses before taxes, the Company saw a decrease of $3,119,347 in comparison to the previous fiscal year.
作为年度减值分析的一部分,该公司确定了由于影响2023年指引的股价、市值和宏观经济主题的变化而导致的减值。公司必须确认账面上商誉和无形资产的真实价值,以确保未来几年不再确认减值。该公司报告的净亏损包括49,018,797美元的所有非现金支出,其中大部分与商誉和无形资产的减值损失有关。在实现税前亏损正常化时,公司与上一财年相比减少了3,119,347美元。
Looking to fiscal 2024, Vertiqal Studios guides to $8,600,000 in revenue, which represents a 79% growth over the prior year, generating positive EBITDA. This growth is expected to be driven by both TikTok & Meta brand deals, as well as the Company's growing Snapchat portfolio, demonstrating Vertiqal's diverse and robust business model. Strategic reductions in general and administrative expenses and professional fees are expected to contribute to achieving a positive EBITDA. A major strategic initiative for the coming year includes the expansion of Vertiqal Studios' presence in the US market, leveraging its strengthened sales department and new executive leadership, to capture increased market share and develop new revenue opportunities.
展望2024财年,Vertiqal Studios预计收入为860万美元,比上年增长79%,息税折旧摊销前利润为正。预计这一增长将受到抖音和元品牌交易的推动,以及该公司不断增长的Snapchat产品组合,这表明了Vertiqal多样而强大的商业模式。一般和管理费用以及专业费用的战略性削减预计将有助于实现正的息税折旧摊销前利润。来年的一项重大战略举措包括扩大Vertiqal Studios在美国市场的影响力,利用其加强的销售部门和新的高管领导层,以抓住不断增长的市场份额并开发新的收入机会。
Reflecting on the past year's success and the strategic direction for 2024, Jon Dwyer, Chairman & CEO of Vertiqal Studios, expressed optimism about the company's trajectory. "The past fiscal year was transformative for Vertiqal, marking significant milestones in financial performance, strategic positioning, and operational execution. Our sights are now set on 2024, with a strategic focus on innovation, market expansion, and maintaining financial discipline as we pursue our growth objectives," said Mr. Dwyer.
回顾过去一年的成功和2024年的战略方向,Vertiqal Studios董事长兼首席执行官乔恩·德威尔对公司的发展轨迹表示乐观。“上一财年对Vertiqal来说是变革性的,标志着财务业绩、战略定位和运营执行方面的重要里程碑。我们现在将目光定在2024年,战略重点是创新、市场扩张和在追求增长目标时保持财务纪律,” 德威尔说。
About Vertiqal Studios
关于垂直工作室
Vertiqal Studios is a leading digital-channel network and video-production studio specializing in the creation and distribution of viral videos. With a daily output of 100+ videos across 138 owned-and-operated channels, Vertiqal leverages TV economics to monetize content on platforms like TikTok and Instagram, and revenue-share on platforms such as Snapchat. The company's focus on producing and broadcasting performative organic content to an audience of over 52 million followers and subscribers, generating over 2 billion monthly video views, positions Vertiqal as a key player in scalable marketing concepts with brands, agencies, and creators for full production and distribution brand campaigns on major social platforms.
Vertiqal Studios是一家领先的数字频道网络和视频制作工作室,专门从事病毒视频的创作和分发。Vertiqal每天在138个自有和运营的频道上输出100多个视频,它利用电视经济学将抖音和Instagram等平台上的内容货币化,并在Snapchat等平台上实现收入分成。该公司专注于为超过5200万粉丝和订阅者制作和广播具有表演性的有机内容,每月视频观看次数超过20亿,这使Vertiqal成为与品牌、代理商和创作者一起在主要社交平台上全面制作和分发品牌活动的可扩展营销概念的关键参与者。
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Jon Dwyer
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乔恩·德威尔
董事长兼首席执行官
+1 (416) 627-8868;
Email: jon@vertiqalstudios.com;
Investor Relations Email: ir@vertiqalstudios.com
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Forward-Looking Information
前瞻性信息
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