Perimeter Solutions Reports First Quarter 2024 Financial Results
Perimeter Solutions Reports First Quarter 2024 Financial Results
Notably stronger YoY Fire Safety results in the seasonally modest first quarter
第一季度消防安全业绩同比明显走强
Significant rebound in Specialty Products revenue and Adjusted EBITDA
特种产品收入和调整后的息税折旧摊销前利润大幅反弹
Repurchased 3 million shares in Q1 at an average price of $4.79
在第一季度回购了300万股股票,平均价格为4.79美元
Clayton, Missouri--(Newsfile Corp. - May 9, 2024) - Perimeter Solutions, SA (NYSE: PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as high-quality phosphorus-based specialty chemicals, today reported financial results for its first quarter ended March 31, 2024.
密苏里州克莱顿--(Newsfile Corp.,2024年5月9日)——关键任务消防产品和服务以及高质量磷基特种化学品的领先提供商Perimeter Solutions, SA(纽约证券交易所代码:PRM)(“Perimeter” 或 “公司”)今天公布了截至2024年3月31日的第一季度财务业绩。
First Quarter 2024 Results
2024 年第一季度业绩
Net sales increased 35% to $59.0 million in the first quarter, as compared to $43.9 million in the prior year quarter.
Fire Safety sales increased 34% to $25.2 million, as compared to $18.7 million in the prior year quarter.
Specialty Products sales increased 35% to $33.9 million, as compared to $25.1 million in the prior year quarter.
Net loss during the first quarter was $82.6 million, or $0.57 per diluted share, a decrease of $92.0 million from net income of $9.4 million, or $0.06 per diluted share in the prior year quarter.
Adjusted EBITDA increased 289% to $12.1 million in the first quarter, as compared to $3.1 million in the prior year quarter.
Fire Safety Adjusted EBITDA increased 93% to a loss of $0.2 million, as compared to a loss of $3.4 million in the prior year quarter.
Specialty Products Adjusted EBITDA increased 91% to $12.4 million, as compared to $6.5 million in the prior year quarter.
第一季度的净销售额增长了35%,达到5,900万美元,而去年同期为4,390万美元。
消防安全销售额增长了34%,达到2520万美元,而去年同期为1,870万美元。
特种产品的销售额增长了35%,达到3,390万美元,而去年同期为2510万美元。
第一季度的净亏损为8,260万美元,摊薄每股亏损0.57美元,较上一季度的940万美元净收益减少了9,200万美元,摊薄每股亏损0.06美元。
第一季度调整后的息税折旧摊销前利润增长了289%,至1,210万美元,而去年同期为310万美元。
消防安全调整后的息税折旧摊销前利润增长了93%,至亏损20万美元,而上一季度的亏损为340万美元。
特种产品调整后的息税折旧摊销前利润增长了91%,至1,240万美元,而去年同期为650万美元。
Conference Call and Webcast
电话会议和网络直播
As previously announced, Perimeter Solutions management will hold a conference call at 8:30 a.m. ET on Thursday, May 9, 2024 to discuss financial results for the first quarter 2024 . The conference call can be accessed by dialing (877) 407-9764 (toll-free) or (201) 689-8551 (toll).
正如先前宣布的那样,Perimeter Solutions管理层将于美国东部时间2024年5月9日星期四上午8点30分举行电话会议,讨论2024年第一季度的财务业绩。可以通过拨打 (877) 407-9764(免费电话)或 (201) 689-8551(长途电话)来接听电话会议。
The conference call will also be webcast simultaneously on Perimeter's website (), accessed under the Investor Relations page. The webcast link will be made available on the Company's website prior to the start of the call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
电话会议还将同时在Perimeter的网站 () 上进行网络直播,可在投资者关系页面下访问。网络直播链接将在电话会议开始之前在公司网站上公布;访问我们网站的投资者关系页面,进入新闻与活动菜单,然后单击 “活动与演示”。
A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
电话会议期间还将提供幻灯片演示以供参考;请访问我们网站的投资者关系页面,进入 “新闻与活动” 菜单,然后单击 “活动与演示”。
Following the live webcast, a replay will be available on the Company's website. A telephonic replay will also be available approximately two hours after the call and can be accessed by dialing (877) 660-6853 (toll-free) or (201) 612-7415 (toll). The telephonic replay will be available until June 8, 2024.
网络直播结束后,公司网站上将提供重播。电话重播也将在通话结束大约两小时后提供,拨打(877)660-6853(免费电话)或(201)612-7415(长途电话)即可观看。电话重播将持续到2024年6月8日。
About Perimeter Solutions
关于外围解决方案
Perimeter Solutions is a leading global solutions provider, providing high-quality firefighting products and phosphorus-based specialty chemicals . The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products.
Perimeter Solutions是全球领先的解决方案提供商,提供高质量的消防产品和磷基特种化学品。该公司的业务分为两个报告部门:消防安全和特种产品。
The Fire Safety business consists of formulating, manufacture and sale of fire retardants and firefighting foams that assist in combating various types of fires, including wildland, structural, flammable liquids and others. Our Fire Safety business also offers specialized equipment and services, typically in conjunction with our fire management products, to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations in North America and internationally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a "never-fail" service network. The segment sells products to government agencies and commercial customers around the world.
消防安全业务包括配制、制造和销售阻燃剂和消防泡沫,这些火灾有助于扑灭各种类型的火灾,包括野火、结构性火灾、易燃液体等。我们的消防安全业务还提供专业设备和服务,通常与我们的消防管理产品配合使用,以支持客户的消防行动。我们的专业设备包括空军基地阻燃剂储存、混合和输送设备;移动阻燃基地;阻燃地面应用装置;移动泡沫设备;以及我们为满足特定客户需求而定制设计和制造的设备。我们的服务网络可以满足北美 150 多个空中加油机基地以及北美和国际上许多其他客户地点的紧急补给需求。该细分市场建立在卓越的技术、对客户需求的出色响应以及 “永无故障” 的服务网络的前提下。该部门向世界各地的政府机构和商业客户销售产品。
The Specialty Products business produces and sells high quality Phosphorus Pentasulfide ("P2S5") primarily used in the preparation of lubricant additives, including a family of compounds called Zinc Dialkyldithiophosphates ("ZDDP") that provide critical anti-wear protection to engine components. P2S5 is also used in pesticide and mining chemicals applications.
特种产品业务生产和销售高质量的五硫化磷(“P2S5“)主要用于制备润滑油添加剂,包括一系列名为二烷基二硫代磷酸锌(“ZDDP”)的化合物,它们为发动机部件提供关键的抗磨保护。P2S5 还用于农药和采矿化学品的应用。
Forward-Looking Information
前瞻性信息
This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods.
本新闻稿可能包含1995年《美国私人证券诉讼改革法》安全港条款所指的 “前瞻性陈述”。前瞻性陈述涉及风险和不确定性,可能导致实际结果与前瞻性陈述中的结果存在重大差异。前瞻性陈述可以通过诸如 “预测”、“打算”、“计划”、“目标”、“寻求”、“相信”、“项目”、“估计”、“预期”、“战略”、“未来”、“可能”、“应该”、“将” 等词语来识别,以及对未来时期的类似提法。
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Perimeter believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Perimeter's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 22, 2024. Shareholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements.
任何此类前瞻性陈述都不能保证业绩或结果,并涉及风险、不确定性(其中一些是公司无法控制的)和假设。尽管Perimeter认为任何前瞻性陈述都是基于合理的假设,但您应该意识到,许多因素可能会影响Perimeter的实际财务业绩,并导致它们与任何前瞻性陈述中的预期存在重大差异,包括我们在向美国证券交易委员会(“SEC”)提交的文件中不时描述的风险因素,包括但不限于公司于2023年12月31日提交的截至2023年12月31日的10-K表年度报告将于 2024 年 2 月 22 日与美国证券交易委员会签约。股东、潜在投资者和其他读者在评估前瞻性陈述时应仔细考虑这些因素。
Any forward-looking statement made by Perimeter in this press release speaks only as of the date on which it is made. Perimeter undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Perimeter在本新闻稿中发表的任何前瞻性陈述仅代表其发表之日。除非法律要求,否则Perimeter没有义务更新任何前瞻性陈述,无论是由于新信息、未来发展还是其他原因。
SOURCE: Perimeter Solutions, SA.
来源:南澳大利亚周界解决方案。
CONTACT: ir@perimeter-solutions.com
联系人:ir@perimeter-solutions.com
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share data)
(Unaudited)
周界解决方案,SA和子公司
简明合并运营报表和综合收益(亏损)
(以千计,股票和每股数据除外)
(未经审计)
Three Months Ended March 31, | ||||||
2024 | 2023 | |||||
Net sales | $ | 59,044 | $ | 43,858 | ||
Cost of goods sold | 38,342 | 33,461 | ||||
Gross profit | 20,702 | 10,397 | ||||
Operating expenses: | ||||||
Selling, general and administrative expense | 13,462 | 8,016 | ||||
Amortization expense | 13,771 | 13,763 | ||||
Founders advisory fees - related party | 68,333 | (24,236) | ||||
Other operating expense | — | 2 | ||||
Total operating expenses | 95,566 | (2,455) | ||||
Operating (loss) income | (74,864) | 12,852 | ||||
Other expense (income): | ||||||
Interest expense, net | 10,648 | 10,146 | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
Other expense, net | 27 | 72 | ||||
Total other expense, net | 11,968 | 9,743 | ||||
(Loss) income before income taxes | (86,832) | 3,109 | ||||
Income tax benefit | 4,274 | 6,322 | ||||
Net (loss) income | (82,558) | 9,431 | ||||
Other comprehensive (loss) income, net of tax: | ||||||
Foreign currency translation adjustments | (5,543) | 1,593 | ||||
Total comprehensive (loss) income | $ | (88,101) | $ | 11,024 | ||
Net (loss) earnings per share: | ||||||
Basic | $ | (0.57) | $ | 0.06 | ||
Diluted | $ | (0.57) | $ | 0.06 | ||
Weighted average number of ordinary shares outstanding: | ||||||
Basic | 145,326,933 | 157,700,326 | ||||
Diluted | 145,326,933 | 169,485,631 |
截至3月31日的三个月 | ||||||
2024 | 2023 | |||||
净销售额 | $ | 59,044 | $ | 43,858 | ||
销售商品的成本 | 38,342 | 33,461 | ||||
毛利 | 20,702 | 10,397 | ||||
运营费用: | ||||||
销售、一般和管理费用 | 13,462 | 8,016 | ||||
摊销费用 | 13,771 | 13,763 | ||||
创始人咨询费-关联方 | 68,333 | (24,236) | ||||
其他运营费用 | — | 2 | ||||
运营费用总额 | 95,566 | (2,455) | ||||
营业(亏损)收入 | (74,864) | 12,852 | ||||
其他费用(收入): | ||||||
利息支出,净额 | 10,648 | 10,146 | ||||
或有收益亏损 | — | 246 | ||||
外币亏损(收益) | 1,293 | (721) | ||||
其他费用,净额 | 27 | 72 | ||||
其他支出总额,净额 | 11,968 | 9,743 | ||||
所得税前(亏损)收入 | (86,832) | 3,109 | ||||
所得税优惠 | 4,274 | 6,322 | ||||
净(亏损)收入 | (82,558) | 9,431 | ||||
扣除税款的其他综合(亏损)收入: | ||||||
外币折算调整 | (5,543) | 1,593 | ||||
综合(亏损)收入总额 | $ | (88,101) | $ | 11,024 | ||
每股净(亏损)收益: | ||||||
基本 | $ | (0.57) | $ | 0.06 | ||
稀释 | $ | (0.57) | $ | 0.06 | ||
加权平均已发行普通股数量: | ||||||
基本 | 145,326,933 | 157,700,326 | ||||
稀释 | 145,326,933 | 169,485,631 |
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
周界解决方案,SA和子公司
简明合并资产负债表
(以千计,股票和每股数据除外)
March 31, 2024 | December 31, 2023 | |||||
Assets | (Unaudited) | |||||
Current assets: | ||||||
Cash and cash equivalents | $ | 34,382 | $ | 47,276 | ||
Accounts receivable, net | 38,393 | 39,593 | ||||
Inventories | 144,674 | 145,652 | ||||
Prepaid expenses and other current assets | 19,426 | 18,493 | ||||
Total current assets | 236,875 | 251,014 | ||||
Property, plant, and equipment, net | 58,194 | 59,402 | ||||
Operating lease right-of-use assets | 15,870 | 16,339 | ||||
Finance lease right-of-use assets | 6,748 | 6,064 | ||||
Goodwill | 1,031,388 | 1,036,279 | ||||
Customer lists, net | 663,573 | 674,786 | ||||
Technology and patents, net | 176,811 | 180,653 | ||||
Tradenames, net | 88,084 | 89,568 | ||||
Other assets, net | 1,204 | 1,317 | ||||
Total assets | $ | 2,278,747 | $ | 2,315,422 | ||
Liabilities and Shareholders Equity | ||||||
Current liabilities: | ||||||
Accounts payable | $ | 14,345 | $ | 21,639 | ||
Accrued expenses and other current liabilities | 40,208 | 30,710 | ||||
Founders advisory fees payable - related party | 8,028 | 2,702 | ||||
Total current liabilities | 62,581 | 55,051 | ||||
Long-term debt, net | 666,808 | 666,494 | ||||
Operating lease liabilities, net of current portion | 14,520 | 14,908 | ||||
Finance lease liabilities, net of current portion | 6,200 | 5,547 | ||||
Deferred income taxes | 247,981 | 253,454 | ||||
Founders advisory fees payable - related party | 117,222 | 56,917 | ||||
Redeemable preferred shares | 106,831 | 105,799 | ||||
Redeemable preferred shares - related party | 2,791 | 2,764 | ||||
Other liabilities | 2,155 | 2,193 | ||||
Total liabilities | 1,227,089 | 1,163,127 | ||||
Commitments and contingencies | ||||||
Shareholders' equity: | ||||||
Ordinary shares, $1 nominal value per share; 4,000,000,000 shares authorized; 166,824,659 and 165,066,195 shares issued; 145,240,112 and 146,451,005 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 166,825 | 165,067 | ||||
Treasury shares, at cost; 21,584,547 and 18,615,190 shares at March 31, 2024 and December 31, 2023, respectively | (127,685) | (113,407) | ||||
Additional paid-in capital | 1,701,147 | 1,701,163 | ||||
Accumulated other comprehensive loss | (25,253) | (19,710) | ||||
Accumulated deficit | (663,376) | (580,818) | ||||
Total shareholders' equity | 1,051,658 | 1,152,295 | ||||
Total liabilities and shareholders' equity | $ | 2,278,747 | $ | 2,315,422 |
2024年3月31日 | 2023年12月31日 | |||||
资产 | (未经审计) | |||||
流动资产: | ||||||
现金和现金等价物 | $ | 34,382 | $ | 47,276 | ||
应收账款,净额 | 38,393 | 39,593 | ||||
库存 | 144,674 | 145,652 | ||||
预付费用和其他流动资产 | 19,426 | 18,493 | ||||
流动资产总额 | 236,875 | 251,014 | ||||
不动产、厂房和设备,净额 | 58,194 | 59,402 | ||||
经营租赁使用权资产 | 15,870 | 16,339 | ||||
融资租赁使用权资产 | 6,748 | 6,064 | ||||
善意 | 1,031,388 | 1,036,279 | ||||
客户名单,网络 | 663,573 | 674,786 | ||||
技术和专利,网络 | 176,811 | 180,653 | ||||
商标名称,net | 88,084 | 89,568 | ||||
其他资产,净额 | 1,204 | 1,317 | ||||
总资产 | $ | 2,278,747 | $ | 2,315,422 | ||
负债和股东权益 | ||||||
流动负债: | ||||||
应付账款 | $ | 14,345 | $ | 21,639 | ||
应计费用和其他流动负债 | 40,208 | 30,710 | ||||
应付的创始人咨询费-关联方 | 8,028 | 2,702 | ||||
流动负债总额 | 62,581 | 55,051 | ||||
长期债务,净额 | 666,808 | 666,494 | ||||
经营租赁负债,扣除流动部分 | 14,520 | 14,908 | ||||
融资租赁负债,扣除流动部分 | 6,200 | 5,547 | ||||
递延所得税 | 247,981 | 253,454 | ||||
应付的创始人咨询费——关联方 | 117,222 | 56,917 | ||||
可赎回优先股 | 106,831 | 105,799 | ||||
可赎回优先股-关联方 | 2,791 | 2764 | ||||
其他负债 | 2,155 | 2,193 | ||||
负债总额 | 1,227,089 | 1,163,127 | ||||
承付款和意外开支 | ||||||
股东权益: | ||||||
普通股,每股面值1美元;已授权4,000,000股;已发行166,824,659股和165,066,195股;截至2024年3月31日和2023年12月31日分别已发行145,240,112和146,451,005股 | 166,825 | 165,067 | ||||
库存股,按成本计算;截至2024年3月31日和2023年12月31日,分别为21,584,547股和18,615,190股 | (127,685) | (113,407) | ||||
额外的实收资本 | 1,701,147 | 1,701,163 | ||||
累计其他综合亏损 | (25,253) | (19,710) | ||||
累计赤字 | (663,376) | (580,818) | ||||
股东权益总额 | 1,051,658 | 1,152,295 | ||||
负债和股东权益总额 | $ | 2,278,747 | $ | 2,315,422 |
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
周边解决方案、水疗中心和子公司
简明合并现金流量表
(以千计)
(未经审计)
Three Months Ended March 31, | ||||||
2024 | 2023 | |||||
Cash flows from operating activities: | ||||||
Net (loss) income | $ | (82,558) | $ 9,431 | |||
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||||||
Founders advisory fees - related party (change in fair value) | 68,333 | (24,236) | ||||
Depreciation and amortization expense | 16,412 | 16,087 | ||||
Interest and payment-in-kind on preferred shares | 1,764 | 1,698 | ||||
Share-based compensation | 1,742 | (3,074) | ||||
Non-cash lease expense | 1,392 | 1,153 | ||||
Deferred income taxes | (4,835) | (6,322) | ||||
Amortization of deferred financing costs | 427 | 410 | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
(Gain) loss on disposal of assets | (10) | 5 | ||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Accounts receivable | 874 | 1,670 | ||||
Inventories | 231 | (13,119) | ||||
Prepaid expenses and current other assets | (1,819) | 360 | ||||
Accounts payable | (7,208) | (10,878) | ||||
Income taxes payable, net | (174) | (7,381) | ||||
Accrued expenses and other current liabilities | 10,947 | 8,785 | ||||
Founders advisory fees - related party (cash settled) | (2,702) | (4,655) | ||||
Operating lease liabilities | (838) | (1,169) | ||||
Financing lease liabilities | (130) | — | ||||
Other, net | (355) | 94 | ||||
Net cash provided by (used in) operating activities | 2,786 | (31,616) | ||||
Cash flows from investing activities: | ||||||
Purchase of property and equipment | (1,553) | (2,456) | ||||
Proceeds from short-term investments | 1,081 | — | ||||
Net cash used in investing activities | (472) | (2,456) | ||||
Cash flows from financing activities: | ||||||
Ordinary shares repurchased | (14,278) | (864) | ||||
Principal payments on finance lease obligations | (172) | — | ||||
Net cash used in financing activities | (14,450) | (864) | ||||
Effect of foreign currency on cash and cash equivalents | (758) | (25) | ||||
Net change in cash and cash equivalents | (12,894) | (34,961) | ||||
Cash and cash equivalents, beginning of period | 47,276 | 126,750 | ||||
Cash and cash equivalents, end of period | $ | 34,382 | $ | 91,789 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid for interest | $ | 151 | $ | 142 | ||
Cash paid for income taxes | $ | 818 | $ | 10,155 |
截至3月31日的三个月 | ||||||
2024 | 2023 | |||||
来自经营活动的现金流: | ||||||
净(亏损)收入 | $ | (82,558) | 9,431 美元 | |||
为将净(亏损)收入与(用于)经营活动提供的净现金进行对账而进行的调整: | ||||||
创始人咨询费-关联方(公允价值变动) | 68,333 | (24,236) | ||||
折旧和摊销费用 | 16,412 | 16,087 | ||||
优先股的利息和实物支付 | 1,764 | 1,698 | ||||
基于股份的薪酬 | 1,742 | (3,074) | ||||
非现金租赁费用 | 1,392 | 1,153 | ||||
递延所得税 | (4,835) | (6,322) | ||||
递延融资成本的摊销 | 427 | 410 | ||||
或有收益亏损 | — | 246 | ||||
外币损失(收益) | 1,293 | (721) | ||||
处置资产的(收益)亏损 | (10) | 5 | ||||
扣除收购后的运营资产和负债的变化: | ||||||
应收账款 | 874 | 1,670 | ||||
库存 | 231 | (13,119) | ||||
预付费用和当前其他资产 | (1,819) | 360 | ||||
应付账款 | (7,208) | (10,878) | ||||
应缴所得税,净额 | (174) | (7,381) | ||||
应计费用和其他流动负债 | 10,947 | 8,785 | ||||
创始人咨询费-关联方(现金结算) | (2,702) | (4,655) | ||||
经营租赁负债 | (838) | (1,169) | ||||
融资租赁负债 | (130) | — | ||||
其他,净额 | (355) | 94 | ||||
由(用于)经营活动提供的净现金 | 2,786 | (31,616) | ||||
来自投资活动的现金流: | ||||||
购买财产和设备 | (1,553) | (2,456) | ||||
短期投资的收益 | 1,081 | — | ||||
用于投资活动的净现金 | (472) | (2,456) | ||||
来自融资活动的现金流: | ||||||
回购的普通股 | (14,278) | (864) | ||||
融资租赁债务的本金支付 | (172) | — | ||||
用于融资活动的净现金 | (14,450) | (864) | ||||
外币对现金和现金等价物的影响 | (758) | (25) | ||||
现金和现金等价物的净变化 | (12,894) | (34,961) | ||||
现金和现金等价物,期初 | 47,276 | 126,750 | ||||
现金和现金等价物,期末 | $ | 34,382 | $ | 91,789 | ||
现金流信息的补充披露: | ||||||
支付利息的现金 | $ | 151 | $ | 142 | ||
为所得税支付的现金 | $ | 818 | $ | 10,155 |
Non-GAAP Financial Metrics
非公认会计准则财务指标
Adjusted EBITDA
调整后 EBITDA
The computation of Adjusted EBITDA is defined as net income plus income tax expense, net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items in a balanced manner. These items include (i) acquisition, integration and restructuring related costs (ii) founder advisory fee expenses, (iii) stock compensation expense and (iv) foreign currency loss (gain). To supplement the Company's condensed consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of Adjusted EBITDA, which is a non-GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands).
调整后息税折旧摊销前利润的计算定义为净收入加上所得税支出、净利息和其他融资费用以及折旧和摊销,对某些非经常性、异常或非运营项目进行一致的平衡调整。这些项目包括(i)收购、整合和重组相关成本(ii)创始人咨询费支出,(iii)股票薪酬支出和(iv)外币损失(收益)。为了补充公司根据美国公认会计原则列报的简明合并财务报表,Perimeter提供了一份摘要,以显示调整后息税折旧摊销前利润的计算结果。调整后息税折旧摊销前利润是公司管理层和Perimeter财务报表外部用户(例如投资者、商业银行和其他人)使用的非公认会计准则衡量标准,不考虑融资方法、资本结构或历史成本基础。调整后的息税折旧摊销前利润不应被视为净收益(亏损)、营业收入(亏损)、(用于)经营活动提供的现金流或根据美国公认会计原则列报的任何其他财务业绩或流动性衡量标准(以千计)为单位的替代方案。
(Unaudited) | Three Months Ended March 31, | |||||
2024 | 2023 | |||||
(Loss) income before income taxes | $ | (86,832) | $ 3,109 | |||
Depreciation and amortization | 16,412 | 16,087 | ||||
Interest and financing expense | 10,648 | 10,146 | ||||
Founders advisory fees - related party | 68,333 | (24,236) | ||||
Non-recurring expenses 1 | 540 | 1,559 | ||||
Share-based compensation expense | 1,742 | (3,074) | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
Adjusted EBITDA | $ | 12,136 | $ | 3,116 |
(未经审计) | 截至3月31日的三个月 | |||||
2024 | 2023 | |||||
所得税前(亏损)收入 | $ | (86,832) | 3,109 美元 | |||
折旧和摊销 | 16,412 | 16,087 | ||||
利息和融资费用 | 10,648 | 10,146 | ||||
创始人咨询费-关联方 | 68,333 | (24,236) | ||||
非经常性费用 1 | 540 | 1,559 | ||||
基于股份的薪酬支出 | 1,742 | (3,074) | ||||
或有收益亏损 | — | 246 | ||||
外币亏损(收益) | 1,293 | (721) | ||||
调整后 EBITDA | $ | 12,136 | $ | 3,116 |
_________________
_____________
(1) Adjustment to reflect non-recurring expenses; severance costs and integration and restructuring related costs.
(1) 调整以反映非经常性支出;遣散费用以及整合和重组相关成本。