Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth
Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth
TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP; OTCQB: CLPMF) ("Clip Money" or the "Company"), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine-months ended September 30, 2024.
多伦多，2024年11月18日(GLOBE NEWSWIRE) -- 夹钱公司(tsxv: CLIP; OTCQB: CLPMF) ("夹钱"或"公司"), 一家为企业提供多银行自助存款系统的公司，很高兴地宣布其截至2024年9月30日的三个月和九个月的财务结果。
Third Quarter Financial 2024 Highlights:
2024年第三季度财务亮点：
- Revenue for the third quarter of 2024 ("Q3 2024") was $521,316, compared to $148,965 in the third quarter of 2023 ("Q3 2023"), which equates 250% growth year-over-year ("YoY"). Q3 2024 revenue was up 34% quarter-over-quarter ("QoQ") compared to the second quarter of 2024 ("Q2 2024"). For the month of September 2024, revenue was $212,103 compared to $163,101 for the month of August 2024, representing 30% month-over-month ("MoM") growth.
- 2024年第三季度("Q3 2024")营业收入为$521,316，同比增长250%，去年同期第三季度(Q3 2023)为$148,965。Q3 2024营业收入环比增长34%，与2024年第二季度(Q2 2024)相比。2024年9月份收入为$212,103，而2024年8月份为$163,101，环比增长30%。
- Operating expenses for Q3 2024 were $1,597,181, compared to $1,312,209 in Q3 2023, which represents a 22% YoY increase. Q3 2024 operating expenses were 7% lower QoQ compared to Q2 2024. Operating expenses in Q3 2024, excluding depreciation and amortization, were $1,104,373. Net loss for Q3 2024 was ($2,383,256), compared to ($2,488,856) in Q3 2024, which represents an improvement of 4% YoY.
- 2024年第三季度营业费用为$1,597,181，高于Q3 2023的$1,312,209，同比增长22%，2024年第三季度营业费用与2024年第二季度相比下降了7%。2024年第三季度的营业费用，不包括折旧和摊销，为$1,104,373。2024年第三季度净亏损为($2,383,256)，高于2024年第三季度的($2,488,856)，但同比改善了4%。
- YoY revenue growth for Q3 2024 was driven by a 101% increase in new deposit users, and a 65% increase in average deposit revenue per user. Deposit revenue growth was further supplemented by scaling new products, namely revenue from Change Orders and ATMs. New product revenue represented 14% of total revenue in Q3 2024 compared to 3% in Q3 2023.
- 2024年第三季度营收增长主要是由101%新增存款用户增长和65%平均每用户存款收入增长驱动。存款收入增长进一步得到新产品的支持，特别是来自找零订单和ATM的收入。新产品收入在2024年第三季度占总收入的比例为14%，而在2023年第三季度为3%。
- Revenue growth continues to outpace changes in Costs of Revenue ("COR"). Q3 2024 COR of ($837,252) was up 31% YoY, relative to 250% YoY revenue growth. Furthermore, on a QoQ basis COR was up +17% on the back of +34% revenue growth.
- 收入增长继续超过与收入相关的成本变化。2024年第三季度的成本($837,252)同比增长31%，而收入增长为250%。此外，环比基础上成本率增长了17%，与收入增长34%有关。
- On September 17, 2024, the Company closed a non-brokered private placement of convertible notes (the "2024 Unsecured Notes") for aggregate gross proceeds of $2,800,000. The financing was led by PeoplesBank who subscribed for $2,000,000 in aggregate principal amount of the 2024 Unsecured Notes. The remaining $800,000 in aggregate principal amount of the 2024 Unsecured Notes was subscribed for by Cardtronics, Inc., a subsidiary of NCR Atleos.
- 2024年9月17日，公司完成了一项非经纪人做市的可转债定向增发（"2024年无抵押票据"），募集总额为280万美元。这轮融资由People's银行领导，认购了总额为200万美元的2024年无抵押票据的本金。剩余的80万美元的2024年无抵押票据的本金由NCR Atleos子公司Cardtronics，Inc.认购。
Network & Customer Highlights:
网络及客户亮点：
- Clip Money grew its leading shopping center network (non-ATM) to 408 deposit units in Q3 2024, adding locations with prestigious mall operators like: Tanger, Macerich, Spinoso, Taubmans, Brookfield, CBL and Washington Prime Group.
- Clip Money在2024年第三季度将其领先的购物中心网络（非ATM）扩展至408个存款单位，增加了与Tanger、Macerich、Spinoso、Taubmans、Brookfield、CBL和Washington Prime Group等著名购物中心运营商合作的地点。
- Continued organic growth from existing customers led to the addition of over 400 new, active depositing users this quarter. Our enterprise customers remain committed to utilizing new Clip Money locations as we expand our network.
- 持续的有机增长来自现有客户，本季度新增了超过400名新的活跃存款用户。我们的企业客户始终致力于利用新的Clip Money位置，随着我们网络的扩展。
- Genesco Inc. is a footwear focused, Nashville-based specialty retailer with roughly 1,200 stores across the U.S., Canada and Puerto Rico operating as Journeys, Journeys Kidz, Little Burgundy and Johnston & Murphy. Genesco began a Clip Drop deposit rollout in Q3 2024. The deployment has been well received across its store footprint with over 30 stores added by the end of Q3 2024 and a total of over 500 stores anticipated by the end of Q4 2024.
- Genesco Inc.是一家总部位于纳什维尔的以鞋类为重点的专业零售商，在美国、加拿大和波多黎各拥有约1,200家门店，经营品牌包括Journeys、Journeys Kidz、Little Burgundy和Johnston & Murphy。Genesco在2024年第三季度开始推出Clip Drop存款，截至2024年第三季度结束已有超过30家门店加入，预计2024年第四季度将新增超过500家门店。
- Two existing Clip customers with over 600 stores actively using the Clip Deposit solution have expanded their partnership with Clip, committing to the Company's Change Order solution for regular deliveries. These retailers will now benefit from the added convenience of ordering change directly through Clip, eliminating the need for time-consuming bank branch visits.
- 两家已经使用Clip Deposit解决方案的Clip现有客户中，共有600多家门店积极参与了Clip，承诺使用公司的零钱订单解决方案进行定期交付。这些零售商现在将从通过Clip直接订购零钱的额外便利性中受益，消除了需要耗时的银行分行拜访。
"We are thrilled to report such substantial growth and improved financial performance this quarter. Our Q3 results, with a 250% year-over-year revenue increase underscores the strength of our products and our team's execution. Furthermore, COR was up only 31% year-over-year, demonstrating our ability to scale efficiently and achieve operating leverage," said Joe Arrage, CEO of Clip Money. "The ramp-up from August to September was solid, with revenue growth accelerating by over 34% month-over-month, driven by an increase in deposit users from existing and new customers, and growth from our newer products like Clip Change Orders and ATMs. With this momentum building, we're confident that our performance will carry through Q4, positioning us for continued strong results as we close out the year."
“我们非常高兴地报告本季度的大幅增长和改善的财务表现。我们的2024年第三季度业绩，同比增长250%，突显了我们产品的实力和团队的执行能力。此外，仅同比增长31%的营业费用，表明我们具备高效扩展和实现营运杠杆的能力，” Clip Money的CEO乔·阿雷格（Joe Arrage）表示，“从八月到九月的增长势头良好，营业收入同比增长超过34%，这是由现有和新客户的存款用户增加以及我们像Clip零钱订单和ATM等新产品的增长所推动的。随着这种势头增强，我们有信心业绩将延续到第四季度，使我们在年底时取得持续强劲的成绩。”
Joseph Arrage (CEO & Co-Founder)
Joseph Arrage（首席执行官兼创始人）
Additional Information
补充信息
The Company's interim condensed consolidated financial statements, notes to financial statements, and management's discussion and analysis for the three and nine-months ended September 30, 2024 are available on the Company's SEDAR+ profile at . Unless otherwise indicated, all references to "$" in this press release refer to U.S. dollars.
公司截至2024年9月30日为止三个月和九个月的中期简明综合财务报表、财务报表附注以及管理层讨论与分析可在公司的SEDAR+个人资料中找到。除非另有说明，否则本新闻稿中对“$”的所有引用均指美元。
Forward‐Looking Statements
前瞻性声明
This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.
本新闻发布可能包含前瞻性声明（根据适用证券法的规定），反映了公司关于未来事件的当前预期。前瞻性声明通常以"相信"，"预期"，"计划"，"期望"，"打算"，"计划"，"将"，"可能"，"估计"等类似表述来识别。这些声明基于公司的预期，估计，预测和展望，包括但不限于关于公司业务未来成功的声明。
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
本新闻稿中的前瞻性声明基于某些假设。这些前瞻性声明不能保证未来业绩，并涉及难以控制或预测的风险和不确定性。许多因素可能导致实际结果与前瞻性声明讨论的结果有实质差异。因此，读者不应过分依赖任何此类前瞻性声明。此外，这些前瞻性声明是根据本新闻稿发布日期制作的，除非根据适用法律明确要求，否则公司不承担公开更新或修订任何前瞻性声明的义务，无论是由于新信息，未来事件或其他原因。
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 release.
TSX Venture Exchange及其规管服务供应商（如TSX Venture Exchange政策所定义的那样）不接受本发布的充分性或准确性的任何责任。
About Clip Money Inc.
关于Clip Money Inc.
Clip Money operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business banking transactions. Combined with mobile user applications, Clip Money offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit .
Clip Money通过其ClipDrop Boxes为企业提供了一个跨银行自助存款系统，使用户能够在顶级零售商和购物中心以外的地方存款。企业无需前往个人银行分支机构或使用现金提取服务，即可在附近的任何ClipDrop Box存款。存款后，资金将自动划入企业的银行账户，通常在一个工作日内。该公司结合了功能硬件、直观移动应用程序和创新的基于云的交易引擎，最大限度地提升了企业银行交易。结合移动用户应用，Clip Money为加拿大和美国各大城市统计区域提供了一种经济实惠且方便的企业银行存款解决方案。有关该公司的更多信息，请访问 .
For further information, please contact:
如需更多信息，请联系：丹·努恩（Dan Noone）
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
Joseph Arrage
首席执行官
844-593-2547
