Slinger Announces Revenue and Operating Results for the Second Quarter Fiscal 2021; Delays Release of Second Quarter Earnings Results and Call
Slinger Announces Revenue and Operating Results for the Second Quarter Fiscal 2021; Delays Release of Second Quarter Earnings Results and Call
- The Company is working with its auditor to resolve the technical accounting related to non-cash items associated with the convertible notes issued during the second fiscal quarter
- Announces postponement of 10-Q filing and conference call scheduled for December 15, 2021, at 10:00 A.M. Eastern Time
-
Reports record revenue of $5.4 million and year-over-year revenue growth of 106%
- 公司正在与其审计师合作，解决与第二财季发行的可转换票据相关的非现金项目的技术会计问题
- 宣布推迟原定于2021年12月15日东部时间上午10点提交的10-Q文件和电话会议
-
报告收入达到创纪录的540万美元，同比增长106%
BALTIMORE, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Slinger (OTCQB: SLBG), a leading connected sports technology company, today announced revenue and operating results for its second-quarter fiscal year 2021 ended October 31, 2021.
巴尔的摩，2021年12月15日(环球通讯社)--斯林格R(OTCQB：SLBG),一家领先的互联体育技术公司今天公布了截至2021年10月31日的2021财年第二季度收入和运营业绩。
The Company is working with its auditor to finalize the technical accounting for its convertible note brought up during the quarter-end close. Once there is a resolution, the Company will file its 10-Q and proceed with its earnings release and investor strategy update/earnings conference call as soon as possible. In the interim, the Company is releasing the following preliminary results:
该公司正在与其审计师合作，最终确定其在季度末结束时提出的可转换票据的技术会计。一旦有决议，该公司将提交10-Q报告，并尽快进行收益发布和投资者战略更新/收益电话会议。在此期间，该公司将公布以下初步结果：
Fiscal Second Quarter Highlights (Fiscal 2021 versus Fiscal 2020)
第二财季亮点(2021财年与2020财年)
- Revenue increased 106.1% to $5.4 million versus $2.6 million;
- Gross profit increased 100.4% to $2.1 million versus $1.0 million;
- GAAP operating loss of ($35.1) million versus ($0.2) million;
- Non-GAAP operating loss of ($0.8) million versus ($0.1) million.
- 收入增长106.1%，从260万美元增至540万美元；
- 毛利润增长100.4%，从100万美元增至210万美元；
- GAAP营业亏损为(3510万美元)，而不是(20万美元)；
- 非GAAP营业亏损为80万美元，而不是(10万美元)。
| Select Financial Metrics: Q2 Fiscal 2021 versus Fiscal 2020 as of 10/31/21* | ||||||||||||
| (in $M) | 2Q21 | 2Q20 | Change | |||||||||
| Total Revenue | $ | 5.4 | $ | 2.6 | 106.1 | % | ||||||
| Gross Profit | $ | 2.1 | $ | 1.0 | 100.4 | % | ||||||
| Gross Margin | 38.6 | % | 39.7 | % | ||||||||
| Operating Loss | $ | (35.1 | ) | $ | (0.2 | ) | nm | |||||
| Non-GAAP Operating Loss | $ | (0.8 | ) | $ | (0.1 | ) | nm | |||||
| 部分财务指标：截至2021年10月31日的2021财年第二季度与2020财年* | ||||||||||||
| (单位：百万美元) | 2Q21 | 2Q20 | 变化 | |||||||||
| 总收入 | $ | 5.4 | $ | 2.6 | 106.1 | % | ||||||
| 毛利 | $ | 2.1 | $ | 1.0 | 100.4 | % | ||||||
| 毛利率 | 38.6 | % | 39.7 | % | ||||||||
| 营业亏损 | $ | (35.1 | ) | $ | (0.2 | ) | NM | |||||
| 非GAAP营业亏损 | $ | (0.8 | ) | $ | (0.1 | ) | NM | |||||
*numbers may not add due to rounding
nm = not measurable/meaningful
*由于四舍五入，数字可能无法相加
NM=不可测量/有意义
Non-GAAP Financial Measures
非GAAP财务指标
In addition to our financial information presented in accordance with GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. We use the following non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. The non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business, which it includes in press releases announcing quarterly financial results, including this press release.
除了我们根据GAAP提供的财务信息外，我们认为以下非GAAP财务指标在评估我们的经营业绩时是有用的。我们使用以下非GAAP财务指标来评估我们正在进行的业务，并用于内部计划和预测目的，包括编制我们的年度运营预算和季度预测，评估我们业务战略的有效性，并就我们的财务业绩与我们的董事会进行沟通。我们相信，当非GAAP财务指标与相应的GAAP财务指标结合使用时，可能会对投资者有所帮助，因为它们提供了与过去财务业绩的一致性和可比性，并通过排除某些可能不能反映我们的业务、经营结果或前景的项目，提供了有关我们业绩的有意义的补充信息。非GAAP财务指标仅供补充信息之用，作为分析工具有其局限性，不应孤立地考虑或作为根据GAAP提供的财务信息的替代品，可能与其他公司使用的名称类似的非GAAP财务指标不同。此外，其他公司，包括我们行业的公司，可能会以不同的方式计算类似名称的非GAAP财务衡量标准，或者可能使用其他衡量标准来评估它们的业绩，所有这些都可能降低我们的非GAAP财务衡量标准作为比较工具的有效性。我们鼓励投资者审查相关的GAAP财务指标，以及这些非GAAP财务指标与其最直接可比的GAAP财务指标的协调情况，不要依赖任何单一的财务指标来评估我们的业务。, 它包括在宣布季度财务业绩的新闻稿中，包括本新闻稿。
We define non-GAAP operating loss as the respective GAAP measure, excluding expenses related to share-based compensation, shares and warrants issued in connection of services, amortization of acquired intangible assets, and acquisition-related expenses.
我们将非GAAP营业亏损定义为各自的GAAP计量，不包括与基于股份的薪酬相关的费用、与服务相关的股票和认股权证、已收购无形资产的摊销以及与收购相关的费用。
| Reconciliation of GAAP Operating Loss to Non-GAAP Operating Loss | ||||||||
| (in $M) | 2Q21 | 2Q20 | ||||||
| GAAP operating loss | $ | (35.1 | ) | $ | (0.2 | ) | ||
| Exclude: | ||||||||
| Share-based compensation | $ | 32.3 | - | |||||
| Shares and warrants issued in connection with services | $ | 0.8 | $ | 0.1 | ||||
| Amortization of acquired intangible assets | $ | 0.1 | - | |||||
| Acquisition-related expenses | $ | 1.1 | - | |||||
| Non-GAAP operating loss | $ | (0.8 | ) | $ | (0.1 | ) | ||
| GAAP营业亏损与非GAAP营业亏损的对账 | ||||||||
| (单位：百万美元) | 2Q21 | 2Q20 | ||||||
| GAAP营业亏损 | $ | (35.1 | ) | $ | (0.2 | ) | ||
| 排除： | ||||||||
| 基于股份的薪酬 | $ | 32.3 | - | |||||
| 与服务相关而发行的股份及认股权证 | $ | 0.8 | $ | 0.1 | ||||
| 已取得无形资产的摊销 | $ | 0.1 | - | |||||
| 收购相关费用 | $ | 1.1 | - | |||||
| 非GAAP营业亏损 | $ | (0.8 | ) | $ | (0.1 | ) | ||
The Slinger Bag is available to order now - to find out more about Slinger Bag, visit .
斯林格手袋现在可以订购了-要了解更多关于斯林格手袋的信息，请访问。
About Slinger
关于斯林格
Slinger® is a leading connected sports company focused on delivering innovative, game improvement technologies and equipment across tennis and other ball sports. Slinger® enhances the skill and enjoyment levels of players of all ages and abilities and is initially focused on building its brand within the global tennis market, through its Slinger Bag® Tennis Ball Launcher and Accessories. Slinger has underpinned its proof of concept with over $250M of retail value in global distribution agreements since the Spring of 2020 for the Slinger Bag®. Led by CEO Mike Ballardie, the former Prince CEO and Wilson EMEA racquet sports executive, Slinger® is disrupting what are traditional global sports markets with its patented, highly transportable, and affordable Slinger Bag® Launcher and its suite of connected app and SaaS services.
吊索®是一家领先的互联体育公司，专注于在网球和其他球类运动中提供创新的比赛改进技术和设备。吊索®提高各个年龄段和能力的球员的技术和享受水平，最初专注于通过斯林格包在全球网球市场建立自己的品牌。®网球发射器和配件。自2020年春季以来，斯林格包在全球分销协议中的零售价值超过2.5亿美元，为其概念验证奠定了基础®。由首席执行官迈克领导巴拉第，普林斯(Prince)前首席执行官兼威尔逊欧洲、中东和非洲(EMEA)球拍运动高管斯林格®正在颠覆传统的全球体育市场，它拥有专利，高度可运输， 价格实惠的斯林格包®Launcher及其互联应用程序和SaaS服务套件.
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
前瞻性陈述：本新闻稿包含“1933年证券法”第27A节和“1934年证券交易法”第21E节以及修订后的“私人证券诉讼改革法”所指的某些前瞻性陈述，包括那些与公司的产品开发、临床和监管时间表、市场机会、竞争地位、可能或假设的未来经营结果、商业战略、潜在增长机会以及其他具有预测性的陈述有关的陈述。这些前瞻性陈述是基于对我们经营的行业和市场的当前预期、估计、预测和预测，以及管理层目前的信念和假设。
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential, "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
这些表述可以通过使用前瞻性表述来识别，包括但不限于“预期”、“预期”、“打算”、“计划”、“相信”、“估计”、“潜在”、“预测”、“项目”、“应该”、“将会”以及类似的表述和这些术语的否定。这些陈述与未来事件或我们的财务表现有关，涉及已知和未知的风险、不确定因素和其他因素，这些风险、不确定因素和其他因素可能导致实际结果、表现或成就与前瞻性陈述明示或暗示的任何未来结果、表现或成就大不相同。这些因素包括该公司提交给证券交易委员会的文件中陈述的因素。告诫潜在投资者不要过度依赖此类前瞻性陈述，这些陈述仅在本新闻稿发布之日发表。公司不承担公开更新任何前瞻性陈述的义务，无论是由于新信息、未来事件还是其他原因。
Contacts:
Investors:
investors@slingerbag.com
(443) 407-7564
www.slingerbagir.com
联系人：
投资者：
邮箱：Investors@slingerbag.com
(443) 407-7564
Www.slingerbagir.com