Yangaroo Announces Q4'2022 Results
Yangaroo Announces Q4'2022 Results
The Advertising division faced challenges in the first half of 2022 due to market instability, resulting in reduced Advertising volumes and revenue for the first nine months of the year. The fourth quarter of 2022, in contrast, experienced higher volumes and produced higher revenue across the Company's Advertising customers. The increased volumes were attributed to the typical seasonality of television advertising, along with a noticeable uplift in creative television campaigns across all market sectors. This development is encouraging, as advertising volumes in Q4 2022, normalized for seasonality, exceeded those of the first three quarters of 2022, indicating an overall improvement in the industry.Toronto, Ontario--(Newsfile Corp. - April 28, 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 fourth quarter- and year-ended December 31, 2022. 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.
安大略省多倫多-(Newsfile Corp.-2023年4月28日)-YANGAROO Inc.(TSXV：YOO)(場外粉色：YOOIF)(楊加魯人“，”公司“)，今天公佈了截至2022年12月31日的第四季度和全年的財務業績。財務報表和管理層討論與分析的全文可在和在。請注意，本新聞稿中的所有貨幣都以美元計價，除非另有說明。
In 2022, Yangaroo faced significant challenges that had a negative impact on our fiscal year results. We experienced a secular decline in advertising activity across the business community, which affected our revenue streams. Despite these challenges, our dedicated team worked tirelessly throughout the year to address these issues and minimize their operational and financial impact. Through strategic efforts, we stabilized our revenue by the end of the fourth quarter. We also undertook key measures such as rationalizing our workforce, restructuring our bank facilities, and raising additional capital through subordinated debt to ensure the long-term sustainability of the business.
2022年，Yanaroo面臨著重大挑戰，對我們的財年業績產生了負面影響。我們經歷了整個商界廣告活動的長期下降，這影響了我們的收入來源。儘管有這些挑戰，我們敬業的團隊在過去一年中不知疲倦地工作，解決這些問題，並將其對運營和財務的影響降至最低。通過戰略努力，我們在第四季度末穩定了收入。我們還採取了一些關鍵措施，如理順我們的員工隊伍，重組我們的銀行設施，以及通過次級債務籌集額外資本，以確保業務的長期可持續性。
Business Update
商業動態
The Advertising division faced challenges in the first half of 2022 due to market instability, resulting in reduced Advertising volumes and revenue for the first nine months of the year. The fourth quarter of 2022, in contrast, experienced higher volumes and produced higher revenue across the Company's Advertising customers. The increased volumes were attributed to the typical seasonality of television advertising, along with a noticeable uplift in creative television campaigns across all market sectors. This development is encouraging, as advertising volumes in Q4 2022, normalized for seasonality, exceeded those of the first three quarters of 2022, indicating an overall improvement in the industry.
由於市場不穩定，廣告部門在2022年上半年面臨挑戰，導致今年前九個月的廣告量和收入減少。相比之下，2022年第四季度的銷量更高，公司廣告客戶的收入也更高。銷量的增加歸因於電視廣告的典型季節性，以及所有市場領域的創意電視宣傳活動的顯著增加。這一髮展令人鼓舞，因為2022年第四季度的廣告量(經季節性調整)超過了2022年前三個季度，表明該行業的整體改善。
The Entertainment group, made up of our Music and Awards divisions, maintained steady customer volumes and revenue throughout the year, with no significant volatility during the year. Both the Music and Awards divisions aim to benefit from our investment in technology and platforms for future growth opportunities.
娛樂集團由我們的音樂和大獎部門組成，全年保持穩定的客戶數量和收入，年內沒有重大波動。音樂和大獎部門都致力於從我們對技術和平臺的投資中受益，以獲得未來的增長機會。
The Company continued to invest in our technology in 2022 as Yangaroo remains focused on key feature improvements for its Music platform and rebuilding its Awards platform. We are also focused on improving the useability of our Advertising platform with integrations for connected television ("CTV") and free ad-supported streaming television ("FAST") workflows and finalizing our television legal clearance platform ("Clearance"). These developments remain on time and within budget, with the completion of our new Awards platform expected in mid-2023.
公司在2022年繼續投資於我們的技術，因為Yanaroo仍然專注於其音樂平臺的關鍵功能改進和重建其Awards平臺。我們還致力於提高我們廣告平臺的可用性，整合聯網電視(“CTV”)和免費廣告支持的流媒體電視(“FAST”)工作流程，並最終確定我們的電視法律審批平臺(“Clearance”)。這些進展仍然按時並在預算範圍內，我們新的頒獎平臺預計將於2023年年中完成。
In the face of the challenges encountered by the Company in early 2022, Grant Schuetrumpf, CEO, said, "Yangaroo was proactive in its response in reducing overhead spending. To this end, the Company implemented cost control measures throughout the first half of the year, and this, in combination with one-time employment tax credits, resulted in a substantial increase in our EBITDA generation for the fourth quarter of 2022."
面對公司在2022年初遇到的挑戰，首席執行官Grant Schuetrampf表示：“Yanaroo在減少管理費用方面採取了積極主動的應對措施。為此，公司在今年上半年實施了成本控制措施，再加上一次性的就業稅收抵免，導致我們2022年第四季度的EBITDA收入大幅增加。”
Finally, during the fourth quarter of 2022, the Company successfully amended its term loan facility ("Amendment") after breaching certain conditions of the agreement in the first half of 2022. As a result of the Amendment, Yangaroo is now in good standing with respect to its obligations with our senior lender. The Company also strengthened its cash and balance sheet positions with the closing of a non-brokered, unsecured, convertible debenture ("Convertible Debenture Financing") in the amount of CAD $500,000 (see press release dated December 13, 2022, for further details on the Amendment and Convertible Debenture Financing).
最後，在2022年第四季度，公司在2022年上半年違反了協定的某些條件後，成功地修訂了其定期貸款安排(“修訂”)。作為修正案的結果，Yanaroo現在在與我們的高級貸款人的義務方面處於良好地位。公司還通過發行金額為500,000加元的非經紀、無擔保、可轉換債券(“可轉換債券融資”)加強了其現金和資產負債表狀況(有關修訂和可轉換債券融資的詳細資訊，請參閱日期為2022年12月13日的新聞稿)。
Q4 2022 Highlights
2022年第四季度亮點
- Advertising Division
- Experienced higher volumes and produced higher revenue across the Company's Advertising customers;
- Increased volumes were attributed to the typical seasonality of television advertising, along with a noticeable uplift in creative television campaigns across all market sectors.
- Entertainment Group (Music & Awards Divisions)
- Maintained steady customer volumes and revenue throughout the year.
- Maintained steady customer volumes and revenue throughout the year.
- Technology
- Advertising: user-interface redesign of our single player application to improve the look and feel of our order creation process to reduce the friction required for a release to be processed. Additional updates include the automation of analytics dashboards, analytics data, and various administrative workflow improvements;
- Awards: continued development of our new Judge 3.0 platform as well as critical updates on the existing Awards platform to make it highly scalable to drive efficiency and its competitiveness
- Finance
- Completed certain staff rationalizations and cost control initiatives;
- Completed term loan facility Amendment;
- Issued CAD $500,000 of Unsecured Convertible Debenture.
- 廣告部
- 在公司的廣告客戶中經歷了更高的銷量和更高的收入；
- 銷量的增加歸因於電視廣告的典型季節性，以及所有市場領域的創意電視宣傳活動的顯著增加。
- 娛樂集團(音樂和獎項部門)
- 全年保持穩定的客戶數量和收入。
- 全年保持穩定的客戶數量和收入。
- 技術
- 廣告：重新設計我們的單人應用程式的用戶界面，以改善訂單創建過程的外觀和感覺，以減少處理髮布所需的莫耳擦。其他更新包括自動化分析控制面板、分析數據和各種管理工作流改進；
- 大獎：繼續開發我們新的佳奇3.0平臺以及對現有大獎平臺的重要更新，使其具有高度的可擴展性，以提高效率和競爭力
- 金融
- 完成某些工作人員合理化和成本控制舉措；
- 已完成的定期貸款安排修正案；
- 發行500,000加元的無擔保可轉換債券。
Looking into 2023, Yangaroo remains focused on executing its growth strategy, expanding its customer base, and continuing to invest in its platform. While the advertising and entertainment markets remain unstable and uncertain, the Company is well-positioned to capitalize on organic and non-organic growth opportunities.
展望2023年，Yanaroo仍然專注於執行其增長戰略，擴大其客戶基礎，並繼續投資於其平臺。雖然廣告和娛樂市場仍然不穩定和不確定，但該公司處於有利地位，可以利用有機和非有機的增長機會。
Financial Highlights
財務亮點
|
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
||||||||
| BALANCE SHEET KPIs | |||||||||||
| Cash and cash equivalents | $ | 296,748 | $ | 346,744 | $ | 607,289 | $ | 783,159 | |||
| Working capital (deficiency) | $ | 217,710 | $ | (1,701,222) | $ | (1,517,889) | $ | (1,649,976) | |||
| Liquidity | $ | 737,680 | $ | 639,320 | $ | 1,033,533 | $ | 1,862,483 | |||
| INCOME STATEMENT KPIs | |||||||||||
| Revenue | $ | 2,097,353 | $ | 1,733,140 | $ | 1,915,307 | $ | 1,989,042 | |||
| Operating expenses | $ | 1,426,919 | $ | 1,987,591 | $ | 2,259,186 | $ | 2,492,222 | |||
| Other expenses (income) | $ | 148,123 | $ | (109,995) | $ | (2,133,145) | $ | 94,395 | |||
| Income (loss) for the period | $ | 522,311 | $ | (144,456) | $ | 1,789,266 | $ | (597,575) | |||
| EBITDA (loss) | $ | 816,075 | $ | 108,087 | $ | 2,047,149 | $ | (340,172) | |||
| EBITDA Margin % | 38.91% | 6.24% | 106.88% | -17.10% | |||||||
| Normalized EBITDA (loss) | $ | 833,974 | $ | 2,205 | $ | (42,766) | $ | (259,849) | |||
| Normalized EBITDA Margin % | 39.76% | 0.13% | -2.23% | -13.06% | |||||||
|
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
Q1 2022年 |
||||||||
| 資產負債表關鍵績效指標 | |||||||||||
| 現金和現金等價物 | $ | 296,748 | $ | 346,744 | $ | 607,289 | $ | 783,159 | |||
| 營運資金(不足) | $ | 217,710 | $ | (1,701,222) | $ | (1,517,889) | $ | (1,649,976) | |||
| 流動性 | $ | 737,680 | $ | 639,320 | $ | 1033,533 | $ | 1862,483 | |||
| 損益表KPI | |||||||||||
| 收入 | $ | 2097,353 | $ | 1733,140 | $ | 1915,307 | $ | 1989,042 | |||
| 運營費用 | $ | 1426,919 | $ | 1987,591 | $ | 2259,186 | $ | 2492,222 | |||
| 其他費用(收入) | $ | 148,123 | $ | (109,995) | $ | (2,133,145) | $ | 94,395 | |||
| 當期收入(虧損) | $ | 522,311 | $ | (144,456) | $ | 1,789,266 | $ | (597,575) | |||
| EBITDA(虧損) | $ | 816,075 | $ | 108,087 | $ | 2047,149 | $ | (340,172) | |||
| EBITDA利潤率% | 38.91% | 6.24% | 106.88% | -17.10% | |||||||
| 歸一化EBITDA(虧損) | $ | 833,974 | $ | 2205 | $ | (42,766) | $ | (259,849) | |||
| 歸一化EBITDA利潤率% | 39.76% | 0.13% | -2.23% | -13.06% | |||||||
About YANGAROO
關於揚加羅
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 centralized and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralized digital asset management, delivery and promotion. DMDS is used across the advertising, music, and entertainment awards show markets.
Yanaroo是媒體和娛樂行業的技術提供商，提供基於雲的軟體平臺，用於管理和分發數位媒體內容。Yanaroo的數位媒體分發系統(“DMDS”)平臺是一個獲得專利的基於雲的平臺，為客戶提供直接連接廣播電視廣播公司、數位顯示網路和視頻出版商的集中和全面集成的工作流程，以實現集中的數位資產管理、交付和推廣。DMDS廣泛應用於廣告、音樂和娛樂頒獎典禮市場。
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTC Pink: YOOIF.
YANGAROO在多倫多、紐約和洛杉磯設有辦事處。YANGAROO在多倫多證券交易所創業板(TSX-V)的交易代碼為Yoo，在美國的交易代碼為OTC Pink：YOOIF。
# # #
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For YANGAROO Investor Inquiries:
Dom Kizek
Ph: (416) 534 0607 #162
dom.kizek@yangaroo.com
對於YANGAROO投資者諮詢：
多姆·基澤克
電話：(416)534 0607#162
郵箱：dom.kizek@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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的準確性承擔責任。
Cautionary Note Regarding Forward-looking Statements
有關前瞻性陳述的注意事項
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.
本新聞稿包含適用於加拿大證券法的某些前瞻性陳述和前瞻性資訊(在此統稱為“前瞻性陳述”)。除有關當前或歷史事實的陳述外，所有陳述均為前瞻性陳述。前瞻性陳述常常但不總是通過使用諸如“預期”、“實現”、“可能”、“相信”、“計劃”、“打算”、“目標”、“持續”、“持續”、“估計”、“展望”、“預期”、“可能”、“將”、“專案”、“應該”或類似的詞語，包括其否定，來確定未來的結果。
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.
前瞻性陳述會受到已知和未知風險、不確定因素和其他因素的影響，其中許多風險、不確定因素和其他因素不是YANGAROO所能控制的，這些因素可能會導致YANGAROO的實際結果、活動水準、業績或成就與此類前瞻性陳述明示或暗示的結果大不相同，這些風險包括但不限於：發售所得資金的使用、收到對發售的所有必要批准、一般業務、經濟、競爭、政治和社會不確定性；談判不確定性以及技術行業的其他風險。儘管YANGAROO試圖確定可能導致實際結果與前瞻性陳述中包含的結果大不相同的重要因素，但可能還有其他因素導致結果與預期、估計或預期的結果不同。
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.
前瞻性陳述不是對未來業績的保證，涉及許多風險和不確定因素，本文對其中一些風險和不確定因素進行了描述。此類前瞻性表述必然涉及已知和未知的風險和不確定因素，這可能會導致揚加羅的實際業績和結果與此類前瞻性表述明示或暗示的對未來業績或結果的任何預測大不相同。任何前瞻性陳述都是自本新聞稿發佈之日起作出的，除非法律另有要求，否則揚加羅和揚加羅均不承擔公開更新或修改此類陳述以反映新資訊的義務，無論是後續資訊還是其他資訊。
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要查看本新聞稿的源版本，請訪問
