PowerBand Announces First Quarter 2023 Financial Results
PowerBand Announces First Quarter 2023 Financial Results
TORONTO, ON / ACCESSWIRE / May 31, 2023 / PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) ("PowerBand" "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to lease and finance vehicles, is announcing that it has filed its Interim Consolidated Financial Statements and Management's Discussion and Analysis report for the three-month period ended March 31, 2023. These documents may be viewed under the Company's profile at .
安大略省多倫多/ACCESSWIRE/2023 年 5 月 31 日/ PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (法蘭克福:1zVA) (”功率波段“”PBX“或者“公司“)是將在線體驗轉變爲租賃和融資工具的綜合電子商務解決方案,它宣佈已提交截至2023年3月31日的三個月期間的中期合併財務報表和管理層討論與分析報告。這些文件可以在公司簡介下查看,網址爲。
Revenue for the first quarter of 2023 decreased to $838,693 in comparison to Q4/2022 revenue of $2,054,728 as well as Q1/2022 of $5,962,029. The revenue for the first quarter of 2023 is primarily from the servicing of the existing lease portfolio. The Company continues to work with its funding partners to re-commence the origination of leases and will provide an update when available. Adjusted EBITDA loss for the first quarter of 2023 has decreased by $137,527 or 6% in comparison to Q4/2022 which is the result of further cost reduction measures initiated by the Company to maintain the operating expenses at the minimal as required for the planned growth.
2023年第一季度的收入降至838,693美元,而2022年第四季度的收入爲2,054,728美元,2022年第一季度的收入爲5,962,029美元。2023 年第一季度的收入主要來自現有租賃組合的服務。公司繼續與其融資合作伙伴合作,重新開始租賃的發放,並將在可用時提供最新信息。與2022年第四季度相比,2023年第一季度調整後的息稅折舊攤銷前利潤虧損減少了137,527美元,下降了6%,這是公司啓動的進一步成本削減措施的結果,旨在將運營支出維持在計劃增長所需的最低水平。
Cash on hand as at March 31, 2023 was $11,602,780 compared to $10,299,414 as at December 31, 2022. The cash balance at March 31, 2023, included cash collected from lease holders on leases that are serviced by the Company and reported as accounts payable.
截至2023年3月31日,手頭現金爲11,602,780美元,而截至2022年12月31日爲10,299,414美元。截至2023年3月31日的現金餘額包括從租賃持有人那裏收取的現金,這些租賃由公司提供服務並列爲應付賬款。
About PowerBand Solutions, Inc.
關於 PowerBand 解決方案有限公司
PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, and funders. PowerBand's transaction platform - being trademarked under DRIVRZ - is being made available across the United States of America.
在多倫多證券交易所風險交易所和OTCQB市場上市的PowerBand Solutions Inc. 是一家顛覆汽車行業的金融科技提供商。PowerBand 基於雲的集成交易平臺促進了消費者、經銷商和資助者之間的交易。PowerBand 的交易平臺——註冊商標爲 DRIVRZ -正在美利堅合衆國各地發售。
For further information, please contact:
Darrin Swenson
Chief Executive Officer and Director
E: Darrin.swenson@powerbandsolutions.com
P: 1-866-768-7653
欲瞭解更多信息,請聯繫:
達林·斯文森
首席執行官兼董事
E: Darrin.swenson@powerbandsolutions.com
P: 1-866-768-7653
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 news release.
多倫多證券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)均不對本新聞稿的充分性或準確性承擔責任。
Non-IFRS Measures:
非國際財務報告準則指標:
This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance withIFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.
本新聞稿包含非國際財務報告準則財務指標;公司認爲這些措施爲投資者提供了有關財務的有用補充信息其業務表現,可以比較不同時期的財務業績某些項目可能與業務績效無關,因此可以提高透明度關於管理層在業務運營中使用的關鍵指標。雖然管理認爲這些財務指標對於評估公司業績很重要,它們無意孤立地考慮,也不是用來替代或優於財務指標根據《國際財務報告準則》編制和列報的信息。這些非國際財務報告準則財務指標沒有任何標準化含義,可能無法與類似指標進行比較其他公司使用的措施。對於某些非國際財務報告準則財務指標,沒有國際財務報告準則下的直接可比金額。這些非國際財務報告準則財務指標不應是被視爲根據國際財務報告準則確定的財務業績衡量標準的替代辦法.此外,還逐年介紹了其中某些措施出於比較的目的,應提醒投資者注意調整的影響此處提供的對公司的經營業績有實際影響。
FORWARD-LOOKING STATEMENTS
前瞻性陳述
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "believes" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, expected benefits and results from operations, expected return to shareholders as a result of allocating growth capital and resources to the DrivrzFinancial platform, expected results of cost-saving initiatives, the resolution of lease repurchases with the financial institution, the re-commencement of lease originations through the Forward Flow Purchase and Security Agreement and the ability of PowerBand to secure additional funding lines for DrivrzFinancial are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
本新聞稿包含與公司相關的前瞻性陳述以及其他非歷史事實的陳述。前瞻性陳述通常由 “意願”、“可能”、“應該”、“預期”、“期望”、“相信” 等術語和類似表達方式來識別。本新聞稿中除歷史事實陳述以外的所有陳述,包括但不限於關於公司未來計劃和目標、運營預期收益和業績、向DrivrzFinancial平臺分配增長資本和資源給股東的預期回報、成本節約舉措的預期結果、與金融機構進行租賃回購的解決方案、通過遠期流購買和擔保協議重新啓動租賃發放的陳述PowerBand爲DrivrzFinancial獲得更多融資額度的能力是前瞻性陳述,涉及風險和不確定性。無法保證此類陳述會被證明是準確的,實際結果和未來事件可能與此類陳述中的預期存在重大差異。
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
提醒讀者,在準備任何前瞻性信息時使用的假設可能被證明是不正確的。由於許多已知和未知的風險、不確定性和其他因素,事件或情況可能導致實際業績與預測存在重大差異,其中許多因素是公司無法控制的。因此,我們無法保證任何前瞻性陳述都能兌現,並提醒讀者不要過分依賴任何前瞻性信息。儘管管理層在編寫時認爲此類信息是合理的,但可能被證明是不正確的,實際結果可能與預期的結果存在重大差異。
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
本警示聲明明確限制了本新聞稿中包含的前瞻性陳述。本新聞稿中包含的前瞻性陳述自本新聞稿發佈之日作出,除非加拿大證券法明確要求,否則公司沒有義務公開更新或修改所包含的任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。
SOURCE: PowerBand Solutions Inc.
來源: PowerBand 解決方案有限公司