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ALUULA Reports First Quarter 2024 Financial Results

ALUULA Reports First Quarter 2024 Financial Results

ALUULA 公佈 2024 年第一季度財務業績
newsfile ·  03/27 06:00

Victoria, British Columbia--(Newsfile Corp. - March 27, 2024) - ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today reported its financial results for the three-month period ended January 31, 2024 ("Q1 2024"). All currency amounts are listed in Canadian dollars.

不列顛哥倫比亞省維多利亞--(Newsfile Corp.,2024 年 3 月 27 日)-ALUULA Composites Inc.(多倫多證券交易所股票代碼:AUA)(”ALUULA“或者”公司“)今天公佈了截至2024年1月31日的三個月期間的財務業績(”2024 年第一季度“)。所有貨幣金額均以加元列出。

"In Q1 2024, we achieved sales of $2.3 million, reflecting a 61% increase compared to the same period last year. This impressive growth is directly linked to an increase in new customers in our vertical markets," said Sage Berryman, CEO and President of ALUULA. "The wind sport sector has demonstrated strong sales growth for ALUULA. We've experienced our brand partner list quickly expand, gaining strong adoption of ALUULA materials with these leading partners. In the performance outdoor sector, we've also seen strong activity which we expect will start translating to meaningful revenue. We are pleased to see our customers support ALUULA's value proposition, reflected in the growing order volumes for our materials. This positive trend has successfully brought our gross margins into the target range for this quarter."

“在2024年第一季度,我們的銷售額達到230萬美元,與去年同期相比增長了61%。這種驚人的增長與垂直市場新客戶的增加直接相關。” ALUULA首席執行官兼總裁Sage Berryman說。“風能運動領域顯示出ALUULA的強勁銷售增長。我們經歷了品牌合作伙伴名單迅速擴大的經歷,ALUULA材料在這些領先合作伙伴中得到了廣泛採用。在高性能戶外領域,我們還看到了強勁的活動,我們預計這將開始轉化爲可觀的收入。我們很高興看到我們的客戶支持 ALUULA 的價值主張,這反映在我們材料訂單量的增長上。這一積極趨勢成功地使我們的毛利率達到了本季度的目標區間。”

During Q1 2024, ALUULA onboarded five new wind sports brands, commercialized products with nine, and also engaged with over thirty brands in the outdoor industry. The Company unveiled brand partnerships with Arc'teryx, Durston Gear, and Rockgeist.

在2024年第一季度,ALUULA加入了五個新的風能運動品牌,將產品商業化了九個,還與戶外行業的三十多個品牌進行了合作。該公司宣佈與Arc'teryx、Durston Gear和Rockgeist建立了品牌合作伙伴關係。

"ALUULA materials are known for delivering what they set out to. We are thrilled to see our sales pipeline remain robust and expanding, fueled by the growing demand for sustainable and high-performing textiles," said Berryman.

“ALUULA 材料以實現其預期目標而聞名。在對可持續和高性能紡織品需求不斷增長的推動下,我們很高興看到我們的銷售渠道保持強勁並不斷擴大,” 貝里曼說。

This quarter, ALUULA sold 54,924 square meters to seven commercialized customers at an average price of $31 per square meter, compared to 15,007 square meters sold to one customer in Q1 2023 at a similar average price per square meter, representing a 266% increase in sales volume. ALUULA considers companies purchasing more than 1,000 square meters of material as commercialized.

本季度,ALUULA向七個商業化客戶出售了54,924平方米,平均價格爲每平方米31美元,而2023年第一季度以類似的每平方米平均價格向一位客戶出售了15,007平方米,銷售量增長了266%。ALUULA將購買超過1,000平方米材料的公司視爲商業化。

"With Q2 2024 well underway, we are determined to maintain this momentum as we continue to expand our core business," said Berryman. "We aim to turn the interest we're seeing from brands wanting to partner with ALUULA into successful, long-term relationships."

貝里曼說:“隨着2024年第二季度進展順利,我們決心在繼續擴大核心業務的同時保持這一勢頭。”“我們的目標是將希望與ALUULA合作的品牌的興趣轉化爲成功的長期關係。”

Key Q1 2024 Highlights:

2024 年第一季度主要亮點:

  • Sales increased 61% or $880,553 to $2,334,255, compared to $1,453,702 during Q1 2023. The increase was primarily due to an increase in ALUULA's standalone sales which included existing wind sport customers ordering more materials during the quarter, several new wind sport brands ordering materials to support product launches, and material orders from new customers in the outdoor market.
    • ALUULA's sales increased by 36% or $613,643 to $2,334,255 in Q1 2024, compared to $1,720,612 in Q4 2023.
  • ALUULA's standalone sales increased by 179% or $1,281,747 when compared to Q1 2023. The increase was primarily due to an increase in sales to the wind sport and outdoor vertical markets. Q1 2023 sales were negatively impacted by a working capital shortage which resulted in a delay in fulfilling sales orders. ALUULA did not face the same challenges in Q1 2024 and was able to capitalize on prior years business development efforts by commercializing with new customers.
  • Cost of sales increased to $1,317,905 compared to $1,251,468 in Q1 2023.
  • Gross margin increased to 44% in Q1 2024 from 14% in Q1 2023.
  • Net loss and comprehensive loss was $228,972 for Q1 2024 compared to $1,165,151 for Q1 2023. The Q1 2024 net loss was primarily due to improved gross profits and lower operating expenses.
  • Onboarded five new wind sport brands bringing the total at the end of Q1 2023 to thirteen, with nine of these brands offering premium priced products featuring ALUULA materials.
  • Engaged with over thirty prominent Outdoor brands spanning various stages of the sales cycle, from initial needs analysis to field testing prototype products.
  • Showcased its new materials, Durlyte and Graflyte, at the November 2023 ISPO Trade Show ("ISPO") through the unveiling of its brand partnerships with Arc'teryx and Durston Gear. The Company also announced a brand partnership with Rockgeist.
  • 銷售 與2023年第一季度的1,453,702美元相比,增長了61%,或880,553美元,至2,334,255美元。增長的主要原因是ALUULA的獨立銷售額增加,其中包括現有風能運動客戶在本季度訂購更多材料,幾個新的風能運動品牌訂購材料以支持產品發佈,以及來自戶外市場新客戶的材料訂單。
    • ALUULA的銷售額在2024年第一季度增長了36%,達到613,643美元,達到2334,255美元,而2023年第四季度爲1,720,612美元。
  • ALUULA 的獨立銷售 與 2023 年第一季度相比,增長了 179%,達到 1,281,747 美元。增長主要是由於風能運動和戶外垂直市場的銷售額增加。2023 年第一季度的銷售受到營運資金短缺的負面影響,這導致銷售訂單的履行延遲。ALUULA 在 2024 年第一季度沒有遇到同樣的挑戰,並且能夠通過與新客戶進行商業化來利用前幾年的業務發展努力。
  • 銷售成本 與 2023 年第一季度的 1,251,468 美元相比,增至 1,317,905 美元。
  • 毛利率 從 2023 年第一季度的 14% 增加到 2024 年第一季度的44%。
  • 淨虧損和綜合虧損 2024 年第一季度爲 228,972 美元,而 2023 年第一季度爲 1,165,151 美元。2024年第一季度的淨虧損主要是由於毛利潤的提高和運營開支的降低。
  • 加入了五個新的風能運動品牌 使2023年第一季度末的總數達到十三個,其中九個品牌提供採用ALUULA材料的高價產品。
  • 與三十多個知名戶外品牌合作 涵蓋銷售週期的各個階段,從最初的需求分析到原型產品的現場測試。
  • 展示了其新材料 Durlyte 和 Graflyte, 在 2023 年 11 月的 ISPO 貿易展上 (”ISPO“)通過公佈其與Arc'teryx和Durston Gear的品牌合作伙伴關係。該公司還宣佈與Rockgeist建立品牌合作伙伴關係。

Key Q1 2024 Corporate Update

2024 年第一季度重要公司最新動態

During Q1 2024, ALUULA capitalized on momentum built during the fiscal 2023 year. The Company commercialized several products with new customers in the wind sport and outdoor vertical markets and reported its highest quarterly sales and material production since its inception. The Company is now uniquely positioned to focus on growth, expand its product offering, and capitalize on sales opportunities in the outdoor market and other vertical markets.

在2024年第一季度,ALUULA利用了2023財年建立的勢頭。該公司與風能運動和戶外垂直市場的新客戶一起將幾種產品商業化,並報告了自成立以來最高的季度銷售額和材料產量。該公司現在處於獨特的地位,可以專注於增長,擴大其產品供應,並利用戶外市場和其他垂直市場的銷售機會。

In fiscal 2023 ALUULA began working with customers across several vertical markets including Outdoor, Sailing, and Airships. Working in partnership with these customers in order to successfully replace incumbent materials in these new markets, ALUULA has developed additional products including ALUULA Durlyte ("Durlyte"), and ALUULA Graflyte ("Graflyte").

2023 財年,ALUULA 開始與多個垂直市場的客戶合作,包括戶外、帆船和飛艇。爲了成功取代這些新市場中的現有材料,ALUULA與這些客戶合作,開發了其他產品,包括ALUULA Durlyte(”Durlyte“) 和 ALULA Graflyte (”Graflyte").

After finalizing material specifications for Durlyte and Graflyte during Q4 2023, ALUULA showcased these materials and new brand partnerships at the ISPO, with highlights as follows:

在 2023 年第四季度最終確定了 Durlyte 和 Graflyte 的材料規格後,ALUULA 在 ISPO 上展示了這些材料和新的品牌合作伙伴關係,亮點如下:

  • Arc'teryx announced their collaboration with ALUULA and previewed a concept backpack which showcased new manufacturing technologies. These included "no sew" construction and other new finishing techniques made possible by the unique properties of ALUULA. A key feature of the concept backpack is that it is recycle-ready at the end of its useful life.
  • Durston Gear announced the launch of their first backpack featuring ALUULA's seam tape long with its Graflyte and Durlyte materials. The combination of these ALUULA materials enabled Durston to reduce the weight of their backpack by 50%.
  • Rockgeist, the first brand to launch ALUULA in the bike market, announced their collaboration with ALUULA to reshape bike pack performance by leveraging ALUULA materials' lightweight, waterproof, and abrasion-resistant properties as well as its unique construction methodologies, including welded seams.
  • Arc'teryx宣佈與ALUULA合作,並預覽了一款展示新制造技術的概念揹包。其中包括 “無縫製” 結構和其他新的表面處理技術,這要歸功於 ALUULA 的獨特特性。這款概念揹包的一個關鍵特點是,在使用壽命結束時可以回收利用。
  • Durston Gear宣佈推出他們的首款揹包,該揹包採用ALUULA的接縫膠帶和Graflyte和Durlyte材質。這些 ALUULA 材料的組合使德斯頓能夠將揹包的重量減輕了 50%。
  • Rockgeist是第一個在自行車市場推出ALUULA的品牌,宣佈與ALUULA合作,利用ALUULA材料的輕質、防水和耐磨特性以及包括焊接縫在內的獨特構造方法,重塑自行車揹包的性能。

Following ISPO, ALUULA's sales pipeline featuring outdoor vertical market opportunities grew by over thirty new leads.

繼ISPO之後,ALUULA以戶外垂直市場機會爲特色的銷售渠道增加了三十多條新線索。

In the wind sports market, ALUULA continued to gain momentum in Q1 2024, which represents the nearest term sales opportunity. Over the past two fiscal years, ALUULA commercialized with a limited number of brand partners to showcase its materials' competitive advantages. With ALUULA's Gold material's superior performance now successfully demonstrated, ALUULA is securing commitments from additional wind sport brands. At the end of Q1 2024, nine wind sport brands had launched products with the Gold material and an additional five are expected to follow during the second quarter of fiscal 2024.

在風能運動市場,ALUULA在2024年第一季度繼續保持增長勢頭,這是最近的銷售機會。在過去的兩個財年中,ALUULA與數量有限的品牌合作伙伴進行了商業化,以展示其材料的競爭優勢。隨着ALUULA金牌材料的卓越性能現已成功展現,ALUULA獲得了更多風能運動品牌的承諾。在2024年第一季度末,九個風能運動品牌推出了採用黃金材料的產品,預計在2024財年第二季度還將推出另外五個風能運動品牌的產品。

ALUULA's sales process and brand partnership development involves multiple steps, from initial contact through to final product launch. This process can be time consuming, though it ensures each product commercialization is successful. Although this long sales cycle results in delayed revenue, it is essential in order for ALUULA to maintain successful long-term customer and brand relationships, where ALUULA materials become the core ingredient of high-value products.

ALUULA 的銷售流程和品牌合作伙伴關係發展涉及多個步驟,從初次接觸到最終產品發佈。儘管可以確保每種產品的商業化成功,但這個過程可能很耗時。儘管這種漫長的銷售週期會導致收入延遲,但這對於ALUULA保持成功的長期客戶和品牌關係至關重要,在這種關係中,ALUULA材料成爲高價值產品的核心成分。

Financial Statements and Management's Discussion and Analysis

財務報表和管理層的討論與分析

This earnings press release should be read in conjunction with ALUULA's interim financial statements for the three months ended January 31, 2024 (the "Financial Statements ") and the related management's discussion & analysis (the "MD&A "), which can be found on ALUULA's website and its issuer profile on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at .

本收益新聞稿應與ALUULA截至2024年1月31日的三個月的中期財務報表一起閱讀(”財務報表 “)以及相關管理層的討論與分析(”MD&A “),可以在ALUULA的網站上找到,也可以在電子文件分析和檢索系統Plus上找到其發行人簡介(”SEDAR+“) 在。

About ALUULA Composites

關於 ALUULA 複合材料

ALUULA is a materials brand that improves the performance of outdoor gear with environmentally sustainable solutions. Proudly owned and manufactured on the Canadian west coast, ALUULA's innovation is driven by a deep understanding that equipment does not need to sacrifice performance for sustainability. ALUULA's materials are known for their unique construction capabilities and their ability to make products lighter, stronger, and more sustainable.

ALUULA 是一個材料品牌,通過環境可持續的解決方案改善戶外裝備的性能。ALUULA 自豪地在加拿大西海岸擁有和製造,其創新源於對設備無需爲了可持續發展而犧牲性能的深刻理解。ALUULA 的材料以其獨特的構造能力和使產品更輕、更堅固和更可持續的能力而聞名。

aluula.com | TSXV: AUUA

aluula.com | 多倫多證券交易所:AUUA

On behalf of the Board of Directors,
Sage Berryman
Chief Executive Officer
1-888-724-2470

我代表董事會,
Sage Berryman
首席執行官
1-888-724-2470

For ALUULA investor inquiries, please contact:

針對 ALUULA 投資者查詢,請聯繫:

1-888-724-2470, ext. 4
IR@aluula.com

1-888-724-2470,分機 4
IR@aluula.com

For ALUULA media relations, please contact:

用於 ALUULA 媒體關係,請聯繫:

info@aluula.com

info@aluula.com

ALUULA's Brand Partners

ALUULA 的品牌合作伙伴

The term "brand partners" does not refer to formal partnerships with our customers. The term refers to marketing relationships with our customers who use ALUULA's technology as a brand ingredient in their products.

“品牌合作伙伴” 一詞並不指與客戶的正式合作伙伴關係。該術語是指與使用ALUULA技術作爲產品品牌成分的客戶的營銷關係。

TSX Venture Exchange

多倫多證券交易所風險交易所

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資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。

Forward-Looking Statements

前瞻性陳述

The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based on assumptions subject to significant risks and uncertainties as described in the Company's management discussion and analysis. Because of these risks and uncertainties and as a result of a variety of factors, including the timing and receipt of all applicable regulatory, corporate third-party approvals, the actual results, expectations, achievements, or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

本新聞稿中的信息包括有關管理層對未來事件、預期、計劃和前景的看法的某些信息和陳述,這些信息和陳述構成前瞻性陳述。如公司管理層討論和分析所述,這些陳述基於存在重大風險和不確定性的假設。由於這些風險和不確定性以及各種因素,包括所有適用監管機構、企業第三方批准的時間和獲得情況,實際業績、預期、成就或業績可能與這些前瞻性陳述的預期和表現存在重大差異。儘管公司認爲前瞻性陳述中反映的預期是合理的,但它無法保證任何前瞻性陳述的預期都會被證明是正確的。除非法律要求,否則公司無意更新或修改任何前瞻性陳述以反映實際業績,也沒有義務更新或修改任何前瞻性陳述,無論這些陳述是由於新信息、未來事件、假設變化、影響此類前瞻性陳述的因素的變化還是其他原因造成的。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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