Vertiqal Studios Fiscal Year 2023 Reports 36% Revenue Increase, 51% Decrease in Adjusted EBITDA Loss, Outlining Optimistic Future
Vertiqal Studios Fiscal Year 2023 Reports 36% Revenue Increase, 51% Decrease in Adjusted EBITDA Loss, Outlining Optimistic Future
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Gamelancer Media Corp. (TSX: VRTS) (OTCQB: GAMGF) (FSE: P93) (dba Vertiqal Studios) ("the Company"), today unveiled its financial achievements for the fiscal year ended 2023, showcasing significant growth, strategic enhancements, and robust financial health. The announcement also highlights the company's positive outlook for fiscal 2024, emphasizing continued growth and expansion plans.
安大略省多倫多--(Newsfile Corp.,2024年4月2日)——Gamelancer Media Corp.(多倫多證券交易所股票代碼:VRTS)(OTCQB:GAMGF)(FSE:P93)(dba Vertiqal Studios)(“公司”)今天公佈了截至2023財年的財務業績,展示了顯著增長、戰略增強和強勁的財務狀況。該公告還強調了該公司對2024財年的樂觀前景,強調了持續的增長和擴張計劃。
In fiscal 2023, Vertiqal Studios made pivotal strides, marked by the strategic acquisition of OffBeat Media, which augmented its content portfolio and expanded its digital presence. The company fortified its capital position, evidenced by a 108% increase in cash through successful private placements of common shares, reflecting strong market confidence and a solid foundation for future initiatives. Leadership enhancements were a key focus, with the appointment of Tyler Wells as Chief Operating Officer, Pamela Glassman as Chief Revenue Officer, and Gopal Patel as Senior Vice President of Revenue Ops, among others, to bolster the executive team for accelerated growth.
在2023財年,Vertiqal Studios取得了關鍵的進步,其標誌是對OffBeat Media的戰略收購,這擴大了其內容組合並擴大了其數字影響力。該公司鞏固了其資本狀況,成功私募普通股使現金增長了108%,這反映了強大的市場信心和未來舉措的堅實基礎。領導力提升是重點,泰勒·威爾斯被任命爲首席運營官,帕梅拉·格拉斯曼爲首席營收官,戈帕爾·帕特爾被任命爲收入運營高級副總裁等,以加強執行團隊以加速增長。
The Company reported total revenues of $4,845,926 in 2023, representing a 36% increase from the previous fiscal year, and adjusted EBITDA loss of $2,960,784 compared to fiscal 2022 adjusted EBITDA loss of $6,134,460. Normalized cash expenses decreased by 24%, and adjusted EBITDA loss decreased significantly by 51%, demonstrating improved operational efficiencies and strategic execution.
該公司報告稱,2023年的總收入爲4,845,926美元,比上一財年增長36%,調整後的息稅折舊攤銷前利潤虧損爲2,960,784美元,而2022財年調整後的息稅折舊攤銷前利潤虧損爲6,134,460美元。正常現金支出下降了24%,調整後的息稅折舊攤銷前利潤虧損顯著下降了51%,這表明運營效率和戰略執行得到提高。
Gross margins also saw a substantial improvement of $3,439,770 (71% gross margin in fiscal 2023) in comparison to $2,344,653 (66% gross margin in fiscal 2022), representing a 47% increase year over year.
毛利率也大幅提高了3,439,770美元(2023財年毛利率爲71%),而毛利率爲2,344,653美元(2022財年毛利率爲66%),同比增長47%。
As part of the annual impairment analysis, the company identified an impairment due to changes in share price, market cap as well as macroeconomic themes that impacted 2023 guidance. It was imperative for the Company to recognize the true value of goodwill and intangible assets on its books to ensure no further impairment is recognized in future years.The company reported a Net Loss which includes all non-cash expenses of $49,018,797, a majority of which is related to the impairment losses on goodwill and intangible assets. When normalizing Losses before taxes, the Company saw a decrease of $3,119,347 in comparison to the previous fiscal year.
作爲年度減值分析的一部分,該公司確定了由於影響2023年指引的股價、市值和宏觀經濟主題的變化而導致的減值。公司必須確認賬面上商譽和無形資產的真實價值,以確保未來幾年不再確認減值。該公司報告的淨虧損包括49,018,797美元的所有非現金支出,其中大部分與商譽和無形資產的減值損失有關。在實現稅前虧損正常化時,公司與上一財年相比減少了3,119,347美元。
Looking to fiscal 2024, Vertiqal Studios guides to $8,600,000 in revenue, which represents a 79% growth over the prior year, generating positive EBITDA. This growth is expected to be driven by both TikTok & Meta brand deals, as well as the Company's growing Snapchat portfolio, demonstrating Vertiqal's diverse and robust business model. Strategic reductions in general and administrative expenses and professional fees are expected to contribute to achieving a positive EBITDA. A major strategic initiative for the coming year includes the expansion of Vertiqal Studios' presence in the US market, leveraging its strengthened sales department and new executive leadership, to capture increased market share and develop new revenue opportunities.
展望2024財年,Vertiqal Studios預計收入爲860萬美元,比上年增長79%,息稅折舊攤銷前利潤爲正。預計這一增長將受到抖音和元品牌交易的推動,以及該公司不斷增長的Snapchat產品組合,這表明了Vertiqal多樣而強大的商業模式。一般和管理費用以及專業費用的戰略性削減預計將有助於實現正的息稅折舊攤銷前利潤。來年的一項重大戰略舉措包括擴大Vertiqal Studios在美國市場的影響力,利用其加強的銷售部門和新的高管領導層,以抓住不斷增長的市場份額並開發新的收入機會。
Reflecting on the past year's success and the strategic direction for 2024, Jon Dwyer, Chairman & CEO of Vertiqal Studios, expressed optimism about the company's trajectory. "The past fiscal year was transformative for Vertiqal, marking significant milestones in financial performance, strategic positioning, and operational execution. Our sights are now set on 2024, with a strategic focus on innovation, market expansion, and maintaining financial discipline as we pursue our growth objectives," said Mr. Dwyer.
回顧過去一年的成功和2024年的戰略方向,Vertiqal Studios董事長兼首席執行官喬恩·德威爾對公司的發展軌跡表示樂觀。“上一財年對Vertiqal來說是變革性的,標誌着財務業績、戰略定位和運營執行方面的重要里程碑。我們現在將目光定在2024年,戰略重點是創新、市場擴張和在追求增長目標時保持財務紀律,” 德威爾說。
About Vertiqal Studios
關於垂直工作室
Vertiqal Studios is a leading digital-channel network and video-production studio specializing in the creation and distribution of viral videos. With a daily output of 100+ videos across 138 owned-and-operated channels, Vertiqal leverages TV economics to monetize content on platforms like TikTok and Instagram, and revenue-share on platforms such as Snapchat. The company's focus on producing and broadcasting performative organic content to an audience of over 52 million followers and subscribers, generating over 2 billion monthly video views, positions Vertiqal as a key player in scalable marketing concepts with brands, agencies, and creators for full production and distribution brand campaigns on major social platforms.
Vertiqal Studios是一家領先的數字頻道網絡和視頻製作工作室,專門從事病毒視頻的創作和分發。Vertiqal每天在138個自有和運營的頻道上輸出100多個視頻,它利用電視經濟學將抖音和Instagram等平台上的內容貨幣化,並在Snapchat等平台上實現收入分成。該公司專注於爲超過5200萬粉絲和訂閱者製作和廣播具有表演性的有機內容,每月視頻觀看次數超過20億,這使Vertiqal成爲與品牌、代理商和創作者一起在主要社交平台上全面製作和分發品牌活動的可擴展營銷概念的關鍵參與者。
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媒體垂詢,請聯繫:
Jon Dwyer
Chairman and Chief Executive Officer
喬恩·德威爾
董事長兼首席執行官
+1 (416) 627-8868;
Email: jon@vertiqalstudios.com;
Investor Relations Email: ir@vertiqalstudios.com
+1 (416) 627-8868;
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投資者關係電子郵件:ir@vertiqalstudios.com
Forward-Looking Information
前瞻性信息
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
本新聞稿包含適用證券法所指的前瞻性聲明和前瞻性信息。這些陳述與未來的事件或未來的表現有關。除歷史事實陳述以外的所有陳述可能是前瞻性陳述或信息。前瞻性陳述和信息基於公司管理層做出的某些關鍵預期和假設。儘管公司管理層認爲此類前瞻性陳述和信息所依據的預期和假設是合理的,但不應過分依賴前瞻性陳述和信息,因爲無法保證它們會被證明是正確的。
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release.
提供前瞻性陳述和信息的目的是提供有關公司當前對未來的預期和管理計劃的信息。請讀者注意,依賴此類陳述和信息可能不適合用於其他目的,例如做出投資決策。由於前瞻性陳述和信息涉及未來的事件和狀況,因此就其本質而言,它們涉及固有的風險和不確定性。由於許多因素和風險,實際結果可能與目前的預期有重大差異。因此,讀者不應過分依賴本新聞稿中包含的前瞻性陳述和信息。
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
本新聞稿中包含的前瞻性陳述和信息截至本文發佈之日作出,除非適用的證券法有此要求,否則不承諾公開更新或修改任何前瞻性陳述或信息,無論是由於新信息、未來事件還是其他原因。本警告聲明明確限定了本新聞稿中包含的前瞻性陳述或信息。