Perimeter Solutions Reports First Quarter 2024 Financial Results
Perimeter Solutions Reports First Quarter 2024 Financial Results
Notably stronger YoY Fire Safety results in the seasonally modest first quarter
第一季度消防安全業績同比明顯走強
Significant rebound in Specialty Products revenue and Adjusted EBITDA
特種產品收入和調整後的息稅折舊攤銷前利潤大幅反彈
Repurchased 3 million shares in Q1 at an average price of $4.79
在第一季度回購了300萬股股票,平均價格爲4.79美元
Clayton, Missouri--(Newsfile Corp. - May 9, 2024) - Perimeter Solutions, SA (NYSE: PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as high-quality phosphorus-based specialty chemicals, today reported financial results for its first quarter ended March 31, 2024.
密蘇里州克萊頓--(Newsfile Corp.,2024年5月9日)——關鍵任務消防產品和服務以及高質量磷基特種化學品的領先提供商Perimeter Solutions, SA(紐約證券交易所代碼:PRM)(“Perimeter” 或 “公司”)今天公佈了截至2024年3月31日的第一季度財務業績。
First Quarter 2024 Results
2024 年第一季度業績
Net sales increased 35% to $59.0 million in the first quarter, as compared to $43.9 million in the prior year quarter.
Fire Safety sales increased 34% to $25.2 million, as compared to $18.7 million in the prior year quarter.
Specialty Products sales increased 35% to $33.9 million, as compared to $25.1 million in the prior year quarter.
Net loss during the first quarter was $82.6 million, or $0.57 per diluted share, a decrease of $92.0 million from net income of $9.4 million, or $0.06 per diluted share in the prior year quarter.
Adjusted EBITDA increased 289% to $12.1 million in the first quarter, as compared to $3.1 million in the prior year quarter.
Fire Safety Adjusted EBITDA increased 93% to a loss of $0.2 million, as compared to a loss of $3.4 million in the prior year quarter.
Specialty Products Adjusted EBITDA increased 91% to $12.4 million, as compared to $6.5 million in the prior year quarter.
第一季度的淨銷售額增長了35%,達到5,900萬美元,而去年同期爲4,390萬美元。
消防安全銷售額增長了34%,達到2520萬美元,而去年同期爲1,870萬美元。
特種產品的銷售額增長了35%,達到3,390萬美元,而去年同期爲2510萬美元。
第一季度的淨虧損爲8,260萬美元,攤薄每股虧損0.57美元,較上一季度的940萬美元淨收益減少了9,200萬美元,攤薄每股虧損0.06美元。
第一季度調整後的息稅折舊攤銷前利潤增長了289%,至1,210萬美元,而去年同期爲310萬美元。
消防安全調整後的息稅折舊攤銷前利潤增長了93%,至虧損20萬美元,而上一季度的虧損爲340萬美元。
特種產品調整後的息稅折舊攤銷前利潤增長了91%,至1,240萬美元,而去年同期爲650萬美元。
Conference Call and Webcast
電話會議和網絡直播
As previously announced, Perimeter Solutions management will hold a conference call at 8:30 a.m. ET on Thursday, May 9, 2024 to discuss financial results for the first quarter 2024 . The conference call can be accessed by dialing (877) 407-9764 (toll-free) or (201) 689-8551 (toll).
正如先前宣佈的那樣,Perimeter Solutions管理層將於美國東部時間2024年5月9日星期四上午8點30分舉行電話會議,討論2024年第一季度的財務業績。可以通過撥打 (877) 407-9764(免費電話)或 (201) 689-8551(長途電話)來接聽電話會議。
The conference call will also be webcast simultaneously on Perimeter's website (), accessed under the Investor Relations page. The webcast link will be made available on the Company's website prior to the start of the call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
電話會議還將同時在Perimeter的網站 () 上進行網絡直播,可在投資者關係頁面下訪問。網絡直播鏈接將在電話會議開始之前在公司網站上公佈;訪問我們網站的投資者關係頁面,進入新聞與活動菜單,然後單擊 “活動與演示”。
A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
電話會議期間還將提供幻燈片演示以供參考;請訪問我們網站的投資者關係頁面,進入 “新聞與活動” 菜單,然後單擊 “活動與演示”。
Following the live webcast, a replay will be available on the Company's website. A telephonic replay will also be available approximately two hours after the call and can be accessed by dialing (877) 660-6853 (toll-free) or (201) 612-7415 (toll). The telephonic replay will be available until June 8, 2024.
網絡直播結束後,公司網站上將提供重播。電話重播也將在通話結束大約兩小時後提供,撥打(877)660-6853(免費電話)或(201)612-7415(長途電話)即可觀看。電話重播將持續到2024年6月8日。
About Perimeter Solutions
關於外圍解決方案
Perimeter Solutions is a leading global solutions provider, providing high-quality firefighting products and phosphorus-based specialty chemicals . The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products.
Perimeter Solutions是全球領先的解決方案提供商,提供高質量的消防產品和磷基特種化學品。該公司的業務分爲兩個報告部門:消防安全和特種產品。
The Fire Safety business consists of formulating, manufacture and sale of fire retardants and firefighting foams that assist in combating various types of fires, including wildland, structural, flammable liquids and others. Our Fire Safety business also offers specialized equipment and services, typically in conjunction with our fire management products, to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations in North America and internationally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a "never-fail" service network. The segment sells products to government agencies and commercial customers around the world.
消防安全業務包括配製、製造和銷售阻燃劑和消防泡沫,這些火災有助於撲滅各種類型的火災,包括野火、結構性火災、易燃液體等。我們的消防安全業務還提供專業設備和服務,通常與我們的消防管理產品配合使用,以支持客戶的消防行動。我們的專業設備包括空軍基地阻燃劑儲存、混合和輸送設備;移動阻燃基地;阻燃地面應用裝置;移動泡沫設備;以及我們爲滿足特定客戶需求而定製設計和製造的設備。我們的服務網絡可以滿足北美 150 多個空中加油機基地以及北美和國際上許多其他客戶地點的緊急補給需求。該細分市場建立在卓越的技術、對客戶需求的出色響應以及 “永無故障” 的服務網絡的前提下。該部門向世界各地的政府機構和商業客戶銷售產品。
The Specialty Products business produces and sells high quality Phosphorus Pentasulfide ("P2S5") primarily used in the preparation of lubricant additives, including a family of compounds called Zinc Dialkyldithiophosphates ("ZDDP") that provide critical anti-wear protection to engine components. P2S5 is also used in pesticide and mining chemicals applications.
特種產品業務生產和銷售高質量的五硫化磷(“P2S5“)主要用於製備潤滑油添加劑,包括一系列名爲二烷基二硫代磷酸鋅(“ZDDP”)的化合物,它們爲發動機部件提供關鍵的抗磨保護。P2S5 還用於農藥和採礦化學品的應用。
Forward-Looking Information
前瞻性信息
This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods.
本新聞稿可能包含1995年《美國私人證券訴訟改革法》安全港條款所指的 “前瞻性陳述”。前瞻性陳述涉及風險和不確定性,可能導致實際結果與前瞻性陳述中的結果存在重大差異。前瞻性陳述可以通過諸如 “預測”、“打算”、“計劃”、“目標”、“尋求”、“相信”、“項目”、“估計”、“預期”、“戰略”、“未來”、“可能”、“應該”、“將” 等詞語來識別,以及對未來時期的類似提法。
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Perimeter believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Perimeter's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 22, 2024. Shareholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements.
任何此類前瞻性陳述都不能保證業績或結果,並涉及風險、不確定性(其中一些是公司無法控制的)和假設。儘管Perimeter認爲任何前瞻性陳述都是基於合理的假設,但您應該意識到,許多因素可能會影響Perimeter的實際財務業績,並導致它們與任何前瞻性陳述中的預期存在重大差異,包括我們在向美國證券交易委員會(“SEC”)提交的文件中不時描述的風險因素,包括但不限於公司於2023年12月31日提交的截至2023年12月31日的10-K表年度報告將於 2024 年 2 月 22 日與美國證券交易委員會簽約。股東、潛在投資者和其他讀者在評估前瞻性陳述時應仔細考慮這些因素。
Any forward-looking statement made by Perimeter in this press release speaks only as of the date on which it is made. Perimeter undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Perimeter在本新聞稿中發表的任何前瞻性陳述僅代表其發表之日。除非法律要求,否則Perimeter沒有義務更新任何前瞻性陳述,無論是由於新信息、未來發展還是其他原因。
SOURCE: Perimeter Solutions, SA.
來源:南澳大利亞周界解決方案。
CONTACT: ir@perimeter-solutions.com
聯繫人:ir@perimeter-solutions.com
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except share and per share data)
(Unaudited)
周界解決方案,SA和子公司
簡明合併運營報表和綜合收益(虧損)
(以千計,股票和每股數據除外)
(未經審計)
Three Months Ended March 31, | ||||||
2024 | 2023 | |||||
Net sales | $ | 59,044 | $ | 43,858 | ||
Cost of goods sold | 38,342 | 33,461 | ||||
Gross profit | 20,702 | 10,397 | ||||
Operating expenses: | ||||||
Selling, general and administrative expense | 13,462 | 8,016 | ||||
Amortization expense | 13,771 | 13,763 | ||||
Founders advisory fees - related party | 68,333 | (24,236) | ||||
Other operating expense | — | 2 | ||||
Total operating expenses | 95,566 | (2,455) | ||||
Operating (loss) income | (74,864) | 12,852 | ||||
Other expense (income): | ||||||
Interest expense, net | 10,648 | 10,146 | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
Other expense, net | 27 | 72 | ||||
Total other expense, net | 11,968 | 9,743 | ||||
(Loss) income before income taxes | (86,832) | 3,109 | ||||
Income tax benefit | 4,274 | 6,322 | ||||
Net (loss) income | (82,558) | 9,431 | ||||
Other comprehensive (loss) income, net of tax: | ||||||
Foreign currency translation adjustments | (5,543) | 1,593 | ||||
Total comprehensive (loss) income | $ | (88,101) | $ | 11,024 | ||
Net (loss) earnings per share: | ||||||
Basic | $ | (0.57) | $ | 0.06 | ||
Diluted | $ | (0.57) | $ | 0.06 | ||
Weighted average number of ordinary shares outstanding: | ||||||
Basic | 145,326,933 | 157,700,326 | ||||
Diluted | 145,326,933 | 169,485,631 |
截至3月31日的三個月 | ||||||
2024 | 2023 | |||||
淨銷售額 | $ | 59,044 | $ | 43,858 | ||
銷售商品的成本 | 38,342 | 33,461 | ||||
毛利 | 20,702 | 10,397 | ||||
運營費用: | ||||||
銷售、一般和管理費用 | 13,462 | 8,016 | ||||
攤銷費用 | 13,771 | 13,763 | ||||
創始人諮詢費-關聯方 | 68,333 | (24,236) | ||||
其他運營費用 | — | 2 | ||||
運營費用總額 | 95,566 | (2,455) | ||||
營業(虧損)收入 | (74,864) | 12,852 | ||||
其他費用(收入): | ||||||
利息支出,淨額 | 10,648 | 10,146 | ||||
或有收益虧損 | — | 246 | ||||
外幣虧損(收益) | 1,293 | (721) | ||||
其他費用,淨額 | 27 | 72 | ||||
其他支出總額,淨額 | 11,968 | 9,743 | ||||
所得稅前(虧損)收入 | (86,832) | 3,109 | ||||
所得稅優惠 | 4,274 | 6,322 | ||||
淨(虧損)收入 | (82,558) | 9,431 | ||||
扣除稅款的其他綜合(虧損)收入: | ||||||
外幣折算調整 | (5,543) | 1,593 | ||||
綜合(虧損)收入總額 | $ | (88,101) | $ | 11,024 | ||
每股淨(虧損)收益: | ||||||
基本 | $ | (0.57) | $ | 0.06 | ||
稀釋 | $ | (0.57) | $ | 0.06 | ||
加權平均已發行普通股數量: | ||||||
基本 | 145,326,933 | 157,700,326 | ||||
稀釋 | 145,326,933 | 169,485,631 |
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
周界解決方案,SA和子公司
簡明合併資產負債表
(以千計,股票和每股數據除外)
March 31, 2024 | December 31, 2023 | |||||
Assets | (Unaudited) | |||||
Current assets: | ||||||
Cash and cash equivalents | $ | 34,382 | $ | 47,276 | ||
Accounts receivable, net | 38,393 | 39,593 | ||||
Inventories | 144,674 | 145,652 | ||||
Prepaid expenses and other current assets | 19,426 | 18,493 | ||||
Total current assets | 236,875 | 251,014 | ||||
Property, plant, and equipment, net | 58,194 | 59,402 | ||||
Operating lease right-of-use assets | 15,870 | 16,339 | ||||
Finance lease right-of-use assets | 6,748 | 6,064 | ||||
Goodwill | 1,031,388 | 1,036,279 | ||||
Customer lists, net | 663,573 | 674,786 | ||||
Technology and patents, net | 176,811 | 180,653 | ||||
Tradenames, net | 88,084 | 89,568 | ||||
Other assets, net | 1,204 | 1,317 | ||||
Total assets | $ | 2,278,747 | $ | 2,315,422 | ||
Liabilities and Shareholders Equity | ||||||
Current liabilities: | ||||||
Accounts payable | $ | 14,345 | $ | 21,639 | ||
Accrued expenses and other current liabilities | 40,208 | 30,710 | ||||
Founders advisory fees payable - related party | 8,028 | 2,702 | ||||
Total current liabilities | 62,581 | 55,051 | ||||
Long-term debt, net | 666,808 | 666,494 | ||||
Operating lease liabilities, net of current portion | 14,520 | 14,908 | ||||
Finance lease liabilities, net of current portion | 6,200 | 5,547 | ||||
Deferred income taxes | 247,981 | 253,454 | ||||
Founders advisory fees payable - related party | 117,222 | 56,917 | ||||
Redeemable preferred shares | 106,831 | 105,799 | ||||
Redeemable preferred shares - related party | 2,791 | 2,764 | ||||
Other liabilities | 2,155 | 2,193 | ||||
Total liabilities | 1,227,089 | 1,163,127 | ||||
Commitments and contingencies | ||||||
Shareholders' equity: | ||||||
Ordinary shares, $1 nominal value per share; 4,000,000,000 shares authorized; 166,824,659 and 165,066,195 shares issued; 145,240,112 and 146,451,005 shares outstanding at March 31, 2024 and December 31, 2023, respectively | 166,825 | 165,067 | ||||
Treasury shares, at cost; 21,584,547 and 18,615,190 shares at March 31, 2024 and December 31, 2023, respectively | (127,685) | (113,407) | ||||
Additional paid-in capital | 1,701,147 | 1,701,163 | ||||
Accumulated other comprehensive loss | (25,253) | (19,710) | ||||
Accumulated deficit | (663,376) | (580,818) | ||||
Total shareholders' equity | 1,051,658 | 1,152,295 | ||||
Total liabilities and shareholders' equity | $ | 2,278,747 | $ | 2,315,422 |
2024年3月31日 | 2023年12月31日 | |||||
資產 | (未經審計) | |||||
流動資產: | ||||||
現金和現金等價物 | $ | 34,382 | $ | 47,276 | ||
應收賬款,淨額 | 38,393 | 39,593 | ||||
庫存 | 144,674 | 145,652 | ||||
預付費用和其他流動資產 | 19,426 | 18,493 | ||||
流動資產總額 | 236,875 | 251,014 | ||||
不動產、廠房和設備,淨額 | 58,194 | 59,402 | ||||
經營租賃使用權資產 | 15,870 | 16,339 | ||||
融資租賃使用權資產 | 6,748 | 6,064 | ||||
善意 | 1,031,388 | 1,036,279 | ||||
客戶名單,網絡 | 663,573 | 674,786 | ||||
技術和專利,網絡 | 176,811 | 180,653 | ||||
商標名稱,net | 88,084 | 89,568 | ||||
其他資產,淨額 | 1,204 | 1,317 | ||||
總資產 | $ | 2,278,747 | $ | 2,315,422 | ||
負債和股東權益 | ||||||
流動負債: | ||||||
應付賬款 | $ | 14,345 | $ | 21,639 | ||
應計費用和其他流動負債 | 40,208 | 30,710 | ||||
應付的創始人諮詢費-關聯方 | 8,028 | 2,702 | ||||
流動負債總額 | 62,581 | 55,051 | ||||
長期債務,淨額 | 666,808 | 666,494 | ||||
經營租賃負債,扣除流動部分 | 14,520 | 14,908 | ||||
融資租賃負債,扣除流動部分 | 6,200 | 5,547 | ||||
遞延所得稅 | 247,981 | 253,454 | ||||
應付的創始人諮詢費——關聯方 | 117,222 | 56,917 | ||||
可贖回優先股 | 106,831 | 105,799 | ||||
可贖回優先股-關聯方 | 2,791 | 2764 | ||||
其他負債 | 2,155 | 2,193 | ||||
負債總額 | 1,227,089 | 1,163,127 | ||||
承付款和意外開支 | ||||||
股東權益: | ||||||
普通股,每股面值1美元;已授權4,000,000股;已發行166,824,659股和165,066,195股;截至2024年3月31日和2023年12月31日分別已發行145,240,112和146,451,005股 | 166,825 | 165,067 | ||||
庫存股,按成本計算;截至2024年3月31日和2023年12月31日,分別爲21,584,547股和18,615,190股 | (127,685) | (113,407) | ||||
額外的實收資本 | 1,701,147 | 1,701,163 | ||||
累計其他綜合虧損 | (25,253) | (19,710) | ||||
累計赤字 | (663,376) | (580,818) | ||||
股東權益總額 | 1,051,658 | 1,152,295 | ||||
負債和股東權益總額 | $ | 2,278,747 | $ | 2,315,422 |
PERIMETER SOLUTIONS, SA AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
周邊解決方案、水療中心和子公司
簡明合併現金流量表
(以千計)
(未經審計)
Three Months Ended March 31, | ||||||
2024 | 2023 | |||||
Cash flows from operating activities: | ||||||
Net (loss) income | $ | (82,558) | $ 9,431 | |||
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||||||
Founders advisory fees - related party (change in fair value) | 68,333 | (24,236) | ||||
Depreciation and amortization expense | 16,412 | 16,087 | ||||
Interest and payment-in-kind on preferred shares | 1,764 | 1,698 | ||||
Share-based compensation | 1,742 | (3,074) | ||||
Non-cash lease expense | 1,392 | 1,153 | ||||
Deferred income taxes | (4,835) | (6,322) | ||||
Amortization of deferred financing costs | 427 | 410 | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
(Gain) loss on disposal of assets | (10) | 5 | ||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Accounts receivable | 874 | 1,670 | ||||
Inventories | 231 | (13,119) | ||||
Prepaid expenses and current other assets | (1,819) | 360 | ||||
Accounts payable | (7,208) | (10,878) | ||||
Income taxes payable, net | (174) | (7,381) | ||||
Accrued expenses and other current liabilities | 10,947 | 8,785 | ||||
Founders advisory fees - related party (cash settled) | (2,702) | (4,655) | ||||
Operating lease liabilities | (838) | (1,169) | ||||
Financing lease liabilities | (130) | — | ||||
Other, net | (355) | 94 | ||||
Net cash provided by (used in) operating activities | 2,786 | (31,616) | ||||
Cash flows from investing activities: | ||||||
Purchase of property and equipment | (1,553) | (2,456) | ||||
Proceeds from short-term investments | 1,081 | — | ||||
Net cash used in investing activities | (472) | (2,456) | ||||
Cash flows from financing activities: | ||||||
Ordinary shares repurchased | (14,278) | (864) | ||||
Principal payments on finance lease obligations | (172) | — | ||||
Net cash used in financing activities | (14,450) | (864) | ||||
Effect of foreign currency on cash and cash equivalents | (758) | (25) | ||||
Net change in cash and cash equivalents | (12,894) | (34,961) | ||||
Cash and cash equivalents, beginning of period | 47,276 | 126,750 | ||||
Cash and cash equivalents, end of period | $ | 34,382 | $ | 91,789 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid for interest | $ | 151 | $ | 142 | ||
Cash paid for income taxes | $ | 818 | $ | 10,155 |
截至3月31日的三個月 | ||||||
2024 | 2023 | |||||
來自經營活動的現金流: | ||||||
淨(虧損)收入 | $ | (82,558) | 9,431 美元 | |||
爲將淨(虧損)收入與(用於)經營活動提供的淨現金進行對賬而進行的調整: | ||||||
創始人諮詢費-關聯方(公允價值變動) | 68,333 | (24,236) | ||||
折舊和攤銷費用 | 16,412 | 16,087 | ||||
優先股的利息和實物支付 | 1,764 | 1,698 | ||||
基於股份的薪酬 | 1,742 | (3,074) | ||||
非現金租賃費用 | 1,392 | 1,153 | ||||
遞延所得稅 | (4,835) | (6,322) | ||||
遞延融資成本的攤銷 | 427 | 410 | ||||
或有收益虧損 | — | 246 | ||||
外幣損失(收益) | 1,293 | (721) | ||||
處置資產的(收益)虧損 | (10) | 5 | ||||
扣除收購後的運營資產和負債的變化: | ||||||
應收賬款 | 874 | 1,670 | ||||
庫存 | 231 | (13,119) | ||||
預付費用和當前其他資產 | (1,819) | 360 | ||||
應付賬款 | (7,208) | (10,878) | ||||
應繳所得稅,淨額 | (174) | (7,381) | ||||
應計費用和其他流動負債 | 10,947 | 8,785 | ||||
創始人諮詢費-關聯方(現金結算) | (2,702) | (4,655) | ||||
經營租賃負債 | (838) | (1,169) | ||||
融資租賃負債 | (130) | — | ||||
其他,淨額 | (355) | 94 | ||||
由(用於)經營活動提供的淨現金 | 2,786 | (31,616) | ||||
來自投資活動的現金流: | ||||||
購買財產和設備 | (1,553) | (2,456) | ||||
短期投資的收益 | 1,081 | — | ||||
用於投資活動的淨現金 | (472) | (2,456) | ||||
來自融資活動的現金流: | ||||||
回購的普通股 | (14,278) | (864) | ||||
融資租賃債務的本金支付 | (172) | — | ||||
用於融資活動的淨現金 | (14,450) | (864) | ||||
外幣對現金和現金等價物的影響 | (758) | (25) | ||||
現金和現金等價物的淨變化 | (12,894) | (34,961) | ||||
現金和現金等價物,期初 | 47,276 | 126,750 | ||||
現金和現金等價物,期末 | $ | 34,382 | $ | 91,789 | ||
現金流信息的補充披露: | ||||||
支付利息的現金 | $ | 151 | $ | 142 | ||
爲所得稅支付的現金 | $ | 818 | $ | 10,155 |
Non-GAAP Financial Metrics
非公認會計准則財務指標
Adjusted EBITDA
調整後 EBITDA
The computation of Adjusted EBITDA is defined as net income plus income tax expense, net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items in a balanced manner. These items include (i) acquisition, integration and restructuring related costs (ii) founder advisory fee expenses, (iii) stock compensation expense and (iv) foreign currency loss (gain). To supplement the Company's condensed consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of Adjusted EBITDA, which is a non-GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands).
調整後息稅折舊攤銷前利潤的計算定義爲淨收入加上所得稅支出、淨利息和其他融資費用以及折舊和攤銷,對某些非經常性、異常或非運營項目進行一致的平衡調整。這些項目包括(i)收購、整合和重組相關成本(ii)創始人諮詢費支出,(iii)股票薪酬支出和(iv)外幣損失(收益)。爲了補充公司根據美國公認會計原則列報的簡明合併財務報表,Perimeter提供了一份摘要,以顯示調整後息稅折舊攤銷前利潤的計算結果。調整後息稅折舊攤銷前利潤是公司管理層和Perimeter財務報表外部用戶(例如投資者、商業銀行和其他人)使用的非公認會計准則衡量標準,不考慮融資方法、資本結構或歷史成本基礎。調整後的息稅折舊攤銷前利潤不應被視爲淨收益(虧損)、營業收入(虧損)、(用於)經營活動提供的現金流或根據美國公認會計原則列報的任何其他財務業績或流動性衡量標準(以千計)爲單位的替代方案。
(Unaudited) | Three Months Ended March 31, | |||||
2024 | 2023 | |||||
(Loss) income before income taxes | $ | (86,832) | $ 3,109 | |||
Depreciation and amortization | 16,412 | 16,087 | ||||
Interest and financing expense | 10,648 | 10,146 | ||||
Founders advisory fees - related party | 68,333 | (24,236) | ||||
Non-recurring expenses 1 | 540 | 1,559 | ||||
Share-based compensation expense | 1,742 | (3,074) | ||||
Loss on contingent earn-out | — | 246 | ||||
Foreign currency loss (gain) | 1,293 | (721) | ||||
Adjusted EBITDA | $ | 12,136 | $ | 3,116 |
(未經審計) | 截至3月31日的三個月 | |||||
2024 | 2023 | |||||
所得稅前(虧損)收入 | $ | (86,832) | 3,109 美元 | |||
折舊和攤銷 | 16,412 | 16,087 | ||||
利息和融資費用 | 10,648 | 10,146 | ||||
創始人諮詢費-關聯方 | 68,333 | (24,236) | ||||
非經常性費用 1 | 540 | 1,559 | ||||
基於股份的薪酬支出 | 1,742 | (3,074) | ||||
或有收益虧損 | — | 246 | ||||
外幣虧損(收益) | 1,293 | (721) | ||||
調整後 EBITDA | $ | 12,136 | $ | 3,116 |
_________________
_____________
(1) Adjustment to reflect non-recurring expenses; severance costs and integration and restructuring related costs.
(1) 調整以反映非經常性支出;遣散費用以及整合和重組相關成本。