AirIQ Announces March 31, 2024 Year End Results Reports Record Year for Recurring Revenue
AirIQ Announces March 31, 2024 Year End Results Reports Record Year for Recurring Revenue
TORONTO, ON / ACCESSWIRE / July 18, 2024 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT-based asset management solutions since 1997, today announced its financial results for the year ended March 31, 2024, reporting the highest recurring revenue since it began tracking this metric.
AirIQ Inc.("AirIQ")(tsxv:iq)自1997年以來一直是物聯網資產管理解決方案的領先者,本日宣佈其2024年3月31日結束財年的財務業績,報告了自開始跟蹤該指標以來最高的循環收入。
"We are very pleased to report that recurring revenue increased by 11% compared to the previous year." said Mike Robb, President and Chief Executive Officer of AirIQ. "We have reported recurring revenue growth for the eighth straight year representing an increase of over 100% during this period. The growth in recurring revenues has provided a strong base for future growth and profitability for our shareholders".
"我們非常高興地宣佈,與去年相比,我們的營業收入增長了11%。" AirIQ總裁兼首席執行官Mike Robb說。"我們已連續八年報告營業收入增長,這段期間增長超過了100%。營業收入的增長爲我們股東提供了未來增長和盈利的強有力基礎。"
"Over the past eight years, AirIQ has not only been consistently profitable but has also generated positive cash flow from operations. This has allowed us to take this opportunity to begin heavily investing in our sales and marketing efforts in order to lay the foundation for future growth in our recurring revenue at an accelerated rate", continued Mr. Robb.
"在過去的八年中,AirIQ不僅一直保持盈利能力,而且還從營運活動中獲得了正向的現金流。這使我們有機會開始大力投資於銷售和營銷工作,以便加速我們的營業收入增長,爲未來增長奠定基礎。" Robb先生繼續說道。
"In addition, during the fourth quarter, we successfully completed an acquisition of a customer base which generate approximately $370,000 of annual recurring revenue and represents an acquisition cost of less than 1x. We believe this acquisition will continue to drive recurring revenue growth in future periods and will continue to provide increased shareholder value", continued Mr. Robb.
"此外,在第四季度,我們成功地完成了一項客戶基礎的收購,這個客戶基礎每年創造大約370,000美元的營業收入,且收購成本不足1倍。我們相信,這項收購將在未來的幾個季度繼續推動營業收入的增長,並持續提供增長的股東價值。" Robb先生繼續說道。
All dollar amounts set out herein are in Canadian dollars unless marked otherwise.
除非另有標記,否則此處所設定的所有金額爲加幣。
Highlights for the year are as follows:
本年度亮點回顧:
Annual Highlights (for the year ended March 31, 2024 compared to March 31, 2023):
年度亮點(截至2024年3月31日,相比於2023年3月31日):
Highest recurring revenue since the tracking of this metric began of $4,368,399 increased by 11% or $417,222 compared to $3,951,177 for the prior year.
Hardware and other revenue of $1,145,697 increased by 4% or $47,582 compared to $1,098,115 for the prior year.
Total revenue of $5,514,097 increased by 9% or $464,805 compared to $5,049,292 for the prior year.
Gross profit of $3,354,091 increased by 10% or $317,996 compared to $3,036,095 for the prior year.
Net income of $868,943 increased 1% or $5,707 compared to $863,236 over the prior year excluding the one-time deferred tax recovery of $2,830,204. Net income after tax decreased 76% or $2,824,497 compared to $3,693,440 for the prior year.
Cash and cash equivalents balance of $3,125,420 increased by 44% or $949,277 compared to $2,176,143 for the prior year period, marking this as the highest cash balance in the last 10 years.
Working capital of $3,411,865 increased by 24% or $663,625 compared to $2,748,240 for the prior year.
從開始跟蹤該指標以來的最高循環收入爲4368399加元,比上一財年增加11%或417222加元,而上一財年爲3951177加元。
硬件和其他營業收入1145697美元,比去年的1098115美元增長4%或47582美元。
總收入爲5514097加元,比上一財年增加9%或464805加元,而上一財年爲5049292加元。
毛利潤爲3354091加元,比上一財年增加10%或317996加元,而上一財年爲3036095加元。
扣除一次性遞延稅款收入2830204加元后,淨收入爲868943加元,比上一財年增加1%或5707加元,而上一財年爲863236加元。淨收入稅後下降76%或2824497加元,而上一財年爲3693440加元。
現金及現金等價物餘額爲3125420加元,比上一年同期增加44%或949277加元,這是過去10年中現金餘額最高的一個季度。
運營資金爲3411865加元,比上一財年增加24%或663625加元,而上一財年爲2748240加元。
Fourth Quarter Highlights:
第四季度亮點:
Recurring revenue of $1,097,161 increased by 4% or $46,258 compared to $1,050,903 for same quarter in the prior year and increased by 1% or $6,406 compared to $1,090,755 from the prior quarter.
Net income of $204,017 for the quarter increased by 30% or $46,585 compared to $157,432 for the same quarter in the prior year (excluding the one-time deferred tax recovery of $2,830,000).
循環收入爲1097161加元,比上一年同季度增加4%或46258加元,而上一財季爲1090755加元,比上一季度增長1%或6406加元。
本季度淨收入爲204017加元,比上一年同季度增加30%或46585加元(不包括一次性遞延稅款收入2830000加元)。
Business Review
業務回顧
Intangibles - Customer Contracts
無形資產-客戶合同
During the year ended March 31, 2024, the Company has acquired customer lists from a former reseller of the Company through the settlement of trade receivables in the amount of $218 (March 31, 2023 - $312), which was recognized as the value of the intangible asset. The acquisition did not require the use of cash by the Company and there are no additional costs associated with the acquisition.
在截至2024年3月31日的一年中,公司通過結算應收賬款的方式從一家前代理商處購買了客戶名單,金額爲218加元(2023年3月31日爲312加元),這被認定爲無形資產的價值。該公司的收購不需要使用現金,也沒有與收購相關的其他費用。
Normal Course Issuer Bid
普通股回購計劃
The Company filed a Notice of Intention to Make a Normal Course Issuer Bid (the "Bid") with the TSX Venture Exchange ("TSXV") commencing June 23, 2023 and ending on June 22, 2024. Pursuant to the Bid, the Company proposed to purchase through the facilities of the TSXV up to 1,468,379 common shares, representing approximately 5% of the then issued and outstanding common shares of the Company.
公司向TSX Venture Exchange("TSXV")提交了《意向通知書》("Bid"),於2023年6月23日開始,於2024年6月22日結束。根據Bid,公司擬通過TSXV的設施購買高達1468379股普通股,該股份約佔公司已發行和流通普通股的5%。
During the year ended March 31, 2024, the Company purchased 140,000 common shares for cancellation under the Bid for a total of $51 or $0.36 per common share (March 31, 2023 - 360,500 common shares were purchased for cancellation for a total of $98 or $0.27 per common share), plus an additional $1 in broker fees were paid for the repurchase of the shares (March 31, 2023 - $1). The 140,000 common shares were cancelled on April 21, 2024.
在截至2024年3月31日的一年中,公司在買盤中以總價51美元或每股0.36美元的價格購買了140,000股普通股以進行註銷(2023年3月31日 - 以總價98美元或每股0.27美元的價格購買了360,500股普通股進行註銷),另外支付了1美元的經紀人費用進行股份回購(2023年3月31日 - 1美元)。這140,000股普通股於2024年4月21日被註銷。
Stock Option Plan
股票期權計劃
On September 21, 2023 and on March 25, 2024, the Company granted options to officers of the Company to acquire up to 100,000 and 400,000 common shares, respectively, in the capital of the Company at an exercise price of $0.44 and $0.42, respectively, per share. The Company also granted options to a Board member to acquire up to 50,000 common shares at an exercise price of $0.44 per share on September 21, 2023.
公司於2023年9月21日和2024年3月25日向公司高管授予期權,以購買公司資本中的最高100,000股和400,000股普通股,行使價格分別爲每股0.44美元和每股0.42美元。公司還授予董事會成員自2023年9月21日起行使價格爲每股0.44美元的期權以購買最高50,000股普通股。
Subsequent Events
後續事件
Normal Course Issuer Bid
普通股回購計劃
Subsequent to March 31, 2024, the Company had repurchased an aggregate of 17,500 common shares for cancellation (purchase dates of April 11, 2024 of 5,000 common shares, May 16, 2024 of 10,000 common shares, and May 17, 2024 of 2,500 common shares) under the current Bid.
截至2024年3月31日後,公司在當前買盤下回購了17,500股普通股進行註銷(購買日期分別爲2024年4月11日的5,000股普通股、2024年5月16日的10,000股普通股和2024年5月17日的2,500股普通股)。
The Company had also announced the renewal of its normal course issuer bid on June 24, 2024, to purchase up to 1,468,004 common shares representing 5% of the Company's then current issued and outstanding common shares through the facilities of the TSXV during the period commencing June 27, 2024 and ending on June 26, 2025 (the "Renewal Bid"). As of July 8, 2024, the Company has not repurchased any shares for cancellation pursuant to the Renewal Bid.
公司於2024年6月24日宣佈更新其正常股票回購計劃,在2024年6月27日至2025年6月26日期間通過tsxv就代表公司發行和流通的普通股購買最高1,468,004股普通股,佔公司當時發行和流通的普通股的5%(“更新買盤”)。截至2024年7月8日,公司尚未根據更新買盤迴購任何股票進行註銷。
As of the time of issuance of this press release, the Company has a total of 29,360,074 common shares issued and outstanding.
截至本新聞發佈之時,公司共發行和流通2936,0074股普通股。
Acquisition
收購
Subsequent to March 31, 2024, the Company had purchased certain assets including customers and licenses from a privately held dealer effective May 17, 2024 for a purchase price of U.S. $40,000 ($55,000).
截至2024年3月31日後,公司已經購買了某些資產,包括客戶和許可證,從一傢俬人經銷商處生效日期爲2024年5月17日,購買價爲40,000美元(55,000美元)。
SELECTED ANNUAL INFORMATION
Financial Highlights
In thousands of Canadian Dollars
精選年度信息
財務要點
以加拿大元千位爲單位
Year ended |
Year ended |
Year ended |
|
31-Mar-2024 |
31-Mar-2023 |
31-Mar-2022 |
|
Recurring revenues |
$4,368 |
$3,951 |
$3,504 |
Hardware and other revenues |
$1,146 |
$1,098 |
$866 |
Total revenues |
$5,514 |
$5,049 |
$4,370 |
Gross profit |
$3,354 |
$3,036 |
$2,679 |
Gross profit margin % |
61% |
60% |
61% |
Expenses (1) |
$2,052 |
$1,885 |
$1,770 |
EBITDAS (2) |
$1,302 |
$1,151 |
$909 |
Other expenses (3) |
$433 |
$288 |
$342 |
Deferred tax recovery |
- |
$2,830 |
- |
Total net income |
$869 |
$3,693 |
$567 |
Income per share, basic |
$0.03 |
$0.13 |
$0.02 |
Income per share, diluted |
$0.03 |
$0.12 |
$0.01 |
年度完結 |
年度完結 |
年度完結 |
|
2024年3月31日 |
2023年3月31日 |
2022年3月31日 |
|
循環收入 |
$4,368 |
$3,951 |
$3,504 |
硬件和其他收入 |
$1,146 |
$1,098 |
$866 |
總收入 |
$5,514 |
$5,049 |
$4,370 |
毛利潤 |
$3,354 |
$3,036 |
$2,679 |
毛利潤率% |
61% |
60% |
61% |
支出(1) |
$2,052 |
$1,885 |
1770美元 |
EBITDAS(2) |
$1,302 |
$1,151 |
$909 |
其他費用(3) |
$433 |
$288 |
$342 |
遞延稅款收回 |
- |
$2,830 |
- |
淨利潤總額 |
$869 |
$3,693 |
$567 |
每股基本收益 |
0.03美元 |
0.13元 |
$0.02 |
每股攤薄收益 |
0.03美元 |
$0.12 |
$0.01 |
Excludes share-based compensation and foreign exchange.
EBITDAS represents earnings before interest and non-cash items: depreciation and amortization, impairment of long-lived assets and share-based compensation.
Includes non-cash notional charges such as interest, depreciation and amortization, share-based expense and a one-time gain on deferred tax assets.
不包括股權激勵和匯率期貨。
EBITDAS代表利潤前利息和非現金項:折舊和攤銷,長期資產減值和股權激勵。
包括非現金虛擬費用,如利息,折舊和攤銷,股權支出以及一次性遞延稅資產收益。
Overview
概述
The Company's audited consolidated financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
公司的審計合併財務報表包括AirIQ及其子公司AirIQ U.S. Holdings,Inc.,AirIQ U.S.,Inc.和AirIQ,LLC。所有公司間餘額和交易在合併時已予以消除。
Financial Statements & MDA
基本報表&MDA
The Company's audited consolidated financial statements for the years ended March 31, 2024 and 2023 including notes thereto, and Management's Discussion and Analysis for the same period are being filed with the Canadian securities regulatory authorities on today's date and will be available on the Company's website () and on the System for Electronic Document Analysis and Retrieval ("SEDAR") website (). The Company's financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
公司於2024年3月31日和2023年3月31日結束的年度審核合併財務報表(含相關附註)以及同期管理層討論與分析報告已於今日提交加拿大證券監管機構,並將於公司網站()和電子文件分析與檢索系統("SEDAR")網站()上提供。公司財務報表包括AirIQ及其子公司AirIQ U.S. Holdings,Inc.,AirIQ U.S.,Inc.和AirIQ,LLC的賬目。所有公司內部結算餘額和交易已在合併報表中消除。
About AirIQ
關於AirIQ AirIQ (TSXV:IQ)成立於1997年,是IoT基礎資產管理解決方案的先驅。AirIQ的解決方案可使商業企業以可靠、高效和有效的方式幾乎實時地監測資產。公司開發了基於iOS、Android移動設備和基於雲端的解決方案,可作爲獨立解決方案或可輕鬆與現有軟件集成。AirIQ的解決方案可支持多個硬件選項,並提供車隊報告、維護、合規、安全和分析功能,同時還提供了一個完全集成的視頻遠程監控攝像頭解決方案以及針對非動力資產的電池供電解決方案。更多有關AirIQ的信息,請訪問公司的網站或關注我們在LinkedIn、Facebook、Twitter和Instagram上的動態。
AirIQ (TSXV: IQ) was founded in 1997 and is a pioneer in IoT based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The Company develops iOS and Android mobile and web-based applications, and cloud-based solutions that stand-alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery powered solution for non-powered assets. For additional information on AirIQ please visit the Company's website at or follow us on LinkedIn.
AirIQ (tsxv: IQ)成立於1997年,是物聯網資產管理解決方案領域的先驅。AirIQ的解決方案可以讓商業企業以幾乎實時的方式可靠、有效地監控資產。該公司開發iOS 和Android 移動和基於web 的應用程序,並提供可以獨立使用或可以輕鬆集成現有軟件的基於雲的解決方案。AirIQ的解決方案可以支持混合車隊,並利用多種硬件選項進行車隊報告、維護、合規性、安全性和分析,包括完全集成的視頻遙測攝像頭解決方案和用於非動力資產的電池解決方案。有關AirIQ的更多信息,請訪問該公司的網站或關注我們的LinkedIn頁面。
Forward-looking Statements
前瞻性聲明
This news release contains forward-looking information based on management's best estimates and the current operating environment. These forward-looking statements are related to, but not limited to, AirIQ's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains statements with words such as "hope", "goal", "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including AirIQ's perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements are as of the date which such statement is made and are subject to a number of known and unknown risks, uncertainties and other factors, which could cause actual results or events to differ materially from future results expressed, anticipated or implied by such forward-looking statements. Such factors include, but are not limited to, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Therefore, actual outcomes may differ materially from those expressed in such forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Other than as may be required by law, AirIQ disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of such information, future events or otherwise.
本新聞稿包含管理層基於最佳估計和當前運營環境所給出的前瞻性信息。這些前瞻性陳述涉及AirIQ的業務、預計的財務表現、業務前景和策略。前瞻性信息通常包含帶有"希望"、"目標"、"預期"、"相信"、"期望"、"計劃"或類似字眼的語句,暗示着未來的結果。這些陳述是基於某些具體的重要因素或假設進行的,這些因素或假設是涉及經營歷史趨勢、現有情況和預期未來發展以及管理層認爲在這種情況下適當的其他因素中進行的。這些前瞻性陳述是從發表此聲明之日起算的,並且需要承受一定已知和未知的風險、不確定性和其他因素的影響,這些風險、不確定性和其他因素可能會使實際結果或事件受到影響,這些結果或事件由此得出的預測、預期或暗示可能與實際結果不同。這些因素包括但不限於市場和競爭的變化、技術和競爭發展以及經濟條件普遍下滑的可能性。因此,實際結果可能與此類前瞻性陳述中表述的結果不同。前瞻性陳述是爲了提供有關管理層當前的期望和計劃,以便與讀者共享有關的信息。我們提醒讀者,這些信息可能不適合其他目的。除法律規定外,AirIQ不承擔任何意向或義務更新或修訂任何此類前瞻性陳述,無論是因此類信息、未來事件或其他原因引起的。
* * *
* * *
For more information please contact:
欲了解更多信息請聯繫::
AirIQ Inc.,
Michael Robb, President and Chief Executive Officer,
(905) 831-6444
mrobb@airiq.com
AirIQ Inc.,
Michael Robb,總裁兼首席執行官,
(905) 831-6444
mrobb@airiq.com
Neither 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 adequacy or accuracy of this release.
TSX tsx Venture交易所及其監管服務提供商(如TSX Venture交易所的政策中所定義的那樣)不承擔此發佈的充分性或準確性的責任。
SOURCE: AirIQ, Inc.
來源:AirIQ,Inc。