Vejii Holdings Ltd. Announces Q3 2021 Financial Results and Provides Q4 Guidance
Vejii Holdings Ltd. Announces Q3 2021 Financial Results and Provides Q4 Guidance
VANCOUVER, BC, Nov. 26, 2021 /PRNewswire/ - Vejii Holdings Ltd. (CSE: VEJI) ("Vejii" or the "Company"), a North American online marketplace for plant-based and sustainable products, is pleased to announce the filing of its interim unaudited and consolidated financial statements for the three months ending on September 30th, 2021. All amounts are reported in Canadian dollars. The information provided within this release should be read in conjunction with Vejii's unaudited interim consolidated financial statements for the three months ended September 30th, 2021 and the accompanying management's discussion and analysis ("MD&A") for the three months ended September 30th, 2021, which are available on the Company's SEDAR profile at www.sedar.com.
公元前温哥華,2021年11月26日/美通社/-Vejii控股有限公司(CSE:VEJI)(“Vejii”或“公司”),一家北美植物性和可持續產品的在線市場,高興地宣佈提交截至9月30日的三個月的中期未經審計和綜合財務報表,2021年。所有金額均以加元報告。本新聞稿中提供的信息應與Vejii截至三個月的未經審計的中期綜合財務報表一起閲讀九月三十日,2021年,以及隨附的管理層對截至9月30日的三個月的討論和分析(“MD&A”),2021年,可在該公司的SEDAR簡介中獲得,網址為www.sedar.com。
The Company reported revenue of $226,252 for the three months ended September 30th, 2021 and $783,236 for the nine months ended September 30, 2021. The Company is also pleased to report its Q4 guidance. With the acquisition of Veg Essentials LLC completed on October 28th, 2021, the Company expects fourth quarter consolidated revenues to be in the range of $1.1 million to $1.2 million. Key highlights for Q3 and further information are provide below.
該公司報告截至三個月的收入為226,252美元九月三十日,2021年和截至2021年的9個月為783,236美元2021年9月30日。本公司還很高興地報告其第四季度的指導意見。隨着對VEG Essentials LLC的收購於2021年10月28日完成,該公司預計第四季度的綜合收入將在110萬美元到120萬美元。下面提供了第三季度的主要亮點和更多信息。
Q3 2021 Financial Highlights
2021年第三季度財務亮點
The Company reported a gross profit of $52,448 and a gross margin of 23% for the three months ended September 30th, 2021 and gross profit of $109,053 and gross margin of 14% for the nine-month period ended September 30th, 2021.
該公司報告截至三個月的毛利為52,448美元,毛利率為23%九月三十日,2021年,截至2021年的毛利潤為109,053美元,毛利率為14%九月三十日, 2021.
The net loss reported was $2,308,682 for the quarter ending on September 30th, 2021, or $0.03 per common share and $7,159,773 and $0.10 for the 9 months ending September 30th, 2021.
截至以下日期的季度,報告的淨虧損為2,308,682美元九月三十日,2021年,或每股普通股0.03美元$7,159,773而截至9月底的9個月則為0.10美元九月三十日, 2021.
CEO Kory Zelickson stated: "We are particularly happy with our results this quarter, we were able to generate improved gross margin, lower cost of customer acquisition, and improved returns on ad spend right before going public in November of 2021. Now that we have dialled-in our processes and business model, we can more efficiently deploy capital in ramping up customer acquisition in a more sustainable manner. We believe partners are increasingly seeing the value we provide through our marketplace, with brands having the ability to either ship products direct to the consumer for orders received through Vejii, or leverage Vejii's established distribution network and take advantage of the fulfilled by Vejii service, where we handle pick, pack, and ship to the end customer via Vejii Express. With the increasing competition among CPG brands competing for the same limited shelf space and the same large retailers, we believe Vejii is well-positioned for growth as our ability to offer an ever-growing selection is not limited to a retail footprint. We welcome partnering with brands across every category of plant-based and sustainable products, as we continue to expand our distribution reach and gain new customers."
首席執行官科裏·澤利克森(Kory Zelickson)表示:“我們對本季度的業績特別滿意,在2021年11月上市前,我們實現了更高的毛利率,更低的客户獲取成本,以及更高的廣告支出回報。既然我們已經改變了我們的流程和業務模式,我們就可以更有效地配置資本,以更可持續的方式擴大客户獲取。我們相信,合作伙伴越來越多地看到我們通過我們的市場提供的價值,品牌有能力將產品直接發貨給通過Vejii收到的訂單的消費者,或者利用Vejii建立的分銷網絡並利用Vejii提供的Fuled By Vejii服務,我們通過Vejii Express處理挑揀、包裝和發貨給最終客户。隨着CPG品牌之間爭奪同樣有限的貨架空間和同樣的大型零售商之間的競爭日益激烈,我們相信Vejii為增長做好了準備,因為我們提供不斷增長的選擇的能力並不侷限於零售足跡。我們歡迎與每一類植物性和可持續產品的品牌合作,因為我們繼續擴大我們的分銷範圍並獲得新的客户。“
Management Commentary
Over the last few quarters, the Company has been focused on improving gross margins, reducing the cost of customer acquisition ("CAC"), and increasing return on ad spend ("ROAS"), the improvements achieved through these efforts are anticipated to have a positive impact as the Company continues to deploy capital to scale its customer acquisition.
管理評論
在過去的幾個季度中,公司一直專注於提高毛利率、降低客户獲取成本(“CAC”)和增加廣告支出回報(“ROA”),通過這些努力實現的改善預計將產生積極影響,因為公司將繼續部署資本來擴大其客户獲取規模。
The Company officially launched its marketplace shopvejii.com and commenced sales on November 19th, 2020. Hence, this is the first year of operations and prior to this period, the Company was in process of establishing the business.
本公司於2020年11月19日正式開通了集市shop vejii.com並開始銷售。因此,這是運營的第一年,在此之前,該公司正在建立業務。
Revenues throughout the third quarter and the year continue to be favourably impacted by our strategy to expand product offerings and focus on logistics solutions like same-day delivery in key markets, which in turn drive higher average order values and order frequency.
第三季度和全年的收入繼續受到我們擴大產品供應和專注於關鍵市場當天送貨等物流解決方案的戰略的有利影響,這反過來又推動了更高的平均訂單價值和訂單頻率。
Key Performance Metrics
Cost of Customer Acquisition
Vejii has steadily driven down its cost of customer acquisition over the last several months. For September 2021, CAC for new customer accounts was $67.43 and has continued to trend down in October.
關鍵績效指標
客户獲取成本
在過去的幾個月裏,Vejii穩步降低了客户獲取成本。2021年9月,新客户的CAC為$67.43並在10月份繼續呈下降趨勢。
Return on Ad Spend
During the nine-month period ending September 2021, return on ad spend continued to trend upwards and showed significant improvement over the past nine months. The upward trend has continued to improve into Q4 as well, which shows Vejii's ability to deliver improved returns on capital it deploys towards customer acquisition efforts.
廣告支出的回報
在截至2021年9月的9個月期間,廣告支出回報率繼續呈上升趨勢,並在過去9個月顯示出顯著改善。第四季度的上升趨勢也在繼續改善,這表明Vejii有能力提高其用於客户獲取努力的資本回報率。
Q4 2021 Guidance
2021年第四季度指導
With the acquisition of Veg Essentials LLC completed on October 28th, 2021, on a pro-forma basis, the Company's consolidated revenues are expected to be in the range of $1.1 million to $1.2 million for the fourth quarter.
隨着對VEG Essentials LLC的收購於2021年10月28日完成,預計公司的綜合收入將在110萬美元第四季度為120萬美元。
About Vejii Holdings Ltd.
關於Vejii控股有限公司
Headquartered in Kelowna B.C., Vejii is a unified digital marketplace and fulfilment platform featuring thousands of plant-based and sustainable-living products from a growing list of hundreds of vendors. The platform offers an easy-to-use, omnichannel experience for both vendors and buyers, leveraging big data and artificial intelligence to elegantly connect brands with a targeted consumer base, both organically and through specialized marketing programs. Dynamic fulfilment services empower brands to offer fast and reliable delivery, with ongoing engagement being driven through features like smart lists, subscription programs, reordering functions, sampling programs, and more.
Vejii總部位於不列顛哥倫比亞省基洛納(Kelowna B.C.),是一個統一的數字市場和實現平臺,擁有數以千計的植物性和可持續生活產品,這些產品來自越來越多的數百家供應商。該平臺為供應商和買家提供易於使用的全方位體驗,利用大數據和人工智能以有機方式和通過專門的營銷計劃,優雅地將品牌與目標消費者基礎聯繫起來。動態履行服務使品牌能夠提供快速可靠的交付,通過智能列表、訂閲計劃、重新訂購功能、抽樣計劃等功能推動持續參與。
Information on the Company and its many products can be accessed through the links below.
有關該公司及其許多產品的信息可通過以下鏈接訪問。
VejiiHoldings.com
VejiiHoldings.com
ON BEHALF OF THE BOARD OF DIRECTORS:
我謹代表董事會:
Kory Zelickson
科裏·澤利克森
Director and CEO
董事兼首席執行官
Find Vejii on Social Media: on Instagram, Facebook, Twitter and LinkedIn
在社交媒體上找到Vejii:在Instagram、Facebook、Twitter和LinkedIn上
No securities regulatory authority has either approved or disapproved of the contents of this news release.
沒有證券監管機構批准或不批准本新聞稿的內容。
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
有關前瞻性陳述的注意事項
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements in this press release relate to, without limitation, the Company's future performance, including increased revenues in Q4 2021, increased ROAS and continued reductions to CAC. Although 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 because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, risk factors described in the Company's final long form prospectus dated October 25, 2021. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation 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 laws.
本新聞稿包含與該公司相關的適用證券法所指的某些前瞻性陳述。這些前瞻性陳述通常由諸如“相信”、“項目”、“預期”、“預期”、“估計”、“打算”、“戰略”、“未來”、“機會”、“計劃”、“可能”、“應該”、“將”、“將”以及類似的表達方式來識別。本新聞稿中的前瞻性陳述涉及但不限於公司未來的業績,包括2021年第四季度收入的增加、ROA的增加和CAC的持續減少。儘管公司認為這些前瞻性陳述和信息所基於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,因為公司不能保證它們將被證明是正確的。由於前瞻性陳述和信息涉及未來事件和情況,它們本身就包含固有的風險和不確定因素。許多因素可能導致未來的實際事件與本新聞稿中的前瞻性陳述大不相同,包括但不限於公司於2021年10月25日提交的最終長篇招股説明書中描述的風險因素。提醒讀者,前面列出的因素並不是詳盡的。本新聞稿中包含的前瞻性陳述明確地受到本警告性聲明的限制。本新聞稿中包含的前瞻性陳述和信息是截至本新聞稿之日作出的,公司沒有義務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,除非適用法律有此要求。
SOURCE Vejii Holdings Ltd.
來源:Vejii Holdings Ltd.