Fountain Asset Corp. Announces Its Financial Results for the Quarter and Year Ended December 31, 2021
Fountain Asset Corp. Announces Its Financial Results for the Quarter and Year Ended December 31, 2021
TORONTO, April 21, 2022 (GLOBE NEWSWIRE) -- Fountain Asset Corp. (TSXV:FA) ("Fountain" or the "Company") would like to announce its financial results for the three months ended December 31, 2021 ("Q4/21") and for the year ended December 31, 2021 ("Fiscal 2021").
多倫多,2022年4月21日(環球通訊社)--噴泉資產公司。(TSXV:FA)(“噴泉”或“本公司”)宣佈截至2021年12月31日的三個月的財務業績(“Q4/21)及截至2021年12月31日止的年度(“2021財年").
Highlights from Q4/21:
21年第4季度亮點:
- Adjusted net asset value ("ANAV") of $24.44 million ($0.40 per share) at December 31, 2021 compared to $27.80 million ($0.45 per share) at September 30, 2021, representing an 11% decrease quarter over quarter on a per share basis. ANAV reflects the net asset value plus the amount of available tax loss pools available;
- Net comprehensive loss of $3.61 million compared to net comprehensive income of $4.54 million for three months ended December 31, 2020 ("Q4/20");
- Total revenue loss from investment activity was $3.01 million compared to total revenue of $3.97 million for Q4/20;
- Net realized gains on the sale of portfolio investments of $1.19 million compared to net realized losses of $5.34 million for Q4/20;
- Net unrealized losses on portfolio investments of $4.27 million compared to net unrealized gains of $9.39 million for Q4/20;
- Total expenses of $0.60 million, which included $0.03 million of stock-based compensation, compared to $(0.57) million for Q4/20 which included a gain on debt settlement of $1.06 million and $0.02 of stock-based compensation; and
- Operating expenses of $0.54 million compared to $0.40 million for Q4/20.
- 調整後的資產淨值(“ANAV2021年12月31日為2444萬美元(每股0.40美元),而2021年9月30日為2780萬美元(每股0.45美元),每股環比下降11%。淨資產淨值反映的是資產淨值加上可用税損池的金額;
- 綜合淨虧損361萬美元,而截至2020年12月31日的三個月的綜合淨收益為454萬美元(Q4/20");
- 投資活動的總收入損失為301萬美元,而第四季度的總收入為397萬美元;
- 出售有價證券投資的已實現淨收益為119萬美元,而2010年第四季度已實現淨虧損為534萬美元;
- 有價證券投資的未實現淨虧損為427萬美元,而2010年第四季度的未實現淨收益為939萬美元;
- 支出總額為60萬美元,其中包括基於股票的薪酬30萬美元,而第四/20季度的支出為(57萬美元),其中包括106萬美元的債務清償收益和0.02美元的基於股票的薪酬;以及
- 運營費用為54萬美元,而2010年第四季度為40萬美元。
Highlights from Fiscal 2021:
2021財年亮點:
- ANAV of $24.44 million ($0.40/share) at December 31, 2021 compared to $23.46 million ($0.40/share) at December 31, 2020, representing a NIL increase year over year on a per share basis;
- Net comprehensive income of $0.80 million compared to income of $2.58 million for the year ended December 31, 2020 ("Fiscal 2020");
- Total revenue from investment activity was $2.40 million compared to total revenue of $2.73 million for Fiscal 2020;
- Net realized gains on the sale of portfolio investments of $3.32 million compared to net realized losses of $9.05 million for Fiscal 2020;
- Net unrealized losses on portfolio investments of $1.10 million compared to net unrealized gains of $11.03 million for Fiscal 2020;
- Total expenses of $1.57 million, which included a foreign exchange loss of $0.04 million and stock-based compensation of $0.16 million, compared to $0.15 million for Fiscal 2020 which included a gain on debt settlement of $1.06 million, a foreign exchange loss of $0.07 million, and $0.15 million of stock-based compensation; and
- Operating expenses of $1.36 million compared to $0.99 million for Fiscal 2020.
- 2021年12月31日的淨資產淨值為2444萬美元(每股0.40美元),而2020年12月31日的淨資產淨值為2346萬美元(每股0.40美元),每股收益同比零增長;
- 淨綜合收益為80萬美元,而截至2020年12月31日的年度收入為258萬美元(“2020財年");
- 投資活動的總收入為240萬美元,而2020財年的總收入為273萬美元;
- 出售有價證券投資的已實現淨收益為332萬美元,而2020財政年度已實現淨虧損為905萬美元;
- 有價證券投資未實現淨虧損110萬美元,而2020財政年度未實現淨收益為1103萬美元;
- 支出總額為157萬美元,其中包括匯兑損失40萬美元和基於股票的薪酬16萬美元,而2020財政年度為15萬美元,其中包括106萬美元的債務結算收益、70萬美元的匯兑損失和15萬美元的基於股票的薪酬;
- 運營費用為136萬美元,而2020財年為99萬美元。
During 2021, the company saw an increase from its portfolio of publicly traded companies which included increases from Filo Mining Corp., Gage Growth Corp., and Sprout AI. These gains were offset by losses in its portfolio of private investments.
2021年期間,該公司的上市公司組合出現增長,其中包括Filo礦業公司、Gage Growth Corp.和Sprout AI的增長。這些收益被其私人投資組合的虧損所抵消。
The Company reported total expenses of $1.57 million for Fiscal 2021 compared to $0.15 million in the prior year which included a gain on debt settlement of $1.06 million. Included in total expenses for the current year was an annual incentive plan expense of $0.39 million (2020 - $nil) and stock-based compensation of $0.16 (2020 - $0.15). Operating expenses were maintained year over year at $0.97 million excluding the annual incentive plan expense for Fiscal 2021 compared to $0.99 million for Fiscal 2020.
該公司報告,2021財年的總支出為157萬美元,而上一財年為15萬美元,其中包括106萬美元的債務清償收益。本年度的總支出包括39萬美元的年度激勵計劃支出(2020-0美元)和0.16美元的股票薪酬(2020-0.15美元)。2021財年不包括年度激勵計劃支出的運營費用同比保持在97萬美元,而2020財年為99萬美元。
The Company saw net comprehensive income of $0.80 million for Fiscal 2021 compared to net comprehensive of $2.58 million for Fiscal 2020. As at December 31, 2021, the Company's adjusted net assets were valued at $24.44 million or $0.40 per share compared to $23.46 million or $0.40 per share at December 31, 2020.
該公司在2021財年的淨綜合收入為80萬美元,而2020財年的淨綜合收入為258萬美元。截至2021年12月31日,該公司調整後的淨資產價值為2444萬美元,合每股0.40美元,而2020年12月31日的淨資產為2346萬美元,合每股0.40美元。
"The Company saw a flat return in Fiscal 2021. The environment for small cap investments was challenging throughout the year. We continue to move into new investments where we see a better return profile. One area that we have been increasing our exposure is to the base metal sector. Furthermore, we look to gain positive momentum in Fiscal 2022 with several new private and public investments," said Andrew Parks, CEO of Fountain.
Fountain首席執行官安德魯·帕克斯表示:“本公司在2021財年回報持平。全年小盤股投資環境充滿挑戰。我們繼續進入回報狀況更好的新投資領域。我們一直在增加對賤金屬行業的敞口。此外,我們希望通過幾項新的私人和公共投資,在2022財年獲得積極的勢頭。”
A full set of the 2021 audited financial statements and the management discussion & analysis are available on SEDAR.
全套2021年經審計的財務報表以及管理層的討論和分析可在SEDAR上查閲。
About Fountain Asset Corp.
關於Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology.
噴泉資產公司是一家商業銀行,為大麻、石油天然氣、採礦、房地產、製造業、零售業、金融服務和生物技術等多個行業的公司提供股權融資、過橋貸款服務(資產抵押/抵押融資)和戰略金融諮詢服務。
Forward-Looking Statements
前瞻性陳述
Certain information contained in this press release constitutes forward-looking information, which is information relating to possible events, conditions or results of operations of the Company, which are based on assumptions and courses of action and which are inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information in this press release includes, but is not limited to, growing Fountain's capital base and a strong pipeline going forward. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the level of bridge loans and equity investments completed, the nature and credit quality of the collateral security and the nature and quality of equity investments, and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated August 30, 2019 filed on SEDAR at . Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
本新聞稿中包含的某些信息構成前瞻性信息,即與公司可能發生的事件、條件或經營結果有關的信息,這些信息基於假設和行動方案,具有內在的不確定性。除歷史事實陳述以外的所有信息都可能是前瞻性信息。本新聞稿中的前瞻性信息包括但不限於,方丹不斷增長的資本基礎和未來強大的流水線。這些前瞻性陳述反映了基於公司目前掌握的信息對公司的當前期望或信念。前瞻性陳述會受到許多風險和不確定因素的影響,這些風險和不確定因素可能會導致公司的實際結果與前瞻性陳述中討論的結果大相徑庭,即使這些實際結果已經實現或實質上實現了,也不能保證它們將對公司產生預期的後果或影響。可能導致實際結果或事件與當前預期大不相同的因素包括但不限於:已完成的過渡性貸款和股權投資的水平、抵押品證券的性質和信用質量以及股權投資的性質和質量,以及在本公司於2019年8月30日提交給SEDAR的日期為2019年8月30日的年度信息表格中披露的其他風險。任何前瞻性陳述僅在作出之日發表,除適用的證券法可能要求外,公司沒有任何意圖或義務更新任何前瞻性陳述,無論是由於新的信息。, 未來的事件或結果或其他。儘管公司認為前瞻性陳述中固有的假設是合理的,但前瞻性陳述並不是未來業績的保證,因此不應過度依賴此類陳述,因為其中存在固有的不確定性.
Neither TSX Venture Exchange Inc. 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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
For further information: please contact Andrew Parks at (416) 456-7019 or visit Fountain Asset Corp.'s website at .
欲瞭解更多信息,請聯繫安德魯·帕克斯,電話:(416)456-7019,或訪問噴泉資產公司的網站。