Total revenue for Q2 2024 of $51.0 million, an increase of $2.1 million from Q1 2024;
Completed equity raise of $20.6 million with Hosking Partners LLP;
Acquired 100% of MediaNet Solutions, an education software business;
Debt repayment of $16.0 million in the quarter; net debt of $98.7 million at Q2 2024;
Transitioned CEO role to Jordan Taub and appointed new CFO Mike McKenna.
Victoria, British Columbia--(Newsfile Corp. - August 16, 2024) - Tiny Ltd. (TSXV: TINY) ("Tiny" or "the "Company"), a technology holding company with a strategy of acquiring majority stakes in businesses, today announced the financial results for Tiny Ltd. for the three and six-month periods ended June 30, 2024 ("Q2 2024" and "YTD Q2 2024", respectively). Currency amounts are expressed in Canadian dollars unless otherwise noted.
Portfolio Company Highlights for the Quarter
MetaLab was named a finalist in Fast Company's 2024 Design Company of the Year;
Meteor released it's latest update, Meteor 3.0, which introduces substantial architectural changes to modernize the platform and improve its performance and scalability;
Stamped and Repeat announced their merger, creating a powerful platform designed to increase customer retention and lifetime value, automate personalized messaging at scale, and turn one-time purchasers into loyal repeat customers.
Management Commentary
"As we complete the first half of 2024, as a Company we are looking to strengthen our balance sheet, invest in organic growth, and increase cost discipline. We are focused on long-term free cash flow generation and continue to see opportunities to more efficiently operate and grow our existing portfolio," said Jordan Taub, CEO of Tiny.
"The second quarter highlighted our commitment to debt repayment, which improves our Free Cash Flow and will allow us greater flexibility to execute on our acquisition pipeline. We will look to continue reducing our leverage levels over the coming quarters, managing to a long-term targeted range commensurate with the profile of the business. We are also evaluating a number of attractive investment opportunities, with a strategic focus on recurring revenue platforms and value-oriented tuck-ins for our existing businesses."
"We look forward to further discussing on our upcoming investor call."
Q2 2024 Financial Results
|
| For the three-month periods ended June 30,
| |
| | For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
Revenue |
| 51,005,412
| |
| 47,472,296
| | |
| 99,945,010
| |
| 83,804,244
| |
Operating loss |
| (4,952,079) | |
| (10,899,361) | | |
| (9,782,520) | |
| (11,969,202) | |
Net (loss)/income |
| (1,671,756) | |
| 32,674,714
| | |
| (10,526,223) | |
| 28,593,803
| |
EBITDA (1) |
| 4,864,920
| |
| 40,635,940
| | |
| 8,215,835
| |
| 39,312,096
| |
EBITDA % (1) |
| 10 %
| |
| 86 %
| | |
| 8 %
| |
| 47 %
| |
Recurring revenue (1) |
| 9,637,944
| |
| 8,537,279
| | |
| 18,894,818
| |
| 10,129,992
| |
Recurring revenue % (1) |
| 19 %
| |
| 18 %
| | |
| 19 %
| |
| 12 % | |
(1) Refer to Non-IFRS Measures for further information
|
|
| For the three-month periods ended June 30,
| |
| | For the six-month periods ended June 30, | |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
Cash provided by/(used in) operating activities |
| (797,399) | |
| (6,274,992) | | |
| 3,540,450
| |
| (7,094,456) | |
Free cash flow (1) |
| (3,600,149) | |
| (5,441,012) | | |
| (2,259,105) | |
| (6,932,042) | |
Adjusted free cash flow post debt servicing(1) |
| (3,584,165) | |
| (2,633,554) | | |
| (2,302,295) | |
| (2,513,228) | |
Basic (loss)/earnings per share |
| (0.01) | |
| 0.19
| | |
| (0.06) | |
| 0.17
| |
Diluted (loss)/earnings per share |
| (0.01) | |
| 0.19
| | |
| (0.06) | |
| 0.17
| |
Free cash flow per share (1) |
| (0.02) | |
| (0.03) | | |
| (0.01) | |
| (0.04) | |
|
|
| |
|
| | |
|
| |
| | |
|
|
| |
|
| | |
| June 30, 2024
| |
| December 31, 2023 | |
Total assets |
|
| |
|
| | |
| 385,280,810
| |
| 392,635,137
| |
Total liabilities |
|
| |
|
| | |
| 169,935,661
| |
| 190,081,456
| |
Non-current financial liabilities |
|
| |
|
| | |
| 109,444,330
| |
| 132,538,131 | |
(1) Refer to Non-IFRS Measures for further information
|
Revenue in Q2 2024 was $51.0 million, an increase of $3.5 million or 7% compared to Q2 2023. Creative Platform grew $1.7 million compared to Q2 2023 due to a large enterprise licensing deal signed in the quarter while the remainder of the increase is attributable to growth in the Software and Apps segment.
Revenue increased $2.1 million or 4% compared to Q1 2024 mainly due to the large enterprise licensing deal in Creative Platform.
Recurring revenue(1) in Q2 2024 was $9.6 million and made up 19% of total revenue, an increase of 1% compared to Q2 2023. This growth is mostly due to including a full quarter of Software and Apps' recurring revenue in Q2 2024 as compared to the partial quarter in Q2 2023 (acquired on April 17, 2023).
In Q2 2024, the Company acquired MediaNet, which has 98% SaaS based subscription revenue and highlights Tiny's strategic focus in acquiring recurring revenue platforms.
Cash on hand on June 30, 2024 was $22.4 million compared to $26.9 million on December 31, 2023. Total debt outstanding on June 30, 2024 was $121.1 million compared to $131.2 million on December 31, 2023. The decrease of $10.1 million is due to debt repayments, net of drawings, of $14.2 million offset with foreign exchange fluctuations to debt of $4.1 million.
During the quarter, the Company reduced its leverage by paying down $16.0 million, net of drawings, through a combination of scheduled and voluntary repayments.
The Company ended Q2 2024 with cash outflow from operations of $0.8 million, up from Q2 2023 cash outflow of $6.3 million. Q2 2023 cash flow from operations was impacted by the merger with WeCommerce, with the Company incurring business acquisition costs and non-recurring professional and severance expenses of $4.1 million. The improvement in the Company's cash flow from operations is a result of the higher revenue generated during the quarter along with fewer business acquisition and non-recurring costs in 2024.
Free cash flow(1) in Q2 2024 was $(3.6) million compared to $(5.4) million in Q2 2023. The improvement is a result of higher revenue generated during the quarter. When factoring in non-recurring costs and scheduled debt payments, the Adjusted Free Cash Flow Post Debt Servicing(1) in Q2 2024 was $(3.6) million compared to $(2.6) million in Q2 2023. This change is due to the timing of two scheduled debt payments falling in Q2 2024 compared to only one falling in the same period in 2023 as well as working capital timing.
Net loss in Q2 2024 was $1.7 million compared to net income of $32.7 million in Q2 2023, a change of $34.3 million compared to prior period. Net income in Q2 2023 included a one-time non-cash gain on share transaction of $42.1 million. Without the gain, net loss in Q2 2023 would have been $9.4 million, an improvement of $7.8 million. The improvement in Q2 2024 is mainly due to growth in revenues of $3.5 million and lower operating expenses of $2.4 million, with the remaining amount due to a higher deferred tax recovery.
EBITDA(1) in Q2 2024 was $4.9 million compared to $40.6 million in Q2 2023. EBITDA in Q2 2023 includes the one-time non-cash gain on share transaction of $42.1 million. Without the gain, EBITDA in Q2 2023 would have been $(1.4) million, which was a result of one-time costs incurred related to the Merger. Similar to net loss, the improvement is due to revenue growth and lower operating expenses.
Total assets on June 30, 2024 were $385.2 million compared to $392.6 million on December 31, 2023.
Conference Call Notification
The Company will hold a conference call to provide a business update on Friday, August 16, 2024, at 8:00 a.m. ET hosted by:
Jordan Taub, CEO
Mike McKenna, CFO
A question-and-answer session will follow the business update.
Conference Call Details
Date: | Friday, August 16, 2024 |
Time: | 8:00 a.m. ET |
Dial-In Number: | (US) 1.833.470.1428 |
| (Canada) 1.226.828.7575 or |
| 1.833.950.0062 |
Access code: | 788533 |
This live call is also being webcast and can be accessed by going to: .
An archived telephone replay of the call will be available for two weeks following the call by dialing 1.226.828.7578 or 1.866.813.9403 and entering the access code 212131.
Financial Statements
Tiny Ltd's consolidated financial statements and Management's Discussion and Analysis ("MD&A") for Q2 2024 is available on SEDAR+ at .
About Tiny
Tiny is a technology holding company focused primarily on acquiring majority stakes in businesses that it expects to hold over the long-term. The Company is structured to give maximum flexibility to operating management teams by maintaining a focus at the parent company level on only three areas: capital allocation, management, and incentives. This structure enables each company to run independently and focus on what they do best, within an incentive structure that is designed to drive results for both the operating business and ultimately for Tiny and its shareholders.
Tiny currently has three principle reporting segments: Digital Services, which provides design, engineering, brand positioning and marketing services to help companies of all sizes deliver premium web and mobile products; Software and Apps, which is home to a complementary portfolio of recurring revenue software businesses that support merchants, as well as digital themes businesses that sell templates to Shopify merchants; and Creative Platform, which is comprised primarily of Dribbble, the social network for designers and digital creatives, as well as a premier online marketplace for digital assets such as fonts and templates.
For more about Tiny, please visit or refer to the public disclosure documents available under Tiny's SEDAR profile on SEDAR+ at .
Company Contact:
Mike McKenna
Chief Financial Officer
Phone: 416-938-0574
Email: mike@tiny.com
NON-IFRS MEASURES RECONCILIATIONS EBITDA and EBITDA % |
|
|
| For the three-month periods ended June 30,
| |
| | For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
Net (loss)/income | $ | (1,671,756) | | $ | 32,674,714
| | | $ | (10,526,223) | | $ | 28,593,803
| |
Income tax expense/(recovery) |
| (5,287,794) | |
| (1,597,046) | | |
| (4,826,253) | |
| (1,878,908) | |
Depreciation and amortization |
| 8,873,617
| |
| 7,473,372
| | |
| 17,598,371
| |
| 9,202,615
| |
Interest expense |
| 2,950,853
| |
| 2,084,900
| | |
| 5,969,940
| |
| 3,394,586 | |
EBITDA |
| 4,864,920
| |
| 40,635,940
| | |
| 8,215,835
| |
| 39,312,096
| |
Revenue |
| 51,005,412
| |
| 47,472,296
| | |
| 99,945,010
| |
| 83,804,244
| |
EBITDA % |
| 10 %
| |
| 86 %
| | |
| 8 %
| |
| 47 %
| |
| |
Recurring Revenue |
|
|
| For the three-month periods ended June 30,
| | |
| For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
Recurring revenues | $ | 9,637,944
| | $ | 8,537,279
| | | $ | 18,894,818
| | $ | 10,129,992
| |
Non-recurring revenues |
| 41,367,468
| |
| 38,935,017
| | |
| 81,050,192
| |
| 73,674,252
| |
Total revenue |
| 51,005,412
| |
| 47,472,296
| | |
| 99,945,010
| |
| 83,804,244
| |
Recurring revenue % of total revenue |
| 19 %
| |
| 18 %
| | |
| 19 %
| |
| 12 %
| |
| |
Free Cash Flow and Free Cash Flow per Share |
|
|
| For the three-month periods ended June 30,
| | |
| For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
Cash (used in)/provided by operating activities | $ | (797,399) | | $ | (6,274,992) | | | $ | 3,540,450
| | $ | (7,094,456) | |
Business acquisition costs |
| 292,028
| |
| 2,891,075
| | |
| 337,370
| |
| 2,943,536
| |
Interest paid on debt |
| (3,094,778) | |
| (2,057,095) | | |
| (6,136,925) | |
| (2,781,122) | |
Free Cash Flow |
| (3,600,149) | |
| (5,441,012) | | |
| (2,259,105) | |
| (6,932,042) | |
Weighted average number of shares outstanding |
| 181,614,111
| |
| 171,226,124
| | |
| 180,413,214
| |
| 158,151,970
| |
Free cash flow per share |
| (0.02) | |
| (0.03) | | |
| (0.01) | |
| (0.04) | |
| | | | | | | |
| | | | | | | |
|
| For the three-month periods ended June 30,
| | |
| For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
EBITDA | $ | 4,864,920
| | $ | 40,635,940
| | | $ | 8,215,835
| | $ | 39,312,096
| |
Income taxes paid |
| (1,552,564) | |
| (3,093,441) | | |
| (2,571,418) | |
| (3,630,195) | |
Interest paid on debt |
| (3,094,778) | |
| (2,057,095) | | |
| (6,136,925) | |
| (2,781,122) | |
Non-cash expenses |
| 628,762
| |
| (41,554,108) | | |
| 2,504,458
| |
| (39,501,368) | |
Business acquisition costs |
| 292,028
| |
| 2,891,075
| | |
| 337,370
| |
| 2,943,536
| |
Changes in non-cash working capital |
| (4,738,517) | |
| (2,263,383) | | |
| (4,608,425) | |
| (3,274,989) | |
Capital expenditures, maintenance |
| -
| |
| -
| | |
| -
| |
| -
| |
Free cash flow |
| (3,600,149) | |
| (5,441,012) | | |
| (2,259,105) | |
| (6,932,042) | |
|
|
| |
|
| | |
|
| |
|
| |
Adjusted Free Cash Flow Post Debt Servicing |
|
|
| For the three-month periods ended June 30,
| | |
| For the six-month periods ended June 30,
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
Free cash flow | $ | (3,600,149) | | $ | (5,441,012) | | | $ | (2,259,105) | | $ | (6,932,042) | |
Acquisition-related compensation |
| -
| |
| 335,775
| | |
| -
| |
| 673,725
| |
Non-recurring bad debt expense |
| 833,196
| |
| -
| | |
| 833,196
| |
| -
| |
Non-recurring project costs |
| 775,964
| |
| -
| | |
| 775,964
| |
| -
| |
Non-recurring professional fees |
| 409,206
| |
| 1,115,167
| | |
| 1,244,011
| |
| 1,949,972
| |
Severance |
| 1,065,729
| |
| 2,681,256
| | |
| 1,504,330
| |
| 3,119,857
| |
Scheduled debt payments |
| (3,068,111) | |
| (1,324,740) | | |
| (4,400,691) | |
| (1,324,740) | |
Adjusted free cash flow post debt servicing |
| (3,584,165) | |
| (2,633,554) | | |
| (2,302,295) | |
| (2,513,228) | |
NON-IFRS MEASURES
Investors are cautioned that the non-IFRS measures used below should not replace net income or loss (as determined in accordance with IFRS) as an indicator of the Company's performance. These are supplemental measures management uses in managing the business and making decisions. These measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other issuers. These measures are not intended as a substitute for IFRS measures.
EBITDA and EBITDA %
EBITDA is defined as earnings (net income or loss) before finance costs, income taxes, depreciation and amortization. EBITDA is reconciled to net income (loss) from the financial statements.
EBITDA % ratio is determined by dividing EBITDA by total revenue for the period.
EBITDA and EBITDA % is frequently used to assess profitability before the impact of finance costs, income taxes, depreciation and amortization. Management uses non-IFRS measures in order to facilitate operating performance comparisons from period to period and to prepare annual operating budgets. EBITDA and EBITDA % are measures commonly reported and widely used as a valuation metric.
Recurring Revenue
Recurring Revenue consists of revenues generated through subscriptions that grant access to products and services with recurring billing cycles. The subscriptions are recognized over a time period in accordance with IFRS 15. Recurring Revenue is a part of total revenue disclosed in the financial statements, as determined in accordance with IFRS 15.
Recurring Revenue represents revenues that are stable and the Company expects to earn continuously. Recurring Revenue % is determined by dividing Recurring Revenue by total revenue for the year.
Recurring Revenue is frequently used to determine any indicators of future revenue growth and revenue trends. Recurring Revenue and Recurring Revenue % are measures commonly reported and widely used as a valuation metric.
Free Cash Flow, Free Cash Flow per Share, and Adjusted Free Cash Flow Post Debt Servicing
Free Cash Flow ("FCF") refers to net cash flows from operating activities before interest paid on debt facilities, and business acquisition costs. Free cash flow is also reconciled from EBITDA where it is the net of EBITDA before income taxes paid, interest paid on debt facilities, non-cash expenses, business acquisition costs, and changes in non-cash working capital.
Free Cash Flow per Share is determined by dividing Free Cash Flow by the weighted average number of common shares outstanding during the period.
Adjusted Free Cash Flow Post Debt Servicing ("Adjusted FCF") refers to free cash flow net of acquisition related compensation, non-recurring costs and the scheduled payments on debt facilities.
Free Cash Flow, Free Cash Flow per Share and Adjusted Free Cash Flow Post Debt Servicing are frequently used by securities analysts and investors when valuing a business and its underlying assets. It provides a basis to evaluate how much cash is available to repay debt and to reinvest in the Company, which is an important indicator of financial strength and performance.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information within the meaning of Canadian securities law. Such forward-looking statements and information include, but are not limited to, statements or information with respect to: our strategies, objectives and financial plans.
Forward-looking statements and information are frequently characterized by words such as "plan", "project", "intend", "believe", "anticipate", "estimate", "expect" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although the Company's management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include risks relating to reliance on the Shopify platform; the Company's limited operating history; reliance on management and key employees; conflicts of interest in relation to the Company's officers, directors, and consultants; additional financing requirements; resale of Common Shares in the publicly- traded market; market price fluctuations for the Common Shares; global financial conditions; management of growth; risks associated with the Company's strategy of growth through acquisitions; tax risks; currency fluctuations; competitive markets; uncertainty and adverse changes in the economy; unsustainability of the Company's rapid growth and inability to attract new customers, retain revenue from existing merchants, and increase sales to both new and existing customers; adverse effects on the Company's revenue growth and profitability due to the inability to attract new customers or sell additional products to existing customers; the successful integration of the Company with Tiny Capital; future results of operations being harmed due to declines in recurring revenue or contracts not being renewed; security and privacy breaches; changes in client demand; challenges to the protection of intellectual property; infringement of intellectual property; ineffective operations through mobile devices, which are increasingly being used to conduct commerce; and risks associated with internal controls over financial reporting. The Company undertakes no obligation to update forward-looking statements and information if circumstances or management's estimates should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements and information. More detailed information about potential factors that could affect results is included in the documents that may be filed from time to time with the Canadian securities regulatory authorities by the Company.
For a more detailed discussion of certain of these risk factors, see the list of risk factors in the Company's MD&A dated August 15, 2024 and the management information circular dated May 13, 2024 available on SEDAR+ at under the Company's profile.
NEITHER THE 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.
SOURCE: TINY LTD.
2024年Q2の総売上高は5100万ドルで、前四半期(2024年Q1)から210万ドル増の増加です。
Hosking Partners LLPとの2060万ドルの株式調達を完了しました。
教育ソフトウェアビジネスであるMediaNet Solutionsの100%取得を完了しました。
四半期に1600万ドルの債務返済を行い、2024年Q2時点の純負債額は9870万ドルです。
CEOの職務をJordan Taubに移行し、新しいCFOとしてMike McKennaを任命しました。
ビクトリア、ブリティッシュコロンビア--(Newsfile Corp. - 2024年8月16日)- ティニー社(TSXV: TINY)(「ティニー」または「当社」)は、企業の多数派の株式を取得する戦略を持つテクノロジーホールディングカンパニーです。本日、2024年6月30日までの3か月および6か月間のティニー社の財務結果(「2024年Q2」および「YTD Q2 2024」と呼びます)を発表しました。通貨金額は、特記事項がない限り、カナダドルで表示されています。
四半期のポートフォリオ会社のハイライト
MetaLabはFast Companyの2024年デザイン会社賞のファイナリストに選ばれました。
メテオルは、プラットフォームを近代化し、パフォーマンスと拡張性を向上させるための大規模なアーキテクチャの変更を導入したMetor 3.0をリリースしました。
StampedとRepeatは、顧客の維持と生涯価値の向上を図り、規模化されたパーソナライズメッセージの自動化、一度の購入者を忠実なリピーターに変えるために設計された強力なプラットフォームの合併を発表しました。
2024年度第2四半期の粗利益は800万ドルから730万ドルに減少し、売上高に対する粗利率は220 bps増の43.6%となった。粗利率の改善は、有利な製品ミックスが主な要因であった。
「2024年の前半を完了するにあたり、当社はバランスシートを強化し、有機的成長に投資し、コスト管理を向上させることを目指しています。長期的なフリーキャッシュフローの生成に焦点を当て、既存のポートフォリオをより効率的に運営し成長させる機会を引き続き見い出しています。」と、TinyのCEOであるJordan Taubは述べています。
「第二四半期は、負債の返済に向けた取り組みが強調され、フリーキャッシュフローが向上し、買収パイプラインの実行に大きな柔軟性をもたらします。今後数四半期にわたり、ビジネスのプロファイルに見合った長期的なターゲットレンジに適合したレバレッジ水準を引き続き削減し、既存のビジネスに対するリバランス性のある投資機会や繰り返しの収益プラットフォームに焦点を当てる戦略的なリンケージインを評価しています。」
「私たちの今後の投資家向けコールでさらに詳細に議論することを楽しみにしています。」
2024年第2四半期の財務結果
|
| 3か月間の期間について 2024年6月30日終了
| |
| | 6ヶ月間の期間について 6月30日終了
| |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
売上高 |
| 51,005,412
| |
| 47,472,296
| | |
| 99,945,010
| |
| 83,804,244
| |
営業損失 |
| (4,952,079) | |
| (10,899,361) | | |
| (9,782,520) | |
| (11,969,202) | |
純損益 |
| (1,671,756) | |
| 32,674,714
| | |
| 10,526,223 | |
| 28,593,803
| |
EBITDA(1) |
| 4,864,920
| |
| 40,635,940
| | |
| 8,215,835
| |
| 39,312,096
| |
EBITDA % (1) |
| 10 %
| |
| 86%
| | |
| 8%
| |
| 47%
| |
Recurring revenue (1) |
| 9,637,944
| |
| 8,537,279
| | |
| 18,894,818
| |
| 10,129,992
| |
継続収益 % (1) |
| 19 %
| |
| 18%
| | |
| 19 %
| |
| 12 % | |
(1) さらに詳しい情報については、非IFRS指標を参照してください
|
|
| 3か月間の期間について 2024年6月30日終了
| |
| | 6か月間の期間について 6月30日終了 | |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
営業活動からの現金流入/(流出) |
| (797,399) | |
| (6,274,992) | | |
| 3,540,450
| |
| (7,094,456) | |
フリーキャッシュフロー (1) |
| (3,600,149) | |
| (5,441,012) | | |
| (2,259,105) | |
| (6,932,042) | |
負債返済後の調整後フリーキャッシュフロー(1) |
| (3,584,165) | |
| (2,633,554) | | |
| (2,302,295) | |
| (2,513,228) | |
基本(損失)/株主に帰属する当期純利益 |
| (0.01) | |
| 0.19
| | |
| (0.06) | |
| 0.17
| |
希薄化後(損失)/株主に帰属する当期純利益 |
| (0.01) | |
| 0.19
| | |
| (0.06) | |
| 0.17
| |
1株あたりのフリーキャッシュフロー (1) |
| (0.02) | |
| (0.03) | | |
| (0.01) | |
| (0.04) | |
|
|
| |
|
| | |
|
| |
| | |
|
|
| |
|
| | |
| 6月30日 2024
| |
| 12月31日 2023年 | |
総資産 |
|
| |
|
| | |
| 売上高はQ1 2024と比較して210万ドル、または4%増加し、主にクリエイティブプラットフォームの大規模なエンタープライズライセンス契約によるものです。
| |
| 2024年第2四半期の繰り返し収益は960万ドルで、総売上高の19%を占め、2023年第2四半期と比べて1%増加しています。この成長は、ソフトウェアとアプリセグメントの繰り返し収益が2024年第2四半期において、2023年第2四半期と比較して部分四半期ではなく全四半期が含まれていることによるものです(2023年4月17日に取得)。
| |
負債合計 |
|
| |
|
| | |
| 2024年第2四半期のフリーキャッシュフローは(1)-360万ドルで、Q2 2023の(1)-540万ドルと比較して改善しています。非再発生費用や予定の債務返済を考慮した場合、2024年第2四半期の調整後のフリーキャッシュフロー(債務返済後)は(1)-360万ドルで、Q2 2023の(1)-260万ドルと比較して変化しています。この変化は、2024年第2四半期に2回の予定された債務返済があるためです。2023年同期には1回しかなく、また運転資本のタイミングによるものです。
| |
| 2024年第2四半期の純損失は170万ドルであり、2023年第2四半期の純利益3270万ドルと比較して、前期と比較して3430万ドルの変化があります。2023年第2四半期の純利益には、株式取引による一時的な非現金利益4210万ドルが含まれています。その利益を除くと、2023年第2四半期の純損失は940万ドルであり、780万ドルの改善となります。2024年第2四半期の改善は、売上高の成長を主にした350万ドルの増加と、営業費用の240万ドルの減少によるもので、残りの金額はより高い繰延税金の回収によるものです。
| |
非流動金融負債 |
|
| |
|
| | |
| ジョーダン・トーブ CEO
| |
| マイク・マッケナ CFO | |
(1) さらに詳しい情報については、非IFRS指標を参照してください
|
Conference Call Details
Date:
2024年8月16日金曜日
Time:
8:00 a.m. ET
ダイヤルイン番号:
(米国)1.833.470.1428
(カナダ)1.226.828.7575または
1.833.950.0062
Access code:
788533
このライブコールはウェブキャストでも視聴できます。以下のリンクにアクセスしてください。
コール終了後2週間以内に、録音された電話再生が利用可能です。1.226.828.7578または1.866.813.9403にダイヤルし、アクセスコード212131を入力してください。
About Tiny
コールの詳細
Date: | Tinyについての詳細は、をご覧くださいまたはTinyのSEDAIRプロフィールの公開開示書類をSEDAIR +でご覧ください。 |
時間: | 東部標準時午前8時 |
Chief Financial Officer | 電話:416-938-0574 |
| 電子メール:mike@tiny.com |
| NON-IFRS MEASURES RECONCILIATIONS |
アクセスコード: | 3ヶ月間の期間のために |
ended June 30,
財務諸表
ended June 30,
Tinyは、主に長期間保有することを期待する大多数のビジネスの株式の過半数を取得することに焦点を当てたカナダの投資会社です。同社は、親会社レベルでの2つの領域に焦点を当てることにより、運営管理チームに最大限の柔軟性を与えています。これらの領域は、資本配分、運営管理の雇用とインセンティブであり、オペレーターが最も得意とすることを許容し、運用ビジネスと最終的にTinyとその株主に結果をもたらすことが設計されたインセンティブ構造の内部で行うことができます。」
2023
2024
企業連絡先:
Net (loss)/income
chief financial officer(最高財務責任者)
(1,671,756)
$
非IFRS指標の調和 EBITDAとEBITDA % |
|
|
| $ 2024年6月30日終了
| |
| | 28,593,803 6月30日終了
| |
|
| 2024
| |
| 2023
| |
| | 2024
| |
| 2023 | |
純損益 | $ | 7,473,372 | | $ | 17,598,371
| | | $ | 2,950,853 | | $ |
| |
所得税費用/(収益) |
| 3,394,586 | |
| EBITDA | | |
| 40,635,940 | |
| | |
減価償却費および償却費 |
| 39,312,096
| |
| Revenue
| | |
| 47,472,296
| |
|
| |
利子費用 |
| 83,804,244
| |
| EBITDA %
| | |
| 86 %
| |
| | |
EBITDA |
| 47 %
| |
|
| | |
| Recurring Revenue
| |
| 3か月間の期間について
| |
売上高 |
|
| |
| 6ヶ月間の期間において
| | |
| 2024
| |
| 2023
| |
EBITDA % |
| 10 %
| |
| 86%
| | |
| 8%
| |
| 47%
| |
| |
継続的な収益 |
|
|
| $ 2024年6月30日終了
| | |
| 10,129,992 2024年6月30日終了
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
繰り返し発生する収益 | $ | 47,472,296
| | $ | 99,945,010
| | | $ | 19 %
| | $ |
| |
非繰り返し発生する収益 |
| 12 %
| |
|
| | |
| フリーキャッシュフローと一株当たりのフリーキャッシュフロー
| |
| 3か月間の期間
| |
合計売上高 |
|
| |
| 6ヶ月間の期間について
| | |
| 2024
| |
| 2023
| |
再発生売上高 % の全売上高 |
| 19 %
| |
| 18%
| | |
| 19 %
| |
| 12 %
| |
| |
|
|
|
| $ 2024年6月30日終了
| | |
| 7,094,456 2024年6月30日終了
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
営業活動による現金(使用)/提供 | $ | (2,057,095) | | $ | (6,136,925) | | | $ | (3,600,149)
| | $ | | |
(2,259,105) |
| (6,932,042)
| |
| Weighted average number of shares outstanding
| | |
| 171,226,124
| |
|
| |
債務に支払われる利子 |
| 158,151,970 | |
| フリーキャッシュフロー・パーシェア | | |
| (0.03) | |
| | |
フリーキャッシュフロー |
| (0.04) | |
| 3か月間の期間で | | |
| | |
| 6か月間の期間で | |
加重平均株式数 |
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
EBITDA |
| (0.02) | |
| (0.03) | | |
| (0.01) | |
| (0.04) | |
| | | | | | | |
| | | | | | | |
|
| (2,571,418) 2024年6月30日終了
| | |
| (3,094,778) 2024年6月30日終了
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
EBITDA | $ | 2,504,458
| | $ | ビジネスの取得費用
| | | $ |
| | $ | 2,943,536
| |
支払法人税等 |
| (4,738,517) | |
| (2,263,383) | | |
| (4,608,425) | |
| (3,274,989) | |
債務に支払われる利子 |
| - | |
| - | | |
| - | |
| - | |
Free cash flow |
| (3,600,149)
| |
| (5,441,012) | | |
| (2,259,105)
| |
| (6,932,042) | |
|
|
| |
|
| | |
|
| |
|
| |
調整後のフリーキャッシュフローの負債返済後の投稿 |
| 3ヶ月間の期間 | |
| ended June 30, | | |
| 6ヶ月間の期間について | |
| ended June 30, | |
2024 |
| -
| |
| -
| | |
| -
| |
| -
| |
フリーキャッシュフロー |
| (3,600,149) | |
| $ | | |
| | |
| $ | |
|
|
| |
|
| | |
|
| |
|
| |
|
|
|
| - 2024年6月30日終了
| | |
| 833,196 2024年6月30日終了
| |
|
| 2024
| |
| 2023
| | |
| 2024
| |
| 2023
| |
フリーキャッシュフロー | $ | 775,964 | | $ | 非再発生性の専門料 | | | $ | | | $ | 1,949,972 | |
買収に伴う補償 |
| -
| |
| 2,681,256
| | |
| -
| |
| 3,119,857
| |
Scheduled debt payments |
| (3,068,111)
| |
| -
| | |
| (4,400,691)
| |
| -
| |
Adjusted free cash flow post debt servicing |
| (3,584,165)
| |
| -
| | |
| (2,302,295)
| |
| -
| |
NON-IFRS MEASURES |
| 投資家は、以下で使用されている非IFRS基準による措置が、会社の業績の指標としての純利益または損失(IFRSに準拠して判断されるもの)の代替になるべきではないことに注意すべきです。これらは、経営陣がビジネスの管理や意思決定に使用する補足的な措置です。これらの措置には、IFRSによって prescribed された標準化された意味がなく、他の発行会社が提示する類似の措置と比較することはできません。これらの措置は、IFRS措置の代替として意図されていません。
| |
| EBITDA and EBITDA %
| | |
| EBITDA%比率は、当期のEBITDAを総売上高で割ったものです。
| |
| EBITDA and EBITDA % is frequently used to assess profitability before the impact of finance costs, income taxes, depreciation and amortization. Management uses non-IFRS measures in order to facilitate operating performance comparisons from period to period and to prepare annual operating budgets. EBITDA and EBITDA % are measures commonly reported and widely used as a valuation metric.
| |
Severance |
| リカーリング収益は、定期的な請求サイクルを持つ製品やサービスへのアクセスを提供する定期購読を通じて生成される収益で構成されています。これらの定期購読は、IFRS 15に従って一定期間にわたって認識されます。リカーリング収益は、IFRS 15に準拠して決定される財務諸表の中で開示される売上高の一部です。
| |
| リカーリング収益は、安定して継続的に得られる収益であり、会社が予測しているものです。リカーリング収益の割合は、年間総収益をリカーリング収益で割ることで求められます。
| | |
| フリーキャッシュフロー、フリーキャッシュフロー・パーシェア、および希薄化後の調整済みフリーキャッシュフロー
| |
| フリーキャッシュフロー(「FCF」)は、債務施設に支払われる利息や事業買収に関する費用を除いた営業活動からの正味現金流入を指します。フリーキャッシュフローは、本来のEBITDAからの調整後の値であり、所得税支払い前のEBITDA、債務施設に支払われる利息、非現金費用、事業買収に関する費用、および非現金の運転資本の変化を含んでいます。
| |
フリーキャッシュフロー・パーシェアは、期間中の発行済みの普通株式の加重平均数でフリーキャッシュフローを割ったもので求められます。 |
| 希薄化後債務償還後の調整したフリーキャッシュフロー(以下、調整後FCF)は、買収に関連する報酬、一時的な費用、および債務融資の定期的な支払いを差し引いたフリーキャッシュフローのことです。 | |
| フリーキャッシュフロー、フリーキャッシュフロー・パー・シェア、および希薄化後債務償還後の調整したフリーキャッシュフローは、証券アナリストや投資家がビジネスとその基礎となる資産の評価をする際によく使用される指標です。これにより、債務の返済や会社への再投資に利用可能な現金の量を評価することができ、財務の強さとパフォーマンスの重要な指標となります。 | | |
| This news release contains certain forward-looking statements and forward-looking information within the meaning of Canadian securities law. Such forward-looking statements and information include, but are not limited to, statements or information with respect to: our strategies, objectives and financial plans. | |
| 将来の展望に関する声明や情報は、「計画」、「プロジェクト」、「意図する」、「信じる」、「予測する」、「見積もる」、「期待する」といった言葉や、特定の事象や状況が「起こる場合がある」といった表現でよく特徴付けられます。なお、本文中で引用される将来向けの声明や情報に関して、当社の経営陣はその声明や情報が合理的であると考えていますが、実際には正確であるという保証はありません。将来の展望に関する声明は作成時点の管理者の意見や推定に基づいており、さまざまなリスクや不確実性、および他の要素に影響を受け、前述の将来の展望に対して予測とは乖離した実際の出来事や結果が生じる可能性があります。将来の展望に関する声明に影響を与える要因には、Shopifyプラットフォームへの依存、当社の限られた運営履歴、経営陣および主要従業員への依存、役員、取締役、およびコンサルタントに関する利益相反、追加の資金調達要件、上場市場でのCommon Sharesの再販、Common Sharesの市場価格の変動、グローバルな金融状況、成長の管理、買収による成長戦略に伴うリスク、税務リスク、通貨変動、競争の激化、経済の不確実性と逆変化、当社の急速な成長の持続不可および新規顧客の獲得、既存の商人からの収益の維持、新規顧客および既存顧客への販売拡大が達成できなかった場合に、当社の収益成長および利益性に悪影響を及ぼすこと、Tiny Capitalとの当社の成功した統合、定期的な収益の減少または契約の非更新による将来の業績への悪影響、セキュリティとプライバシーの侵害、クライアントの需要の変化、知的財産の保護への課題、知的財産の侵害、商取引において使用される携帯デバイスの実行の効果の不良、および財務報告管理に関連する内部統制リスクなどが含まれます。当社は、法律によって要求される場合を除き、将来の展望に関する声明や情報を更新する義務を負いません。読者は将来の展望に関する声明や情報に過度に依存しないよう注意を喚起されます。業績に影響を及ぼす可能性のある要因の詳細な情報については、当社がカナダ証券規制当局に時折提出する文書に含まれています。 | |
これらのリスクファクターの詳細な議論については、2024年8月15日付の企業のMD&Aに記載されているリスクファクターのリストおよび2024年5月13日付の経営情報円周を参照してください。企業のプロフィールで利用できるSEDAR +の下のリンクで入手できます。 |
| NEITHER THE 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. | |
| SOURCE: TINY LTD. | | |
| | |
| | |
非IFRS測定値
EBITDAとEBITDA %
EBITDAとEBITDA %は、財務コスト、所得税、減価償却費の影響を除いた収益性を評価するために頻繁に使用されます。経営陣は、期間ごとの運営パフォーマンスの比較を容易にし、年次運営予算を準備するために非IFRSの指標を使用しています。 EBITDAとEBITDA %は、一般的に報告され、評価指標として広く使用されています。
継続的な収益
先見情報に関する注記
このニュースリリースには、カナダの証券法の意味に従う一定の先見的な声明や先見的な情報が含まれています。このような先見的な声明や情報には、戦略、目標、財務計画に関する声明または情報が含まれます。
TSX VENTURE EXCHANGEもその規制サービスプロバイダー(TSX VENTURE EXCHANGEのポリシーで定義された用語として)も、このリリースの適格性または正確性について責任を負いません。
ソース:TINY LTD.