Route1 Announces Q4 and Fiscal Year 2022 Financial Results
Route1 Announces Q4 and Fiscal Year 2022 Financial Results
TORONTO, ON / ACCESSWIRE / April 27, 2023 / Route1 Inc. (OTCQB:ROIUF) and (TSXV:ROI) (the "Company" or "Route1"), an advanced North American provider of data-centric business empowerment solutions, today reported its financial results for the three and twelve-month periods ended December 31, 2022.
多倫多,on/ACCESSWIRE/2023年4月27日/Route1 Inc.(OTCQB:ROIUF)和(多倫多證券交易所股票代碼:ROI)(以下簡稱“公司”或“Route1”)今天公佈了截至2022年12月31日的三個月和十二個月期間的財務業績。
Fiscal Year 2022 (FY 2022)
2022財年(2022財年)
The Company's operating results for fiscal year 2021 with comparatives are as follows:
本公司2021財年的經營業績及比較如下:
In 000s of CAD dollars |
FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | |||||||||||||||
Revenue |
||||||||||||||||||||
Services |
6,194 | 9,702 | 9,574 | 7,834 | 6,209 | |||||||||||||||
Device |
15,830 | 17,432 | 20,038 | 16,169 | 19,972 | |||||||||||||||
Other |
21 | 137 | 94 | 7 | 49 | |||||||||||||||
Total Revenue |
22,045 | 27,271 | 29,707 | 24,010 | 26,231 | |||||||||||||||
Cost of revenue |
14,462 | 16,446 | 18,635 | 14,978 | 18,732 | |||||||||||||||
Gross profit |
7,583 | 10,825 | 11,072 | 9,032 | 7,499 | |||||||||||||||
Operating expenses |
7,645 | 9,812 | 9,935 | 8,214 | 6,892 | |||||||||||||||
Operating profit 1
|
(62 | ) | 1,013 | 1,137 | 818 | 607 | ||||||||||||||
Patent litigation 2
|
- | - | 1,610 | 1,289 | 841 | |||||||||||||||
Total other expenses 3, 4
|
1,656 | 791 | 1,234 | 82 | 200 | |||||||||||||||
Net income (loss) |
(1,718 | ) | 222 | (1,707 | ) | (554 | ) | (434 | ) |
以2000加元計 |
2022財年 | 2021財年 | 2020財年 | 2019財年 | 2018財年 | |||||||||||||||
收入 |
||||||||||||||||||||
服務 |
6194 | 9702 | 9,574 | 7834 | 6209 | |||||||||||||||
裝置 |
15,830 | 17,432 | 20038 | 16,169 | 19972 | |||||||||||||||
其他 |
21歲 | 一百三十七 | 94 | 7. | 49 | |||||||||||||||
總收入 |
22,045 | 27,271 | 29,707 | 24,010 | 26,231 | |||||||||||||||
收入成本 |
14,462 | 16,446 | 18,635 | 14,978 | 18,732 | |||||||||||||||
毛利 |
7583 | 10,825 | 11,072 | 9032 | 7,499 | |||||||||||||||
運營費用 |
7645 | 9812 | 9935 | 8214 | 6892 | |||||||||||||||
營業利潤1
|
(62) | ) | 1,013 | 1,137 | 八百一十八 | 六百零七 | ||||||||||||||
專利訴訟2.
|
- | - | 1,610 | 1,289 | 841 | |||||||||||||||
其他費用合計3、4
|
1,656 | 七百九十一 | 1,234 | 八十二 | 200個 | |||||||||||||||
淨收益(虧損) |
(1,718 | ) | 222 | (1707) | ) | (554 | ) | (434) | ) |
1 Before stock-based compensation
1在基於股票的薪酬之前
2 For FY 2020, the Company incurred expenses for patent litigation net of the reversal of an accounting liability reflecting the funds the Company received from its litigation funding agreement. The Company has concluded the litigation with VMWare in both Canada and the United States and will incur no additional expense for this litigation.
2.在2020財年,本公司在扣除反映本公司從訴訟資金協定中獲得的資金的會計負債後,產生了專利訴訟費用。該公司已經在加拿大和美國結束了與VMWare的訴訟,不會因此而產生額外的費用。
3 Includes gain on litigation, gain or loss on asset disposal, stock-based compensation expense, interest expense, income tax recovery, foreign exchange loss or gain, other expenses and acquisition expense.
3.包括訴訟收益、資產處置收益或損失、股票補償費用、利息費用、所得稅追回、匯兌損失或收益、其他費用和收購費用。
4 For FY 2022, the Company wrote down its deferred tax asset and liabilities with a net impact of ($1,141).
4.在2022財年,公司減記了其遞延稅項資產和負債,淨影響為1,141美元。
Fourth Quarter 2022 (Q4 2022)
2022年第四季度(2022年第四季度)
"Route1's fourth quarter of 2022 net income was negatively impacted by our decision to remove deferred taxes assets and liabilities from the Company's balance sheet in the net amount of approximately CAD $1.1 million. It had no cash consequence. Further, the accounting decision has no impact on our ability to use our $11.8 million in Canadian operating tax losses that are being carried forward to reduce or eliminate cash tax obligations annually on our taxable operating income", said Tony Busseri, Route1's President and CEO.
Route1公司首席執行官兼首席執行官Tony·布塞裡表示:“Route1公司2022年第四季度的淨收入受到了負面影響,因為我們決定從公司資產負債表中剔除約110萬加元的遞延稅項資產和負債。它沒有現金影響。此外,會計決定不會影響我們利用正在結轉的1,180萬美元加拿大營業稅虧損來減少或消除我們應納稅營業收入每年的現金納稅義務的能力。”
The Company's operating results for Q4 2022 with comparatives are as follows:
本公司於2022年第四季度的經營業績及比較如下:
Statement of operations
In 000s of CAD dollars
|
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
Q4 2021 |
|||||||||||||||
Revenue |
||||||||||||||||||||
Subscription and services |
1,103 | 1,326 | 1,854 | 1,911 | 1,977 | |||||||||||||||
Devices and appliances |
2,279 | 5,519 | 5,251 | 2,781 | 5,022 | |||||||||||||||
Other |
6 | 2 | 9 | 3 | 36 | |||||||||||||||
Total revenue |
3,388 | 6,847 | 7,114 | 4,695 | 7,035 | |||||||||||||||
Cost of revenue |
2,032 | 4,842 | 5,015 | 2,572 | 4,660 | |||||||||||||||
Gross profit |
1,356 | 2,005 | 2,099 | 2,123 | 2,375 | |||||||||||||||
Operating expenses |
1,859 | 1,802 | 1,972 | 2,012 | 2,383 | |||||||||||||||
Operating profit 1
|
(503 | ) | 203 | 127 | 111 | (8 | ) | |||||||||||||
Total other expenses 2, 3
|
1,223 | 139 | 183 | 112 | 307 | |||||||||||||||
Net income (loss) |
(1,726 | ) | 64 | (56 | ) | (1 | ) | (315 | ) |
營運說明書
以2000加元計
|
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
Q1 2022年 |
問題4 2021年 |
|||||||||||||||
收入 |
||||||||||||||||||||
訂閱和服務 |
1103 | 1326 | 1854 | 1911 | 1977年 | |||||||||||||||
設備和用具 |
2,279 | 5519 | 5251 | 2781 | 5,022 | |||||||||||||||
其他 |
6. | 2. | 9. | 3. | 36 | |||||||||||||||
總收入 |
3388 | 6847 | 7,114 | 4695 | 7035 | |||||||||||||||
收入成本 |
2,032 | 4842 | 5,015 | 2572 | 4660 | |||||||||||||||
毛利 |
1,356 | 二零零五年 | 2099 | 2,123 | 2375 | |||||||||||||||
運營費用 |
1859 | 1,802 | 1972年 | 2012年 | 2383 | |||||||||||||||
營業利潤1
|
(503) | ) | 203 | 127 | 111 | (8 | ) | |||||||||||||
其他費用合計2、3
|
1223 | 一百三十九 | 一百八十三 | 一百一十二 | 三百零七 | |||||||||||||||
淨收益(虧損) |
(1726 | ) | 64 | (56) | ) | (1) | ) | (315 | ) |
1 Before stock-based compensation
1在基於股票的薪酬之前
2 Includes gain on litigation, gain or loss on asset disposal, stock-based compensation expense, interest expense, income tax recovery, foreign exchange loss or gain, other expenses and acquisition expense.
2.包括訴訟收益、資產處置收益或損失、股票補償費用、利息費用、所得稅追回、匯兌損失或收益、其他費用和收購費用。
3 For Q4 2022, the Company wrote down its deferred tax asset and liabilities with a net impact of ($1,141).
3.2022年第四季度,公司減記了遞延稅項資產和負債,淨影響為1,141美元。
Subscription and services revenue
in 000s of CAD dollars
|
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
Q4 2021 |
|||||||||||||||
Application software |
475 | 804 | 1,402 | 1,483 | 1,504 | |||||||||||||||
Technology as a service (TaaS) |
- | - | - | - | 50 | |||||||||||||||
Other services |
628 | 522 | 452 | 428 | 423 | |||||||||||||||
Total |
1,103 | 1,326 | 1,854 | 1,911 | 1,977 |
訂閱和服務收入
以2000加元計
|
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
Q1 2022年 |
問題4 2021年 |
|||||||||||||||
應用軟體 |
四百七十五 | 八百零四 | 1402 | 1,483 | 1 504 | |||||||||||||||
技術即服務(TAAS) |
- | - | - | - | 50 | |||||||||||||||
其他服務 |
六百二十八 | 五百二十二 | 四百五十二 | 四百二十八 | 423 | |||||||||||||||
總計 |
1103 | 1326 | 1854 | 1911 | 1977年 |
Other services revenue
in 000s of CAD dollars
|
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
Q4 2021 |
|||||||||||||||
Technology life-cycle maintenance and support |
300 | 275 | 214 | 209 | 175 | |||||||||||||||
Professional services |
328 | 246 | 238 | 219 | 248 | |||||||||||||||
Total |
628 | 521 | 452 | 428 | 423 |
其他服務收入
以2000加元計
|
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
Q1 2022年 |
問題4 2021年 |
|||||||||||||||
技術生命週期維護和支持 |
300個 | 二百七十五 | 214 | 209 | 一百七十五 | |||||||||||||||
專業服務 |
三百二十八 | 二百四十六 | 二百三十八 | 219 | 248 | |||||||||||||||
總計 |
六百二十八 | 五二一 | 四百五十二 | 四百二十八 | 423 |
Adjusted EBITDA
in 000s of CAD dollars
|
Q4 2022 |
Q3 2022 |
Q2 2022 |
Q1 2022 |
Q4 2021 |
|||||||||||||||
Adjusted EBITDA 3
|
(142 | ) | 543 | 459 | 446 | 341 | ||||||||||||||
Amortization |
361 | 340 | 332 | 335 | 348 | |||||||||||||||
Operating profit |
(503 | ) | 203 | 127 | 111 | (8 | ) |
調整後的EBITDA
以2000加元計
|
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
Q1 2022年 |
問題4 2021年 |
|||||||||||||||
調整後的EBITDA3.
|
(142) | ) | 543 | 四百五十九 | 446 | 341 | ||||||||||||||
攤銷 |
三六一 | 340 | 三三二 | 三百三十五 | 三百四十八 | |||||||||||||||
營業利潤 |
(503) | ) | 203 | 127 | 111 | (8 | ) |
3 Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation and amortization, stock-based compensation, patent litigation, restructuring and other costs. Adjusted EBITDA does not have any standardized meaning prescribed under IFRS and is therefore unlikely to be comparable to similar measures presented by other companies. Adjusted EBITDA allows Route1 to compare its operating performance over time on a consistent basis.
3.調整後的EBITDA被定義為扣除利息、所得稅、折舊和攤銷、基於股票的補償、專利訴訟、重組和其他成本之前的收益。經調整的EBITDA沒有國際財務報告準則規定的任何標準化含義,因此不太可能與其他公司提出的類似措施相媲美。調整後的EBITDA使Route1能夠在一致的基礎上比較其隨時間推移的運營業績。
Balance sheet extracts
In 000s of CAD dollars
|
Dec 31
2022
|
Sep 30
2022
|
Jun 30
2022
|
Mar 31
2022
|
Dec 31
2021
|
|||||||||||||||
Cash |
79 | 103 | 299 | 481 | 63 | |||||||||||||||
Total current assets |
4,901 | 5,445 | 4,593 | 3,618 | 5,726 | |||||||||||||||
Total current liabilities |
8,825 | 9,629 | 9,012 | 8,147 | 10,563 | |||||||||||||||
Net working capital |
(3,924 | ) | (4,184 | ) | (4,419 | ) | (4,529 | ) | (4,837 | ) | ||||||||||
Total assets |
12,355 | 14,826 | 13,909 | 12,574 | 15,097 | |||||||||||||||
Net bank debt and seller notes |
3,042 | 3,018 | 2,515 | 2,297 | 2,926 | |||||||||||||||
Total shareholders' equity |
1,765 | 3,209 | 2,883 | 2,774 | 2,728 |
資產負債表摘錄
以2000加元計
|
12月31日
2022年
|
9月30日
2022年
|
6月30日
2022年
|
3月31日
2022年
|
12月31日
2021年
|
|||||||||||||||
現金 |
79 | 103 | 299 | 四百八十一 | 63 | |||||||||||||||
流動資產總額 |
4901 | 5445 | 4593 | 3618 | 5726 | |||||||||||||||
流動負債總額 |
8825 | 9629 | 9,012 | 8,147 | 10,563 | |||||||||||||||
淨營運資本 |
(3924 | ) | (4,184 | ) | (4,419 | ) | (4,529 | ) | (4,837 | ) | ||||||||||
總資產 |
12,355 | 14,826 | 13,909 | 12,574 | 15,097 | |||||||||||||||
淨銀行債務和賣方票據 |
3042 | 3,018 | 2515 | 2297 | 2926 | |||||||||||||||
股東權益總額 |
1,765 | 3209 | 2883 | 2774 | 2728 |
As of April 26, 2023, there are a total of 2,925,000 options currently outstanding under the stock option plan.
截至2023年4月26日,根據股票期權計劃,目前共有2,925,000份期權未償還。
Business and Operations Metrics
業務和運營指標
Further to the Company's most recent shareholder call and webcast presentation held on February 28, 2023, Route1 communicated operating metrics that it believes assists in the establishment of whether its business model direction change is being successful and can be scaled. Specifically, the growth of gross profit generated from non-MobiKEY sales on a quarterly basis needs to achieve a minimum of US $1.15 million ("Benchmark A"), and recurring ALPR support contracts need to grow to in excess of US $1.0 million in annualized revenue value ("Benchmark B").
繼2023年2月28日舉行的公司最近一次股東電話會議和網路直播演示之後,Route1傳達了其認為有助於確定其商業模式方向轉變是否成功和可擴展的運營指標。具體地說,季度非MobiKEY銷售產生的毛利潤增長需要至少達到115萬美元(基準A),經常性的ALPR支持合同需要增長到年化收入價值超過100萬美元(基準B)。
Benchmark A
基準A
in US 000s |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | ||||||||||||
Annualized Value |
$ | 802 | $ | 1,080 | $ | 705 | $ | 672 |
在美國2000年代 |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | ||||||||||||
年化價值 |
$ | 802 | $ | 1080 | $ | 七百零五 | $ | 六百七十二 |
Benchmark B
基準B
Route1 continued to see improved levels of recurring revenue derived from its LPR clients through improved support contracts - technology life-cycle maintenance and support revenue. Route1 started the year at a base of US $595,000 per annum.
Route1繼續看到,通過改善支持合同-技術生命週期維護和支持收入,從LPR客戶獲得的經常性收入水準有所提高。Route1一開始的基數是每年595,000美元。
in US 000s |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | ||||||||||||
Reported Quarter Value |
$ | 222 | $ | 213 | $ | 168 | $ | 165 | ||||||||
Annualized Value |
$ | 888 | $ | 852 | $ | 672 | $ | 660 |
在美國2000年代 |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | ||||||||||||
報告的季度價值 |
$ | 222 | $ | 213 | $ | 一百六十八 | $ | 165 | ||||||||
年化價值 |
$ | 八百八十八 | $ | 852 | $ | 六百七十二 | $ | 六百六十 |
Since the closing of the Spyrus Solutions acquisition, Route1 has monetized the inventory acquired and realized good short-term success in selling the PocketVault P-3X technology. The Company spent approximately US $580,000 to acquire Spyrus Solutions.
自完成對Spyrus Solutions的收購以來,Route1已將收購的庫存貨幣化,並在銷售PocketVault P-3X技術方面取得了良好的短期成功。該公司斥資約580,000美元收購了Spyrus Solutions。
in US 000s |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | Q4-21 A | |||||||||||||||
Spyrus Solutions Gross Profit |
$ | 128 | $ | 280 | $ | 109 | $ | 281 | $ | 410 |
在美國2000年代 |
Q4-22 A | Q3-22 A | Q2-22 A | Q1-22 A | Q4-21 A | |||||||||||||||
Spyrus解決方案毛利潤 |
$ | 128 | $ | 二百八十 | $ | 一百零九 | $ | 281 | $ | 四百一十 |
Business Update Conference Call and Webcast
業務動態電話會議和網路廣播
The Company has decided to hold a conference call and web cast with the announcement of its Q1 2023 financial results in late May 2023.
公司已決定於2023年5月下旬舉行電話會議和網路直播,公佈2023年第一季度的財務業績。
About Route1 Inc.
關於Route1 Inc.
Route1 Inc. is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers, whether it be in a manufacturing plant, in-theater or in a university parking lot. Route1 is listed in Canada on the TSX Venture Exchange under the symbol ROI. For more information, visit: .
Route1 Inc.是一家先進的北美技術公司,為其客戶提供必要的以數據為中心的解決方案,以推動更大的盈利能力、提高運營效率和獲得可持續的競爭優勢,同時始終強調強大的網路安全和資訊保障姿態。Route1通過即時、安全地向決策者提供可操作的情報,為客戶提供卓越的結果,無論是在製造工廠、大區內還是在大學停車場。Route1在加拿大多倫多證券交易所創業板上市,股票代碼為ROI。有關更多資訊,請訪問:。
For More Information, Contact:
Tony Busseri
President and Chief Executive Officer
+1 480 500-7030
tony.busseri@route1.com
欲瞭解更多資訊,請聯繫:
Tony·布塞裡
總裁與首席執行官
+1 480 500-7030
郵箱:tony.busseri@route1.com
This news release, required by applicable Canadian laws, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
根據加拿大適用法律的要求,本新聞稿不構成在美國出售或邀請購買任何證券的要約。這些證券沒有也不會根據修訂後的《1933年美國證券法》(以下簡稱《美國證券法》)或任何州證券法進行登記,除非根據《美國證券法》和適用的州證券法登記,或獲得此類登記豁免,否則不得在美國境內或向美國公民發行或出售證券。
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.
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的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
2023 Route1 Inc. All rights reserved. No part of this document may be reproduced, transmitted or otherwise used in whole or in part or by any means without prior written consent of Route1 Inc. See for notice of Route1's intellectual property.
2023 Route1 Inc.保留所有權利。未經Route1 Inc.事先書面同意,不得全部或部分或以任何方式複製、傳播或以其他方式使用本文檔的任何部分。請參閱有關Route1的知識產權的通知。
This news release may contain statements that are not current or historical factual statements that may constitute forward-looking statements or future oriented financial information. These statements are based on certain factors and assumptions, including, expectations regarding the expected growth in the value of support contracts for the LPR business, price and liquidity of the common shares, competition for skilled personnel, expected financial performance and subscription-based revenue, business prospects, technological developments, development activities and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the market demand for the Company's products and services and risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these and other risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement or future oriented financial information to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources. Past or forecasted performance is not a guarantee of future performance and readers should not rely on historical results or forward-looking statements or future oriented financial information as an assurance of future results.
本新聞稿可能包含不是當前或歷史事實陳述的陳述,這些陳述可能構成前瞻性陳述或面向未來的財務資訊。這些陳述基於某些因素和假設,包括對LPR業務支持合同價值預期增長的預期、普通股的價格和流動性、對技能人才的競爭、預期財務業績和基於訂閱的收入、業務前景、技術發展、開發活動等。雖然Route1認為這些因素和假設是合理的,但根據現有資訊,它們可能被證明是不正確的。這些陳述涉及風險和不確定因素,包括但不限於對公司產品和服務的市場需求以及公司提交的報告檔案中描述的風險因素。由於這些風險和其他風險,實際結果可能與預測的結果大不相同,不應依賴於對未來事件的預測。除法律要求外,公司沒有義務更新任何前瞻性陳述或面向未來的財務資訊,以反映此類陳述發表之日之後的事件或情況,或反映意外事件的發生。本演示文稿中使用的估計值來自公司來源。過去或預測的業績不是未來業績的保證,讀者不應依賴歷史業績或前瞻性陳述或面向未來的財務資訊作為未來業績的保證。
SOURCE: Route1 Inc.
資料來源:Route1 Inc.