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Yangaroo Announces Q2'2023 Results

Yangaroo Announces Q2'2023 Results

Yangaroo公佈2023年第二季度業績
newsfile ·  2023/08/29 08:00

Third Consecutive Quarterly Positive Normalized EBITDA

連續第三個季度正值標準化EBITDA

Toronto, Ontario--(Newsfile Corp. - August 29, 2023) - YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the second quarter ended June 30, 2023. The full text of the Financial Statements and Management Discussion & Analysis is available at and at . Please note that all currency in this press release is denominated in United States dollars, unless otherwise noted.

安大略省多倫多-(Newsfile Corp.-2023年8月29日)-YANGAROO Inc.(TSXV:YOO)(場外粉色:YOOIF)(楊加魯人“,”公司“),媒體資產工作流程和分銷解決方案的軟體領導者,今天公佈了截至2023年6月30日的第二季度財務業績。財務報表和管理層討論與分析的全文可在和在。請注意,本新聞稿中的所有貨幣都以美元計價,除非另有說明。

The second quarter of 2023 showed significant advancements with respect to operating income and cash-flow generation, as compared to prior-year quarter losses, and improved sales volume and revenue, when adjusted for seasonality. The Advertising Division increased delivery volumes in the quarter was mostly due to a significant client's increase in campaign activity, which has now been completed. The Awards Division results were down compared to this time in the prior year. The result is attributed to the timing of our award shows and is expected to recover and exceed prior-year Awards Division revenue in 2023. The Music Division revenue was down, on a year-over-year basis, mostly due to fewer new music video deliveries by major record labels. Music audio deliveries continue to be only marginally down on a year-over-year basis, attributed to a slower start to the year than historical trends.

與去年同期的虧損相比,2023年第二季度的營業收入和現金流產生出現了顯著增長,經季節性調整後,銷售額和收入也有所改善。廣告司在本季度增加了投遞量,主要是因為客戶的活動大幅增加,活動現已完成。與前一年的這個時候相比,獎項司的結果有所下降。這一結果歸因於我們頒獎典禮的時機,預計2023年將恢復並超過前一年的頒獎部收入。音樂部門的收入同比下降,主要是因為主要唱片公司交付的新音樂視頻減少。與去年同期相比,音樂音頻的發送量繼續略有下降,這歸因於今年的開局慢於歷史趨勢。

  • Advertising Division

    • Revenue of $1,583,809 in Q2'23 versus revenue of $1,250,277 in Q2'22

  • Entertainment Group (Music & Awards Divisions)

    • Revenue of $588,721 in Q2'23 versus revenue of $665,030 in Q2'22

  • 廣告部

    • 23年第2季度收入為1,583,809美元,而22年第2季度收入為1,250,277美元

  • 娛樂集團(音樂和獎項部門)

    • 23年第2季度的收入為588,721美元,而22年第2季度的收入為665,030美元

Grant Schuetrumpf, CEO of Yangaroo, stated, "We are pleased with the progress we've achieved in stabilizing our operations after the challenges of 2022. This progress is evident in the consecutive and sequential quarters of Normalized EBITDA generation. Additionally, we've observed modest advancements in business development and sales opportunities compared to last year's period. Our approach remains cautious and grounded as we strategically leverage these prospects for gradual growth in the future.

Yanaroo首席執行官Grant Schuetrampf表示:“我們很高興在經歷了2022年的挑戰後,我們在穩定業務方面取得了進展。這一進展在標準化EBITDA世代的連續和連續季度中都很明顯。此外,我們觀察到與去年同期相比,業務發展和銷售機會略有進步。我們的做法仍然謹慎和紮實,因為我們從戰略上利用這些未來逐步增長的前景。

"To fuel new revenue streams across our divisions, we've taken a pragmatic and attainable approach to capitalize on emerging opportunities. Within the Advertising Division, our efforts encompass an expanded solution offering, including TV Legal Clearance, Analytics, amplified post-production capabilities, and overall platform enhancements alongside technology integrations. This expanded scope is anticipated to pave the way for more substantial opportunities. While the Music Division encountered volume challenges early in Q1'23, especially with significant record-label music video releases, we are encouraged by a volume uptick towards the quarter's end. Our dedication to nurturing the music division and elevating user experiences persists, aimed at optimizing music promotion possibilities. Moreover, our Award Shows Division is diligently working on finalizing the new Awards technology, a development that positions us to provide a comprehensive solution to a broader market, thus extending our reach and potential."

為了在我們的部門中增加新的收入來源,我們採取了一種務實和可行的方法來利用新出現的機會。在廣告事業部,我們的努力包括擴大解決方案的提供,包括電視法律許可、分析、增強的後期製作能力,以及整體平臺增強以及技術集成。這一擴大的範圍預計將為更多的實質性機會鋪平道路。雖然音樂部門在23年第一季度初遇到了音量挑戰,特別是隨著唱片公司音樂視頻的大量發佈,但隨著季度末音量的上升,我們感到鼓舞。我們致力於培育音樂部門和提升用戶體驗,旨在優化音樂推廣的可能性。此外,我們的獎項表明該部門正在努力敲定新的Awards技術,這一髮展使我們能夠為更廣泛的市場提供全面的解決方案,從而擴大我們的覆蓋範圍和潛力。“

  • Operating Expenses and Normalized EBITDA

    • The Company completed additional head-count reductions in the current quarter and incurred restructuring expenses of $49,384. Continued reductions in head-count resulted in a salary expenses of $1,344,064 or a savings of $163,759 versus the second quarter of 2022.

    • Technology and production expenses continued to decline with savings of $48,569 versus the second quarter of 2022 resulting from continued efforts to reduce over-head expenditures.

    • Third consecutive quarter of significant Normalized EBITDA; the Company generated $526,202 of Normalized EBITDA in Q2'23, $116,143 of Normalized EBITDA in Q1'23 and $833,974 of Normalized EBITDA in Q4'22.

  • 運營費用和標準化EBITDA

    • 該公司在本季度完成了進一步的裁員,並產生了49,384美元的重組費用。人數持續減少導致薪金支出為1 344 064美元,與2022年第二季度相比節省163 759美元。

    • 技術和生產費用繼續下降,與2022年第二季度相比節省了48,569美元,這是由於繼續努力減少管理費用。

    • 連續第三個季度實現顯著的規格化EBITDA;公司在23年第2季度產生了526,202美元的規格化EBITDA,在23年第1季度產生了116,143美元的規格化EBITDA,在22年第4季度產生了833,974美元的規格化EBITDA。

Approaching the latter part of 2023, Yangaroo maintains its commitment to pursue its growth strategy diligently. This involves actively broadening its customer base and consistently investing in its platform. Although linear advertising delivery needs are decreasing due to the known technological shift towards CTV, Yangaroo remains uniquely positioned to offset the impact by an increase new customer sign-ups. The music promotion services continue to show gradual improvement, aligning more closely with budget expectations. The Company is well-positioned to capitalize on both organic and strategic paths for growth, leveraging its current market positions.

接近2023年下半年,Yanaroo堅持勤奮追求增長戰略的承諾。這包括積極擴大其客戶基礎,並持續投資於其平臺。儘管由於已知的向有線電視的技術轉移,線性廣告投放需求正在減少,但Yanaroo仍然處於獨特的地位,可以抵消新客戶簽約增加的影響。音樂推廣服務繼續逐步改善,更加符合預算預期。該公司處於有利地位,能夠充分利用其目前的市場地位,利用有機和戰略的增長途徑。

Q2'2023 Financial Highlights

2023年第二季度財務亮點

  • Revenue in Q2'2023 was $2,172,530 compared to $1,845,253 and $1,915,307 in the first quarter of 2023 and the second quarter of 2022, respectively.

    • Revenue increased by $327,277 or 18% versus Q1'2023. The increase in revenue was due to increased Advertising revenue with an increase of $149,219 or 12%, and increased Music and Awards revenue with an increase of $178,058 or 27%. The increase in Advertising revenue is attributed to an increase in revenue recognized from one of the Company's existing customers. The increase in Awards revenue is primarily attributed to cyclicality in our customer's award show schedules which typically peak in the summer periods.

    • Revenue increased by $257,223 or 13% versus Q2'2022. The increase in revenue is primarily attributed to increased Advertising revenue of $333,532 or 27% offset by a decline in Awards and Music revenue of $76,911 or 11%. The primary factors affecting advertising sales in the current quarter is attributed to an increase in ad delivery volume recognized from one of the Company's existing customers. The decrease is primarily attributed to a current year reduction and the timing of activity in Awards Shows as well as lower volumes amongst Music customers.

  • Operating expenses in Q2'2023 were $1,905,839 compared to $2,100,123 and $2,259,186 in the first quarter of 2023 and the second quarter of 2022, respectively.

    • Operating expenses decreased by $194,284 or 9% versus Q1'2023. The decrease in operating expenses is primarily attributed to the reversal of previously recorded bad debts and decreased legal and professional services fees.

    • Operating expenses decreased by $353,347 or 16% versus Q2'2022. The decrease in operating expenses is primarily attributed to a reduction of employee headcount, enacted primarily in the first half of 2022, which is fully realized in 2023, and a continued focus on lower marketing and technology spend as part of the Company's cash saving measures, in addition to the reversal of previously recorded bad debts.

  • Normalized EBITDA in Q2'2023 was $526,202 in comparison to normalized EBITDA of $116,143 in the first quarter of 2023 and normalized EBITDA loss of $42,766 in the second quarter of 2022.

    • Normalized EBITDA increased by $410,059 compared to Q1'2023. The increase is primarily attributed to an increase in revenue in addition to reductions in the Company's operating expenses, as discussed in further detail above.

    • Normalized EBITDA increased by $568,968 compared to Q2'2022. The increase is primarily attributed to significantly lower operating expenses, primarily attributed to reduced salaries, general and administrative costs and restructuring expenses, as discussed in further detail above.

  • 2023年第二季度的收入為2,172,530美元,而2023年第一季度和2022年第二季度的收入分別為1,845,253美元和1,915,307美元。

    • 收入比2023年第一季度增加了327,277美元,增幅為18%。收入增長是由於廣告收入增加149,219美元或12%,以及音樂和大獎收入增加178,058美元或27%。廣告收入的增長歸因於從該公司現有客戶之一確認的收入的增加。Awards收入的增長主要歸因於我們客戶的頒獎典禮時間表的週期性,通常在夏季達到頂峰。

    • 收入比2022年第二季度增加了257,223美元,增幅為13%。收入的增長主要歸因於廣告收入增加333,532美元或27%,但被獎項和音樂收入下降76,911美元或11%所抵消。影響本季度廣告銷售的主要因素歸因於該公司的一個現有客戶確認的廣告投放量的增加。這一下降主要歸因於本年度的減少和Awards演出活動的時間安排,以及音樂客戶數量的下降。

  • 2023年第二季度的運營費用為1,905,839美元,而2023年第一季度和2022年第二季度的運營費用分別為2,100,123美元和2,259,186美元。

    • 與2023年第一季度相比,運營費用減少了194,284美元,降幅為9%。業務費用減少的主要原因是沖銷了以前記錄的壞賬以及法律和專業服務費的減少。

    • 與2022年第二季度相比,運營費用減少了353,347美元,降幅為16%。運營費用減少的主要原因是,主要在2022年上半年實施的員工人數減少,並於2023年全面實現,以及作為公司現金節約措施的一部分,繼續關注降低營銷和技術支出,以及沖銷以前記錄的壞賬。

  • 2023年第二季度的正常化EBITDA為526,202美元,而2023年第一季度的正常化EBITDA為116,143美元,2022年第二季度的正常化EBITDA虧損為42,766美元。

    • 與2023年第一季度相比,標準化EBITDA增加了410,059美元。這一增長主要歸因於收入的增加以及公司運營費用的減少,如上文進一步詳細討論的那樣。

    • 與2022年第二季度相比,標準化EBITDA增加了568,968美元。增加的主要原因是業務費用大幅減少,主要原因是薪金、一般和行政費用以及重組費用減少,如上文更詳細討論的那樣。

Financial Highlights

財務亮點



Q2 2023

Q1 2023

Q4 2022

Q3 2022
Cash and cash equivalents $ 284,178
$ 204,604
$ 296,748
$ 346,744
Working capital (deficiency) $ (94,749 ) $ (224,819 ) $ 217,710
$ (1,701,222 )
Liquidity $ 552,690
$ 781,378
$ 737,680
$ 639,320
Revenue $ 2,172,530
$ 1,845,253
$ 2,097,353
$ 1,733,140
Operating expenses $ 1,905,839
$ 2,100,123
$ 1,426,919
$ 1,987,591
Other expenses (income) $ 230,473
$ 109,749
$ 148,123
$ (109,995 )
Income (loss) for the period $ 36,218
$ (364,619 ) $ 522,311
$ (144,456 )
Income (loss) per share - basic $ 0.00
$ (0.01 ) $ 0.01
$ (0.00 )
Income (loss) per share - diluted $ 0.00
$ (0.01 ) $ 0.01
$ (0.00 )
EBITDA $ 368,740
$ (13,324 ) $ 816,075
$ 108,087
EBITDA Margin %
16.97%

-0.72%

38.91%

6.24%
Normalized EBITDA (loss) $ 526,202
$ 116,143
$ 833,974
$ 2,205
Normalized EBITDA Margin %
24.22%

6.29%

39.76%

0.13%


Q2 2022

Q1 2022

Q4 2021

Q3 2021
Cash and cash equivalents $ 607,289
$ 783,159
$ 768,251
$ 1,271,871
Working capital (deficiency) $ (1,517,889 ) $ (1,649,976 ) $ 911,861
$ 1,985,484
Liquidity $ 1,033,533
$ 1,862,483
$ 2,148,594
$ 2,645,390
Revenue $ 1,915,307
$ 1,989,042
$ 2,305,594
$ 2,429,867
Operating expenses $ 2,259,186
$ 2,492,222
$ 2,611,535
$ 2,405,178
Other expenses (income) $ (2,133,145 ) $ 94,395
$ 24,783
$ (33,797 )
Income (loss) for the period $ 1,789,266
$ (597,575 ) $ (330,724 ) $ 58,486
Income (loss) per share - basic $ 0.03
$ (0.01 ) $ (0.01 ) $ 0.00
Income (loss) per share - diluted $ 0.03
$ (0.01 ) $ (0.01 ) $ 0.00
EBITDA $ 2,047,149
$ (340,172 ) $ (99,125 ) $ 329,554
EBITDA Margin %
106.88%

-17.10%

-4.30%

13.56%
Normalized EBITDA (loss) $ (42,766 ) $ (259,847 ) $ (164,899 ) $ 338,404
Normalized EBITDA Margin %
-2.23%

-13.06%

-13.06%

13.93%


2023年第二季度

2023年第一季度

2022年年第四季度

2022年第三季度
現金和現金等價物 $ 284,178
$ 204,604
$ 296,748
$ 346,744
營運資金(不足) $ (94,749 ) $ (224,819 ) $ 217,710
$ (1,701,222 )
流動性 $ 552,690
$ 781,378
$ 737,680
$ 639,320
收入 $ 2,172,530
$ 1845,253
$ 2097,353
$ 1733,140
運營費用 $ 1905,839
$ 2,100,123
$ 1426,919
$ 1987,591
其他費用(收入) $ 230,473
$ 109,749
$ 148,123
$ (109,995 )
當期收入(虧損) $ 36,218
$ (364,619 ) $ 522,311
$ (144,456) )
每股收益(虧損)-基本 $ 0.00
$ (0.01 ) $ 0.01
$ (0.00 )
每股收益(虧損)-稀釋後 $ 0.00
$ (0.01 ) $ 0.01
$ (0.00 )
EBITDA $ 368,740
$ (13,324 ) $ 816,075
$ 108,087
EBITDA利潤率%
16.97%

-0.72%

38.91%

6.24%
歸一化EBITDA(虧損) $ 526,202
$ 116,143
$ 833,974
$ 2205
歸一化EBITDA利潤率%
24.22%

6.29%

39.76%

0.13%


2022年第二季度

2022年年第一季度

2021年第四季度

2021年第三季度
現金和現金等價物 $ 607,289
$ 783,159
$ 768,251
$ 1271,871
營運資金(不足) $ (1,517,889 ) $ (1649,976) ) $ 911,861
$ 1985,484
流動性 $ 1033,533
$ 1862,483
$ 2,148,594
$ 2645,390
收入 $ 1915,307
$ 1989,042
$ 2,305,594
$ 2429,867
運營費用 $ 2259,186
$ 2492,222
$ 2611535
$ 2,405,178
其他費用(收入) $ (2,133,145 ) $ 94,395
$ 24,783
$ (33,797 )
當期收入(虧損) $ 1,789,266
$ (597,575 ) $ (330,724) ) $ 58,486
每股收益(虧損)-基本 $ 0.03
$ (0.01 ) $ (0.01 ) $ 0.00
每股收益(虧損)-稀釋後 $ 0.03
$ (0.01 ) $ (0.01 ) $ 0.00
EBITDA $ 2047,149
$ (340,172 ) $ (99,125 ) $ 329,554
EBITDA利潤率%
106.88%

-17.10%

-4.30%

13.56%
歸一化EBITDA(虧損) $ (42,766 ) $ (259,847 ) $ (164,899 ) $ 338,404
歸一化EBITDA利潤率%
-2.23%

-13.06%

-13.06%

13.93%

About YANGAROO

關於揚加羅

Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralised and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralised digital asset management, delivery and promotion. DMDS is used across the advertising, music, and entertainment awards show markets.

Yanaroo是媒體和娛樂行業的技術提供商,提供基於雲的軟體平臺,用於管理和分發數位媒體內容。Yanaroo的數位媒體分發系統(“DMDS”)平臺是一個獲得專利的基於雲的平臺,為客戶提供直接連接廣播和電視廣播公司、數位顯示網路和視頻出版商的集中和完全集成的工作流程,以實現集中的數位資產管理、交付和推廣。DMDS廣泛應用於廣告、音樂和娛樂頒獎典禮市場。

YANGAROO Inc. is a publicly listed company incorporated on July 28, 1999 under the laws of Ontario as Musicrypt.com Inc. and changed to its present name on July 17, 2007. YANGAROO trades on the TSX Venture Exchange ("TSX-V") under the symbol YOO and in the U.S. under OTCPK: YOOIF.

YANGAROO Inc.是一家上市公司,於1999年7月28日根據安大略省的法律註冊為Musicinkt.com Inc.,並於2007年7月17日更名為現在的名稱。YANGAROO在多倫多證券交易所創業板(“TSX-V”)的交易代碼為YOO,在美國的交易代碼為OTCPK:YOOIF。

The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 3G1.

該公司公司辦公室和主要營業地點的地址是:安大略省多倫多Dufferin Street 360,Suite 203,郵編:M6K 3G1。

# # #

###

For YANGAROO Investor Inquiries:
Grant Schuetrumpf
Ph: (416) 534 0607
grant.schuetrumpf@yangaroo.com

對於YANGAROO投資者諮詢:
格蘭特·舒特倫普夫
電話:(416)534 0607
郵箱:grant.schuetrampf@yangaroo.com

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 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)均不對本新聞稿的準確性承擔責任。

Cautionary Note Regarding Forward-looking Statements

有關前瞻性陳述的注意事項

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.

本新聞稿包含適用於加拿大證券法的某些前瞻性陳述和前瞻性資訊(在此統稱為“前瞻性陳述”)。除有關當前或歷史事實的陳述外,所有陳述均為前瞻性陳述。前瞻性陳述常常但不總是通過使用諸如“預期”、“實現”、“可能”、“相信”、“計劃”、“打算”、“目標”、“持續”、“持續”、“估計”、“展望”、“預期”、“可能”、“將”、“專案”、“應該”或類似的詞語,包括其否定,來確定未來的結果。

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the technology industry. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

前瞻性陳述會受到已知和未知風險、不確定因素和其他因素的影響,其中許多風險、不確定因素和其他因素不是YANGAROO所能控制的,這些因素可能會導致YANGAROO的實際結果、活動水準、業績或成就與這類前瞻性陳述明示或暗示的內容大不相同,包括但不限於:發售所得資金的使用、收到所有必要的發售批准、一般業務、經濟、競爭、政治和社會不確定性;談判不確定性和技術行業的其他風險。儘管YANGAROO試圖確定可能導致實際結果與前瞻性陳述中包含的結果大不相同的重要因素,但可能還有其他因素導致結果與預期、估計或預期的結果不同。

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

前瞻性陳述不是對未來業績的保證,涉及許多風險和不確定因素,本文對其中一些風險和不確定因素進行了描述。此類前瞻性表述必然涉及已知和未知的風險和不確定因素,這可能會導致揚加羅的實際業績和結果與此類前瞻性表述明示或暗示的對未來業績或結果的任何預測大不相同。任何前瞻性陳述都是自本新聞稿發佈之日起作出的,除非法律另有要求,否則揚加羅和揚加羅均不承擔公開更新或修改此類陳述以反映新資訊的義務,無論是後續資訊還是其他資訊。

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声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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