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Tantalus Systems Holding Inc. Reports Financial Results for Q2 and First Half of 2024

Tantalus Systems Holding Inc. Reports Financial Results for Q2 and First Half of 2024

Tantalus系統控股公司發佈2024年Q2和上半年財務報告
newsfile ·  08/06 17:50

Burnaby, British Columbia--(Newsfile Corp. - August 6, 2024) - Tantalus Systems (TSX: GRID) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, is pleased to announce its financial and operating results for the quarter and six months ended June 30, 2024.

位於不列顛哥倫比亞省本納比市——(新聞稿公司——2024年8月6日)—— Tantalus Systems (TSX: GRID)(「Tantalus」或「公司」)是一家致力於幫助公用事業現代化其分配電網以利用數據的科技公司,現很高興地宣佈其2024年6月30日季度和六個月的財務和運營成果。

Financial & Operating Highlights for Q2 20241:

20241年Q2財務和運營亮點:

  • Sales Orders: The Company converted $32.9 million (CND$44.7 million) of orders from its sales pipeline during the first six months of 2024. This dollar amount sets a new corporate record for orders converted within the first six months of a calendar year and represents more than 46% growth over the prior year period. The Company added fourteen new utilities through the first six months of the year, bringing its user community to 302 utilities.
  • 銷售訂單:公司在2024年頭六個月從銷售渠道獲得了3290萬美元(加拿大4470萬元)的訂單。此金額爲公司創下的頭六個月轉化訂單的新紀錄,比去年同期增長了46%以上。公司在今年頭六個月內新增了14個公用事業公司,使其用戶社區達到了302家。
  • Revenue: The Company generated revenue of $10.7 million (CND$14.6 million), representing a 4% decrease over the same period in 2023. The decline is tied to the timing of converting orders from the Company's pipeline, which can vary throughout the course of a calendar year, and capacity allocations with meter partners. Revenue contributions of $3.8 million from the Utility Software Applications and Services segment represented 35% of total revenue in the quarter.
  • 營業收入:公司的營業收入爲1070萬美元(加拿大1460萬美元),與2023年同期相比下降了4%。這種下降與從公司渠道轉化訂單的時間有關,這可能會在一年內的不同時間段發生變化,以及與電錶合作伙伴的容量分配有關。公用事業軟件應用和服務部門的380萬美元的收入佔該季度總收入的35%。
  • Annual Recurring Revenue (ARR)2: ARR stands at approximately $12.0 million (CND$16.4 million) as of June 30, 2024, representing approximately 14% growth over the prior year period. Recurring Revenue recognized during the three months ended June 30, 2024 was $2.6 million (CND$3.6 million), representing approximately 24% of total revenue for the quarter.
  • 截至2024年4月30日,年度重複收入(ARR)同比增長33%,達到了36.5億美元,其中本季度新增淨ARR爲2.11億美元。2:截至2024年6月30日,ARR約爲1200萬美元(加拿大1640萬美元),比去年同期增長約14%。在2024年6月30日結束的三個月中,確認的經常性收入爲260萬美元(加拿大360萬美元),佔當季銷售收入總額的約24%。
  • Gross Profit Margin2: The Company continued to deliver strong Gross Profit Margin of 55% in Q2 2024, continuing its trend of exceeding 50% for this financial measure.
  • 毛利率2:公司在2024年Q2繼續保持較高的55%毛利潤率,延續其超過50%的財務指標趨勢。
  • Adjusted EBITDA2: The Company generated Adjusted EBITDA of negative $0.2 million (negative CND$0.3 million) in Q2 2024 compared to Adjusted EBITDA of $0.3 million (CND$0.4 million) for the prior year period. The Adjusted EBITDA result included approximately $1.5 million (approximately CND$2.0 million) of additional investment to commercialize the TRUSense Gateway product offerings.
  • 調整後的EBITDA2:公司在2024年Q2創造了負200,000美元(負400,000加元)的調整後EBITDA,而去年同期的調整後EBITDA爲30萬美元(加拿大40萬元)。調整後EBITDA的結果包括約150萬美元(約合加拿大200萬美元)的額外投資以商業化TRUSense網關產品系列。
  • Balance Sheet: The Company ended Q2 2024 with $11.4 million in cash (CND$15.6 million) which increased from $5.2 million (CDN$6.8 million) as at December 31, 2023. The cash position for the Company was bolstered by a bought deal financing that was completed in May 2024.
  • 資產負債表::公司於2024年第二季度末現金餘額爲1140萬美元(加拿大1560萬美元),而截至2023年12月31日的現金餘額爲520萬美元(加拿大680萬美元)。公司的現金狀況得到了5月份獲得的一項交易融資的支持。
  • TRUSense Gateway: The Company announced Underwriters Laboratories ("UL") certification for the TRUSense Fiber Gateway (April 22, 2024) and the TRUSense Ethernet Gateway (July 22, 2024) and continues to work towards the final certification processes for the cellular version of the TRUSense Gateway product line. Additionally, the Company has secured orders from fifteen utilities to commence field trials, pilots and deployments of the TRUSense Gateway as of August 6, 2024.
  • TRUSense網關產品:公司宣佈獲得了TRUSense Fiber網關(2024年4月22日)和TRUSense以太網網關(2024年7月22日)的Underwriters Laboratories(「UL」)認證,並繼續努力完成TRUSense網關產品系列的最終認證流程。此外,截至2024年8月6日,公司已經爲15個公用事業公司獲得了啓動TRUSense網關的實地試驗、試點和部署的訂單。

"We continue to build momentum for Tantalus and were pleased to announce the bought deal financing during the quarter as well as setting a new milestone for orders converted from our pipeline during the first half of the year," said Peter Londa, President & CEO of Tantalus Systems. "We believe the 46% growth in orders ties to the progress we are making with the TRUSense Gateway, which underpins the Tantalus Grid Modernization Platform. While we are mindful of the slight decline in revenue on a year-over-year basis, securing initial orders from 15 utilities for the TRUSense Gateway is a good indication of the growth opportunity that our team is pursuing."

Tantalus Systems總裁兼首席執行官Peter Londa表示:“我們繼續爲Tantalus積累動力,並很高興在季度內宣佈交易融資以及創造了訂單轉化的新里程碑。'我們相信訂單的46%增長與我們在TRUSense網關內取得的進展有關,這是Tantalus Grid Modernization平台的支柱。雖然我們注意到了營收同比略有下降的情況,但獲得15個公用事業公司的TRUSense網關初始訂單是我們團隊追求增長機會的良好指標。'

The Company will hold a conference call and webcast to discuss the financial results on Wednesday, August 7, 2024, at 11:00 am Eastern Time.

公司將於2024年8月7日星期三上午11:00(東部時間)舉行電話會議和網絡直播,討論財務結果。

Conference Call

電話會議

Participant Dial In (Toll Free): 1-844-854-4410
Participant International Dial In: 1-412-317-5791
Participants, please ask to be joined to the Tantalus Systems call.

參加電話會議免費電話:1-844-854-4410
參加電話會議國際電話:1-412-317-5791
參與者請要求加入Tantalus Systems電話會議。

Webcast

網絡轉播

Webcast URL:

網絡直播鏈接:

Replay Information

重播信息

A conference call and webcast replay will be available until August 14, 2024. To access the conference call replay, please see details below:

電話會議和網絡收播重播將於2024年8月14日之前可用。若要訪問電話會議重播,請參閱以下詳細信息:

US Toll Free: 1-877-344-7529
International Toll: 1-412-317-0088
Canada Toll Free: 1-855-669-9658
Replay Access Code: 8131814

美國免費電話: 1-877-344-7529
國際收費電話: 1-412-317-0088
加拿大免費電話:1-855-669-9658
回放訪問代碼:8131814

Financial Statements and Management Discussion & Analysis

財務報表和管理層討論與分析MD&A

Please see the Company's consolidated financial statements ("Financial Statements") and related Management's Discussion & Analysis ("MD&A") for more details. The Financial Statements for the three and six months ended June 30, 2024, and related MD&A have been reviewed and approved by Tantalus' Audit Committee and Board of Directors. For a more detailed explanation and analysis, please refer to the MD&A that has been filed on SEDAR+ at and is also available on the Company's website at .

有關更多詳細信息,請參閱公司的綜合財務報表(「財務報表」)和相關的管理層討論及分析(「MD&A」)。2024年6月30日三個月和六個月的財務報表以及相關的MD&A已得到Tantalus審計委員會和董事會的審查和批准。爲獲得更詳細的解釋和分析,請參閱已在SEDAR+上註冊的MD&A,也可在公司的網站上獲得。

Non-IFRS and Other Financial Measures

非IFRS和其他財務指標

This press release refers to the following non-IFRS measures:

本新聞稿提及了以下非IFRS指標:

"Adjusted EBITDA" is comprised as income (loss) less interest, income tax and depreciation and amortization. Management believes that EBITDA is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. "Adjusted EBITDA" is comprised as income (loss) less interest, income tax, depreciation, amortization, stock-based compensation, foreign exchange gain (loss) and other income / expenses not attributable to the operations of the Company. Management believes that Adjusted EBITDA is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. See "Reconciliation of Net (Loss) / Income to Adjusted EBITDA" for a quantitative reconciliation of Adjusted EBITDA to the most directly comparable financial measure.

「調整後的稅息折舊及攤銷前利潤」由淨收入(虧損)減去利息、所得稅和折舊及攤銷計算而成。管理層認爲EBITDA是投資者的有用指標,也是管理層評估公司運營績效的指標。調整後的稅息折舊及攤銷前利潤由淨收入(虧損)扣除利息、所得稅、折舊、攤銷、股票報酬、匯率損益和其他與公司業務無關的收入/費用計算而成。管理層認爲調整後的稅息折舊及攤銷前利潤是投資者的有用指標,也是管理層評估公司運營績效的指標。請參閱「淨(虧損)收入與調整後的稅息折舊及攤銷前利潤的調和表」,以獲得調整後的稅息折舊及攤銷前利潤與最直接可比財務指標之間的數量調和。

"Gross Profit" is comprised as the Company's revenues less cost of sales. Management believes that Gross Profit is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. See "Gross Profit Reconciliation" for a quantitative reconciliation of Gross Profit to the most directly comparable financial measure. This press release refers to "Gross Profit Margin" which is a non-IFRS ratio. Gross Profit Margin is comprised of Gross Profit expressed as a percentage of the Company's revenues. Management believes that Gross Profit Margin is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company.

「毛利潤」由公司營收減去銷售成本計算而成。管理層認爲毛利潤是投資者的有用指標,也是管理層評估公司運營績效的指標。請參見「毛利潤調和表」,以獲得毛利潤與最直接可比財務指標之間的數量調和。本新聞稿提及的「毛利率」是一個非 IFRS 比率。毛利率由毛利潤除以公司營收的百分比表示。管理層認爲毛利率是投資者的有用指標,也是管理層評估公司運營績效的指標。

"Adjusted Working Capital" is comprised as current assets less current liabilities exclusive of the Company's loans. Management believes Adjusted Working Capital is a useful indicator for investors, and is used by management, for evaluating the operating liquidity to the Company. See "Adjusted Working Capital Reconciliation" for a quantitative reconciliation of Adjusted Working Capital to the most directly comparable financial measure.

「調整後的營運資本」由當前資產減去當前負債,不包括公司的貸款計算而成。管理層認爲,調整後的營運資本是投資者的有用指標,也是管理層評估公司流動性的指標。請參見「調整後的營運資本調和表」,以獲得調整後的營運資本與最直接可比財務指標之間的數量調和。

"Recurring Revenue" is comprised of the Company's revenues that are recurring in nature and attributable to its analytics and other software as a service ("SaaS") offering, hosting services and software maintenance and technical support agreement services. "Annual Recurring Revenue" or "ARR" is comprised of the Company's Recurring Revenue as expressed on an annualized revenue basis attributable to its customer agreements at a point in time.

「循環營收」是指公司的收入,這些收入是與其分析和其他軟件即服務(「SaaS」),託管服務以及軟件維護和技術支持協議服務有關的,具有重複性的性質。「年度循環營收」或「ARR」是指公司在某一時點按年化營收基礎計算的循環營收。

Such non-IFRS measures and non-IFRS ratio do not have a standardized meaning under IFRS and may not be comparable to a similar measure disclosed by other issuers.

這些非 IFRS 指標和非 IFRS 比率在 IFRS 下沒有標準化的含義,並且可能無法與其他發行人披露的類似指標進行比較。

Gross Profit Margin Reconciliation

毛利率調和表

Reconciliation of Net (Loss)/Income to Adjusted EBITDA

淨(虧損)收入與調整後的稅息折舊及攤銷前利潤的調和表

Adjusted Working Capital Reconciliation

調整後的營運資本調和表

About Tantalus Systems Holding Inc. (TSX: GRID)

Tantalus是一家科技公司,旨在通過在周圍的配電網中利用其所有的設備和系統所提供的數據,幫助公用事業現代化其配電網。 我們提供一種跨多級的網格現代化平台:智能連接設備,通信網絡,數據管理,企業應用和分析。 我們的解決方案爲公用事業提供了所需的靈活性,從而能夠從現有基礎設施投資中獲得最大價值,並利用先進的功能規劃未來的需求。 了解更多請訪問。

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at .

本新聞稿包含的信息,陳述,信仰和意見是前瞻性的,並反映了關於未來事件的當前估計,期望和預測, 包括但不限於水電公司當前和未來可能面臨的問題,如網格現代化和DER的影響,這些問題的優先級,Tantalus的解決方案(包括Tantalus網格現代化平台和TRUSense網關)能否協助客戶解決這些問題(例如提高復原能力和管理DER),以及其他說法,這些說法包含"相信","期望","項目","應該","尋求","預計", "將","打算","定位","風險","計劃","可能","估計" 或各種意義上的否定和相似含義的單詞。前瞻性信息的性質涉及許多風險,不確定性和假設,這些風險,不確定性和假設可能會導致實際結果或事件與前瞻性信息所表達的結果或事件有所不同。這些風險,不確定性和假設可能會對此處所述的計劃和事件的結果產生不利影響。讀者不應過分依賴前瞻性信息,該信息基於本新聞發佈日期可獲得的信息,Tantalus不承擔任何更新或修訂本新聞發佈中包含的任何前瞻性信息的意圖或義務,除非適用法律要求。本新聞發佈中所包含的前瞻性信息在其整體上受到此警告聲明的明確限制。

Forward-Looking Statements:

前瞻性聲明:

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements such as those relating to increasing demand for the Company's solutions in support of utilities' grid modernization efforts, the commercialization and adoption of the TRUSense Gateway, the trajectory of the Company's business (including as related to the opportunity represented by the TRUSense Gateway product offering), and the ability to execute the Company's plan.

本新聞稿包含適用證券法規的「前瞻性信息」。本新聞稿中的前瞻性信息通常可識別,其使用包括「相信」、「可能」、「計劃」、「將」、「預計」、「預測」、“以及類似的表達方式,以及負面表達。本新聞稿中的前瞻性信息包括與支持公用事業電網現代化工作的公司解決方案的需求增長、TRUSense 網關的商業化和採用、公司業務的軌跡(包括 TRUSense 網關產品提供的機會)以及執行公司計劃的能力有關的聲明。

To the extent any forward-looking information in this news release constitutes a "financial outlook" within the meaning of securities laws, such information is being provided because management's estimate of the future financial performance of Tantalus is useful to investors, and readers are cautioned that this information may not be appropriate for any other purpose and that they should not place undue reliance on such information.

在本新聞稿中,如果任何前瞻性信息構成證券法規下的「財務前景」,則提供此類信息是因爲 Tantalus對 Tantalus 未來的財務表現的估計對投資者有用,讀者應注意此信息可能不適用於任何其他目的,並且不應過度依賴此信息。

In connection with the forward-looking information contained in this news release, Tantalus has made numerous assumptions, regarding, among other things: the expected impact of supply chain constraints, the expected impact of inflationary pressures on costs and the expected timing of new product introductions, and the ongoing R&D investments and commercialization of the TRUSense Gateway. While Tantalus considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Tantalus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing Tantalus is disclosed under the heading "Risk Factors" in Tantalus' Annual Information Form dated March 31, 2024, as well as those risk factors included with Tantalus' continuous disclosure filings with Canadian securities regulatory authorities available at . All forward-looking information herein is qualified in its entirety by this cautionary statement, and Tantalus disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

有關本新聞稿中包含的前瞻性信息,Tantalus已經做出了大量假設,其中包括:預期供應鏈限制的影響、通脹對成本的影響以及新產品推出的預期時間,以及 TRUSense 網關的研發投資和商業化。儘管 Tantalus 認爲這些假設是合理的,但這些假設本質上面臨着重大的不確定性和不可抗力的情況。此外,已知和未知的風險因素可能會導致 Tantalus 的實際結果、業績或成就與任何在此處明示或暗示的未來結果、業績或成就有實質性的不同。完整的 Tantalus 面臨的風險和不確定性討論在於 Tantalus 2024 年 3 月 31 日提交的《年度信息表》,以及在 Tantalus 的加拿大證券監管機構的連續披露文件中包含的風險因素中披露。此處的所有前瞻性信息均在其整體上通過此警示性聲明得到限制,Tantalus不承擔修訂或更新任何此類前瞻性信息或公開宣佈所述任何此類前瞻性信息的結果的義務,以反映未來的結果、事件或發展,除非法律要求。

Contact Tantalus:
Deborah Honig
Investor Relations
647-203-8793 | deborah@adcap.ca

聯繫Tantalus:
黛博拉•霍尼格
投資者關係
647-203-8793 | deborah@adcap.ca

Website:
LinkedIn: LinkedIn/company/tantalus
X (formerly Twitter): @TantalusCorp

網站:
領英:LinkedIn/company/tantalus
X(前身爲 Twitter):@TantalusCorp

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1 Financial information is reported in United States dollars ("$") unless otherwise stated and in accordance with International Financial Reporting Standards ("IFRS"). Where balances are also expressed in Canadian dollars ("CND$") in this news release, an average foreign exchange rate of 0.7308 and 0.7361 for the three and six months ended June 30, 2024 (0.7447 and 0.7421 for the three and six months ended June 30, 2023) for income statement items and a foreign exchange rate of 0.7306 as at June 30, 2024 (0.7553 as at June 30, 2023 and 0.7561 as at December 31, 2023) for balance sheet items has been applied. Certain dollar amounts in this news release have been rounded to the nearest millions or thousands of dollars.

1 除非另有說明,本財務信息以美元(「$」)報告,並按照國際財務報告準則(「IFRS」)報告。本新聞稿中加元(「CND$」)的餘額,運用了以下外匯平均匯率:2024年6月30日三個月和六個月末接近 0.7308 和 0.7361(2019年6月30日三個月和六個月末接近 0.7447和0.7421)的收入項目和加權平均匯率爲2024年6月30日接近 0.7306 (2019年6月30日爲 0.7553,2019 年 12 月 31 日爲 0.7561)的資產負債表項目。本新聞稿中的某些金額以最接近百萬或千元的人民幣報告。

2 See "Non-IFRS and Other Financial Measures."

2 請參見 「非 IFRS 指標和其他財務指標」。

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