Press Release: On Track Innovations Ltd. Reports -2-

新聞稿：軌道創新有限公司報告-2-

Dow Jones Newswires · 2021/11/15 20:40


Intangible assets, net                     171            247 
Right-of-use assets due to operating 
 leases                                    2,304          2,903 
Total non-current assets                   4,201          4,824 
Total Assets                               $   13,658     $  16,986 
ON TRACK INNOVATION LTD. 
INTERIM UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET 
(US dollars in thousands) 
                                                   September 30,  December 31, 
                                                   2021           2020 
Liabilities and Equity 
Current Liabilities 
Short-term bank credit and loans and current 
maturities 
 of long-term bank loans                           $   1,863      $    542 
Convertible short-term loan from shareholders, 
 including a controlling  shareholder              422            625 
Trade payables                                     3,410          1,667 
Other current liabilities                          2,519          2,283 
Liabilities from discontinued operations - held 
 for sale                                          -              5,829 
Total current liabilities                          8,214          10,946 
Long-Term Liabilities 
Long-term loans, net of current maturities         24             14 
Long-term liabilities due to operating leases, 
 net of current maturities                         1,708          2,343 
Accrued severance pay                              993            977 
Total long-term liabilities                        2,725          3,334 
Total Liabilities                                  10,939         14,280 
Commitments and Contingencies 
Equity 
Shareholders' Equity 
Ordinary shares of NIS 0.1 par value: Authorized 
-- 
100,000,000 shares as of September 30, 2021 and 
December 31, 2020; issued: 73,968,592 and 
55,003,076 shares as 
of September 30, 2021 and December 31, 2020, 
respectively; 
outstanding: 72,789,893 and 53,824,377 shares 
as of September 30, 2021, and December 31, 2020, 
 respectively                                      2,008          1,423 
Additional paid-in capital                         233,406        227,209 
Treasury shares at cost - 1,178,699 shares as of 
September 30, 
  2021 and December 31, 2020                       (2,000)        (2,000) 
Accumulated other comprehensive loss               (332)          (961) 
Accumulated deficit                                (230,363)      (222,965) 
Total Equity                                       2,719          2,706 
Total Liabilities and Equity                       $   13,658     $  16,986 
ON TRACK INNOVATION LTD. 
INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS 
(US dollars in thousands, except share and per share data) 
                  Three months ended           Nine months ended 
                   September 30,                September 30, 
                  2021         (*)2020         2021         (*) 2020 
Revenues 
Sales             $   4,632   $   2,624        $ 9,465     $ 9,718 
Software as a 
 Service 
 ("SaaS")         407         362              1,194       972 
Total revenues    5,039       2,986            10,659      10,690 
Cost of revenues 
Cost of sales     3,715       1,834            6,955       6,213 
Total cost of 
 revenues         3,715       1,834            6,955       6,213 
Gross profit      1,324       1,152            3,704       4,477 
Operating 
expenses 
Research and 
 development      946         839              2,684       2,635 
Selling and 
 marketing        701         765              2,042       2,348 
General and 
 administrative   764         799              2,245       2,299 
Total operating 
 expenses         2,411       2,403            6,971       7,282 
Operating loss 
 from continuing 
 operations       (1,087)     (1,251)          (3,267)     (2,805) 
Financial 
 expenses 
 derived from 
 convertible 
 short-term loan 
 from 
 shareholders     (345)       -                (2,398)     - 
Other financial 
 expenses, net    (112)       (72)             (160)       (5) 
Financial 
 expenses, net    (457)       (72)             (2,558)     (5) 
Loss from 
continuing 
operations 
before taxes on 
 income           (1,544)     (1,323)          (5,825)     (2,810) 
Income tax 
 benefits 
 (expenses)       -           8                13          (9) 
Loss from 
 continuing 
 operations       (1,544)     (1,315)          (5,812)     (2,819) 
(Loss) income 
 from 
 discontinued 
 operations       29          (306)            (1,586)     (594) 
Net loss          $  (1,515)  $ (1,621)        $ (7,398)   $ (3,413) 
Basic and 
diluted net loss 
attributable to 
shareholders per 
ordinary share 
From continuing 
 operations       (0.02)      (0.02)           (0.09)      (0.05) 
From 
 discontinued 
 operations       (**)        (0.01)           (0.03)      (0.01) 
                  $   (0.02)  $   (0.03)       $   (0.12)  $   (0.06) 
Weighted average 
number of 
ordinary shares 
used in 
computing basic 
and diluted net 
loss per 
 ordinary share   72,789,893  (***)57,470,208  63,133,458  (***)55,059,647 
(*)       Reclassified to conform with the current period presentation. 
(**)      Less than $0.01 per ordinary share. 
(***)     Basic and diluted net losses attributable to shareholders per 
 ordinary share for previous reporting              periods were 
 retroactively adjusted due to the completion of rights offering. 
                                         Nine months ended September 30, 
                                         2021              (*) 2020 
Cash flows from continuing operating 
activities 
Net loss from continuing operations      $       (5,812)  $       (2,819) 
     Adjustments required to reconcile 
     net loss to net cash used in 
          by continuing operating 
     activities: 
Stock-based compensation related to 
options and shares issued 
     to employees and others             44               41 
Accrued interest and linkage 
 differences, net                        (110)            (102) 
Financial expenses derive from 
 convertible short-term loan from 
 shareholders                            2,398            - 
Depreciation and amortization            290              314 
Deferred tax (benefits) expenses, net    (13)             9 
Changes in operating assets and 
liabilities: 
Change in accrued severance pay, net     17               21 
Increase in trade receivables, net       (2,848)          (432) 
(Increase) decrease in other 
 receivables and prepaid expenses        (420)            306 
(Increase) decrease in inventories       (750)            253 
Increase in trade payables               1,739            1,087 
Increase (decrease) in other current 
 liabilities                             58               (305) 
Net cash used in continuing operating 
 activities                              (5,407)          (1,627) 
Cash flows from continuing investing 
activities 
Purchase of property and equipment and 
 intangible assets                       (206)            (336) 
Change in short-term investments, net    -                1,715 
Net cash (used in) provided by 
 continuing investing activities         (206)            1,379 
Cash flows from continuing financing 
activities 
(Decrease) increase in short-term bank 
 credit, net                             (406)            70 
Convertible short-term loan received 
 from shareholders, net of transaction 
 expenses                                923              - 
Long-term loan received                  18               - 
Repayment of long-term loans             (4)              (8) 
Proceeds from issuance of shares, net 
 of issuance costs                       3,209            1,369 
Net cash provided by continuing 
 financing activities                    3,740            1,431 
Cash flows from discontinued operations 
Net cash used in discontinued operating 
 activities                              (1,724)          (1,335) 
Net cash provided by (used in) 
 discontinued investing activities       2,926            (658) 
Net cash (used in) provided by 
 discontinued financing activities       (380)            890 
Total net cash provided by (used in) 
 discontinued operations                 822              (1,103) 
Effect of exchange rate changes on cash 
 and cash equivalents                    (90)             (45) 
(Decrease) increase in cash, cash 
 equivalents and restricted cash         (1,141)          35 
Cash, cash equivalents and restricted    (**) 2,499        (**) 2,648 
 cash - beginning of the period 
Cash, cash equivalents and restricted    $       1,358    $         (**) 2,683 
 cash - end of the period 
     (*)  Reclassified to conform with the current period presentation. 
     (**) Including cash and cash equivalents from discontinued operations 
     held for sale.

View original content:https://www.prnewswire.com/news-releases/on-track-innovations-ltd-reports-third-quarter-2021-financial-results-301423959.html

SOURCE On Track Innovations Ltd. (OTI)


Intangible assets, net                     171            247 
Right-of-use assets due to operating 
 leases                                    2,304          2,903 
Total non-current assets                   4,201          4,824 
Total Assets                               $   13,658     $  16,986 
ON TRACK INNOVATION LTD. 
INTERIM UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET 
(US dollars in thousands) 
                                                   September 30,  December 31, 
                                                   2021           2020 
Liabilities and Equity 
Current Liabilities 
Short-term bank credit and loans and current 
maturities 
 of long-term bank loans                           $   1,863      $    542 
Convertible short-term loan from shareholders, 
 including a controlling  shareholder              422            625 
Trade payables                                     3,410          1,667 
Other current liabilities                          2,519          2,283 
Liabilities from discontinued operations - held 
 for sale                                          -              5,829 
Total current liabilities                          8,214          10,946 
Long-Term Liabilities 
Long-term loans, net of current maturities         24             14 
Long-term liabilities due to operating leases, 
 net of current maturities                         1,708          2,343 
Accrued severance pay                              993            977 
Total long-term liabilities                        2,725          3,334 
Total Liabilities                                  10,939         14,280 
Commitments and Contingencies 
Equity 
Shareholders' Equity 
Ordinary shares of NIS 0.1 par value: Authorized 
-- 
100,000,000 shares as of September 30, 2021 and 
December 31, 2020; issued: 73,968,592 and 
55,003,076 shares as 
of September 30, 2021 and December 31, 2020, 
respectively; 
outstanding: 72,789,893 and 53,824,377 shares 
as of September 30, 2021, and December 31, 2020, 
 respectively                                      2,008          1,423 
Additional paid-in capital                         233,406        227,209 
Treasury shares at cost - 1,178,699 shares as of 
September 30, 
  2021 and December 31, 2020                       (2,000)        (2,000) 
Accumulated other comprehensive loss               (332)          (961) 
Accumulated deficit                                (230,363)      (222,965) 
Total Equity                                       2,719          2,706 
Total Liabilities and Equity                       $   13,658     $  16,986 
ON TRACK INNOVATION LTD. 
INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS 
(US dollars in thousands, except share and per share data) 
                  Three months ended           Nine months ended 
                   September 30,                September 30, 
                  2021         (*)2020         2021         (*) 2020 
Revenues 
Sales             $   4,632   $   2,624        $ 9,465     $ 9,718 
Software as a 
 Service 
 ("SaaS")         407         362              1,194       972 
Total revenues    5,039       2,986            10,659      10,690 
Cost of revenues 
Cost of sales     3,715       1,834            6,955       6,213 
Total cost of 
 revenues         3,715       1,834            6,955       6,213 
Gross profit      1,324       1,152            3,704       4,477 
Operating 
expenses 
Research and 
 development      946         839              2,684       2,635 
Selling and 
 marketing        701         765              2,042       2,348 
General and 
 administrative   764         799              2,245       2,299 
Total operating 
 expenses         2,411       2,403            6,971       7,282 
Operating loss 
 from continuing 
 operations       (1,087)     (1,251)          (3,267)     (2,805) 
Financial 
 expenses 
 derived from 
 convertible 
 short-term loan 
 from 
 shareholders     (345)       -                (2,398)     - 
Other financial 
 expenses, net    (112)       (72)             (160)       (5) 
Financial 
 expenses, net    (457)       (72)             (2,558)     (5) 
Loss from 
continuing 
operations 
before taxes on 
 income           (1,544)     (1,323)          (5,825)     (2,810) 
Income tax 
 benefits 
 (expenses)       -           8                13          (9) 
Loss from 
 continuing 
 operations       (1,544)     (1,315)          (5,812)     (2,819) 
(Loss) income 
 from 
 discontinued 
 operations       29          (306)            (1,586)     (594) 
Net loss          $  (1,515)  $ (1,621)        $ (7,398)   $ (3,413) 
Basic and 
diluted net loss 
attributable to 
shareholders per 
ordinary share 
From continuing 
 operations       (0.02)      (0.02)           (0.09)      (0.05) 
From 
 discontinued 
 operations       (**)        (0.01)           (0.03)      (0.01) 
                  $   (0.02)  $   (0.03)       $   (0.12)  $   (0.06) 
Weighted average 
number of 
ordinary shares 
used in 
computing basic 
and diluted net 
loss per 
 ordinary share   72,789,893  (***)57,470,208  63,133,458  (***)55,059,647 
(*)       Reclassified to conform with the current period presentation. 
(**)      Less than $0.01 per ordinary share. 
(***)     Basic and diluted net losses attributable to shareholders per 
 ordinary share for previous reporting              periods were 
 retroactively adjusted due to the completion of rights offering. 
                                         Nine months ended September 30, 
                                         2021              (*) 2020 
Cash flows from continuing operating 
activities 
Net loss from continuing operations      $       (5,812)  $       (2,819) 
     Adjustments required to reconcile 
     net loss to net cash used in 
          by continuing operating 
     activities: 
Stock-based compensation related to 
options and shares issued 
     to employees and others             44               41 
Accrued interest and linkage 
 differences, net                        (110)            (102) 
Financial expenses derive from 
 convertible short-term loan from 
 shareholders                            2,398            - 
Depreciation and amortization            290              314 
Deferred tax (benefits) expenses, net    (13)             9 
Changes in operating assets and 
liabilities: 
Change in accrued severance pay, net     17               21 
Increase in trade receivables, net       (2,848)          (432) 
(Increase) decrease in other 
 receivables and prepaid expenses        (420)            306 
(Increase) decrease in inventories       (750)            253 
Increase in trade payables               1,739            1,087 
Increase (decrease) in other current 
 liabilities                             58               (305) 
Net cash used in continuing operating 
 activities                              (5,407)          (1,627) 
Cash flows from continuing investing 
activities 
Purchase of property and equipment and 
 intangible assets                       (206)            (336) 
Change in short-term investments, net    -                1,715 
Net cash (used in) provided by 
 continuing investing activities         (206)            1,379 
Cash flows from continuing financing 
activities 
(Decrease) increase in short-term bank 
 credit, net                             (406)            70 
Convertible short-term loan received 
 from shareholders, net of transaction 
 expenses                                923              - 
Long-term loan received                  18               - 
Repayment of long-term loans             (4)              (8) 
Proceeds from issuance of shares, net 
 of issuance costs                       3,209            1,369 
Net cash provided by continuing 
 financing activities                    3,740            1,431 
Cash flows from discontinued operations 
Net cash used in discontinued operating 
 activities                              (1,724)          (1,335) 
Net cash provided by (used in) 
 discontinued investing activities       2,926            (658) 
Net cash (used in) provided by 
 discontinued financing activities       (380)            890 
Total net cash provided by (used in) 
 discontinued operations                 822              (1,103) 
Effect of exchange rate changes on cash 
 and cash equivalents                    (90)             (45) 
(Decrease) increase in cash, cash 
 equivalents and restricted cash         (1,141)          35 
Cash, cash equivalents and restricted    (**) 2,499        (**) 2,648 
 cash - beginning of the period 
Cash, cash equivalents and restricted    $       1,358    $         (**) 2,683 
 cash - end of the period 
     (*)  Reclassified to conform with the current period presentation. 
     (**) Including cash and cash equivalents from discontinued operations 
     held for sale.

無形資產，淨額171 247經營性使用權資產租約2,304 2,903份非流動資產總額4,201 4,824總資產13,658美元16,986美元在軌道上創新有限公司。中期未經審計簡明綜合資產負債表(千美元)九月三十日，十二月三十一日，                                                   2021           2020 負債和權益流動負債短期銀行信貸和活期貸款到期日長期銀行貸款1,863美元542美元股東提供的可轉換短期貸款，包括控股股東422 625應付貿易賬款3,410 1,667其他流動負債2519 2283非持續經營的負債--持有待售-5829流動負債總額8,214 10,946長期負債長期貸款，扣除當前期限24 14因經營租賃而產生的長期負債，扣除當前到期日的淨額1,708,2343累計遣散費993977長期負債總額2725 3334總負債10,939 14,280承諾和或有事項權益股東權益面值0.1新謝克爾的普通股：授權-- 截至2021年9月30日的100,000,000股2020年12月31日；發佈日期：73,968,59255,003,076股作為2021年9月30日和2020年12月31日，分別為：已發行股票：72,789,893股和53,824,377股截至2021年9月30日和2020年12月31日，分別為2,008,423新增實收資本233,406,227,209按成本計算的庫存股-截至1178,699股9月30日，2021年和2020年12月31日(2000)(2000)累計其他綜合虧損(332)(961)累計赤字(230,363)(222,965)總股本2,719,706負債和權益總額13,658美元16,986美元在軌道上創新有限公司。未經審計的中期簡明合併經營報表(美元(千美元，不包括每股和每股數據)截至三個月截至九個月九月三十號，九月三十號，                  2021         (*)2020         2021         (*) 2020 收入銷售額$4,632$2,624$9,465$9,718將軟件作為服務(“SaaS”)407 362 1 194 972總收入5,039,986 10,659 10,690收入成本銷售成本3,715 1,834 6,955 6,213總成本收入3,715 1,834 6,955 6,213毛利1,324 1,152 3,704,477運營中費用研究和發展項目946 839 2,684 2,635銷售和市場營銷701 765 2,042 2,348一般和行政764 799 2,245 2,299總運營量開支2,411 2,403 6,971 7,282營業虧損從繼續業務(1087)(1251)(3267)(2805)金融費用派生自敞篷車短期貸款從…股東(345)-(2398)-其他財務費用淨額(112)(72)(160)(5)金融費用淨額(457)(72)(2558)(5)因以下原因造成的損失繼續運營年税前收入(1,544)(1,323)(5,825)(2,810)所得税優勢(開支)-8 13(9)因以下原因造成的損失繼續業務(1,544)(1,315)(5,812)(2,819)(虧損)收入從…停產行動29(306)(1,586)(594)淨虧損$(1,515)$(1,621)$(7,398)$(3,413)基本和稀釋淨虧損歸因於股東人數普通股從繼續業務(0.02)(0.02)(0.09)(0.05)從…停產運營量(**)(0.01)(0.03)(0.01)                  $   (0.02)  $   (0.03)       $   (0.12)  $   (0.06) 加權平均數量普通股用於計算基礎知識和稀釋後的淨網每件物品的損失量普通股72,789,893(*)57,470,208 63,133,458(*)55,059,647(*)重新分類，以符合本期列報。(**)每股普通股少於0.01美元。(*)每股股東應佔基本及攤薄淨虧損前幾個報告期的普通股為因配股完成而追溯調整。截至9月30日的9個月，                                         2021              (*) 2020 持續經營的現金流活動持續運營淨虧損$(5812)$(2819)協調所需的調整淨虧損對淨現金使用的影響通過繼續運營活動：與以下項目相關的基於股票的薪酬已發行的期權和股份致員工和其他人員44 41應計利息與聯繫差異，淨額(110)(102)財務費用來源於可轉換短期貸款股東2398人-折舊及攤銷290 314遞延税金(福利)費用，淨額(13)9營運資產變動及負債：應計遣散費變動，淨額17 21貿易應收賬款淨額增加(2848)(432)其他(增加)減少應收賬款和預付費用(420)306庫存(增加)減少(750)253應付貿易款項增加1,739,087其他電流增加(減少)負債58(305)持續經營使用的淨現金活動(5407)(1627)持續投資的現金流活動購置財產和設備以及無形資產(206)(336)短期投資變動，淨額-1,715提供的現金淨額(用於)持續投資活動(206)1379持續融資的現金流活動(減少)短期銀行增加學分，淨額(406)70收到的可轉換短期貸款來自股東，扣除交易後的淨額費用923-長期貸款收到18-償還長期貸款(4)(8)股票發行收益淨額發行成本為3,209 1,369持續提供的現金淨額融資活動3,740 1,431非持續經營的現金流非持續經營使用的淨現金活動(1724)(1335)提供的現金淨額(用於)停止投資活動2926(658)提供的現金淨額(用於)中止的融資活動(380)890提供的淨現金總額(用於)停產業務822(1103)匯率變動對現金的影響和現金等價物(90)(45)(減少)現金的增加，現金的增加等價物和限制性現金(1,141)35現金、現金等價物和限制性(**)2,499(**)2,648現金-期初現金、現金等價物和限制性$1,358$(**)$2,683現金-期末(*)重新分類，以符合本期列報。(**)包括來自非持續經營的現金和現金等價物持有待售的。

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SOURCE On Track Innovations Ltd. (OTI)

SOURCE On Track Innovation Ltd.(OTI)

譯文內容由第三人軟體翻譯。

以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。

Press Release: On Track Innovations Ltd. Reports -2-

Press Release: On Track Innovations Ltd. Reports -2-

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