USLG Reports Fiscal 2022 Third Quarter Results, Record Revenue for Cortes Campers; Outlook Improving
USLG Reports Fiscal 2022 Third Quarter Results, Record Revenue for Cortes Campers; Outlook Improving
EUCLID, OH / ACCESSWIRE / November 23, 2022 / USLG, Inc. (OTC PINK:USLG) today announced its financial results for the third quarter of 2022, the three months ended September 30, 2022.
俄亥俄州歐幾裏德/ACCESSWIRE/2022年11月23日/USLG，Inc.(OTC PINK：USLG)今天公佈了2022年第三季度的財務業績，截至2022年9月30日的三個月。
Recent Highlights
最近的亮點
- Net sales for the three months ended September 30, 2022 were approximately $0.5 million, almost 25 times that of the prior-year period
- Net loss from continuing operations was $0.7 million, versus $0.2 million in the third quarter of 2021, reflecting investments in staffing, marketing, and expansion
- As of September 30, 2022, the Company's backlog was approximately $5.06 million, versus $5.1 million as of June 30, 2022
- The Company continues to add new states to its dealership territories - including, most recently, California - and remains on track for increased deliveries of Cortes Campers in the fourth quarter in 2022
- USLG met with investors and analysts at the LD Micro Conference on October 26, and the associated webcast presentation is available for viewing on the Company's website
- 截至2022年9月30日的三個月，淨銷售額約為50萬美元，幾乎是去年同期的25倍
- 持續運營的淨虧損為70萬美元，而2021年第三季度為20萬美元，反映出在人員配備、營銷和擴張方面的投資
- 截至2022年9月30日，該公司的積壓金額約為506萬美元，而截至2022年6月30日的積壓金額為510萬美元
- 該公司繼續在其經銷地區增加新的州-包括最近的加利福尼亞州-並繼續按計劃在2022年第四季度增加Cortes露營車的交付
- USLG於10月26日在LD Micro Conference上與投資者和分析師會面，相關的網絡直播演示文稿可在公司網站上查看
"As promised, we delivered a record number of Cortes Campers during the third quarter and are on track for even higher shipments going forward," said Anthony Corpora, Chief Executive Officer. "Revenue rose to $0.5 million, and we continued to invest in expanding our dealership base to key states across the U.S. including, after the quarter, California, where our partnership with Hamilton & Jackson Investments is already resulting in inquiries and additional orders. We're also on schedule with regard to higher production levels which, we anticipate, will drive the Company to become cash flow positive during the first half of 2023. With our current backlog, manufacturing technology, unique camper attributes and strong demand, we are well positioned to see rapid growth in the quarters to come."
“正如承諾的那樣，我們在第三季度交付了創紀錄數量的Cortes露營者，並有望在未來獲得更高的出貨量，”首席執行官安東尼·科拉説。收入上升到50萬美元，我們繼續投資，將我們的經銷商基礎擴大到美國關鍵的州，包括本季度後的加利福尼亞州，我們與漢密爾頓-傑克遜投資公司在那裏的合作已經導致了詢價和額外的訂單。我們還在按計劃提高產量水平，我們預計，這將推動公司在2023年上半年實現現金流正增長。憑藉我們目前的積壓、製造技術、獨特的露營屬性和強勁的需求，我們處於有利地位，將在未來幾個季度看到快速增長。
Third Quarter 2022 Results
2022年第三季度業績
Net sales for the three months ended September 30, 2022 were $0.5 million compared with $21,000 in the prior-year period, reflecting sales by the Company's Cortes Campers subsidiary. Selling, general, and administrative expenses ("SG&A") were $0.5 million in the third quarter of 2022 versus $0.2 million in 2021 - primarily due to investments in marketing, sales, and staffing - and the Company posted a net loss from continuing operations of $0.7 million in 2022 versus $0.2 million in the prior-year period.
截至2022年9月30日的三個月的淨銷售額為50萬美元，而去年同期為2.1萬美元，反映了該公司的Cortes露營者子公司的銷售額。2022年第三季度的銷售、一般和行政費用(“SG&A”)為50萬美元，而2021年為20萬美元--主要是由於在營銷、銷售和員工方面的投資--該公司公佈了2022年持續運營的淨虧損70萬美元，而去年同期為20萬美元。
Balance Sheet Highlights
資產負債表亮點
As of September 30, 2022, the Company had approximately $68,000 of cash compared with $286,000 of cash as of December 31, 2021. Total current liabilities as of the end of the third quarter were $1.8 million compared with $2.4 million as of December 31, 2021.
截至2022年9月30日，該公司的現金約為6.8萬美元，而截至2021年12月31日的現金為28.6萬美元。截至第三季度末的流動負債總額為180萬美元，而截至2021年12月31日的流動負債總額為240萬美元。
About USLG
關於USLG
US Lighting Group (OTC:USLG) has three subsidiaries which design and market various products: Cortes Campers, LLC, for molded fiberglass travel trailers and campers; Fusion X Marine, LLC, for high-performance boats; Futuro Houses, LLC, for fiberglass houses; and one subsidiary, Mig Marine Corp., which manufacturers composite products. The Company and its subsidiaries have manufacturing and R&D facilities in Cleveland, Ohio. For additional information: uslightinggroup.com
美國照明集團(場外交易代碼：USLG)有三家子公司設計和銷售各種產品：用於模壓玻璃纖維旅行拖車和露營車的Cortes Campers，LLC；用於高性能遊艇的Fusion X Marine，LLC；用於玻璃纖維房屋的Futuro Houses，LLC；以及一家生產複合材料產品的子公司Mig Marine Corp.。該公司及其子公司在俄亥俄州克利夫蘭設有製造和研發設施。欲瞭解更多信息，請訪問uslightinggroup.com。
Forward-Looking Statements
前瞻性陳述
Certain statements in this news release, including, but not limited to, reference to distribution, demand, orders, sales goals, design effects, growth of the production and industries, may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. Statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
本新聞稿中的某些陳述，包括但不限於對分銷、需求、訂單、銷售目標、設計效果、生產和行業增長的提及，可能包含符合1933年證券法第175條和1934年證券交易法第3b-6條的前瞻性信息，並受這些規則所創造的安全港的約束。除有關歷史事實的陳述外，本新聞稿中包含的陳述均為前瞻性陳述。前瞻性陳述通常但不總是通過以下詞語來識別：相信、預期、預期、打算、估計和類似的表達，或者它們本質上指的是未來的事件。儘管該公司認為這些前瞻性陳述中反映的預期是合理的，但它不能保證這些預期將被證明是正確的。實際結果可能與這些陳述所表明的結果大不相同。
Investor Relations Contact:
投資者關係聯繫人：
Chris Witty
646-438-9385
cwitty@darrowir.com
克里斯·威蒂
646-438-9385
郵箱：cwitty@darrowir.com
Tables to Follow
應遵循的表格
US LIGHTING GROUP, INC. AND SUBSIDIARIES
美國照明集團公司。及附屬公司
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
簡明合併業務報表
(Unaudited) / (Combined)
(未經審計)/(合併)
|
For the Three Months ended September 30, |
For the Nine Months ended
September 30,
|
|||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
Sales |
$ | 516,000 | $ | 21,000 | $ | 641,000 | $ | 23,000 | ||||||||
Cost of goods sold |
528,000 | - | 754,000 | 3,000 | ||||||||||||
Gross profit (loss) |
(12,000 | ) | 21,000 | (113,000 | ) | 20,000 | ||||||||||
Operating expenses: |
||||||||||||||||
Selling, general and administrative expenses |
526,000 | 240,000 | 1,134,000 | 859,000 | ||||||||||||
Product development costs |
78,000 | 2,000 | 123,000 | 41,000 | ||||||||||||
Total operating expenses |
604,000 | 242,000 | 1,257,000 | 900,000 | ||||||||||||
Loss from operations |
(616,000 | ) | (221,000 | ) | (1,370,000 | ) | (880,000 | ) | ||||||||
Other income (expense): |
||||||||||||||||
Other income (expense), net |
(4,000 | ) | 3,000 | 60,000 | 3,000 | |||||||||||
Extinguishment of debt - related party |
- | - | - | 9,000 | ||||||||||||
Extinguishment of debt |
- | 52,000 | - | 52,000 | ||||||||||||
Unrealized gain (loss) |
(32,000 | ) | (9,000 | ) | (288,000 | ) | 195,000 | |||||||||
Realized gain (loss) |
18,000 | - | (18,000 | ) | - | |||||||||||
Interest income |
1,000 | 7,000 | 4,000 | 7,000 | ||||||||||||
Interest expense, net |
(40,000 | ) | (17,000 | ) | (56,000 | ) | (17,000 | ) | ||||||||
Interest expense, related party |
- | (19,000 | ) | - | (75,000 | ) | ||||||||||
Gain on disposal of fixed assets |
10,000 | - | 23,000 | - | ||||||||||||
Total other income (expense) |
(47,000 | ) | 17,000 | (275,000 | ) | 174,000 | ||||||||||
Net loss from continuing operations |
(663,000 | ) | (204,000 | ) | (1,645,000 | ) | (706,000 | ) | ||||||||
Net income from sale of discontinued operations |
- | - | - | 3,915,000 | ||||||||||||
Net loss from discontinued operations |
- | (7,000 | ) | - | (158,000 | ) | ||||||||||
Net income (loss) |
$ | (663,000 | ) | $ | (211,000 | ) | $ | (1,645,000 | ) | $ | 3,051,000 | |||||
Basic loss per share from continuing operations |
$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.01 | ) | ||||
Basic income (loss) per share from discontinued operations |
$ | - | $ | (0.00 | ) | $ | - | $ | 0.04 | |||||||
Basic income (loss) per share |
$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | 0.03 | |||||
Diluted income (loss) per share from discontinued operations |
$ | - | $ | (0.00 | ) | $ | - | $ | 0.03 | |||||||
Weighted average common shares outstanding, basic |
97,848,735 | 97,834,996 | 97,982,618 | 97,310,548 | ||||||||||||
Weighted average common shares outstanding, diluted |
97,848,735 | 97,834,996 | 97,982,618 | 97,310,548 | ||||||||||||
|
截至以下三個月 9月30日， |
在截至的9個月中
9月30日，
|
|||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
銷售額 |
$ | 516,000 | $ | 21,000 | $ | 641,000 | $ | 23,000 | ||||||||
銷貨成本 |
528,000 | - | 754,000 | 3,000 | ||||||||||||
毛利(虧損) |
(12,000 | ) | 21,000 | (113,000 | ) | 20,000 | ||||||||||
運營費用： |
||||||||||||||||
銷售、一般和行政費用 |
526,000 | 240,000 | 1,134,000 | 859,000 | ||||||||||||
產品開發成本 |
78,000 | 2,000 | 123,000 | 41,000 | ||||||||||||
總運營費用 |
604,000 | 242,000 | 1,257,000 | 900,000 | ||||||||||||
運營虧損 |
(616,000 | ) | (221,000 | ) | (1,370,000 | ) | (880,000 | ) | ||||||||
其他收入(支出)： |
||||||||||||||||
其他收入(費用)，淨額 |
(4,000 | ) | 3,000 | 60,000 | 3,000 | |||||||||||
債務關聯方的清償 |
- | - | - | 9,000 | ||||||||||||
債務的清償 |
- | 52,000 | - | 52,000 | ||||||||||||
未實現收益(虧損) |
(32,000 | ) | (9,000 | ) | (288,000 | ) | 195,000 | |||||||||
已實現損益 |
18,000 | - | (18,000 | ) | - | |||||||||||
利息收入 |
1,000 | 7,000 | 4,000 | 7,000 | ||||||||||||
利息支出，淨額 |
(40,000 | ) | (17,000 | ) | (56,000 | ) | (17,000 | ) | ||||||||
利息支出，關聯方 |
- | (19,000 | ) | - | (75,000 | ) | ||||||||||
處置固定資產收益 |
10,000 | - | 23,000 | - | ||||||||||||
其他收入(費用)合計 |
(47,000 | ) | 17,000 | (275,000 | ) | 174,000 | ||||||||||
持續經營淨虧損 |
(663,000 | ) | (204,000 | ) | (1,645,000 | ) | (706,000 | ) | ||||||||
出售非持續經營業務的淨收益 |
- | - | - | 3,915,000 | ||||||||||||
非持續經營的淨虧損 |
- | (7,000 | ) | - | (158,000 | ) | ||||||||||
淨收益(虧損) |
$ | (663,000 | ) | $ | (211,000 | ) | $ | (1,645,000 | ) | $ | 3,051,000 | |||||
持續經營的每股基本虧損 |
$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | (0.01 | ) | ||||
非持續經營的每股基本收益(虧損) |
$ | - | $ | (0.00 | ) | $ | - | $ | 0.04 | |||||||
每股基本收益(虧損) |
$ | (0.00 | ) | $ | (0.00 | ) | $ | (0.02 | ) | $ | 0.03 | |||||
非持續經營的每股攤薄收益(虧損) |
$ | - | $ | (0.00 | ) | $ | - | $ | 0.03 | |||||||
加權平均已發行普通股，基本股 |
97,848,735 | 97,834,996 | 97,982,618 | 97,310,548 | ||||||||||||
加權平均已發行普通股，稀釋後 |
97,848,735 | 97,834,996 | 97,982,618 | 97,310,548 | ||||||||||||
US LIGHTING GROUP, INC. AND SUBSIDIARY
美國照明集團公司。和子公司
CONDENSED CONSOLIDATED BALANCE SHEETS
簡明合併資產負債表
|
September 30, 2022 |
December 31, 2021 |
|||||||
ASSETS |
(Unaudited) | (Combined) | ||||||
Current Assets: |
||||||||
Cash |
$ | 68,000 | $ | 289,000 | ||||
Accounts Receivable |
32,000 | - | ||||||
Prepaid expenses and other current assets |
82,000 | 157,000 | ||||||
Inventory |
177,000 | 65,000 | ||||||
Deposits and other assets |
- | 9,000 | ||||||
Investment in trading securities |
- | 1,647,000 | ||||||
Total Current Assets |
359,000 | 2,167,000 | ||||||
Property and equipment, net |
1,982,000 | 1,848,000 | ||||||
Total Assets |
$ | 2,341,000 | $ | 4,015,000 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) |
||||||||
Current Liabilities: |
||||||||
Accounts payable |
$ | 341,000 | $ | 77,000 | ||||
Accrued expenses |
- | 33,000 | ||||||
Customer advance payments |
- | 10,000 | ||||||
Accrued payroll to a former officer |
125,000 | 686,000 | ||||||
Convertible notes payable |
- | 60,000 | ||||||
Loan payable- current portion |
101,000 | 82,000 | ||||||
Loans payable, related party |
1,202,000 | 1,458,000 | ||||||
Total Current Liabilities |
1,769,000 | 2,406,000 | ||||||
Loans payable, net of current portion, related party |
5,709,000 | - | ||||||
Loans payable, net of current portion |
280,000 | 344,000 | ||||||
Total Liabilities |
7,758,000 | 2,750,000 | ||||||
Commitments and Contingencies |
||||||||
Shareholders' Equity (Deficit): |
||||||||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding |
- | - | ||||||
Common stock, $0.0001 par value, 100,000,000 shares authorized; 98,648,735 and 97,848,735 shares issued and outstanding, respectively |
10,000 | 10,000 | ||||||
Additional paid-in-capital |
19,519,000 | 17,796,000 | ||||||
Accumulated deficit |
(24,946,000 | ) | (16,541,000 | ) | ||||
Total Shareholders' (Deficit) Equity |
(5,417,000 | ) | 1,265,000 | |||||
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT |
$ | 2,341,000 | $ | 4,015,000 | ||||
|
9月30日， 2022 |
十二月三十一日， 2021 |
|||||||
資產 |
(未經審計) | (合併) | ||||||
流動資產： |
||||||||
現金 |
$ | 68,000 | $ | 289,000 | ||||
應收帳款 |
32,000 | - | ||||||
預付費用和其他流動資產 |
82,000 | 157,000 | ||||||
庫存 |
177,000 | 65,000 | ||||||
存款和其他資產 |
- | 9,000 | ||||||
對證券交易的投資 |
- | 1,647,000 | ||||||
流動資產總額 |
359,000 | 2,167,000 | ||||||
財產和設備，淨額 |
1,982,000 | 1,848,000 | ||||||
總資產 |
$ | 2,341,000 | $ | 4,015,000 | ||||
負債和股東權益(赤字) |
||||||||
流動負債： |
||||||||
應付帳款 |
$ | 341,000 | $ | 77,000 | ||||
應計費用 |
- | 33,000 | ||||||
客户預付款 |
- | 10,000 | ||||||
發給一名前軍官的應計工資 |
125,000 | 686,000 | ||||||
可轉換應付票據 |
- | 60,000 | ||||||
應付貸款--本期部分 |
101,000 | 82,000 | ||||||
應付貸款，關聯方 |
1,202,000 | 1,458,000 | ||||||
流動負債總額 |
1,769,000 | 2,406,000 | ||||||
應付貸款，扣除當期部分，關聯方 |
5,709,000 | - | ||||||
應付貸款，扣除當期部分 |
280,000 | 344,000 | ||||||
總負債 |
7,758,000 | 2,750,000 | ||||||
承付款和或有事項 |
||||||||
股東權益(赤字)： |
||||||||
優先股，面值0.0001美元，授權股份10,000,000股；無已發行和已發行股票 |
- | - | ||||||
普通股，面值0.0001美元，授權發行1億股；已發行和已發行股票分別為98,648,735股和97,848,735股 |
10,000 | 10,000 | ||||||
追加實收資本 |
19,519,000 | 17,796,000 | ||||||
累計赤字 |
(24,946,000 | ) | (16,541,000 | ) | ||||
股東(虧損)權益總額 |
(5,417,000 | ) | 1,265,000 | |||||
總負債和股東赤字 |
$ | 2,341,000 | $ | 4,015,000 | ||||
SOURCE: US Lighting Group, Inc.
資料來源：美國照明集團公司
譯文內容由第三人軟體翻譯。