Cleantek Industries Inc. Announces Record 2023 Q1 Results, Appointment of COO and Expansion of the Company's Product Portfolio
Cleantek Industries Inc. Announces Record 2023 Q1 Results, Appointment of COO and Expansion of the Company's Product Portfolio
Calgary, Alberta--(Newsfile Corp. - May 18, 2023) - Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company") is pleased to announce its record first quarter 2023 financial and operational results. Cleantek is an innovative provider of patented, clean technology solutions focused on reducing both cost and carbon intensity in the wastewater management and industrial lighting sectors across North America. All amounts are in thousands of Canadian dollars unless otherwise indicated.
卡爾加裡,艾伯塔省-(Newsfile Corp.-2023年5月18日)-Cleantek Industries Inc.(TSXV:CTEK)(“清潔技術公司“或”公司“)很高興宣佈其創紀錄的2023年第一季度財務和運營業績。Cleantek是一家創新的專利清潔技術解決方案提供商,專注於降低北美廢水管理和工業照明行業的成本和碳強度。除非另有說明,所有金額均以數千加元為單位。
Cleantek Chief Executive Officer Matt Gowanlock commented, "It has been a tremendous start to 2023 for Cleantek. We are pleased to announce positive earnings and record revenues along with the launch of two new product and service offerings that will add depth to our portfolio of ESG accretive technology. In line with our growth strategy is building a strong team, and promoting an experienced individual in Chris Murray to COO will serve to accelerate our growth and capabilities as an organization."
Cleantek首席執行官Matt Gowanlock評論說:“對Cleantek來說,2023年是一個巨大的開端。我們很高興宣佈積極的收益和創紀錄的收入,以及推出兩種新的產品和服務,這將增加我們ESG增值技術組合的深度。根據我們的增長戰略,正在建立一個強大的團隊,提拔Chris Murray的一名經驗豐富的人擔任首席運營官將有助於加快我們作為一個組織的增長和能力。”
Highlights for the First Quarter 2023
2023年第一季度的重點
- Cleantek generated revenue of $3,833 for Q1 2023, an increase of $686 or 22%, from Q1 2022. The increased revenue in 2023 is primarily due to a ramp up in rental activity and increased rental prices in both sustainable lighting solutions and ZeroE dehydration;
- Cleantek's gross profit of $2,317 or 60% of revenue for Q1 2023 was in line with target and improved substantially when compared with gross profit of $1,836 and 58% of revenue for Q1 2022;
- Cleantek's net income of $180 for Q1 2023 was a $914 improvement from the net loss of $734 for Q1 2022; and,
- Cleantek's Adjusted EBITDA was $1,184 for Q1 2023, an increase of $24 when compared to Q1 2022 primarily due to the increased revenue.
- Cleantek在2023年第一季度創造了3,833美元的收入,比2022年第一季度增加了686美元或22%。2023年收入增加的主要原因是租賃活動增加以及可持續照明解決方案和ZeroE脫水方面的租金上漲;
- Cleantek在2023年第一季度的毛利潤為2,317美元,佔收入的60%,符合目標,與2022年第一季度的毛利潤1,836美元和收入的58%相比有很大改善;
- Cleantek在2023年第一季度的淨收益為180美元,比2022年第一季度淨虧損734美元的914美元有所改善;以及,
- Cleantek在2023年第一季度的調整後EBITDA為1,184美元,與2022年第一季度相比增加了24美元,這主要是由於收入的增加。
Expansion and Outlook
擴展和展望
Cleantek's strategy focuses on delivering innovative and cost-effective solutions that reduce the carbon intensity as well as the capital and operating costs of industrial operations. By focusing on expanding the market awareness and adoption of its sustainable lighting solutions and wastewater treatment assets, Cleantek continues to experience increased utilization of these high-margin product lines.
Cleantek的戰略重點是提供創新和成本效益高的解決方案,以降低工業運營的碳強度以及資本和運營成本。通過專注於擴大市場知名度並採用其可持續照明解決方案和廢水處理資產,Cleantek不斷提高這些高利潤率產品線的利用率。
In Q1 2023, the Company launched two new growth initiatives, including SecureTek, Cleantek's line of remote security services, as well as the company's newest addition to the ZeroE line of wastewater treatment products, the mobile GZeroE. Both growth initiatives will utilize the Company's existing asset base and will require minimal capital investment for what the Company believes could be substantial growth opportunities in adjacent industry verticals.
2023年第一季度,公司推出了兩項新的增長計劃,包括Cleantek的遠端安全服務系列SecureTek,以及公司最新加入的ZeroE廢水處理產品系列,移動GZeroE。這兩項增長計劃都將利用公司現有的資產基礎,並將只需最少的資本投資,以滿足公司認為在鄰近行業垂直市場可能出現的重大增長機會。
-
SecureTek - Cleantek's line of remote security services, being offered as a stand-alone system or integrated with our sustainable lighting products, is expected to drive higher utilization of existing assets and creating an exciting new recurring revenue stream for the Company. Utilizing our existing infrastructure, SecureTek is an accretive bolt-on service offering and a great opportunity to expand our reach into the construction, mining, storage, agriculture, and other commercial markets, with minimal new capital investment.
- Mobile GZeroE - Adding to the fleet of ZeroE technology is our new waste-gas powered, wastewater treatment and dehydration system, or "GZeroE". GZeroE will utilize waste-gas as its primary energy source, allowing for deployment of the ZeroE system into areas without a waste-heat source while providing substantial ESG and cost benefits. This product is currently under construction and will launch to the market in Q3 of this year to a growing backlog of interested clientele.
-
安全技術團隊-Cleantek的遠端安全服務系列作為獨立系統提供或與我們的可持續照明產品集成,預計將推動現有資產的更高利用率,並為公司創造令人興奮的新的經常性收入來源。利用我們現有的基礎設施,SecureTek是一個增值的補充式服務產品,是以最少的新資本投資將我們的觸角伸向建築、採礦、倉儲、農業和其他商業市場的絕佳機會。
- 移動GZeroE-加入ZeroE技術陣容的是我們新的廢氣驅動、廢水處理和脫水系統,或稱GZeroE“。GZeroE將利用廢氣作為其主要能源,允許在沒有廢熱來源的地區部署ZeroE系統,同時提供可觀的ESG和成本效益。該產品目前正在建設中,將於今年第三季度向越來越多的感興趣的客戶推出。
The Company's near-term strategy will continue to focus on:
公司的近期戰略將繼續側重於:
- maximize utilization rates of its current fleet of sustainable lighting solutions and mobile ZeroE wastewater treatment assets;
- expanding and growing the Company's fleet of sustainable lighting solutions and mobile ZeroE wastewater treatment assets to satisfy increased demand in the oil and gas, midstream, mining, industrial and construction markets;
- leveraging Cleantek's technology to capture additional market share through organic growth of the ZeroE wastewater treatment and vaporization services;
- expanding and diversifying Cleantek's geographic focus and customer base, including exploring opportunities outside of the North American market; and,
- focusing on growth, generating positive return for shareholders and improving financial position now that the patent litigation related to the HALO lighting systems in the United States is completed; and,
- evaluating new technology, products and services to increase our offering to our current client base.
- 最大限度地提高其現有可持續照明解決方案和移動ZeroE廢水處理資產的利用率;
- 擴大和壯大公司的可持續照明解決方案和移動式ZeroE廢水處理資產,以滿足石油和天然氣、中游、採礦、工業和建築市場日益增長的需求;
- 利用Cleantek的技術,通過ZeroE廢水處理和汽化服務的有機增長,奪取更多的市場份額;
- 擴大和多樣化Cleantek的地理重點和客戶基礎,包括探索北美市場以外的機會;以及
- 專注於增長,為股東帶來正回報,並改善財務狀況,因為與美國Halo照明系統有關的專利訴訟已經完成;以及,
- 評估新技術、產品和服務,以增加我們向現有客戶群提供的服務。
The Company is uniquely positioned with the prospect to capture expansion in both ZeroE wastewater vaporization and sustainable lighting markets. Cleantek expects that wastewater and vaporization opportunities in the oil and gas, municipal grey water, and industrial wastewater industries and a growing awareness regarding the disadvantages and risks of downhole injection will continue to increase the demand for Cleantek's ZeroE products.
該公司處於獨特的地位,有望在零排放廢水汽化和可持續照明市場實現擴張。Cleantek預計,石油和天然氣、城市汙水和工業廢水行業的廢水和汽化機會,以及人們對井下注入缺點和風險的日益認識,將繼續增加對Cleantek ZeroE產品的需求。
Appointment of Chief Operating Officer
首席營運官的任命
The Company is pleased to announce the promotion of Chris Murray, P.Eng. to Chief Operating Officer ("COO"), effective May 18th, 2023.
本公司高興地宣佈提拔Chris Murray,P.Eng。至首席運營官(“首席運營官”),2023年5月18日生效。
Mr. Murray brings a wealth of experience to Cleantek through his extensive career as a sales, marketing and operations executive, with over 25+ years of experience in the energy industry. Mr. Murray is recognized as a driven and highly competitive team player with extensive leadership success. He previously held positions at Total Oilfield Rentals, Patterson-UTI, Horizon Drilling as well as a previous tenure at Cleantek where he held executive roles in strategy, sales & marketing.
Murray先生作為銷售、營銷和運營主管的廣泛職業生涯為Cleantek帶來了豐富的經驗,他在能源行業擁有超過25年的經驗。默裡先生被公認為是一位幹勁十足、極具競爭力的團隊成員,擁有廣泛的領導成就。他之前曾在道達爾油田租賃公司、Patterson-UTI、Horizon Drilling擔任過職務,並曾在Cleantek擔任過戰略、銷售和營銷方面的高管職務。
Operational Update
最新運營情況
Cleantek's first quarter 2023 revenue was $3,833, an increase of $686 from same period last year.
Cleantek 2023年第一季度的收入為3833美元,比去年同期增加了686美元。
Results of Operations
經營成果
(Canadian $000's, except |
Three months ended March 31 |
||||||||||||||
per share amounts and percentages) | 2023 | 2022 | Change | ||||||||||||
Revenue | 3,833 | 3,147 | 686 | ||||||||||||
Gross profit | 2,317 | 1,837 | 481 | ||||||||||||
Gross profit % | 60 | 58 | 2% | ||||||||||||
Net income (loss) | 180 | (734) | 914 | ||||||||||||
Net income (loss) per share - basic and diluted ($) | $ | 0.01 | $ | (0.03) | $ | 0.04 | |||||||||
EBITDA(1) | 1,112 | 454 | 658 | ||||||||||||
Adjusted EBITDA(1) | 1,184 | 1,160 | 24 | ||||||||||||
Capital expenditures | 125 | 297 | (172) | ||||||||||||
As at: |
March 31, 2023 |
December 31, 2022 |
Change |
||||||||||||
Total assets | 16,601 | 15,917 | 680 | ||||||||||||
Working capital deficit(1) | (8,043) | (8,348) | 305 | ||||||||||||
Non-current debt(1,2) | 2,304 | 2,121 | (183) | ||||||||||||
Total non-current liabilities | 2,350 | 2,167 | (183) |
(000加元,除了 |
截至三個月 3月31日 |
||||||||||||||
每股金額及百分比) | 2023年年 | 2022年 | 變化 | ||||||||||||
收入 | 3833 | 3147 | 686 | ||||||||||||
毛利 | 2317 | 1,837 | 四百八十一 | ||||||||||||
毛利% | 60 | 58 | 2% | ||||||||||||
淨收益(虧損) | 180 | (734) | 九十四 | ||||||||||||
每股淨收益(虧損)--基本收益和稀釋後收益(美元) | $ | 0.01 | $ | (0.03) | $ | 0.04 | |||||||||
EBITDA(1) | 1112 | 454 | 658 | ||||||||||||
調整後的EBITDA(1) | 1184 | 1160 | 24個 | ||||||||||||
資本支出 | 125 | 二百九十七 | (172) | ||||||||||||
截至: |
3月31日, 2023年年 |
十二月三十一日, 2022年 |
變化 |
||||||||||||
總資產 | 16,601 | 15,917 | 680 | ||||||||||||
營運資金赤字(1) | (8,043) | (8348) | 三百零五 | ||||||||||||
非流動債務(1,2) | 2,304 | 2,121 | (183) | ||||||||||||
非流動負債總額 | 2350 | 2167 | (183) |
(1) Management considers EBITDA and adjusted EBITDA key metrics in analyzing operational performance and the Company's ability to generate cashflow. EBITDA is measured as net income (loss) before interest, tax, depreciation and amortization. Adjusted EBITDA is measured as EBITDA adjusted for share-based compensation and unusual items not representative of ongoing business performance such as patent litigation expense. Working capital (or also referred to as net current assets/liabilities) for Cleantek is calculated as current assets less current liabilities per the statement of financial position. These items are not defined and have no standardized meaning under IFRS. Presenting these items from period to period provides management and investors with the ability to evaluate earnings trends more readily in comparison with prior periods' results. Please see "Non-IFRS Measurements" for further discussion of these items, and where applicable, reconciliations to measures calculated in accordance with IFRS.
(1) 管理層在分析經營業績和公司產生現金流的能力時考慮了EBITDA和調整後的EBITDA關鍵指標。EBITDA以扣除利息、稅項、折舊和攤銷前的淨收益(虧損)計量。調整後的EBITDA是根據基於股份的薪酬和不能代表持續業務表現的非常專案(如專利訴訟費用)調整後的EBITDA來計量的。Cleantek的營運資本(或也稱為流動資產/負債淨額)的計算方法為流動資產減去財務狀況表中的流動負債。根據《國際財務報告準則》,這些專案沒有定義,也沒有標準化的含義。與前幾期的結果相比,逐期列報這些專案使管理層和投資者能夠更容易地評估收益趨勢。關於這些專案的進一步討論,請參閱“非國際財務報告準則計量”,並酌情與根據國際財務報告準則計算的計量進行對賬。
(2) Total non-current debt includes the non-current portions of long-term debt and lease liabilities.
(2) 非流動債務總額包括長期債務和租賃負債的非流動部分。
Selected financial and operation information is outlined below and should be read in conjunction with Cleantek's unaudited condensed consolidated interim financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2023 and 2022, which are available on SEDAR at .
精選的財務和運營資訊概述如下,應結合Cleantek截至2023年3月31日和2022年3月31日的三個月的未經審計簡明綜合中期財務報表和管理層的討論和分析(“MD&A”)閱讀,這些資訊可在SEDAR上查閱,網址為:。
About Cleantek
關於Cleantek
Cleantek is a clean energy technology company focused on ESG accretive technology solutions with operations across North America. Cleantek has developed and commercialized its patented wastewater dehydration technology, the ZeroE, which it rents to its customers for use at gas processing facilities and on drilling rigs focused on hydro-sustainability. Cleantek's ZeroE technology separates wastewater into (i) clean water which is evaporated and returned to the natural hydrological cycle and (ii) concentrated brine which is disposed of using traditional means. The ZeroE technology is powered by the waste heat generated from the engine exhaust of gas plants and drilling rigs. Complimenting Cleantek's ZeroE technology is the suit of low carbon LED lighting systems containing our patented Solar Hybrid lighting systems and HALO Crown mounted lighting systems.
Cleantek是一家專注於ESG增值技術解決方案的清潔能源技術公司,業務遍及北美。Cleantek已經開發了其專利廢水脫水技術ZeroE並將其商業化,將其出租給客戶用於天然氣處理設施和專注於水力可持續發展的鑽井平臺。Cleantek的ZeroE技術將廢水分離成(I)蒸發後返回自然水文迴圈的清潔水,以及(Ii)使用傳統方法處理的濃鹽水。ZeroE技術由燃氣工廠和鑽井平臺的發動機廢氣產生的廢熱提供動力。與Cleantek的ZeroE技術相得益彰的是一套低碳LED照明系統,其中包含我們的專利太陽能混合照明系統和Halo Crown安裝照明系統。
NON-IFRS MEASUREMENTS
非國際財務報告準則計量
Cleantek uses certain financial measures to quantify its results that are not prescribed by IFRS. The following terms: "EBITDA", "adjusted EBITDA", "working capital" and "non-current debt" are not recognized measures under IFRS and may not be comparable to that reported by other companies. Cleantek believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurements provide useful information to evaluate the Company's performance and ability to generate cash, profitability and meet financial commitments.
Cleantek使用某些財務措施來量化其結果,而不是國際財務報告準則規定的結果。以下術語:“EBITDA”、“調整後的EBITDA”、“營運資本”和“非流動債務”不是“國際財務報告準則”中確認的衡量標準,可能無法與其他公司報告的衡量標準相比較。Cleantek認為,除了根據國際財務報告準則編制的衡量標準外,非國際財務報告準則的計量還提供了有用的資訊,以評估公司的業績以及產生現金、盈利和履行財務承諾的能力。
These non-IFRS measures ae intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
這些非“國際財務報告準則”的衡量標準旨在提供更多資訊,不應孤立地加以考慮,也不應作為根據“國際財務報告準則”編制的績效衡量標準的替代品。
EBITDA and Adjusted EBITDA
EBITDA和調整後的EBITDA
Management considers EBITDA and adjusted EBITDA key metrics in analyzing operational performance and the Company's ability to generate cash flow. EBITDA is measured as net income (loss) before interest, tax, depreciation and amortization as differences in accounting treatments may distort our core business results. Adjusted EBITDA is measured as EBITDA adjusted for certain non-cash items, including share-based compensation as well as unusual items not representative of ongoing business performance such as patent litigation expense.
管理層在分析經營業績和公司產生現金流的能力時會考慮EBITDA和調整後的EBITDA關鍵指標。EBITDA以扣除利息、稅項、折舊和攤銷前的淨收益(虧損)計量,因為會計處理的差異可能會扭曲我們的核心業務結果。經調整的EBITDA按經某些非現金專案調整的EBITDA計量,包括基於股份的薪酬以及不能代表持續業務表現的非常專案,如專利訴訟費用。
The following table provides a reconciliation of the non-IFRS measures, EBITDA and adjusted EBITDA, to the applicable IFRS measurements for Cleantek:
下表提供了非IFRS計量、EBITDA和調整後的EBITDA與適用於Cleantek的IFRS計量的對賬:
Three months ended March 31 |
|||||||
(Canadian $000's) | 2023 | 2022 | |||||
Net income (loss) | 180 | (734) | |||||
Depreciation and amortization | 551 | 924 | |||||
Finance costs, net | 381 | 264 | |||||
EBITDA | 1,112 | 454 | |||||
Share-based compensation | 71 | 148 | |||||
Patent litigation expense | - | 558 | |||||
Adjusted EBITDA | 1,184 | 1,160 |
截至三個月 3月31日 |
|||||||
(000加元) | 2023年年 | 2022年 | |||||
淨收益(虧損) | 180 | (734) | |||||
折舊及攤銷 | 551 | 九二四 | |||||
融資成本,淨額 | 381 | 二百六十四 | |||||
EBITDA | 1112 | 454 | |||||
基於股份的薪酬 | 71 | 148 | |||||
專利訴訟費 | - | 558 | |||||
調整後的EBITDA | 1184 | 1160 |
Working capital
營運資本
Working capital (or also referred to as net current assets/liabilities) for Cleantek is calculated as current assets less current liabilities per the statement of financial position. The following table provides a reconciliation of working capital, a non-IFRS measure to the applicable IFRS measurements for the Company:
Cleantek的營運資本(或也稱為流動資產/負債淨額)的計算方法為流動資產減去財務狀況表中的流動負債。下表提供了營運資本(一種非IFRS衡量標準)與該公司適用的IFRS衡量標準之間的對賬:
March 31, |
December 31, |
||||||
(Canadian $000's) | 2023 |
2022 | |||||
Current assets | 4,325 | 3,774 | |||||
Current liabilities | 12,368 | 12,122 | |||||
Working capital deficit | (8,043) | (8,348) |
3月31日, |
十二月三十一日, |
||||||
(000加元) | 2023年 |
2022年 | |||||
流動資產 | 4325 | 3774 | |||||
流動負債 | 12,368 | 12,122 | |||||
營運資金赤字 | (8,043) | (8348) |
Non-current debt
非流動債務
Management considers non-current debt in analyzing the Company's capital structure. Cleantek's capital structure consists of working capital, non-current debt and shareholders' equity. Non-current debt measures the long-term borrowings of the Company. Non-current debt for Cleantek is calculated as the non-current portions of long-term debt and lease liabilities. The following table provides a reconciliation of non-current debt, a non-IFRS measure to the applicable IFRS measurements for the Company:
管理層在分析公司資本結構時考慮非流動債務。Cleantek的資本結構由營運資本、非流動債務和股東權益組成。非流動債務衡量的是公司的長期借款。Cleantek的非流動債務按長期債務和租賃負債的非流動部分計算。下表提供了非流動債務的對賬,這是一種非IFRS衡量標準,符合該公司適用的IFRS衡量標準:
March 31, |
December 31, |
|||||||
(Canadian $000's) | 2023 | 2022 | ||||||
Long-term debt - non-current portion | 1,758 | 1,853 | ||||||
Lease liabilities - non-current portion | 546 | 268 | ||||||
Non-current debt | 2,304 | 2,121 |
3月31日, |
十二月三十一日, |
|||||||
(000加元) | 2023年年 | 2022年 | ||||||
長期債務--非流動部分 | 1,758 | 1,853 | ||||||
租賃負債--非流動部分 | 546 | 268 | ||||||
非流動債務 | 2,304 | 2,121 |
Forward-Looking Statements
前瞻性陳述
This news release contains certain "forward-looking statements" including, for example, statements relating to expected revenue growth and corresponding increased in profitability, potential expansion outside North America, expansion of Cleantek's fleet of sustainable lighting solutions and mobile ZeroE wastewater treatment assets, the expected deployment of Cleantek's assets, available liquidity, Cleantek's outlook for the future and near-term strategy. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: receipt of regulatory approvals, the state of the capital markets, the impact of the COVID-19 pandemic, the ability of the Corporation to successfully manage the risks inherent in pursuing business opportunities in the oilfield services industry and outside the North American market, and the ability of the Corporation to obtain qualified staff, equipment and services in a timely and cost efficient manner to develop its business. Any forward-looking statement reflects information available to Cleantek as of the date of this news release and, except as may be required by applicable securities laws, Cleantek disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
本新聞稿包含某些“前瞻性表述”,包括與預期收入增長和盈利能力相應提高有關的表述,北美以外地區的潛在擴張,Cleantek可持續照明解決方案和移動ZeroE廢水處理資產的擴展,Cleantek資產的預期部署,可用流動資金,Cleantek對未來和近期戰略的展望。此類前瞻性陳述包含已知和未知的風險和不確定性。這些前瞻性陳述中描述的結果或事件可能與實際結果或事件大不相同。除了本文可能確定的其他因素和假設外,這些假設是針對並隱含於以下各項的:收到監管部門的批准、資本市場狀況、新冠肺炎疫情的影響、公司成功管理在油田服務行業和北美以外市場尋求業務機會的內在風險的能力、以及公司及時和具有成本效益地獲得合格員工、設備和服務以發展業務的能力。任何前瞻性陳述都反映了截至本新聞稿發佈之日Cleantek可獲得的資訊,除適用的證券法可能要求外,Cleantek沒有任何更新任何前瞻性陳述的意圖或義務,無論是由於新資訊、未來事件或結果或其他原因。
Matt Gowanlock, President & Chief Executive Officer
E-mail: mgowanlock@cleantekinc.com
馬特·高萬洛克,總裁&首席執行官
電子郵件:mgowanlock@leantekinc.com
Orson Ross, Chief Financial Officer
E-mail: oross@cleantekinc.com
首席財務官奧森·羅斯
電子郵件:orss@leantekinc.com
Cleantek Industries Inc.
Tel: 403-567-8700
Cleantek工業公司
電話:403-567-8700
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 news 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。
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問
譯文內容由第三人軟體翻譯。