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Quorum Announces Q2 2023 Results

Quorum Announces Q2 2023 Results

Quorum 公佈2023年第二季度業績
GlobeNewswire ·  2023/08/24 07:27

Revenue at $10.0M, Adjusted Cash Income1 increases by 46% over prior year

收入為1,000萬美元,調整後現金收入1比上年增長46%

CALGARY, Alberta, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) (OTC Pink: QIFTF) ("Quorum"), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ("OEMs") rely on for their operations, released its results today for the second quarter of 2023, ended June 30, 2023. Financial references are expressed in Canadian dollars unless otherwise indicated. Please refer to the MD&A and Financial Statements posted onto SEDAR related to non-IFRS measures and risk factors.

阿爾伯塔省卡爾加裡,2023年8月23日(Global Newswire)--北美SaaS軟體和服務公司Quorum Information Technologies Inc.(多倫多證券交易所股票代碼:QIS)(場外交易代碼:QIFTF)今天公佈了截至2023年6月30日的2023年第二季度業績,該公司為汽車經銷商和原始設備製造商(OEM)提供必要的企業解決方案。財務參考以加元表示,除非另有說明。請參閱張貼在SEDAR上的與非IFRS措施和風險因素相關的MD&A和財務報表。

"We are happy to report record total revenue of $10.0 million, a first for Quorum, and improved profitability for the second quarter of 2023. Throughout Q2 2023, we continued our disciplined approach to profitable growth, with Adjusted EBITDA2 up 17% to $1.7 million and Adjusted Cash Income ("ACI") up 46% to $1.0 million," stated Maury Marks, President and CEO.

我們很高興報告總收入達到創紀錄的1,000萬美元,這對Quorum來說是第一次,並改善了2023年第二季度的盈利能力。在整個2023年第二季度,我們繼續以有紀律的方式實現盈利增長,調整後的EBITDA2.增長17%至170萬美元,調整後現金收入(“ACI”)增長46%至100萬美元,“Maury Marks兼首席執行官總裁表示。

"Q2 2023 was also a very exciting quarter as it marked our fifth acquisition in six years, VINN Automotive Technologies Limited ("VINN"). VINN offers an automotive marketplace that will complement Quorum's dealership vehicle sales solution as we continue to build our product suite capability beyond the DMS solution," continued Mr. Marks.

“2023年第二季度也是非常令人興奮的季度,因為這標誌著我們六年來的第五次收購,Vinn Automotive Technologies Limited(”Vinn“)。Vinn提供了一個汽車市場,將補充Quorum的經銷汽車銷售解決方案,因為我們將繼續在DMS解決方案之外建立我們的產品套件能力,”Marks先生繼續說。

"Through a combination of purposeful product investment and strategic acquisitions, Quorum now has a uniquely integrated product suite of 13 essential software solutions and services that we can sell to dealers to drive their business," stated Mr. Marks. "We will remain focussed on executing our profitable growth strategy throughout the remainder of 2023. I would also like to sincerely thank our employees who are the driving force behind our positive Q2 2023 results; their continued innovation ensures Quorum has a product suite prepared for the future of automotive."

馬克斯先生說:“通過有目的的產品投資和戰略性收購的結合,Quorum現在擁有一套獨特的集成產品,包括13個基本軟體解決方案和服務,我們可以出售給經銷商,以推動他們的業務。”我們將繼續專注於在2023年剩餘時間內執行我們的盈利增長戰略。我也要真誠地感謝我們的員工,是他們推動了我們2023年第二季度積極的業績;他們的持續創新確保了Quorum擁有一套為汽車行業未來做好準備的產品套件。

Consolidated Results for Q2 2023 and Year-to-Date
Q2 2023 % Change Q2 2022 YTD 2023 % Change YTD 2022
Total Revenue $10,035,849
2% $9,812,503 $19,942,327 4% $19,058,561
SaaS Revenue $7,073,872 1% $7,001,073 $14,099,652 4% $13,621,777
BDC Revenue $2,764,958 3% $2,683,029 $5,529,693 7% $5,179,286
Recurring Revenue $9,838,830 2% $9,684,102 $19,629,345 4% $18,801,063
Gross Margin $4,861,606 3% $4,722,477 $9,499,875 4% $9,122,676
Gross Margin % 48% 48% 48% 48%
EPS (loss) $0.007 $(0.004) $(0.001) $(0.012)
Net Income (Loss) $496,093 294% $(255,740) $(63,816) 93% $(853,357)
Adjusted EBITDA $1,655,963 17% $1,420,321 $2,988,040 30% $2,302,321
Adjusted EBITDA Margin 17% 14% 15% 12%
Adjusted Cash Income $1,045,202 46% $717,711 $1,622,433 86% $870,893
2023年第二季度和年初至今的綜合業績
2023年第二季度 更改百分比 2022年第二季度 黃大仙2023年年 更改百分比 2022年年初
總收入 $10035849
2.百分比 $9812,503 $19,942,327 4.百分比 $19,058,561
SaaS收入 7073,872美元 1% 7,001,073美元 14,099,652美元 百分之四 13,621,777美元
BDC收入 2764,958美元 百分之三 2683,029美元 5,529,693美元 7% 5,179,286美元
經常性收入 9838,830美元 2% 9,684,102美元 19,629,345美元 百分之四 18,801,063美元
毛利率 4,861,606美元 百分之三 4722,477美元 9,499,875美元 百分之四 9,122,676美元
毛利率% 48% 48% 48% 48%
每股收益(虧損) 0.007美元 $(0.004) $(0.001) $(0.012)
淨收益(虧損) 496,093美元 294% (255,740美元) (63,816美元) 93% (853,357美元)
調整後的EBITDA $1655963 百分之十七 $1420,321 $2988,040 百分之三十 $2,302,321
調整後EBITDA利潤率 17百分比 14.百分比 15個百分比 12百分比
調整後現金收入 $1045,202 百分之四十六 $717,711 $1622,433 百分之八十六 $870,893


Second Quarter Results


第二季度業績

  • Adjusted EBITDA margin was 17% for Q2 2023 as compared to 14% for Q2 2022.
  • Adjusted Cash Income increased by 46% or $0.3 million to $1.0 million, as compared to $0.7 million Q2 2022.
  • Total revenue increased by 2% to $10.0 million in Q2 2023 compared to $9.8 million in Q2 2022.
  • Recurring SaaS revenue increased by 1% to $7.1 million in Q2 2023 compared to $7.0 million in Q2 2022.
  • Recurring BDC services revenue increased by 3% to $2.8 million in Q2 2023 compared to $2.7 million in Q2 2022.
  • Gross margin increased to $4.9 million and 48% of total revenue in Q2 2023 compared to $4.7 million and 48% of total revenue for Q2 2022. Gross margin increased by 3% as compared to Q2 2022.
  • 2023年第二季度經調整的EBITDA利潤率為17%,而2022年第二季度為14%。
  • 與2022年第二季度的70萬美元相比,調整後的現金收入增加了46%,即30萬美元,達到100萬美元。
  • 與2022年第二季度的980萬美元相比,2023年第二季度的總收入增長了2%,達到1000萬美元。
  • 與2022年第二季度的700萬美元相比,2023年第二季度經常性SaaS收入增長了1%,達到710萬美元。
  • 2023年第二季度經常性BDC服務收入增長3%,達到280萬美元,而2022年第二季度為270萬美元。
  • 2023年第二季度毛利率增至490萬美元,佔總收入的48%,而2022年第二季度毛利率為470萬美元,佔總收入的48%。與2022年第二季度相比,毛利率增長了3%。

SaaS-based operational Key Performance Indicators ("KPIs") are as follows:

基於SaaS的運營關鍵績效指標(KPI)如下:

Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 20233
Dealer Rooftop Count - Canada 1,343 1,350 1,322 1,315 1,305
Dealer Rooftop Count - US 116 114 118 118 120
Dealer Rooftop Count - Total 1,459 1,464 1,440 1,433 1,425
MRRPU* $1,600 $1,597 $1,626 $1,634 $1,655
2022年第二季度 2022年第三季度 2022年年第四季度 2023年第一季度 2023年第二季度3.
經銷商天臺計數-加拿大 1,343 1350 1,322 1,315 1305
經銷商天臺計數-美國 116 114 一百一十八 一百一十八 120
經銷商天臺計數-總計 1,459 1464 1440 1,433 1425
MRRPU* 1600美元 1,597美元 1,626美元 1,634美元 1,655美元

*Monthly recurring revenue per unit ("MRRPU") implies that, as of the end of Q2 2023, each dealership ("Dealer Rooftop") represents approximately $19.9K of SaaS annual recurring revenue ("ARR").

*每月每單位經常性收入(“MRRPU”)意味著,截至2023年第二季度末,每個經銷商(“經銷商屋頂”)約佔SaaS年度經常性收入(“ARR”)的19.9萬美元。

The reduction in rooftops, as compared to Q1 2023, was primarily due to a reduction in DealerMine brand's rooftops as an increasing number of dealerships want a unified CRM provider. To meet the market demand and to compliment our best-in-class Service CRM solution, DealerMine now has a more compelling Sales CRM solution with the recent launch of the Sales CRM Mobile App.

與2023年第一季度相比,屋頂數量減少的主要原因是,由於越來越多的經銷商希望有統一的CRM提供商,Delarmine品牌的屋頂數量減少了。為了滿足市場需求並對我們一流的服務CRM解決方案進行補充,Delarmine現在推出了更具吸引力的銷售CRM解決方案,最近推出了Sales CRM移動應用程式。

Q2 2023 Business Highlights

2023年第二季度業務亮點

  • In June 2023, Quorum welcomed Damien Leonard, President of Pinetree Capital to the Board of Directors.
  • 2023年6月,法定人數歡迎松樹資本的達米恩·倫納德、總裁進入董事會。

Quorum Q2 2023 Results Conference Call Details and Investor Presentation

法定人數2023年第2季度業績電話會議詳情和投資者演示文稿

Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q2 2023 Results at a conference call with concurrent audio webcast, scheduled for:

Maury Marks、總裁和首席執行官以及首席財務官Marilyn Bown將在電話會議上介紹2023年第二季度的業績,並同時進行音頻網路廣播,計劃的目標是:

Date: Thursday, August 24th, 2023
Time: 11:00 am MT (1:00 pm ET)
Dial-In #: Toll-Free North America: 1 (888) 660-6411
Conference ID: 2512218
Webcast Link: Quorum Q2 2023 Results Conference Call (Webcast)
日期: 8月24日(星期四)這是,2023年
時間: 格林尼治標準時間上午11:00(東部時間下午1:00)
撥入號碼: 北美免費電話:1(888)660-6411
會議ID: 2512218
網路直播鏈接: 法定人數2023年第2季度業績電話會議(網路廣播)


An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at .


最新的投資者介紹、業績電話會議的重播和電話會議的文字記錄也將在以下網站上獲得。

About Quorum Information Technologies Inc.

關於Quorum資訊技術公司

Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ("OEMs") rely on for their operations, including:

Quorum是一家北美SaaS軟體和服務公司,提供汽車經銷商和原始設備製造商(OEM)運營所依賴的基本企業解決方案,包括:

  • Quorum's Dealership Management System (DMS), which automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction.
  • DealerMine CRM, a sales and service Customer Relationship Management ("CRM") system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership.
  • Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and CSI through Autovance's F&I menu solution.
  • Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue.
  • VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently.
  • Quorum的經銷商管理系統(DMS),它自動化、集成和簡化經銷商中跨部門的關鍵流程,並強調創收和客戶滿意度。
  • Delarmine客戶關係管理,銷售和服務客戶關係管理(“CRM”)系統和一套業務開發中心服務,將收入帶入經銷商的關鍵銷售和服務部門。
  • 奧特萬斯,這是一個現代零售平臺,幫助經銷商通過數位零售吸引更多業務,通過其辦公桌工具提高店內利潤和成交率,並通過Autovance的F&I菜單解決方案最大化他們的效率和CSI。
  • 無障礙配件、一個數字零售平臺,允許特許經銷商有效地增加他們的汽車配件收入。
  • 維恩汽車一個首屈一指的汽車市場,為購車者簡化車輛研究和購買流程,同時幫助零售商更有效地銷售。

Quorum Information Technologies Inc. is traded on the TSX Venture Exchange ("TSX-V") under the symbol QIS. For additional investor information, please visit .

Quorum Information Technologies Inc.在多倫多證券交易所創業板(“TSX-V”)交易,代碼為QIS。欲瞭解更多投資者資訊,請訪問。

Contacts:

聯繫人:

Maury Marks
President and Chief Executive Officer
403-777-0036
Maury.Marks@QuorumInfoTech.com

莫裡·馬克斯
總裁與首席執行官
電話:403-777-0036
郵箱:Maury.Marks@QuorumInfoTech.com

Marilyn Bown
Chief Financial Officer
403-777-0036
Marilyn.Bown@QuorumInfoTech.com

瑪麗蓮·鮑恩
首席財務官
電話:403-777-0036
郵箱:Marilyn.Bown@QuorumInfoTech.com

Daniela Trnka
Investor Relations
403-777-0036
Daniela.Trnka@QuorumInfoTech.com

丹妮拉·特倫卡
投資者關係
電話:403-777-0036
郵箱:Daniela.Trnka@QuorumInfoTech.com

Forward-Looking Information

前瞻性資訊

This press release may contain certain forward-looking statements and forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

本新聞稿可能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(“前瞻性資訊”)。前瞻性資訊常常但不總是通過使用諸如“預期”、“相信”、“計劃”、“打算”、“目標”、“持續”、“正在進行”、“估計”、“預期”、“可能”、“將”、“專案”、“應該”等詞語或暗示未來結果的類似詞語來確定。Quorum認為,這些前瞻性資訊中反映的預期是合理的,但不能保證這些預期將被證明是正確的,不應過度依賴這些前瞻性資訊。

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.

前瞻性資訊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。此類前瞻性資訊必然包含已知和未知的風險和不確定因素,這些風險和不確定性可能導致Quorum公司未來的實際業績和財務結果與此類前瞻性資訊明示或暗示的對未來業績或結果的任何預測大不相同。

Quorum has filed its Q2 2023 unaudited condensed interim consolidated financial statements and notes thereto as at and for the three months ended June 30, 2023, and accompanying management and discussion and analysis in accordance with National Instrument 51-102 – Continuous Disclosure Obligations adopted by the Canadian securities regulatory authorities.

Quorum已提交截至2023年6月30日及截至2023年6月30日的三個月的2023年第二季度未經審計的簡明中期綜合財務報表及其附註,以及根據National Instrument 51-102進行的管理、討論和分析-持續披露義務被加拿大證券監管機構採納。

Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to .

Quorum資訊技術公司在多倫多風險交易所(TSX-V)以QIS代碼交易。有關更多資訊,請訪問。

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險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)都沒有審查本新聞稿,也不對本新聞稿的充分性或準確性承擔責任。

1 Adjusted Cash Income ("ACI") (non-GAAP) – Adjusted EBITDA less capitalized salaries and overhead.
2 Adjusted EBITDA – Net income (loss) before interest and financing costs, taxes, depreciation, amortization, stock-based compensation, foreign exchange gains and losses, one-time acquisition related expenses and restructuring expenses.
3 Rooftop count does not include VINN rooftops due to acquisition occurring on June 23, 2027. Revenue associated with VINN is not material for Q2 2023

1調整後現金收入(“ACI”)(非GAAP)-調整後EBITDA減去資本化工資和管理費用。
2.調整後的EBITDA-扣除利息和融資成本、稅項、折舊、攤銷、基於股票的薪酬、匯兌損益、一次性收購相關費用和重組費用前的淨收益(虧損)。
3.由於收購發生在2027年6月23日,屋頂數量不包括Vinn屋頂。與Vinn相關的收入對2023年第二季度並不重要

PDF available:

可用的PDF:


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。
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