Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth
Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth
TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP; OTCQB: CLPMF) ("Clip Money" or the "Company"), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine-months ended September 30, 2024.
多倫多，2024年11月18日(GLOBE NEWSWIRE) -- 夾錢公司(tsxv: CLIP; OTCQB: CLPMF) ("夾錢"或"公司"), 一家爲企業提供多銀行自助存款系統的公司，很高興地宣佈其截至2024年9月30日的三個月和九個月的財務結果。
Third Quarter Financial 2024 Highlights:
2024年第三季度財務亮點：
- Revenue for the third quarter of 2024 ("Q3 2024") was $521,316, compared to $148,965 in the third quarter of 2023 ("Q3 2023"), which equates 250% growth year-over-year ("YoY"). Q3 2024 revenue was up 34% quarter-over-quarter ("QoQ") compared to the second quarter of 2024 ("Q2 2024"). For the month of September 2024, revenue was $212,103 compared to $163,101 for the month of August 2024, representing 30% month-over-month ("MoM") growth.
- 2024年第三季度("Q3 2024")營業收入爲$521,316，同比增長250%，去年同期第三季度(Q3 2023)爲$148,965。Q3 2024營業收入環比增長34%，與2024年第二季度(Q2 2024)相比。2024年9月份收入爲$212,103，而2024年8月份爲$163,101，環比增長30%。
- Operating expenses for Q3 2024 were $1,597,181, compared to $1,312,209 in Q3 2023, which represents a 22% YoY increase. Q3 2024 operating expenses were 7% lower QoQ compared to Q2 2024. Operating expenses in Q3 2024, excluding depreciation and amortization, were $1,104,373. Net loss for Q3 2024 was ($2,383,256), compared to ($2,488,856) in Q3 2024, which represents an improvement of 4% YoY.
- 2024年第三季度營業費用爲$1,597,181，高於Q3 2023的$1,312,209，同比增長22%，2024年第三季度營業費用與2024年第二季度相比下降了7%。2024年第三季度的營業費用，不包括折舊和攤銷，爲$1,104,373。2024年第三季度淨虧損爲($2,383,256)，高於2024年第三季度的($2,488,856)，但同比改善了4%。
- YoY revenue growth for Q3 2024 was driven by a 101% increase in new deposit users, and a 65% increase in average deposit revenue per user. Deposit revenue growth was further supplemented by scaling new products, namely revenue from Change Orders and ATMs. New product revenue represented 14% of total revenue in Q3 2024 compared to 3% in Q3 2023.
- 2024年第三季度營收增長主要是由101%新增存款用戶增長和65%平均每用戶存款收入增長驅動。存款收入增長進一步得到新產品的支持，特別是來自找零訂單和ATM的收入。新產品收入在2024年第三季度佔總收入的比例爲14%，而在2023年第三季度爲3%。
- Revenue growth continues to outpace changes in Costs of Revenue ("COR"). Q3 2024 COR of ($837,252) was up 31% YoY, relative to 250% YoY revenue growth. Furthermore, on a QoQ basis COR was up +17% on the back of +34% revenue growth.
- 收入增長繼續超過與收入相關的成本變化。2024年第三季度的成本($837,252)同比增長31%，而收入增長爲250%。此外，環比基礎上成本率增長了17%，與收入增長34%有關。
- On September 17, 2024, the Company closed a non-brokered private placement of convertible notes (the "2024 Unsecured Notes") for aggregate gross proceeds of $2,800,000. The financing was led by PeoplesBank who subscribed for $2,000,000 in aggregate principal amount of the 2024 Unsecured Notes. The remaining $800,000 in aggregate principal amount of the 2024 Unsecured Notes was subscribed for by Cardtronics, Inc., a subsidiary of NCR Atleos.
- 2024年9月17日，公司完成了一項非經紀人做市的可轉債定向增發（"2024年無抵押票據"），募集總額爲280萬美元。這輪融資由People's銀行領導，認購了總額爲200萬美元的2024年無抵押票據的本金。剩餘的80萬美元的2024年無抵押票據的本金由NCR Atleos子公司Cardtronics，Inc.認購。
Network & Customer Highlights:
網絡及客戶亮點：
- Clip Money grew its leading shopping center network (non-ATM) to 408 deposit units in Q3 2024, adding locations with prestigious mall operators like: Tanger, Macerich, Spinoso, Taubmans, Brookfield, CBL and Washington Prime Group.
- Clip Money在2024年第三季度將其領先的購物中心網絡（非ATM）擴展至408個存款單位，增加了與Tanger、Macerich、Spinoso、Taubmans、Brookfield、CBL和Washington Prime Group等著名購物中心運營商合作的地點。
- Continued organic growth from existing customers led to the addition of over 400 new, active depositing users this quarter. Our enterprise customers remain committed to utilizing new Clip Money locations as we expand our network.
- 持續的有機增長來自現有客戶，本季度新增了超過400名新的活躍存款用戶。我們的企業客戶始終致力於利用新的Clip Money位置，隨着我們網絡的擴展。
- Genesco Inc. is a footwear focused, Nashville-based specialty retailer with roughly 1,200 stores across the U.S., Canada and Puerto Rico operating as Journeys, Journeys Kidz, Little Burgundy and Johnston & Murphy. Genesco began a Clip Drop deposit rollout in Q3 2024. The deployment has been well received across its store footprint with over 30 stores added by the end of Q3 2024 and a total of over 500 stores anticipated by the end of Q4 2024.
- Genesco Inc.是一家總部位於納什維爾的以鞋類爲重點的專業零售商，在美國、加拿大和波多黎各擁有約1,200家門店，經營品牌包括Journeys、Journeys Kidz、Little Burgundy和Johnston & Murphy。Genesco在2024年第三季度開始推出Clip Drop存款，截至2024年第三季度結束已有超過30家門店加入，預計2024年第四季度將新增超過500家門店。
- Two existing Clip customers with over 600 stores actively using the Clip Deposit solution have expanded their partnership with Clip, committing to the Company's Change Order solution for regular deliveries. These retailers will now benefit from the added convenience of ordering change directly through Clip, eliminating the need for time-consuming bank branch visits.
- 兩家已經使用Clip Deposit解決方案的Clip現有客戶中，共有600多家門店積極參與了Clip，承諾使用公司的零錢訂單解決方案進行定期交付。這些零售商現在將從通過Clip直接訂購零錢的額外便利性中受益，消除了需要耗時的銀行分行拜訪。
"We are thrilled to report such substantial growth and improved financial performance this quarter. Our Q3 results, with a 250% year-over-year revenue increase underscores the strength of our products and our team's execution. Furthermore, COR was up only 31% year-over-year, demonstrating our ability to scale efficiently and achieve operating leverage," said Joe Arrage, CEO of Clip Money. "The ramp-up from August to September was solid, with revenue growth accelerating by over 34% month-over-month, driven by an increase in deposit users from existing and new customers, and growth from our newer products like Clip Change Orders and ATMs. With this momentum building, we're confident that our performance will carry through Q4, positioning us for continued strong results as we close out the year."
「我們非常高興地報告本季度的大幅增長和改善的財務表現。我們的2024年第三季度業績，同比增長250%，突顯了我們產品的實力和團隊的執行能力。此外，僅同比增長31%的營業費用，表明我們具備高效擴展和實現營運槓桿的能力，」 Clip Money的CEO喬·阿雷格（Joe Arrage）表示，「從八月到九月的增長勢頭良好，營業收入同比增長超過34%，這是由現有和新客戶的存款用戶增加以及我們像Clip零錢訂單和ATM等新產品的增長所推動的。隨着這種勢頭增強，我們有信心業績將延續到第四季度，使我們在年底時取得持續強勁的成績。」
Joseph Arrage (CEO & Co-Founder)
Joseph Arrage（首席執行官兼創始人）
Additional Information
補充信息
The Company's interim condensed consolidated financial statements, notes to financial statements, and management's discussion and analysis for the three and nine-months ended September 30, 2024 are available on the Company's SEDAR+ profile at . Unless otherwise indicated, all references to "$" in this press release refer to U.S. dollars.
公司截至2024年9月30日爲止三個月和九個月的中期簡明綜合財務報表、財務報表附註以及管理層討論與分析可在公司的SEDAR+個人資料中找到。除非另有說明，否則本新聞稿中對「$」的所有引用均指美元。
Forward‐Looking Statements
前瞻性聲明
This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company's business.
本新聞發佈可能包含前瞻性聲明（根據適用證券法的規定），反映了公司關於未來事件的當前預期。前瞻性聲明通常以"相信"，"預期"，"計劃"，"期望"，"打算"，"計劃"，"將"，"可能"，"估計"等類似表述來識別。這些聲明基於公司的預期，估計，預測和展望，包括但不限於關於公司業務未來成功的聲明。
The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
本新聞稿中的前瞻性聲明基於某些假設。這些前瞻性聲明不能保證未來業績，並涉及難以控制或預測的風險和不確定性。許多因素可能導致實際結果與前瞻性聲明討論的結果有實質差異。因此，讀者不應過分依賴任何此類前瞻性聲明。此外，這些前瞻性聲明是根據本新聞稿發佈日期製作的，除非根據適用法律明確要求，否則公司不承擔公開更新或修訂任何前瞻性聲明的義務，無論是由於新信息，未來事件或其他原因。
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其規管服務供應商（如TSX Venture Exchange政策所定義的那樣）不接受本發佈的充分性或準確性的任何責任。
About Clip Money Inc.
關於Clip Money Inc.
Clip Money operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business banking transactions. Combined with mobile user applications, Clip Money offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit .
Clip Money通過其ClipDrop Boxes爲企業提供了一個跨銀行自助存款系統，使用戶能夠在頂級零售商和購物中心以外的地方存款。企業無需前往個人銀行分支機構或使用現金提取服務，即可在附近的任何ClipDrop Box存款。存款後，資金將自動劃入企業的銀行帳戶，通常在一個工作日內。該公司結合了功能硬件、直觀移動應用程序和創新的基於雲的交易引擎，最大限度地提升了企業銀行交易。結合移動用戶應用，Clip Money爲加拿大和美國各大城市統計區域提供了一種經濟實惠且方便的企業銀行存款解決方案。有關該公司的更多信息，請訪問 .
For further information, please contact:
如需更多信息，請聯繫：丹·努恩（Dan Noone）
Joseph Arrage
Chief Executive Officer
tel: 844-593-2547
Joseph Arrage
首席執行官
844-593-2547
譯文內容由第三人軟體翻譯。
