PowerBand Announces Third Quarter Sales Activity and Provides an Operational Update
PowerBand Announces Third Quarter Sales Activity and Provides an Operational Update
PowerBand Solutions' DRIVRZ™ products delivered 88% increase in revenue to CDN $8.8 million as compared to the second quarter revenue of CDN $4.7 million at 50% gross margin.
Powerband解決方案公司的DRIVRZ™產品帶來了88%的收入增長，達到880萬加元，而第二季度的收入為470萬加元，毛利率為50%。
TORONTO, ON / ACCESSWIRE / October 14, 2021 / PowerBand Solutions Inc. (TSXV:PBX)(OTCQB:PWWBF)(FSE:1ZVA) ("PowerBand", "PBX" or the "Company"), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles is pleased to announce that the Company's DRIVRZ products demonstrated strong revenue growth, originations and gross margins in the third quarter of 2021.
多倫多，on/ACCESSWIRE/2021年10月14日/Powerband Solutions Inc.(多倫多證券交易所股票代碼：PBX)(OTCQB：PWWBF)(證券交易所：1ZVA)(“電力帶", "PBX“或”公司)，一個將在線體驗轉變為銷售、交易、租賃和融資車輛的綜合電子商務解決方案，我們很高興地宣佈，公司的DRIVRZ產品在2021年第三季度實現了強勁的收入增長、原產地和毛利率。
Gross revenue for the third quarter ended September 30, 2021, increased 88% to CDN $8.8 million as compared to the second quarter revenue of CDN $4.7 million. Gross revenue for the month of September was down sequentially with originations due to historically low inventory levels and business interruption from flooding in the U.S. Northeast. Cumulative year-to-date gross revenue has now exceeded CDN $16 million with a gross margin of 50% year-to-date and for the third quarter. Management expects to release third quarter financial results by the second week of November 2021.
截至2021年9月30日的第三季度毛收入增長88%，達到880萬加元，而第二季度的收入為470萬加元。由於庫存水平處於歷史低位，以及美國東北部洪災造成的業務中斷，9月份的毛收入環比下降。今年到目前為止的累計毛收入已經超過了1600萬加元，今年到目前為止和第三季度的毛利率都達到了50%。管理層預計將在2021年11月的第二週發佈第三季度財務業績。
Drivrz Financial continued to capture a steady increase in applications, despite the depressed inventory environment. Originations were 230 for September 2021. We expect to continue to widen the dealer network into year-end and throughout 2022, that will allow for continued expansion of lease originations. This is the first month that origination count decoupled from applications, however, the strong correlation is expected to hold in future periods. While low inventory levels are negative for industry-wide volumes, record prices and unchanged residual values also impact Drivrz Financial. This is a short-term aberration and will provide a strong tailwind to originations when prices recede to normal levels upon delivery of 2021 and 2022 models. Dealer count increased appreciably since August, hitting 909, which was propelled by new enterprise customers. Drivrz Financial expects a significant contribution from these dealers by December given the expectation for a systematic approach to setting monthly targets for its leasing program.
儘管庫存環境低迷，Drivrz Financial的應用程序繼續穩步增長。2021年9月的發起量為230起。我們預計到年底和整個2022年，經銷商網絡將繼續擴大，這將允許繼續擴大租賃來源。這是始發計數與申請脱鈎的第一個月，然而，這種強烈的相關性預計將在未來一段時間內保持不變。雖然低庫存水平對整個行業的銷量都是負面的，但創紀錄的價格和不變的剩餘價值也影響了Drivrz Financial。這是一種短期偏差，當2021年和2022年車型交付後價格回落至正常水平時，將為原產地提供強大的順風。自8月份以來，在新企業客户的推動下，經銷商數量明顯增加，達到909家。Drivrz Financial預計，鑑於預計將採取系統的方法為其租賃計劃設定月度目標，到12月，這些交易商將做出重大貢獻。
In terms of DrivrzLane and DrivrzXchange, both platforms are anticipated to be generating revenues in the first quarter of 2022, providing the company with more opportunities to monetize the industry revenue stack. DrivrzLane will provide dealers with an ecommerce solution to capture multiple streams of revenue, while DrivrzXchange will be the first multi-sided marketplace available to the auto industry in the U.S. The cross-selling capabilities and synergistic opportunities with more than 900 dealers already online with Drivrz Financial will underpin PowerBand's ability to create a network effect and further bolster revenue growth in 2022.
在DrivrzLane和DrivrzXchange方面，這兩個平台預計都將在2022年第一季度產生收入，為公司提供更多將行業收入堆棧貨幣化的機會。DrivrzLane將為經銷商提供電子商務解決方案，以獲取多種收入來源，而DrivrzXchange將成為美國汽車業可用的第一個多邊市場。已與Drivrz Financial在線的900多家經銷商的交叉銷售能力和協同機會將鞏固Powerband在2022年創造網絡效應和進一步促進收入增長的能力。
Jon Lamb, CEO of Drivrz Financial commented. "We had set a dealer target of 1,000 by year-end 2021 and are tracking to outpace that KPI. Notwithstanding a short-term impact to September originations, we see growth resuming in fourth quarter, despite the dire inventory situation. Our new enterprise customers will drive incremental origination growth into year-end and throughout 2022, however, the full scaling capability of the business will not be appreciated by the market until inventory levels normalize. We cannot keep up with dealer onboarding and are hiring sales and support staff to improve adoption rates. Drivrz Financial plans to roll out auto term-loan and refinancing offerings in the first quarter of 2022 to expand its product lines and accelerate growth.
Drivrz Financial首席執行官喬恩·蘭姆(Jon Lamb)評論道。“我們設定了到2021年年底經銷商數量達到1000家的目標，並正在努力超越這一KPI。”儘管9月份的發貨量受到短期影響，但我們預計第四季度將恢復增長，儘管庫存形勢嚴峻。我們的新企業客户將在年底和整個2022年推動增量發起增長，然而，在庫存水平正常化之前，市場不會意識到業務的全面擴展能力。我們無法跟上經銷商入職的步伐，正在招聘銷售和支持人員以提高採用率。Drivrz Financial計劃在2022年第一季度推出汽車定期貸款和再融資產品，以擴大產品線並加快增長。
Kelly Jennings, founder and CEO commented. "Our goal is to bring all three business units to the market in 2022 which will drive strong synergies and significant growth for our shareholders. We are also in the process of bringing Drivrz Financial Canada online by the end of the year. We have never been more enthusiastic about our prospects and are seeing awareness and engagement levels accelerating every month. We will update the market frequently as we scale the business".
創始人兼首席執行官凱利·詹寧斯(Kelly Jennings)評論道。“我們的目標是在2022年將這三個業務部門全部推向市場，這將為我們的股東帶來強大的協同效應和顯著增長。我們還在推動Drivrz Financial Canada在今年年底前上線。我們對我們的前景從未像現在這樣熱情，意識和參與度水平每月都在加快。我們將在擴大業務規模的同時頻繁更新市場。”
About PowerBand Solutions Inc.
關於Powerband解決方案公司
PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, funders, and manufacturers (OEMs). It enables them to buy, sell, trade, finance, and lease new and used, electric and non-electric vehicles, on any phone, tablet or PC connected to the internet. PowerBand's transaction platform - being trademarked under DRIVRZ™ - is being made available across North American and global markets.
POWERBAND解決方案公司在多倫多證券交易所創業板和場外交易市場上市，是一家顛覆汽車業的金融科技供應商。Powerband基於雲的集成交易平台為消費者、經銷商、資助商和製造商(OEM)之間的交易提供便利。它使他們能夠在任何連接到互聯網的手機、平板電腦或個人電腦上買賣、交易、融資和租賃新的和二手的電動和非電動汽車。Powerband的交易平台--以DRIVRZ™為商標--正在北美和全球市場推出。
For further information, please contact:
如需更多信息，請聯繫：
Kelly Jennings
Chief Executive Officer
E: info@powerbandsolutions.com
P: 1-866-768-7653
凱莉·詹寧斯首席執行官電子郵件：info@powerband olutions.comP: 1-866-768-7653
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 news release.
TSXV及其監管服務提供商(該術語在TSXV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。
Non-IFRS Measures:
非國際財務報告準則衡量標準：
This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results.
本新聞稿包含非國際財務報告準則的財務措施；公司認為這些措施 這些措施為投資者提供了有關金融市場的有用補充信息。 其業務績效，可以在以下期間比較財務結果 某些項目可能獨立於業務表現而變化，並允許更高的透明度 關於管理層在業務運營中使用的關鍵指標。雖然管理層 我相信這些財務指標在評估公司業績時很重要，並不打算孤立地考慮，也不打算將其作為財務指標的替代或優於財務指標 根據“國際財務報告準則”編制和列報的信息。這些非“國際財務報告準則”財務指標沒有任何標準化意義，可能無法與類似的財務指標進行比較。 其他公司使用的措施。對於某些非“國際財務報告準則”的財務指標，沒有 國際財務報告準則下的直接可比金額。這些非“國際財務報告準則”的財務措施不應 被視為根據“國際財務報告準則”確定的財務業績衡量標準的替代方案。此外，還提供了其中某些措施的按年列報。 比較的目的，投資者應該注意的是，對其進行調整的影響 本協議的規定對本公司的經營業績有實際影響。
FORWARD-LOOKING STATEMENTS
前瞻性陳述
This news release contains forward-looking statements relating to the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
本新聞稿包含與該公司有關的前瞻性陳述和其他非歷史事實的陳述。前瞻性陳述通常由諸如“將”、“可能”、“應該”、“預期”、“期望”和類似的表達方式來識別。本新聞稿中除歷史事實陳述外的所有陳述，包括但不限於有關公司未來計劃和目標的陳述，均為前瞻性陳述，涉及風險和不確定因素。不能保證這些陳述將被證明是準確的，實際結果和未來事件可能與這些陳述中預期的大不相同。
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, including market factors, and many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as at the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
提醒讀者，在準備任何前瞻性信息時使用的假設可能被證明是不正確的。由於許多已知和未知的風險、不確定性和包括市場因素在內的其他因素，其中許多不是公司所能控制的，事件或情況可能導致實際結果與預測的結果大不相同。因此，我們不能保證任何前瞻性陳述都會成為現實，提醒讀者不要過度依賴任何前瞻性信息。這些信息雖然在準備時被管理層認為是合理的，但可能被證明是不正確的，實際結果可能與預期的大不相同。本新聞稿中包含的前瞻性陳述明確受本警告性聲明的限制。本新聞稿中包含的前瞻性陳述是在本新聞稿發佈之日作出的，除非加拿大證券法明確要求，否則公司不承擔公開更新或修改任何包含的前瞻性陳述的義務，無論是由於新信息、未來事件還是其他原因。
SOURCE: PowerBand Solutions Inc.
資料來源：Powerband Solutions Inc.
譯文內容由第三人軟體翻譯。