Press Release: Redline Communications Reports -2-
Press Release: Redline Communications Reports -2-
Certain statements in this release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking statements can be identified by terms such as "could", "expect", "may", "will", "anticipate", "believe", "intend", "estimate", "plan", "potential", "project" or other expressions concerning matters that are not historical facts. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management's current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the "Assumptions"). While the Company considers these Assumptions to be reasonable, based on the information currently available, they may prove to be incorrect.
本新聞稿中的某些陳述可能構成適用證券法意義上的前瞻性陳述或前瞻性信息。在某些情況下，前瞻性陳述可以用諸如“可能”、“預期”、“可能”、“將”、“預期”、“相信”、“打算”、“估計”、“計劃”、“潛在”、“項目”或其他與非歷史事實有關的表述來識別。提醒讀者不要過度依賴任何此類前瞻性陳述。此類前瞻性陳述不是對未來業績的承諾或保證，涉及已知和未知的風險和不確定性，可能導致Redline的實際結果、業績、成就或發展與此類前瞻性陳述明示或暗示的結果、業績、成就或發展大不相同。前瞻性陳述本質上是基於有關預期增長、管理層當前計劃、估計、預測、信念、意見以及業務前景和機會的某些假設(統稱為“假設”)。雖然公司認為這些假設是合理的，但根據目前掌握的信息，它們可能被證明是不正確的。
Many risks, uncertainties and other factors could cause the actual results of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include but are not limited to the following: significant competition, competitive pricing practices, cautious capital spending by customers, industry consolidations, rapidly changing technologies, evolving industry standards, frequent new product introductions, short product life cycles and other trends and industry characteristics affecting the telecommunications industry; any material, adverse effects on Redline's performance if its expectations regarding market demand for particular products prove to be wrong; any negative developments associated with Redline's suppliers and contract manufacturing agreements including the Company's reliance on certain suppliers for key components; potential penalties, damages or cancelled customer contracts from failure to meet delivery and installation deadlines and any defects or errors in Redline's current or planned products; fluctuations in foreign currency exchange rates; potential higher operational and financial risks associated with Redline's efforts to expand internationally; a failure to protect Redline's intellectual property rights, or any adverse judgments or settlements arising out of disputes regarding intellectual property; changes in regulation of the wireless industry or other aspects of the industry; any failure to successfully operate or integrate strategic acquisitions, or failure to consummate or succeed with strategic alliances; and Redline's potential inability to attract or retain the personnel necessary to achieve its business objectives or to maintain an effective risk management strategy (collectively, the "Risks").
許多風險、不確定因素和其他因素可能導致紅線公司的實際結果與這些前瞻性陳述中明示或暗示的結果、業績、成就或發展大不相同。這些風險、不確定因素和其他因素包括但不限於以下因素：激烈的競爭、具有競爭力的定價做法、客户謹慎的資本支出、行業整合、快速變化的技術、不斷髮展的行業標準、頻繁的新產品推出、短的產品生命週期和其他影響電信業的趨勢和行業特徵；如果對特定產品的市場需求的預期被證明是錯誤的，任何對Redline業績的重大、不利影響；與Redline供應商和合同製造協議相關的任何負面發展，包括該公司在關鍵部件方面對某些供應商的依賴；由於未能在交付和安裝截止日期前完成交付和安裝，以及Redline當前或計劃中的產品存在任何缺陷或錯誤而可能受到的處罰、損害或取消的客户合同；外幣匯率波動；與Redline的國際擴張努力相關的潛在更高的運營和財務風險；未能保護Redline的知識產權，或因知識產權糾紛而產生的任何不利判決或和解；無線行業或該行業其他方面的法規變化；任何未能成功運營或整合戰略收購，或未能完成或成功與戰略聯盟結盟；以及Redline可能無法吸引或留住實現其業務目標或維持有效風險管理戰略所需的人員(統稱為“風險”)。
For additional information on these Risks, see Redline's most recently filed Annual Information Form ("AIF") and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company's website at www.rdlcom.com. Redline assumes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All forward looking statements contained in this release are expressly qualified in their entirety by this cautionary statement.
有關這些風險的更多信息，請參見Redline最近提交的年度信息表(“AIF”)和年度MD&A，它們可在SEDAR網站www.sedar.com和公司網站www.rdlcom.com上獲得。紅線公司不承擔更新或修改任何前瞻性陳述或前瞻性信息的義務，無論是由於新信息、未來事件還是其他原因，除非法律明確要求。本新聞稿中包含的所有前瞻性陳述都明確地受到本警告性聲明的限制。
REDLINE COMMUNICATIONS GROUP INC.
Condensed Consolidated Interim Statements of Financial
Position
(Unaudited, Expressed in U.S. dollars)
September 30, December 31,
2021 2020
ASSETS
Current assets:
Cash $ 3,803,539 $ 5,334,486
Trade receivables 5,184,606 4,237,183
Other receivables 209,687 180,881
Inventories 4,679,132 5,492,931
Deferred cost of revenue 23 498
Prepaid expenses and other deposits 417,722 431,559
14,294,709 15,677,538
Non-current assets:
Property, plant and equipment 700,457 901,234
Intangible assets 922,459 1,148,050
Right of use assets 464,778 565,213
Other assets 85,278 65,223
2,172,972 2,679,720
Total Assets $ 16,467,681 $ 18,357,258
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Trade and other payables $ 3,641,582 $ 3,944,374
Income tax payable 29,459 29,459
Deferred revenue 931,300 2,057,944
Lease liabilities 298,456 250,068
4,900,797 6,281,845
Non-current liabilities:
Deferred revenue 1,151,589 364,391
Lease liabilities 356,902 554,396
Other financial liabilties - SIF Loan 307,162 -
Deferred Grant Income - SIF Loan 493,090 -
2,308,743 918,787
Total Liabilities 7,209,540 7,200,632
SHAREHOLDERS' EQUITY
Share capital 172,929,341 172,929,341
Contributed surplus 9,785,302 9,704,769
Deficit (173,456,503) (171,477,484)
9,258,140 11,156,626
Total Liabilities and Equity $ 16,467,681 $ 18,357,258
See accompanying notes to the interim condensed consolidated
financial statements
REDLINE COMMUNICATIONS GROUP INC.
Condensed Consolidated Interim Statements of Comprehensive
Loss
(Unaudited, Expressed in U.S. dollars)
Three months ended Nine months ended September
September 30, 30,
2021 2020 2021 2020
Revenue $5,194,806 $ 5,234,885 13,678,100 $ 13,832,804
Cost of revenue 1,789,633 2,506,794 4,829,013 5,909,158
Gross profit 3,405,173 2,728,091 8,849,087 7,923,646
Expenses:
Research and
development 1,063,194 946,317 3,439,727 3,116,847
General and
administrative 1,188,355 1,179,184 3,373,983 3,599,198
Sales and
marketing 1,294,906 1,103,574 3,849,943 3,959,091
Operations and
customer
support 316,828 221,574 971,165 667,848
3,863,283 3,450,649 11,634,818 11,342,984
Loss before
undernoted
items (458,110) (722,558) (2,785,731) (3,419,338)
Other (income)
expenses:
Canada
Emergency Wage
Subsidy (243,273) (334,763) (912,721) (1,040,717)
Finance
(income)
expense 11,501 7,422 23,379 16,179
Loss (Gain) on
fair market
value of
financial
instruments (93,654) (77,476) 26,564 (151,169)
Foreign
exchange loss
(gain) (45,785) 17,680 2,854 (51,170)
(371,211) (387,137) (859,924) (1,226,877)
Loss before
income taxes (86,899) (335,421) (1,925,807) (2,192,461)
Income tax
expense 9,841 14,498 53,212 58,644
Net loss and
total
comprehensive
loss $ (96,740) $ (349,919) $(1,979,019) $ (2,251,105)
Loss per share
Basic and
diluted $ (0.01) $ (0.02) $ (0.11) $ (0.13)
See accompanying notes to the interim condensed consolidated
financial statements
REDLINE COMMUNICATIONS GROUP
INC.
Condensed Consolidated Interim Statements of Changes
in Equity
(Unaudited, Expressed in
U.S. dollars)
Share Contributed Deficit Total
capital surplus
Balance at
January 1,
2020 $172,929,341 $ 9,525,694 $(167,577,777) 14,877,258
Net loss - - (2,251,105) (2,251,105)
Stock
option
expense - 137,626 - 137,626
Balance at
September
30, 2020 $172,929,341 $ 9,663,320 $(169,828,882) $ 12,763,779
Balance at
January 1,
2021 $172,929,341 $ 9,704,769 $(171,477,484) $ 11,156,626
Net loss - - (1,979,019) (1,979,019)
Stock
option
expense - 80,533 - 80,533
Balance at
September
30, 2021 $172,929,341 $ 9,785,302 $(173,456,503) $ 9,258,140
See accompanying notes to the interim condensed consolidated
financial statements
REDLINE COMMUNICATIONS GROUP INC.
Condensed Consolidated Interim Statements of Cash
Flows
(Unaudited, Expressed in U.S. dollars)
Three months ended Nine months ended September
September 30, 30,
2021 2020 2021 2020
Cash flows from
紅線通信集團有限公司。簡明合併中期財務報表職位(未經審計，以美元表示)九月三十日，十二月三十一日， 2021 2020 資產流動資產：現金$3,803,539$5,334,486應收貿易賬款5,184,606，4,237,183其他應收賬款209,687 180,881庫存4,679,132 5,492,931遞延收入成本23498預付費用和其他存款417,722 431,559 14,294,709 15,677,538 非流動資產：房地產、廠房和設備700,457 901,234無形資產922,459 1,148,050使用權資產464,778 565,213其他資產85,278 65,223 2,172,972 2,679,720 總資產16,467,681美元18,357,258美元負債和股東權益流動負債：貿易和其他應付款3,641,582美元3,944,374美元應繳所得税29,459 29,459遞延收入931,300 2,057,944租賃負債298,456 250,068 4,900,797 6,281,845 非流動負債：遞延收入1,151,589 364,391租賃負債356,902 554,396其他財務責任-SIF貸款307,162-遞延贈款收入-SIF貸款493,090- 2,308,743 918,787 總負債7,209,540 7,200,632股東權益股本172,929,341 172,929,341繳款盈餘9,785,302 9,704,769赤字(173,456,503)(171,477,484) 9,258,140 11,156,626 負債和權益總額16,467,681美元18,357,258美元見臨時壓縮合並文件的附註財務報表紅線通信集團有限公司。簡明綜合綜合中期報表損失(未經審計，以美元表示)截至三個月截至九月的九個月9月30日，30日， 2021 2020 2021 2020 收入$5,194,806$5,234,885 13,678,100$13,832,804收入成本1,789,633 2,506,794 4,829,013 5,909,158毛利3,405,173 2,728,091 8,849,087 7,923,646費用：研究和發展項目1,063,194,946,317 3,439,727,116,847一般和行政1,188,355 1,179,184 3,373,983,599,198銷售和市場營銷1,294,906 1,103,574 3,849,943,959,091運營和客户支持316,828 221,574 971,165 667,848 3,863,283 3,450,649 11,634,818 11,342,984 之前的損失下劃線項目(458,110)(722,558)(2,785,731)(3,419,338)其他(收入)費用：加拿大應急工資津貼(243,273)(334,763)(912,721)(1,040,717)金融(收入)費用11,501,422 23,379 16,179虧損(收益)在公平市場的價值金融儀器(93,654)(77,476)26,564(151,169)外國匯兑損失(增益)(45,785)17,680 2,854(51,170) (371,211) (387,137) (859,924) (1,226,877) 之前的損失所得税(86,899)(335,421)(1,925,807)(2,192,461)所得税費用9,841 14,498 53,212 58,644淨虧損及總計全面虧損$(96,740)$(349,919)$(1,979,019)$(2,251,105)每股虧損基本和稀釋$(0.01)$(0.02)$(0.11)$(0.13)見臨時壓縮合並文件的附註財務報表紅線通訊組公司簡明綜合中期變動表公平原則(未經審計，以(美元)股份出資虧損合計資本盈餘餘額為1月1日， 2020 $172,929,341 $ 9,525,694 $(167,577,777) 14,877,258 淨虧損--(2,251,105)(2,251,105)庫存選擇權費用-137,626-137,626餘額為九月 30, 2020 $172,929,341 $ 9,663,320 $(169,828,882) $ 12,763,779 餘額為1月1日， 2021 $172,929,341 $ 9,704,769 $(171,477,484) $ 11,156,626 淨虧損--(1,979,019)(1,979,019)庫存選擇權費用-80,533-80,533餘額為九月 30, 2021 $172,929,341 $ 9,785,302 $(173,456,503) $ 9,258,140 見臨時壓縮合並文件的附註財務報表紅線通信集團有限公司。簡明合併現金中期報表流動(未經審計，以美元表示)截至三個月截至九月的九個月9月30日，30日， 2021 2020 2021 2020 現金流來自
譯文內容由第三人軟體翻譯。