Slinger Announces Second Quarter Fiscal 2021 Financial Results
Slinger Announces Second Quarter Fiscal 2021 Financial Results
Revenue increased 106% YoY to a record $5.4 million
收入同比增長106％，達到創紀錄的540萬美元
BALTIMORE, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Slinger (OTCQB: SLBG), a leading connected sports technology company, today announced financial results for its Q2 2021 fiscal quarter, ended October 31 2021.
巴爾的摩，2021 年 12 月 22 日（GLOBE NEWSWIRE）— Slinger（OTCQB：SLBG）， 領先的互聯體育技術公司今天公佈了截至2021年10月31日的2021年第二財季的財務業績。
"This was a momentous quarter for Slinger as we announced two transformational acquisitions that will enable the development of our Watch, Play, Learn connected technology platform strategy, while also reporting our first $5 million quarter for revenue, driven by strong Slinger Bag sales," said Mike Ballardie, Slinger CEO.
“對於Slinger來說，這是一個重要的季度，因爲我們宣佈了兩項轉型性收購，這將使我們的發展成爲可能 看，玩， 學習 互聯技術平台戰略，同時還報告了在Slinger Bag強勁銷售的推動下，我們的第一個季度收入爲500萬美元，” 斯林格首席執行官邁克·巴拉迪說。
Second Quarter Fiscal 2021 Financial Highlights (versus Fiscal 2020):
2021 財年第二季度財務亮點（與 2020 財年相比）：
- Revenue of $5.4 million versus $2.6 million;
- Gross profit of $2.1 million versus $1.0 million;
- GAAP net loss and loss per share of ($38.8) million and ($0.95) versus ($2.5) million and ($0.10), respectively;
- Non-GAAP net loss and loss per share of ($1.1) million and ($0.03) versus ($0.2) million and ($0.01), respectively.
- 收入爲540萬美元，而收入爲260萬美元；
- 毛利爲210萬美元，而毛利爲100萬美元；
- GAAP淨虧損和每股虧損（3,880萬美元）和（0.95美元），分別爲（250萬美元和0.10美元）；
- 非公認會計准則淨虧損和每股虧損分別爲（110萬美元和0.03美元），分別爲（20萬美元和0.01美元）。
Second Quarter Fiscal 2021 Business Highlights:
第二名 Quarter 2021 財年業務亮點：
- Announced the Watch, Play, Learn strategy driven by transformational deals to acquire PlaySight Interactive, a pioneer and leader across sports video technology, data capture, high-performance analytics and automated video production; and GAMEFACE.AI, a leading athletic performance AI company that is also building the analysis engine for the Slinger App;
- Foundation Tennis announced its partnership with Square;
- Expanded distribution into China and Brazil tennis markets;
- Partnered with the world-renowned Mouratoglou Academy and their locations in Nice, Dubai and Greece.
- 宣佈了 看，玩， 學習 戰略由轉型收購交易驅動 PlaySig 互動，體育視頻技術、數據採集、高性能分析和自動視頻製作領域的先驅和領導者；以及 GAMEFACE.AI，一家領先的運動表現人工智能公司，也在爲Slinger App開發分析引擎；
- 網球基金會宣佈與Square建立合作伙伴關係；
- 將分銷範圍擴大到中國和巴西網球市場；
- 與世界知名的 Mouratoglou Academy 及其在尼斯、迪拜和希臘的分校合作。
| Select Financial Metrics: Q2 Fiscal 2021 versus Fiscal 2020 as of 10/31/21* | ||||||
| (in $Ms) | 2Q21 | 2Q20 | Change | YTD FY21 | YTD FY20 | Change |
| Net sales | $5.4 | $2.6 | 106.1% | $7.9 | $3.2 | 149.2% |
| Gross income | $2.1 | $1.0 | 100.4% | $2.9 | $0.7 | 329.4% |
| Gross margin | 38.6% | 39.7% | 36.2% | 21.0% | ||
| GAAP operating loss | ($35.1) | ($0.2) | nm | ($37.6) | ($1.7) | nm |
| Non-GAAP operating loss | ($0.8) | ($0.1) | nm | ($2.5) | ($1.6) | nm |
| GAAP net loss | ($38.8) | ($2.5) | nm | ($42.3) | ($3.9) | nm |
| Non-GAAP net loss | ($1.1) | ($0.2) | nm | ($2.8) | ($2.0) | -40.0% |
| GAAP loss per share | ($0.95) | ($0.10) | nm | ($1.20) | ($0.15) | nm |
| Non-GAAP loss per share | ($0.03) | ($0.01) | nm | ($0.08) | ($0.07) | -14.3% |
| nm = not measurable/meaningful | ||||||
| *numbers may not add due to rounding | ||||||
| 選擇財務指標：2021財年第二季度與截至21年10月31日的2020財年* | ||||||
| （單位：$Ms） | 2Q21 | 2Q20 | 改變 | 21 財年年初至今 | 20 財年年初至今 | 改變 |
| 淨銷售額 | 5.4 美元 | 2.6 美元 | 106.1% | 7.9 美元 | 3.2 美元 | 149.2% |
| 總收入 | 2.1 美元 | 1.0 美元 | 100.4% | 2.9 美元 | 0.7 美元 | 329.4% |
| 毛利率 | 38.6% | 39.7% | 36.2% | 21.0% | ||
| GAAP 營業虧損 | (35.1 美元) | (0.2 美元) | nm | (37.6 美元) | （1.7 美元） | nm |
| 非公認會計准則營業虧損 | (0.8 美元) | (0.1 美元) | nm | （2.5 美元） | (1.6 美元) | nm |
| GAAP 淨虧損 | (38.8 美元) | （2.5 美元） | nm | (42.3 美元) | （3.9 美元） | nm |
| 非公認會計准則淨虧損 | (1.1 美元) | (0.2 美元) | nm | (2.8 美元) | （2.0 美元） | -40.0% |
| GAAP 每股虧損 | (0.95 美元) | (0.10 美元) | nm | （1.20 美元） | (0.15 美元) | nm |
| 非公認會計准則每股虧損 | (0.03 美元) | (0.01 美元) | nm | (0.08 美元) | (0.07 美元) | -14.3% |
| nm = 不可測量/有意義 | ||||||
| *由於四捨五入，數字可能相加 | ||||||
We define non-GAAP operating income (loss) as the respective GAAP measure, excluding expenses related to share-based compensation, shares and warrants issued in connection of services, amortization of acquired intangible assets, and acquisition-related expenses.
我們將非公認會計准則營業收入（虧損）定義爲相應的GAAP指標，不包括與基於股份的薪酬、與服務相關的股票和認股權證、收購的無形資產的攤銷以及與收購相關的支出相關的支出enses。
We define non-GAAP net income (loss) as GAAP net income (loss), excluding items used to calculate non-GAAP operating income (loss), as well as other non-cash items, including gains/losses related to:
The extinguishment of debt; the amortization of debt discounts; inducement of conversions of equity; the change in the value of derivatives that are marked-to-market quarterly; the issuance of convertible notes.
我們將非公認會計准則淨收益（虧損）定義爲GAAP淨收益（虧損），不包括用於計算非公認會計准則營業收入（虧損）的項目，以及其他非現金項目，包括與以下內容相關的收益/虧損：
債務的清償；d 的攤銷息稅折現；誘導股權轉換；每季度按市值計價的衍生品價值的變化；可轉換票據的發行。
Please see reconciliations of all non-GAAP financial measures after the financial statements.
請在財務報表後查看所有非公認會計准則財務指標的對賬表。
Fiscal 2021 Commentary
2021 財年市場評論
"As we look to the second half of the fiscal year, we have several catalysts that will bring all the pieces together to enable our Watch, Play, Learn strategy. First, we expect to close our two transformational acquisitions in the weeks to come. Next, in early Spring, we anticipate introducing both the Slinger app with its AI-driven performance analytics and our unified, connected sports platform for tennis. Finally, we will bring our Watch, Play, Learn capabilities to new market segments, led by introducing Slinger Bag ball launchers for Pickleball and Padel Tennis after these product releases.
“展望本財年的下半年，我們有幾種催化劑可以將所有部分彙集在一起，以實現我們的 Watch、Play、Learn 策略。首先，我們預計將在未來幾周內完成兩次轉型收購。接下來，我們預計在早春推出具有人工智能驅動性能分析功能的Slinger應用程序和統一的互聯網球運動平台。最後，我們將把我們的 Watch、Play、Learn 功能帶到新的細分市場，首先在這些產品發佈後推出適用於 Pickleball 和 Padel Tennis 的 Slinger Bag 球發射器。
"Turning to our expected financial performance for fiscal year 2021, we expect revenue (not including revenue from pending acquisitions) to be $17 - $18 million, or an increase of 57% - 67% over the prior year's revenue of $10.8 million. We anticipate our adjusted EBITDA run rate to be near break-even as we exit the year. Once the GAMEFACE.AI and PlaySight deals are closed, we will update our consolidated guidance.
“關於我們2021財年的預期財務業績，我們預計收入（不包括待收購的收入）爲1700萬至1,800萬美元，比上一年的1,080萬美元收入增長57％至67％。我們預計，隨着今年退出，調整後的息稅折舊攤銷前利潤將接近盈虧平衡。GAMEFACE.AI 和 PlaySight 交易完成後，我們將更新我們的合併指南。
"In conclusion, I am excited about Slinger's transformation into a sports tech business, driven by recurring SaaS, subscription and content revenue. I believe the connected sports vision we are implementing will bring our platform's unique value proposition to consumers and drive value for our shareholders in the years ahead," Ballardie concluded.
“總而言之，在SaaS、訂閱和內容收入的推動下，Slinger向體育科技業務的轉型讓我感到興奮。我相信，我們正在實施的互聯體育願景將爲消費者帶來我們平台獨特的價值主張，並在未來幾年爲我們的股東帶來價值，” 巴拉迪總結道。
The Slinger Bag is available to order or to find out more about Slinger Bag, visit .
Slinger Bag 可供訂購，或者要了解有關 Slinger Bag 的更多信息，請訪問。
Webcast Information
The Company will be hosting a webcast and Q&A at 10:00 a.m. Eastern Time on Wednesday, December 22, 2021. The webcast will be available at ;tp_key=c8920e3fe9.
網絡直播信息
公司將於美國東部時間2021年12月22日星期三上午10點主持網絡直播和問答。網絡直播將在以下網址播出：tp_key=c8920e3fe9。
It is recommended to submit questions ahead of time to investors@slingerbag.com, but investors will also be able to submit questions through the live webcast.
建議提前向 investors@slingerbag.com 提交問題，但投資者也可以通過網絡直播提交問題。
About Slinger
關於斯林格
Slinger is a new sports brand focused on delivering innovative, game improvement technologies and equipment across all ball sports categories. With the vision to become a leading connected sports company, Slinger enhances the skill and enjoyment levels of players of all ages and abilities. Slinger is initially focused on building its brand within the global tennis market through its Slinger Bag Tennis Ball Launcher and Accessories. Slinger Bag has underpinned its proof of concept with over $250M of retail value in global distribution agreements since the Spring of 2020. Slinger is primed to disrupt traditional global markets with its patented, highly transportable, and affordable Slinger Bag Launcher and its suite of connected app and SaaS services.
Slinger 是一個新的體育品牌，專注於爲所有球類運動類別提供創新的遊戲改進技術和裝備。Slinger的願景是成爲一家領先的互聯體育公司，它提高了所有年齡和能力的球員的技能和樂趣水平。Slinger最初專注於通過其Slinger Bag Tennis Ball Launcher和配件在全球網球市場建立自己的品牌。自2020年春季以來，Slinger Bag在全球分銷協議中以超過2.5億美元的零售價值鞏固了其概念驗證。Slinger已準備好憑藉其獲得專利、高度便攜且價格合理的Slinger Bag Launcher及其聯網應用程序和SaaS服務套件顛覆傳統的全球市場。
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
前瞻性陳述：本新聞稿包含1933年《證券法》第27A條和1934年《證券交易法》第21E條以及經修訂的《私人證券訴訟改革法》所指的某些前瞻性陳述，包括與公司產品開發、臨床和監管時間表、市場機會、競爭地位、可能或假設的未來運營業績、業務戰略、潛在增長機會和其他本質上具有預測性的陳述有關的前瞻性陳述。這些前瞻性陳述基於當前對我們運營所在行業和市場的預期、估計、預測和預測以及管理層當前的信念和假設。
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential, "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
這些陳述可以通過使用前瞻性表達來識別，包括但不限於 “期望”、“預期”、“打算”、“計劃”、“相信”、“估計”、“潛力”、“預測”、“項目”、“應該”、“將” 以及類似的表達方式以及這些術語的否定詞。這些陳述與未來事件或我們的財務業績有關，涉及已知和未知的風險、不確定性和其他因素，這些因素可能導致實際業績、業績或成就與前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異。這些因素包括公司向美國證券交易委員會提交的文件中列出的因素。提醒潛在投資者不要過分依賴此類前瞻性陳述，這些陳述僅代表截至本新聞稿發佈之日。公司沒有義務公開更新任何前瞻性陳述，無論是由於新信息、未來事件還是其他原因。
Contacts:
聯繫人：
For Slinger Investor Relations inquiries, please visit , or contact investors@slingerbag.com or 443-407-7564
如需查詢 Slinger 投資者關係，請訪問或聯繫 investors@slingerbag.com 或 443-407-7564
For Slinger media inquiries, please contact the press office at press@slingerbag.com 443-407-7564
如需向 Slinger 媒體查詢，請通過 press@slingerbag.com 443-407-7564 聯繫新聞辦公室
SLINGER BAG INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
SLINGER BAG INC.
簡明的合併資產負債表
| October 31, 2021 | April 30, 2021 | |||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 1,747,661 | $ | 928,796 | ||||
| Accounts receivable, net | 846,529 | 762,487 | ||||||
| Inventories, net | 8,578,431 | 3,693,216 | ||||||
| Prepaid inventory | 475,913 | 140,047 | ||||||
| Loan and interest receivable | 1,435,219 | - | ||||||
| Prepaid expenses and other current assets | 110,970 | 60,113 | ||||||
| Total current assets | 13,194,723 | 5,584,659 | ||||||
| Goodwill | 1,240,000 | - | ||||||
| Other intangible assets, net | 2,290,895 | 112,853 | ||||||
| Total assets | $ | 16,725,618 | $ | 5,697,512 | ||||
| Liabilities and Shareholders' Deficit | ||||||||
| Current liabilities | ||||||||
| Accounts payable and accrued expenses | $ | 5,306,355 | $ | 2,050,476 | ||||
| Accrued payroll and bonuses | 1,210,805 | 1,283,464 | ||||||
| Deferred revenue | 71,242 | 99,531 | ||||||
| Accrued interest - related party | 821,925 | 747,636 | ||||||
| Notes payable - related party, net | - | 6,143,223 | ||||||
| Convertible notes payable, net | 2,627,778 | - | ||||||
| Derivative liabilities | 14,870,050 | 13,813,449 | ||||||
| Total current liabilities | 24,908,155 | 24,137,779 | ||||||
| Long-term liabilities | ||||||||
| Note payable, net | - | 10,477 | ||||||
| Total liabilities | 24,908,155 | 24,148,256 | ||||||
| Commitments and contingencies (Note 11) | ||||||||
| Shareholders' deficit | ||||||||
| Common stock, $0.001 par value, 300,000,000 shares authorized, 41,869,622 and 27,642,828 shares issued and outstanding as of October 31, 2021 (unaudited) and April 30, 2021, respectively; 0 and 6,921,299 shares issuable as of October 31, 2021 (unaudited) and April 30, 2021, respectively | 41,870 | 27,643 | ||||||
| Additional paid-in capital | 62,871,881 | 10,365,056 | ||||||
| Accumulated other comprehensive loss | (12,346 | ) | (20,170 | ) | ||||
| Accumulated deficit | (71,083,942 | ) | (28,823,273 | ) | ||||
| Total shareholders' deficit | (8,182,537 | ) | (18,450,744 | ) | ||||
| Total liabilities and shareholders' deficit | $ | 16,725,618 | $ | 5,697,512 | ||||
| 2021年10月31日 | 2021年4月30日 | |||||||
| （未經審計） | ||||||||
| 資產 | ||||||||
| 流動資產 | ||||||||
| 現金和現金等價物 | $ | 1,747,661 | $ | 928,796 | ||||
| 應收賬款，淨額 | 846,529 | 762,487 | ||||||
| 庫存，淨額 | 8,578,431 | 3,693,216 | ||||||
| 預付庫存 | 475,913 | 140,047 | ||||||
| 應收貸款和利息 | 1,435,219 | - | ||||||
| 預付費用和其他流動資產 | 110,970 | 60,113 | ||||||
| 流動資產總額 | 13,194,723 | 5,584,659 | ||||||
| 善意 | 1,240,000 | - | ||||||
| 其他無形資產，淨額 | 2,290,895 | 112,853 | ||||||
| 總資產 | $ | 16,725,618 | $ | 5,697,512 | ||||
| 負債和股東赤字 | ||||||||
| 流動負債 | ||||||||
| 應付賬款和應計費用 | $ | 5,306,355 | $ | 2,050,476 | ||||
| 應計工資和獎金 | 1,210,805 | 1,283,464 | ||||||
| 遞延收入 | 71,242 | 99,531 | ||||||
| 應計利息-關聯方 | 821,925 | 747,636 | ||||||
| 應付票據——關聯方，淨額 | - | 6,143,223 | ||||||
| 可轉換應付票據，淨額 | 2,627,778 | - | ||||||
| 衍生負債 | 14,870,050 | 13,813,449 | ||||||
| 流動負債總額 | 24,908,155 | 24,137,779 | ||||||
| 長期負債 | ||||||||
| 應付票據，淨額 | - | 10,477 | ||||||
| 負債總額 | 24,908,155 | 24,148,256 | ||||||
| 承付款和或有開支（注11） | ||||||||
| 股東赤字 | ||||||||
| 普通股，面值0.001美元，授權3億股，截至2021年10月31日（未經審計）和2021年4月30日分別發行和流通41,869,622股和27,642,828股；截至2021年10月31日（未經審計）和2021年4月30日，分別有0股和6,921,299股可供發行 | 41,870 | 27,643 | ||||||
| 額外的實收資本 | 62,871,881 | 10,365,056 | ||||||
| 累計其他綜合虧損 | (12,346 | ) | (20,170 | ) | ||||
| 累計赤字 | (71,083,942 | ) | (28,823,273 | ) | ||||
| 股東赤字總額 | (8,182,537 | ) | (18,450,744 | ) | ||||
| 負債總額和股東赤字 | $ | 16,725,618 | $ | 5,697,512 | ||||
SLINGER BAG INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE LOSS
SLINGER BAG INC.
未經審計的簡明合併運營報表以及
綜合損失
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| October 31, | October 31, | October 31, | October 31, | |||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Net sales | $ | 5,400,542 | $ | 2,620,068 | $ | 7,938,115 | $ | 3,185,053 | ||||||||
| Cost of sales | 3,315,605 | 1,579,750 | 5,067,956 | 2,516,650 | ||||||||||||
| Gross income | 2,084,937 | 1,040,318 | 2,870,159 | 668,403 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Selling and marketing expenses | 887,809 | 397,922 | 1,594,906 | 699,940 | ||||||||||||
| General and administrative expenses | 36,197,888 | 829,510 | 38,592,687 | 1,588,778 | ||||||||||||
| Research and development costs | 103,318 | 15,439 | 277,366 | 43,549 | ||||||||||||
| Total operating expenses | 37,189,015 | 1,242,871 | 40,464,959 | 2,332,267 | ||||||||||||
| Loss from operations | (35,104,078 | ) | (202,553 | ) | (37,594,800 | ) | (1,663,864 | ) | ||||||||
| Other expense (income): | ||||||||||||||||
| Amortization of debt discounts | 2,629,069 | 52,543 | 2,650,285 | 286,251 | ||||||||||||
| Loss on extinguishment of debt | 1,978,295 | 1,999,487 | 7,096,730 | 1,432,820 | ||||||||||||
| Induced conversion loss | - | 51,412 | - | 51,412 | ||||||||||||
| Gain on change in fair value of derivatives | (4,803,569 | ) | - | (9,130,913 | ) | - | ||||||||||
| Loss on issuance of convertible notes | 3,689,369 | - | 3,689,369 | - | ||||||||||||
| Interest expense - related party | 22,495 | 144,085 | 78,728 | 316,549 | ||||||||||||
| Interest expense, net | 205,620 | 74,046 | 281,670 | 147,256 | ||||||||||||
| Total other expense | 3,721,279 | 2,321,573 | 4,665,869 | 2,234,288 | ||||||||||||
| Loss before income taxes | (38,825,357 | ) | (2,524,126 | ) | (42,260,669 | ) | (3,898,152 | ) | ||||||||
| Provision for income taxes | - | - | - | - | ||||||||||||
| Net loss | (38,825,357 | ) | (2,524,126 | ) | (42,260,669 | ) | (3,898,152 | ) | ||||||||
| Other comprehensive gain (loss), net of tax | ||||||||||||||||
| Foreign currency translation adjustments | 20,852 | (1,544 | ) | 7,824 | (2,937 | ) | ||||||||||
| Total other comprehensive gain (loss), net of tax | 20,852 | (1,544 | ) | 7,824 | (2,937 | ) | ||||||||||
| Comprehensive loss | $ | (38,804,505 | ) | $ | (2,525,670 | ) | $ | (42,252,845 | ) | $ | (3,901,089 | ) | ||||
| Net loss per share, basic and diluted | $ | (0.95 | ) | $ | (0.10 | ) | $ | (1.20 | ) | $ | (0.15 | ) | ||||
| Weighted average number of common shares outstanding, basic and diluted | 41,080,733 | 26,420,584 | 35,104,580 | 26,255,603 | ||||||||||||
| 在已結束的三個月中 | 在已結束的六個月中 | |||||||||||||||
| 10月31日， | 10月31日， | 10月31日， | 10月31日， | |||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| （未經審計） | （未經審計） | （未經審計） | （未經審計） | |||||||||||||
| 淨銷售額 | $ | 5,400,542 | $ | 2,620,068 | $ | 7,938,115 | $ | 3,185,053 | ||||||||
| 銷售成本 | 3,315,605 | 1,579,750 | 5,067,956 | 2,516,650 | ||||||||||||
| 總收入 | 2,084,937 | 1,040,318 | 2,870,159 | 668,403 | ||||||||||||
| 運營費用： | ||||||||||||||||
| 銷售和營銷費用 | 887,809 | 397,922 | 1,594,906 | 699,940 | ||||||||||||
| 一般和管理費用 | 36,197,888 | 829,510 | 38,592,687 | 1,588778 | ||||||||||||
| 研究和開發成本 | 103,318 | 15,439 | 277,366 | 43,549 | ||||||||||||
| 運營費用總額 | 37,189,015 | 1,242,871 | 40,464,959 | 2,332,267 | ||||||||||||
| 運營損失 | (35,104,078 | ) | (202,553 | ) | (37,594,800 | ) | (1,663,864 | ) | ||||||||
| 其他費用（收入）： | ||||||||||||||||
| 債務折扣的攤銷 | 2,629,069 | 52,543 | 2,650,285 | 286,251 | ||||||||||||
| 債務消滅造成的損失 | 1,978,295 | 1,999,487 | 7,096,730 | 1,432,820 | ||||||||||||
| 誘發的轉換損耗 | - | 51,412 | - | 51,412 | ||||||||||||
| 衍生品公允價值變動的收益 | (4,803,569 | ) | - | (9,130,913 | ) | - | ||||||||||
| 發行可轉換票據虧損 | 3,689,369 | - | 3,689,369 | - | ||||||||||||
| 利息支出-關聯方 | 22,495 | 144,085 | 78,728 | 316,549 | ||||||||||||
| 利息支出，淨額 | 205,620 | 74,046 | 281,670 | 147,256 | ||||||||||||
| 其他支出總額 | 3,721,279 | 2,321,573 | 4,665,869 | 2,234,288 | ||||||||||||
| 所得稅前虧損 | (38,825,357 | ) | (2,524,126 | ) | (42,260,669 | ) | (3,898,152 | ) | ||||||||
| 所得稅準備金 | - | - | - | - | ||||||||||||
| 淨虧損 | (38,825,357 | ) | (2,524,126 | ) | (42,260,669 | ) | (3,898,152 | ) | ||||||||
| 扣除稅款的其他綜合收益（虧損） | ||||||||||||||||
| 外幣折算調整 | 20,852 | (1,544 | ) | 7,824 | (2,937 | ) | ||||||||||
| 扣除稅款的其他綜合收益（虧損）總額 | 20,852 | (1,544 | ) | 7,824 | (2,937 | ) | ||||||||||
| 綜合損失 | $ | (38,804,505 | ) | $ | (2,525,670 | ) | $ | (42,252,845 | ) | $ | (3,901,089 | ) | ||||
| 基本和攤薄後的每股淨虧損 | $ | (0.95 | ) | $ | (0.10) | ) | $ | (1.20 | ) | $ | (0.15) | ) | ||||
| 已發行普通股、基本股和攤薄後普通股的加權平均數 | 41,080,733 | 26,420,584 | 35,104,580 | 26,255,603 | ||||||||||||
SLINGER BAG INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
SLINGER BAG INC.
未經審計的簡明合併現金流量表
| For the Six Months Ended | ||||||||
| October 31, | October 31, | |||||||
| 2021 | 2020 | |||||||
| (Unaudited) | (Unaudited) | |||||||
| Cash flows from operating activities | ||||||||
| Net loss | $ | (42,260,669 | ) | $ | (3,898,152 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Amortization expense | 131,958 | - | ||||||
| Gain on change in fair value of derivatives | (9,130,913 | ) | - | |||||
| Shares and warrants issued in connection with services | 1,417,728 | 183,845 | ||||||
| Share-based compensation | 32,569,112 | - | ||||||
| Loss on extinguishment of debt | 7,096,730 | 1,432,820 | ||||||
| Induced conversion loss | - | 51,412 | ||||||
| Amortization of debt discounts | 2,650,285 | 286,251 | ||||||
| Loss on issuance of convertible notes | 3,689,369 | - | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable, net | (84,262 | ) | (353,505 | ) | ||||
| Inventories, net | (4,886,227 | ) | (993,049 | ) | ||||
| Prepaid expenses and other current assets | (422,119 | ) | 110,455 | |||||
| Accounts payable and accrued expenses | 3,256,234 | 327,579 | ||||||
| Accrued payroll and bonuses | (72,659 | ) | 361,608 | |||||
| Deferred revenue | (28,289 | ) | 630,148 | |||||
| Accrued interest - related party | 74,289 | 316,549 | ||||||
| Net cash used in operating activities | (5,999,433 | ) | (1,544,039 | ) | ||||
| Cash flows from investing activities | ||||||||
| Note receivable issuance | (1,400,000 | ) | - | |||||
| Net cash used in investing activities | (1,400,000 | ) | - | |||||
| Cash flows from financing activities | ||||||||
| Proceeds from convertible notes payable | 11,000,000 | - | ||||||
| Debt issuance costs related to convertible notes payable | (800,251 | ) | - | |||||
| Proceeds from notes payable – related party | 1,000,000 | 2,000,000 | ||||||
| Repayments of notes payable – related party | (1,000,000 | ) | - | |||||
| Repayment of note payable | (2,000,000 | ) | - | |||||
| Proceeds from note payable | - | 120,000 | ||||||
| Other financing activities | 9,671 | - | ||||||
| Net cash provided by financing activities | 8,209,420 | 2,120,000 | ||||||
| Effect of exchange rate fluctuations on cash and cash equivalents | 8,878 | (2,937 | ) | |||||
| Net change in cash and cash equivalents | 818,865 | 573,024 | ||||||
| Cash and cash equivalents, beginning of the period | 928,796 | 79,847 | ||||||
| Cash and cash equivalents, end of the period | $ | 1,747,661 | $ | 652,871 | ||||
| Supplemental disclosure of cash flow information | ||||||||
| Interest paid | $ | 111,105 | $ | 140,180 | ||||
| Income taxes paid | 3,896 | - | ||||||
| Supplemental disclosure of non-cash investing and financing activities | ||||||||
| Shares issued for conversion of notes payable – related party | $ | 6,220,003 | $ | - | ||||
| Shares issued in connection with acquisition | 3,550,000 | - | ||||||
| Elimination of related party derivative liabilities | 8,754,538 | - | ||||||
| Derivative liabilities recorded as debt discounts of convertible notes | 10,199,749 | - | ||||||
| Conversion of note payable and accrued interest into common stock | - | 187,037 | ||||||
| Warrants issued with note payable | - | 70,130 | ||||||
| 在已結束的六個月中 | ||||||||
| 10月31日， | 10月31日， | |||||||
| 2021 | 2020 | |||||||
| （未經審計） | （未經審計） | |||||||
| 來自經營活動的現金流 | ||||||||
| 淨虧損 | $ | (42,260,669 | ) | $ | (3,898,152 | ) | ||
| 爲使淨虧損與經營活動中使用的淨現金相一致而進行的調整： | ||||||||
| 攤銷費用 | 131,958 | - | ||||||
| 衍生品公允價值變動的收益 | (9,130,913 | ) | - | |||||
| 與服務相關的股票和認股權證 | 1,417,728 | 183,845 | ||||||
| 基於股份的薪酬 | 32,569,112 | - | ||||||
| 債務消滅造成的損失 | 7,096,730 | 1,432,820 | ||||||
| 誘發的轉換損耗 | - | 51,412 | ||||||
| 債務折扣的攤銷 | 2,650,285 | 286,251 | ||||||
| 發行可轉換票據虧損 | 3,689,369 | - | ||||||
| 運營資產和負債的變化： | ||||||||
| 應收賬款，淨額 | (84,262 | ) | (353,505) | ) | ||||
| 庫存，淨額 | (4,886,227 | ) | (993,049 | ) | ||||
| 預付費用和其他流動資產 | (422,119 | ) | 110,455 | |||||
| 應付賬款和應計費用 | 3,256,234 | 327,579 | ||||||
| 應計工資和獎金 | (72,659 | ) | 361,608 | |||||
| 遞延收入 | (28,289 | ) | 630,148 | |||||
| 應計利息-關聯方 | 74,289 | 316,549 | ||||||
| 用於經營活動的淨現金 | (5,999,433 | ) | (1,544,039 | ) | ||||
| 來自投資活動的現金流 | ||||||||
| 應收票據發行 | (1,400,000 | ) | - | |||||
| 用於投資活動的淨現金 | (1,400,000 | ) | - | |||||
| 來自融資活動的現金流量 | ||||||||
| 可轉換票據的收益 | 11,000,000 | - | ||||||
| 與可轉換應付票據相關的債務發行成本 | (800,251 | ) | - | |||||
| 應付票據的收益——關聯方 | 1,000,000 | 2,000,000 | ||||||
| 應付票據的還款——關聯方 | (1,000,000 | ) | - | |||||
| 償還應付票據 | (2,000,000 | ) | - | |||||
| 應付票據的收益 | - | 12萬 | ||||||
| 其他籌資活動 | 9,671 | - | ||||||
| 融資活動提供的淨現金 | 8,209,420 | 2,120,000 | ||||||
| 匯率波動對現金和現金等價物的影響 | 8,878 | (2,937 | ) | |||||
| 現金和現金等價物的淨變化 | 818,865 | 573,024 | ||||||
| 期初的現金和現金等價物 | 928,796 | 79,847 | ||||||
| 期末的現金和現金等價物 | $ | 1,747,661 | $ | 652,871 | ||||
| 現金流信息的補充披露 | ||||||||
| 支付的利息 | $ | 111,105 | $ | 140,180 | ||||
| 繳納的所得稅 | 3,896 | - | ||||||
| 非現金投資和融資活動的補充披露 | ||||||||
| 爲轉換應付票據而發行的股份——關聯方 | $ | 6,220,003 | $ | - | ||||
| 因收購而發行的股票 | 3,550,000 | - | ||||||
| 消除關聯方衍生品負債 | 8,754,538 | - | ||||||
| 以可轉換票據的債務折扣形式記錄的衍生負債 | 10,199,749 | - | ||||||
| 將應付票據和應計利息轉換爲普通股 | - | 187,037 | ||||||
| 附有應付票據的認股權證 | - | 70,130 | ||||||
Non-GAAP Financial Measures
非公認會計准則財務指標
In addition to our financial information presented in accordance with GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. We use the following non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. The non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business, which it includes in press releases announcing quarterly financial results, including this press release.
除了根據公認會計原則提供的財務信息外，我們還認爲以下非公認會計准則財務指標可用於評估我們的經營業績。我們共同使用以下非公認會計准則財務指標來評估我們的持續運營以及用於內部規劃和預測目的，包括編制年度運營預算和季度預測，評估業務戰略的有效性，並就我們的財務業績與董事會溝通。我們認爲，非公認會計准則財務指標與相應的公認會計准則財務指標一起使用可能會對投資者有所幫助，因爲它們排除了某些可能無法表明我們的業務、經營業績或前景的項目，從而提供與過去財務業績的一致性和可比性，以及有關我們業績的有意義的補充信息。非公認會計准則財務指標僅供補充信息之用，作爲分析工具存在侷限性，不應單獨考慮，也不應作爲根據公認會計原則提供的財務信息的替代品，可能與其他公司使用的標題相似的非公認會計准則財務指標不同。此外，其他公司，包括我們行業的公司，可能會以不同的方式計算標題相似的非公認會計准則財務指標，或者可能使用其他衡量標準來評估其業績，所有這些都可能降低我們的非公認會計准則財務指標作爲比較工具的用處。鼓勵投資者審查相關的GAAP財務指標以及這些非公認會計准則財務指標與其最直接可比的GAAP財務指標的對賬情況，不要依賴任何單一的財務指標來評估我們的業務，該指標包含在宣佈季度財務業績的新聞稿中，包括本新聞稿。
We define non-GAAP operating income (loss) as the respective GAAP measure, excluding expenses related to share-based compensation, shares and warrants issued in connection of services, amortization of acquired intangible assets, and acquisition-related expenses.
我們將非公認會計准則營業收入（虧損）定義爲相應的GAAP指標，不包括與基於股份的薪酬、與服務相關的股票和認股權證、收購的無形資產的攤銷以及收購相關費用相關的支出。
We define non-GAAP net income (loss) as GAAP net income (loss), excluding items used to calculate non-GAAP operating income (loss), as well as other non-cash items, including gains/losses related to:
我們將非公認會計准則淨收益（虧損）定義爲GAAP淨收益（虧損），不包括用於計算非公認會計准則營業收入（虧損）的項目，以及其他非現金項目，包括與以下內容相關的收益/虧損：
- The extinguishment of debt; the amortization of debt discounts; inducement of conversions of equity; the change in the value of derivatives that are marked-to-market quarterly; the issuance of convertible notes.
- 債務的清償；債務折扣的攤銷；激勵股權轉換；按季度按市值計價的衍生品價值的變化；可轉換票據的發行。
| Reconciliation of GAAP to Non-GAAP Operating Loss | 2Q21 | 2Q20 | YTD FY21 | YTD FY20 |
| GAAP Operating Loss | ($35.1) | ($0.2) | ($37.6) | ($1.7) |
| Excluding: | ||||
| Share-based compensation | $32.4 | - | $32.6 | - |
| Shares and warrants issued in connection with services | $0.8 | $0.1 | $1.4 | $0.1 |
| Amortization of acquired intangible assets | $0.1 | - | $0.1 | - |
| Acquisition-related expenses | $1.0 | - | $1.0 | - |
| Non-GAAP Operating Loss | ($0.8) | ($0.1) | ($2.5) | ($1.6) |
| GAAP 與非 GAAP 營業虧損的對賬 | 2Q21 | 2Q20 | 21 財年年初至今 | 20 財年年初至今 |
| GAAP 營業虧損 | (35.1 美元) | (0.2 美元) | (37.6 美元) | （1.7 美元） |
| 不包括： | ||||
| 基於股份的薪酬 | 32.4 美元 | - | 32.6 美元 | - |
| 與服務相關的股票和認股權證 | 0.8 美元 | 0.1 美元 | 1.4 美元 | 0.1 美元 |
| 收購的無形資產的攤銷 | 0.1 美元 | - | 0.1 美元 | - |
| 收購相關費用 | 1.0 美元 | - | 1.0 美元 | - |
| 非公認會計准則營業虧損 | (0.8 美元) | (0.1 美元) | （2.5 美元） | (1.6 美元) |
| Reconciliation of GAAP to Non-GAAP Net Loss and Loss Per Share | 2Q21 | 2Q20 | YTD FY21 | YTD FY20 |
| GAAP Net Loss | ($38.8) | ($2.5) | ($42.3) | ($3.9) |
| Excluding the Following Other Expenses (Income): | ||||
| Amortization of debt discounts | $2.6 | $0.1 | $2.7 | $0.3 |
| Loss on extinguishment of debt | $2.0 | $2.0 | $7.1 | $1.4 |
| Induced conversion loss | - | $0.1 | - | $0.1 |
| Gain on change in fair value of derivatives | ($4.8) | - | ($9.1) | - |
| Loss on issuance of convertible notes | $3.7 | - | $3.7 | - |
| Excluding the Following Operating Expenses: | ||||
| Share-based compensation | $32.4 | - | $32.6 | - |
| Shares and warrants issued in connection with services | $0.8 | $0.1 | $1.4 | $0.1 |
| Amortization of acquired intangible assets | $0.1 | - | $0.1 | - |
| Acquisition-related expenses | $1.0 | - | $1.0 | - |
| Non-GAAP net loss | ($1.1) | ($0.2) | ($2.8) | ($2.0) |
| Non-GAAP loss per share | ($0.03) | ($0.01) | ($0.08) | ($0.07) |
| GAAP 與非 GAAP 淨虧損和每股虧損的對賬 | 2Q21 | 2Q20 | 21 財年年初至今 | 20 財年年初至今 |
| GAAP 淨虧損 | (38.8 美元) | （2.5 美元） | (42.3 美元) | （3.9 美元） |
| 不包括以下其他費用（收入）： | ||||
| 債務折扣的攤銷 | 2.6 美元 | 0.1 美元 | 2.7 美元 | 0.3 美元 |
| 債務消滅造成的損失 | 2.0 美元 | 2.0 美元 | 7.1 美元 | 1.4 美元 |
| 誘發的轉換損耗 | - | 0.1 美元 | - | 0.1 美元 |
| 衍生品公允價值變動的收益 | (4.8 美元) | - | (9.1 美元) | - |
| 發行可轉換票據虧損 | 3.7 美元 | - | 3.7 美元 | - |
| 不包括以下運營費用： | ||||
| 基於股份的薪酬 | 32.4 美元 | - | 32.6 美元 | - |
| 與服務相關的股票和認股權證 | 0.8 美元 | 0.1 美元 | 1.4 美元 | 0.1 美元 |
| 收購的無形資產的攤銷 | 0.1 美元 | - | 0.1 美元 | - |
| 收購相關費用 | 1.0 美元 | - | 1.0 美元 | - |
| 非公認會計准則淨虧損 | (1.1 美元) | (0.2 美元) | (2.8 美元) | （2.0 美元） |
| 非公認會計准則每股虧損 | (0.03 美元) | (0.01 美元) | (0.08 美元) | (0.07 美元) |
譯文內容由第三人軟體翻譯。