Novra Announces 2021 Financial Results
Novra Announces 2021 Financial Results
NM - Not meaningfulWinnipeg, Manitoba--(Newsfile Corp. - May 2, 2022) - Novra Technologies Inc. (TSXV: NVI) ("Novra") has announced its financial results for the year ended December 31, 2021. All amounts are in Canadian dollars unless otherwise noted.
馬尼託巴省温尼伯-(Newsfile Corp.-2022年5月2日)-Novra Technologies Inc.(TSXV：NVI)(以下簡稱Novra)宣佈了截至2021年12月31日的年度財務業績。除非另有説明，所有金額均以加元計算。
2021 Consolidated Financial Results
2021年綜合財務業績
Novra's 2021 financial results improved significantly over the previous year. The company returned to profitability on a consolidated basis and our Net Income improved by more than $2.6 million over 2020. This year-over-year improvement was driven by a combination of a 45% increase in revenue, to $7.2 million, and significant reductions in operating costs.
Novra的2021年財務業績比前一年有了顯著改善。公司在合併的基礎上恢復了盈利，我們的淨收入比2020年增加了260多萬美元。這一同比增長得益於收入增長45%，達到720萬美元，以及運營成本的大幅降低。
| (In Thousands) | Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||
| 2021 | 2020 | % Chg | 2021 | 2020 | % Chg | |||||||||||||
| Revenue by type: | ||||||||||||||||||
| Products | $ | 1,025 | $ | 1,116 | -8% | $ | 5,606 | $ | 2,690 | 108% | ||||||||
| Services | 484 | 558 | -13% | 1,600 | 2,289 | -30% | ||||||||||||
| Total revenue | 1,509 | 1,674 | -10% | 7,206 | 4,979 | 45% | ||||||||||||
| Gross profit | 569 | 631 | -10% | 3,329 | 2,398 | 39% | ||||||||||||
| Gross margin | 37.7% | 37.7% | 46.2% | 48.2% | ||||||||||||||
| Operating expenses | 279 | 1,201 | -77% | 3,999 | 5,147 | -22% | ||||||||||||
| Operating income (loss) | 290 | (570 | ) | NM | (670 | ) | (2,749 | ) | -76% | |||||||||
| Other income (expenses) | (62 | ) | (179 | ) | -65% | 850 | 323 | 163% | ||||||||||
| Net income loss as reported under IFRS | 227 | (749 | ) | NM | 180 | (2,426 | ) | NM | ||||||||||
| Adjusted EBITDA - non-IFRS measure (2) | $ | 594 | $ | (116 | ) | NM | $ | 1,494 | $ | (921 | ) | NM | ||||||
| (單位：千) | 截至12月31日的三個月， | 截至十二月三十一日止的年度： | ||||||||||||||||
| 2021 | 2020 | 更改百分比 | 2021 | 2020 | 更改百分比 | |||||||||||||
| 按類型劃分的收入： | ||||||||||||||||||
| 產品 | $ | 1,025 | $ | 1,116 | -8% | $ | 5,606 | $ | 2,690 | 108% | ||||||||
| 服務 | 484 | 558 | -13% | 1,600 | 2,289 | -30% | ||||||||||||
| 總收入 | 1,509 | 1,674 | -10% | 7,206 | 4,979 | 45% | ||||||||||||
| 毛利 | 569 | 631 | -10% | 3,329 | 2,398 | 39% | ||||||||||||
| 毛利率 | 37.7% | 37.7% | 46.2% | 48.2% | ||||||||||||||
| 運營費用 | 279 | 1,201 | -77% | 3,999 | 5,147 | -22% | ||||||||||||
| 營業收入(虧損) | 290 | (570 | ) | NM | (670 | ) | (2,749 | ) | -76% | |||||||||
| 其他收入(費用) | (62 | ) | (179 | ) | -65% | 850 | 323 | 163% | ||||||||||
| 根據《國際財務報告準則》報告的淨收益損失 | 227 | (749 | ) | NM | 180 | (2,426 | ) | NM | ||||||||||
| 調整後的EBITDA-非國際財務報告準則計量(2) | $ | 594 | $ | (116 | ) | NM | $ | 1,494 | $ | (921 | ) | NM | ||||||
NM - Not meaningful
(1) Amounts in the table may not reconcile due to rounding differences.
(2) Refer to the Management's Discussion & Analysis ("MD&A") for a reconciliation of Adjusted EBITDA to Net Income (loss) as reported under IFRS.
NM--沒有意義
(1)表中的金額可能因四捨五入差異而不能對賬。
(2)參考管理層的討論與分析(“MD&A”)，將調整後的EBITDA與IFRS報告的淨收益(虧損)進行對賬。
The significant increase in revenue, coupled with a 22% reduction in operating expenses, resulted in adjusted EBITDA(2) of $1.49 million for the year, an improvement of more than $2.4 million over 2020. This indicates a substantial improvement in the results of Novra's core operating activities.
收入的顯著增長，加上運營費用減少22%，導致調整後的EBITDA(2)全年增加149萬美元，比2020年增加了240多萬美元。這表明Novra的核心經營活動的結果有了實質性的改善。
Continued global supply chain and transport disruptions have prevented us from achieving the significant profits we were targeting for 2021. Our Net Income of $180 thousand and adjusted EBITDA of $1.49 million would have been much higher if we had been able to ship over $4 million in orders that we received in 2021 and originally expected to deliver before the end of the year.
持續的全球供應鏈和運輸中斷阻礙了我們實現2021年的鉅額利潤目標。如果我們能夠發貨超過400萬美元的訂單，我們的淨收入為18萬美元，調整後的EBITDA為149萬美元，這些訂單是我們在2021年收到的，最初預計在年底前交付。
Fortunately, continued diligent work with our suppliers and partners to aggressively manage these supply chain disruptions and delivery challenges has resulted in increased confidence in the timelines to deliver our significant backlog in 2022. However, these issues will continue to affect lead-times to deliver new orders we may receive through at least the next few quarters, particularly orders for custom or unstocked products.
幸運的是，我們與供應商和合作夥伴繼續勤奮工作，積極管理這些供應鏈中斷和交付挑戰，從而增強了人們對2022年交付大量積壓訂單的時間表的信心。然而，這些問題將繼續影響交付新訂單的交貨期，至少在未來幾個季度我們可能會收到新訂單，特別是定製或無庫存產品的訂單。
Gross profit for the current year was slightly lower at 46.2%, a reduction of 2% compared to 2020. This reduction resulted from the rising input costs that have been felt by manufacturers around the world, coupled with changes in our product/service mix. We adjusted pricing of certain products in 2021 in response to those cost increases.
本年度的毛利略有下降，為46.2%，較2020年減少2%。這一減少是由於世界各地的製造商感受到的投入成本的上升，以及我們產品/服務組合的變化。我們在2021年調整了某些產品的定價，以應對成本上漲。
Due to on-going global geo-political and public health situations, we expect continued volatility in our revenue and income over the next several quarters as these continue to impact on our clients and the economy in general. Novra currently has an order backlog of approximately $5.9 million and at December 31, 2021 we had more than $1.3 million in deferred revenue. Together these provide some visibility into future revenue for 2022 and beyond.
由於持續不斷的全球地緣政治和公共衞生形勢，我們預計未來幾個季度我們的收入和收入將繼續波動，因為這些將繼續影響我們的客户和整體經濟。Novra目前有大約590萬美元的積壓訂單，截至2021年12月31日，我們有超過130萬美元的遞延收入。總而言之，這些因素為2022年及以後的未來收入提供了一些可見性。
"Although I am disappointed that supply chain disruptions prevented us from reporting significant profits, I am grateful and appreciative of our clients for their patience and understanding during these very challenging times. We take very seriously their trust in us and our products to deliver their mission critical services. Our positive results for 2021, plus our current backlog and deferred revenue, are indicative of this trust. We are constantly monitoring and taking action, as we operate in the age of COVID-19 and now the Ukrainian war, to enable us to deliver our products to our clients in a timely manner," said Harris Liontas, President and CEO.
總裁兼首席執行官哈里斯·利亞塔斯表示：“雖然我對供應鏈中斷導致我們無法公佈豐厚利潤感到失望，但我感謝並讚賞我們的客户在這一非常具有挑戰性的時期對我們的耐心和理解。我們非常重視他們對我們和我們的產品的信任，以提供他們的關鍵任務服務。我們2021年的積極業績，加上我們目前的積壓和遞延收入，表明了這種信任。我們正在不斷監測並採取行動，因為我們在新冠肺炎時代和現在的烏克蘭戰爭中運營，使我們能夠及時將我們的產品交付給客户，”總裁兼首席執行官哈里斯·利亞塔斯説。
For additional details on Novra's results and outlook for the year ended December 31, 2021, please refer to our MD&A and the audited Consolidated Financial Statements, which are available on SEDAR ().
有關Novra截至2021年12月31日的年度業績和展望的更多詳細信息，請參閲我們的MD&A和經審計的綜合財務報表，這些報表可在SEDAR()上查閲。
About Novra Technologies Inc.:
關於Novra Technologies Inc.：
Novra (TSXV: NVI) (OTCQB: NVRVF) is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra Group of companies includes Novra Technologies Inc, International Datacasting Corporation, and Wegener Corporation. The companies in the group are known for a strong focus on applications including: broadcast video and radio, digital cinema, digital signage, and highly reliable data communications.
Novra(多倫多證券交易所股票代碼：NVI)(OTCQB：NVRVF)是多媒體寬帶內容分發產品、系統和服務的國際技術提供商。Novra集團公司包括Novra Technologies Inc.、國際數據廣播公司和Wegener公司。該集團的公司以專注於廣播視頻和廣播、數字電影、數字標牌和高度可靠的數據通信等應用而聞名。
For more information visit:
有關更多信息，請訪問：
Forward-Looking Statements:
前瞻性陳述：
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws, concerning but not limited to: our profitability outlook, the pending acquisition of Wegener, and anticipated developments in our operations in future periods. Forward-looking statements are generally identifiable by words such as "expect", "anticipate", "believe", "intend", "estimate", "predict", "outlook", "opportunity", "momentum", "potential", "targeted", "plans" "possible", "positive indication for", "looking forward to", "getting ready to", "is starting to", and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. As such, forward-looking statements are not historical facts but reflect our current assumptions and expectations regarding future events. These are subject to a number of risk and uncertainties that could cause actual results or events to differ materially from current expectations and assumptions. Some of these risks and uncertainties are described herein under the "Risks and Uncertainties" section of the MD&A.
本新聞稿包含適用於加拿大證券法的“前瞻性陳述”，涉及但不限於：我們的盈利前景、即將進行的對韋格納公司的收購，以及我們未來業務的預期發展。前瞻性陳述一般可以通過“預期”、“預期”、“相信”、“打算”、“估計”、“預測”、“展望”、“機會”、“勢頭”、“潛力”、“有針對性的”、“計劃”、“可能的”、“積極的跡象”、“期待”、“準備好”、“正在開始”等詞語，以及類似的表述，或事件、條件或結果“將”、“可能”、“可能”的表述，“可能”或“應該”發生或實現。因此，前瞻性陳述不是歷史事實，而是反映了我們目前對未來事件的假設和預期。這些都受到一些風險和不確定性的影響，這些風險和不確定性可能導致實際結果或事件與當前預期和假設大不相同。其中一些風險和不確定因素在本文MD&A的“風險和不確定因素”一節中進行了描述。
For the above reasons, readers are cautioned not to place undue reliance on forward-looking statements.
基於上述原因，提醒讀者不要過度依賴前瞻性陳述。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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)均不對本新聞稿的充分性或準確性承擔責任。
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CONTACT FOR NOVRA:
Novra的聯繫人：
Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com
哈里斯·利昂塔斯
總裁兼首席執行官
+1 204 989 4632
郵箱：hliontas@novra.com
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。