Yangaroo Announces Q1'2023 Results
Yangaroo Announces Q1'2023 Results
The Advertising Division increased delivery volumes and sales on a per customer basis which is a positive sign of a market recovery in advertising creative production and campaign volumes. The Awards Division results were marginally down compared to this time in the prior-year, however, the result attributed to the timing of our award show customers and we expect to recover and exceed prior-year Awards Division revenue in 2023. The Music Division revenue was down, on a year-over-year basis, mostly due to fewer new music video deliveries by the major record labels. Music audio deliveries were relatively flat on a year-over-year basis. Consecutive Quarterly Positive Normalized EBITDA
連續季度正值歸一化EBITDA
Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - YANGAROO Inc. (TSXV: YOO) (OTC Pink: YOOIF) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the first quarter ended March 31, 2023. The full text of the Financial Statements and Management Discussion & Analysis is available at and at . Please note that all currency in this press release is denominated in United States dollars, unless otherwise noted.
安大略省多倫多-(Newsfile Corp.-2023年5月30日)-YANGAROO Inc.(TSXV：YOO)(場外粉色：YOOIF)(楊加魯人“，”公司“)，媒體資產工作流程和分銷解決方案的軟體領導者，今天公佈了截至2023年3月31日的第一季度財務業績。財務報表和管理層討論與分析的全文可在和在。請注意，本新聞稿中的所有貨幣都以美元計價，除非另有說明。
We are pleased to report that the first quarter is off to a positive start for 2023. The first quarter of 2023 showed significant advancements with respect to operating income and cash-flow generation, as compared to prior-year quarter losses, and improved sales volume and revenue, when adjusted for seasonality. Although sales were down on a year-on-year basis, each division is showing positive signs of recovery from a challenging previous 12-months.
我們高興地報告，2023年第一季度開局良好。與去年同期的虧損相比，2023年第一季度在營業收入和現金流產生方面取得了顯著進展，經季節性調整後，銷售額和收入有所改善。儘管銷售額同比下降，但每個部門都顯示出從前12個月充滿挑戰的復甦中復甦的積極跡象。
The Advertising Division increased delivery volumes and sales on a per customer basis which is a positive sign of a market recovery in advertising creative production and campaign volumes. The Awards Division results were marginally down compared to this time in the prior-year, however, the result attributed to the timing of our award show customers and we expect to recover and exceed prior-year Awards Division revenue in 2023. The Music Division revenue was down, on a year-over-year basis, mostly due to fewer new music video deliveries by the major record labels. Music audio deliveries were relatively flat on a year-over-year basis.
廣告司在每個客戶的基礎上增加了投遞量和銷售額，這是廣告創意製作和活動數量市場復甦的積極跡象。與前一年同期相比，頒獎部門的業績略有下降，但這一結果歸因於我們的頒獎典禮客戶的時機，我們預計2023年頒獎部門的收入將恢復並超過上年。音樂部門的收入同比下降，主要是因為主要唱片公司交付的新音樂視頻減少。與去年同期相比，音樂音頻的交付量相對持平。
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Advertising Division
Revenue of $1,434,590 in Q1'23 versus revenue of $1,466,655 in Q1'22
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Entertainment Group (Music & Awards Divisions)
Revenue of $410,663 in Q1'23 versus revenue of $522,387 in Q1'22
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廣告部
23年第1季度的收入為1,434,590美元，而22年第1季度的收入為1,466,655美元
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娛樂集團(音樂和獎項部門)
23年第1季度的收入為410,663美元，而22年第1季度的收入為522,387美元
Grant Schuetrumpf, CEO of Yangaroo, commented, "We are encouraged by the progress made in stabilizing our business after a challenging 2022, as reflected in the consecutive and sequential quarters of Normalized EBITDA generation. Moreover, we have observed modest improvements in business development and sales opportunities compared to the same period in the previous year. With a cautious and realistic approach, we remain committed to carefully capitalizing on these prospects to foster steady growth in the future.
Yanaroo首席執行官Grant Schuetrampf表示：“我們對在經歷了具有挑戰性的2022年之後在穩定業務方面取得的進展感到鼓舞，這反映在標準化EBITDA世代的連續和連續的季度。此外，我們觀察到與去年同期相比，業務發展和銷售機會略有改善。我們將以謹慎和現實的方式，繼續致力於謹慎利用這些前景，以促進未來的穩定增長。
"To drive new revenues across our divisions, we have taken a measured and realistic approach to capture the new opportunities. With the Advertising Division, we have expanded our solution to include TV Legal Clearance, Analytics, increased post-production capabilities, and overall platform improvements and other technology integrations. We expect this expansion to create greater opportunities. For the Music Division, we acknowledge the volume challenges faced in early Q1'23, specifically with large record-label music video releases. However, we are pleased to note an improvement in volume towards the end of the quarter. We remain dedicated to developing the music division and enhancing the user experience to maximize their music promotion opportunities. Furthermore, our Award Shows Division is actively working on completing the new Awards technology, which will enable us to offer a comprehensive solution to a broader market, thereby extending our reach and potential."
為了推動我們各部門的新收入，我們採取了一種慎重和現實的方法來抓住新的機會。通過廣告事業部，我們擴展了我們的解決方案，包括電視法律審查、分析、增強的後期製作能力、整體平臺改進和其他技術集成。我們預計這一擴張將創造更大的機會。對於音樂部門，我們承認23年第一季度初面臨的音量挑戰，特別是大型唱片公司發佈的音樂視頻。然而，我們高興地注意到，在接近季度末的時候，銷量有所改善。我們繼續致力於發展音樂部門和提升用戶體驗，以最大限度地增加他們的音樂推廣機會。此外，我們的獎項表明該部門正在積極努力完成新的Awards技術，這將使我們能夠向更廣泛的市場提供全面的解決方案，從而擴大我們的覆蓋範圍和潛力。“
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Operating Expenses and Normalized EBITDA
The Company completed additional head-count reductions in the current quarter and incurred restructuring expenses of $138,513. Continued reductions in head-count resulted in a salary expenses of $1,233,466 or a savings of $563,071 versus the first quarter of 2022.
Technology, production, and marketing and promotional expenses continued to decline with savings of $103,177 versus the first quarter of 2022 resulting from continued efforts to reduce over-head expenditures.
Second consecutive quarter of significant Normalized EBITDA; the Company generated $116,143 of Normalized EBITDA in Q1'23 and $833,974 of Normalized EBITDA in Q4'22.
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運營費用和標準化EBITDA
該公司在本季度完成了進一步的裁員，並產生了138,513美元的重組費用。繼續減少人數導致薪金支出1233466美元，與2022年第一季度相比節省563 071美元。
由於繼續努力減少管理費用，技術、生產、營銷和促銷費用繼續下降，與2022年第一季度相比節省了103,177美元。
連續第二個季度實現顯著的規格化EBITDA；公司在23年第一季度產生了116,143美元的規格化EBITDA，在4‘22季度產生了833,974美元的規格化EBITDA。
Dom Kizek, CFO of Yangaroo, commented, "We continued to right-size the business in the first quarter of 2023 with the implementation of an additional restructuring round. This included another round of head-count reductions and elimination of non-core over-head expenditures. Additionally, we generated strong positive EBITDA for the second consecutive quarter and continue to be focused on generating strong cash-flows and EBITDA on a go forward basis."
Yanaroo首席財務官多姆·基澤克評論說：“2023年第一季度，我們通過實施新一輪重組，繼續調整業務規模。這包括新一輪的裁員和非核心管理支出的消除。此外，我們連續第二個季度產生強勁的正EBITDA，並繼續專注於產生強勁的現金流和未來的EBITDA。”
Looking into the remainder of 2023, Yangaroo remains focused on executing its growth strategy, expanding its customer base, and continuing to invest in its platform. While the advertising and entertainment markets remain unstable and uncertain, the Company is well-positioned to capitalize on organic and non-organic growth opportunities.
展望2023年的剩餘時間，Yanaroo仍然專注於執行其增長戰略，擴大客戶基礎，並繼續投資於其平臺。雖然廣告和娛樂市場仍然不穩定和不確定，但該公司處於有利地位，可以利用有機和非有機的增長機會。
Q1'2023 Financial Highlights
2023年第一季度財務亮點
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Revenue in Q1'2023 was $1,845,253 compared to $2,097,353 and $1,989,042 in the fourth quarter of 2022 and the first quarter of 2022, respectively.
Revenue decreased by $252,100 or 12% versus Q4'2022. The decrease in revenue was due to lower Advertising revenue with a decrease of $85,306 or 6%, and by lower Music and Awards revenue with a decrease of $166,794 or 29%. The decrease in Advertising revenue is attributed to seasonality with the prior fourth quarter typically being the highest volume and spend period while the first quarter of the year is typically much lower volume period. The decrease in Music revenue is also primarily attributed to seasonality as the first quarter is typically a slower period for independent artists and music labels. The decline in Awards revenue is primarily attributed to cyclicality in our customer's award show schedules which typically peak in the summer periods.
Revenue decreased by $143,789 or 7% versus Q1'2022. The decrease in revenue is primarily attributed to lower Advertising revenue of $32,066 or 2% as well as decreased Awards and Music revenue of $111,724 or 21%. The primary factors affecting advertising sales in the current quarter were an expectation of a recession in the United States and Canada, which adversely impacts our customers' marketing and advertising budgets, inflationary environment adversely impacting consumer spending power, and the macro-environment and supply chain issues adversely impacting inventory in the automotive and other manufacturing industries. The decline in Awards revenue is primarily attributed to structural changes to award show schedules resulting from a COVID-19 to a post-COVID-19 environment.
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Operating expenses in Q1'2023 were $2,100,123 compared to $1,426,919 and $2,492,222 in the fourth quarter of 2022 and the first quarter of 2022, respectively.
Operating expenses increased by $673,204 or 47% versus Q4'2022. The increase in operating expenses is primarily attributed to significantly higher salaries and related costs partially off-set by lower legal and professional services fees. The increase in salaries and related costs is primarily attributed to one-time employment tax credit of approximately $538,019 that the Company recognized in the fourth quarter of 2022. This employment tax-credit is non-recurring and we expect to collect the full proceeds by the end of the second half of 2023.
Operating expenses decreased by $392,099 or 16% versus Q1'2022. The decrease in operating expenses is primarily attributed to a reduction of employee headcount, enacted primarily in the first half of 2022, which is fully realized in 2023, and a continued focus on lower marketing and technology spend as part of the Company's cash saving measures. Savings in salaries, technology, and marketing expenditures were off set by higher legal and professional fees related to ongoing acquisition and restructuring matters.
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Normalized EBITDA in Q1'2023 was $116,143 in comparison to normalized EBITDA of $833,974 in the fourth quarter of 2022 and normalized EBITDA loss of $259,847 in the first quarter of 2022.
Normalized EBITDA decreased by $717,831 compared to Q4'2022. The decrease is primarily attributed to the lower Advertising revenues, primarily attributed to seasonality and lower customer volumes, and significantly higher operating expenses, primarily attributed to previous quarter's employment tax credit recognition.
Normalized EBITDA increased by $375,990 compared to Q1'2022. The increase is primarily attributed to significantly lower operating expenses, primarily attributed to reduced salaries and marketing and technology costs, as discussed in further detail above.
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2023年第一季度的收入為1,845,253美元，而2022年第四季度和2022年第一季度的收入分別為2,097,353美元和1,989,042美元。
收入與2022年第四季度相比下降了252,100美元，降幅為12%。收入減少是由於廣告收入減少85,306美元或6%，以及音樂和大獎收入減少166,794美元或29%。廣告收入的下降歸因於季節性，前四季度通常是銷量和支出最高的時期，而今年第一季度通常是銷量低得多的時期。音樂收入的下降也主要歸因於季節性，因為對於獨立藝術家和唱片公司來說，第一季度通常是一個較慢的時期。頒獎收入的下降主要歸因於我們客戶的頒獎典禮日程安排的週期性，通常在夏季達到頂峰。
與2022年第一季度相比，收入下降了143,789美元，降幅為7%。收入減少的主要原因是廣告收入減少32,066美元或2%，以及獎項和音樂收入減少111,724美元或21%。影響本季度廣告銷售的主要因素是對美國和加拿大經濟衰退的預期，這對我們客戶的營銷和廣告預算造成不利影響，通脹環境對消費者購買力產生不利影響，以及宏觀環境和供應鏈問題對汽車和其他製造業的庫存產生不利影響。頒獎典禮收入下降的主要原因是，從新冠肺炎到後新冠肺炎環境，頒獎典禮日程發生了結構性變化。
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2023年第一季度的運營費用為2,100,123美元，而2022年第四季度和2022年第一季度的運營費用分別為1,426,919美元和2,492,222美元。
與2022年第四季度相比，運營費用增加了673,204美元，增幅為47%。業務費用增加的主要原因是薪金和相關費用大幅增加，部分抵消了法律和專業服務費用下降的影響。工資及相關成本的增加主要歸因於公司在2022年第四季度確認的約538,019美元的一次性就業稅收抵免。這項就業稅收抵免是非經常性的，我們預計在2023年下半年底之前收取全部收益。
與2022年第一季度相比，運營費用減少了392,099美元，降幅為16%。運營費用的減少主要歸因於主要在2022年上半年實施的員工人數減少，並將於2023年全面實現，以及作為公司現金節約措施的一部分，繼續專注於降低營銷和技術支出。工資、技術和營銷支出的節省被與正在進行的收購和重組相關的更高的法律和專業費用所抵消。
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2023年第一季度的正常化EBITDA為116,143美元，而2022年第四季度的正常化EBITDA為833,974美元，2022年第一季度的正常化EBITDA虧損為259,847美元。
與2022年第四季度相比，標準化EBITDA減少了717,831美元。這一下降主要歸因於廣告收入下降，主要歸因於季節性和客戶數量減少，以及運營費用大幅上升，主要歸因於上一季度的就業稅收抵免。
與2022年第一季度相比，標準化EBITDA增加了375,990美元。增加的主要原因是業務費用大幅降低，這主要是由於薪金以及營銷和技術費用減少，如上文進一步詳細討論的那樣。
Financial Highlights
財務亮點
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Q1 2023 |
Q4 2022 |
Q3 2022 |
Q2 2022 |
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| Cash and cash equivalents | $ | 204,604 | $ | 296,748 | $ | 346,744 | $ | 607,289 | ||||
| Working capital (deficiency) | $ | (224,819 | ) | $ | 217,710 | $ | (1,701,222 | ) | $ | (1,517,889 | ) | |
| Liquidity | $ | 781,378 | $ | 737,680 | $ | 639,320 | $ | 1,033,533 | ||||
| Revenue | $ | 1,845,253 | $ | 2,097,353 | $ | 1,733,140 | $ | 1,915,307 | ||||
| Operating expenses | $ | 2,100,123 | $ | 1,426,919 | $ | 1,987,591 | $ | 2,259,186 | ||||
| Other expenses (income) | $ | 109,749 | $ | 148,123 | $ | (109,995 | ) | $ | (2,133,145 | ) | ||
| Income (loss) for the period | $ | (364,619 | ) | $ | 522,311 | $ | (144,456 | ) | $ | 1,789,266 | ||
| EBITDA | $ | (13,324 | ) | $ | 816,075 | $ | 108,087 | $ | 2,047,149 | |||
| EBITDA Margin % | -0.72% | 38.91% | 6.24% | 106.88% | ||||||||
| Normalized EBITDA (loss) | $ | 116,143 | $ | 833,974 | $ | 2,205 | $ | (42,766 | ) | |||
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Normalized EBITDA Margin % |
6.29% | 39.76% | 0.13% | -2.23% |
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Q1 2023年年 |
問題4 2022年 |
Q3 2022年 |
Q2 2022年 |
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| 現金和現金等價物 | $ | 204,604 | $ | 296,748 | $ | 346,744 | $ | 607,289 | ||||
| 營運資金(不足) | $ | (224,819 | ) | $ | 217,710 | $ | (1,701,222 | ) | $ | (1,517,889 | ) | |
| 流動性 | $ | 781,378 | $ | 737,680 | $ | 639,320 | $ | 1033,533 | ||||
| 收入 | $ | 1845,253 | $ | 2097,353 | $ | 1733,140 | $ | 1915,307 | ||||
| 運營費用 | $ | 2,100,123 | $ | 1426,919 | $ | 1987,591 | $ | 2259,186 | ||||
| 其他費用(收入) | $ | 109,749 | $ | 148,123 | $ | (109,995 | ) | $ | (2,133,145 | ) | ||
| 當期收入(虧損) | $ | (364,619 | ) | $ | 522,311 | $ | (144,456) | ) | $ | 1,789,266 | ||
| EBITDA | $ | (13,324 | ) | $ | 816,075 | $ | 108,087 | $ | 2047,149 | |||
| EBITDA利潤率% | -0.72% | 38.91% | 6.24% | 106.88% | ||||||||
| 歸一化EBITDA(虧損) | $ | 116,143 | $ | 833,974 | $ | 2205 | $ | (42,766 | ) | |||
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歸一化EBITDA 利潤率% |
6.29% | 39.76% | 0.13% | -2.23% |
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Q1 2022 |
Q4 2021 |
Q3 2021 |
Q2 2021 |
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| Cash and cash equivalents | $ | 783,159 | $ | 768,251 | $ | 1,271,871 | $ | 1,036,381 | ||||
| Working capital | $ | (1,649,976 | ) | $ | 911,861 | $ | 1,985,484 | $ | 1,996,580 | |||
| Liquidity | $ | 1,862,483 | $ | 2,148,594 | $ | 2,645,390 | $ | 2,448,355 | ||||
| Revenue | $ | 1,989,042 | $ | 2,305,594 | $ | 2,429,867 | $ | 1,759,691 | ||||
| Operating expenses | $ | 2,492,222 | $ | 2,611,535 | $ | 2,405,178 | $ | 1,659,981 | ||||
| Other expenses (income) | $ | 94,395 | $ | 24,783 | $ | (33,797 | ) | $ | 147,983 | |||
| Income (loss) for the period | $ | (597,575 | ) | $ | (330,724 | ) | $ | 58,486 | $ | (48,273 | ) | |
| EBITDA | $ | (340,172 | ) | $ | (99,125 | ) | $ | 329,554 | $ | 92,454 | ||
| EBITDA Margin % | -17.10% | -4.30% | 13.56% | 5.25% | ||||||||
| Normalized EBITDA (loss) | $ | (259,847 | ) | $ | (164,899 | ) | $ | 338,404 | $ | 528,285 | ||
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Normalized EBITDA (loss) Margin % |
-13.06% | -7.15% | 13.93% | 30.02% |
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Q1 2022年 |
問題4 2021年 |
Q3 2021年 |
Q2 2021年 |
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| 現金和現金等價物 | $ | 783,159 | $ | 768,251 | $ | 1271,871 | $ | 1,036,381 | ||||
| 營運資本 | $ | (1649,976) | ) | $ | 911,861 | $ | 1985,484 | $ | 1996,580 | |||
| 流動性 | $ | 1862,483 | $ | 2,148,594 | $ | 2645,390 | $ | 2,448,355 | ||||
| 收入 | $ | 1989,042 | $ | 2,305,594 | $ | 2429,867 | $ | 1759,691 | ||||
| 運營費用 | $ | 2492,222 | $ | 2611535 | $ | 2,405,178 | $ | 1659,981 | ||||
| 其他費用(收入) | $ | 94,395 | $ | 24,783 | $ | (33,797 | ) | $ | 147,983 | |||
| 當期收入(虧損) | $ | (597,575 | ) | $ | (330,724) | ) | $ | 58,486 | $ | (48,273) | ) | |
| EBITDA | $ | (340,172 | ) | $ | (99,125 | ) | $ | 329,554 | $ | 92,454 | ||
| EBITDA利潤率% | -17.10% | -4.30% | 13.56% | 5.25% | ||||||||
| 歸一化EBITDA(虧損) | $ | (259,847 | ) | $ | (164,899 | ) | $ | 338,404 | $ | 528,285 | ||
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歸一化EBITDA(虧損) 利潤率% |
-13.06% | -7.15% | 13.93% | 30.02% |
About YANGAROO
關於揚加羅
Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralised and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralised digital asset management, delivery and promotion. DMDS is used across the advertising, music, and entertainment awards show markets.
Yanaroo是媒體和娛樂行業的技術提供商，提供基於雲的軟體平臺，用於管理和分發數位媒體內容。Yanaroo的數位媒體分發系統(“DMDS”)平臺是一個獲得專利的基於雲的平臺，為客戶提供直接連接廣播和電視廣播公司、數位顯示網路和視頻出版商的集中和完全集成的工作流程，以實現集中的數位資產管理、交付和推廣。DMDS廣泛應用於廣告、音樂和娛樂頒獎典禮市場。
YANGAROO Inc. is a publicly listed company incorporated on July 28, 1999 under the laws of Ontario as Musicrypt.com Inc. and changed to its present name on July 17, 2007. YANGAROO trades on the TSX Venture Exchange ("TSX-V") under the symbol YOO and in the U.S. under OTC Pink: YOOIF.
YANGAROO Inc.是一家上市公司，於1999年7月28日根據安大略省的法律註冊為Musicinkt.com Inc.，並於2007年7月17日更名為現在的名稱。YANGAROO在多倫多證券交易所創業板(“TSX-V”)的交易代碼為YOO，在美國的交易代碼為OTC PINK：YOOIF。
The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 3G1.
該公司公司辦公室和主要營業地點的地址是：安大略省多倫多Dufferin Street 360，Suite 203，郵編：M6K 3G1。
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For YANGAROO Investor Inquiries:
Dom Kizek
Ph: (416) 534 0607 #162
dom.kizek@yangaroo.com
對於YANGAROO投資者諮詢：
多姆·基澤克
電話：(416)534 0607#162
郵箱：dom.kizek@yangaroo.com
Neither the 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 accuracy of this release.
多倫多證券交易所創業板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)均不對本新聞稿的準確性承擔責任。
Cautionary Note Regarding Forward-looking Statements
有關前瞻性陳述的注意事項
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.
本新聞稿包含適用於加拿大證券法的某些前瞻性陳述和前瞻性資訊(在此統稱為“前瞻性陳述”)。除有關當前或歷史事實的陳述外，所有陳述均為前瞻性陳述。前瞻性陳述常常但不總是通過使用諸如“預期”、“實現”、“可能”、“相信”、“計劃”、“打算”、“目標”、“持續”、“持續”、“估計”、“展望”、“預期”、“可能”、“將”、“專案”、“應該”或類似的詞語，包括其否定，來確定未來的結果。
Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the technology industry. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
前瞻性陳述會受到已知和未知風險、不確定因素和其他因素的影響，其中許多風險、不確定因素和其他因素不是YANGAROO所能控制的，這些因素可能會導致YANGAROO的實際結果、活動水準、業績或成就與此類前瞻性陳述明示或暗示的結果大不相同，這些風險包括但不限於：發售所得資金的使用、收到對發售的所有必要批准、一般業務、經濟、競爭、政治和社會不確定性；談判不確定性以及技術行業的其他風險。儘管YANGAROO試圖確定可能導致實際結果與前瞻性陳述中包含的結果大不相同的重要因素，但可能還有其他因素導致結果與預期、估計或預期的結果不同。
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
前瞻性陳述不是對未來業績的保證，涉及許多風險和不確定因素，本文對其中一些風險和不確定因素進行了描述。此類前瞻性表述必然涉及已知和未知的風險和不確定因素，這可能會導致揚加羅的實際業績和結果與此類前瞻性表述明示或暗示的對未來業績或結果的任何預測大不相同。任何前瞻性陳述都是自本新聞稿發佈之日起作出的，除非法律另有要求，否則揚加羅和揚加羅均不承擔公開更新或修改此類陳述以反映新資訊的義務，無論是後續資訊還是其他資訊。
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。
