AirIQ Announces March 31, 2023 Year End Results Reports Seventh Consecutive Year of Recurring Revenue Growth
AirIQ Announces March 31, 2023 Year End Results Reports Seventh Consecutive Year of Recurring Revenue Growth
TORONTO, ON / ACCESSWIRE / July 13, 2023 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT based asset management solutions for over 25 years, today announced its financial results for the year ended March 31, 2023, reporting its seventh consecutive year of recurring revenue growth.
安大略省多倫多/ACCESSWIRE/2023 年 7 月 13 日 /AiriQ Inc.(“AiriQ”)(TSXV: IQ)是基於物聯網的資產管理解決方案領域超過25年的領導者,今天公佈了截至2023年3月31日的年度財務業績,連續第七年實現經常性收入增長。
"We are very pleased to report that recurring revenue increased by 13% compared to the previous year." said Mike Robb, President and Chief Executive Officer of AirIQ. "The Company has reported recurring revenue growth for the seventh straight year representing an increase of over 100% during that period. The Company's growth in recurring revenues has provided a strong base for future growth and profitability for our shareholders".
AiriQ總裁兼首席執行官Mike Robb說:“我們很高興地向大家報告,經常性收入與去年相比增長了13%。”“公司連續第七年報告經常性收入增長,同期增長超過100%。公司經常性收入的增長爲我們的股東的未來增長和盈利能力提供了堅實的基礎”。
"Over the past seven years - we have been consistently profitable and generated positive cash flows from operations, which has allowed us to recognize a deferred tax asset of almost $3 million dollars, adding an additional $0.10 net income per share to our shareholders", continued Mr. Robb.
羅伯繼續說:“在過去的七年中,我們一直保持盈利,並從運營中創造了正現金流,這使我們能夠確認近300萬美元的遞延所得稅資產,爲股東增加了每股淨收入0.10美元。”
"In addition, during the quarter the Company successfully completed an acquisition which resulted in an additional $300,000 of annual recurring revenue and represents an acquisition cost of less than 1x. We believe this acquisition will continue to drive recurring revenue growth in future periods and will continue to provide increased shareholder value", continued Mr. Robb.
“此外,在本季度中,公司成功完成了收購,每年經常性收入增加了30萬美元,收購成本不到1倍。我們相信,此次收購將繼續推動未來時期的經常性收入增長,並將繼續增加股東價值”,Robb先生繼續說道。
Other achievements during the quarter included increases of 27% in hardware revenues, 16% in total revenues, 13% in gross profit and 52% in net income before tax", said Mike Robb, President and Chief Executive Officer of AirIQ.
AiriQ總裁兼首席執行官邁克·羅伯說,本季度的其他成就包括硬件收入增長27%,總收入增長16%,毛利增長13%,稅前淨收入增長52%。
All dollar amounts set out herein are in Canadian dollars.
此處列出的所有美元金額均以加元爲單位。
Highlights for the year are as follows:
今年的亮點如下:
Annual Highlights (for the year ended March 31, 2023 compared to March 31, 2022):
年度亮點(截至2023年3月31日的年度與2022年3月31日相比):
- Recurring revenue of $3,951,177 increased by 13% or $447,389 compared to $3,503,788 for the prior year. Recurring revenue represented 78% of total revenue compared to 80% in the prior year period.
- Hardware and other revenue of $1,098,115 increased by 27% or $232,344 compared to $865,771 for the prior year. Hardware revenue represented 22% of total revenue compared to 20% in the prior year period.
- Total revenue of $5,049,292 increased by 16% or $679,733 compared to $4,369,559 for the prior year period.
- Gross profit of $3,036,095 increased by 13% or $356,898 compared to $2,679,197 for the prior year period.
- Net income of $3,693,440 increased 551% or $3,126,667 compared to $566,773 for the prior year period. Excluding the one-time deferred tax recovery of $2,830,204, net income of $863,236 increased 52% or $296,463 compared to $566,773 for the prior year period.
- Cash and cash equivalents balance of $2,176,143 increased by 15% or $276,635 compared to $1,899,508 for the prior year period.
- Working capital of $2,748,240 increased by 27% or $580,735 compared to $2,167,505 for the prior year period.
- 經常性收入爲3,951,177美元,增長了13%,達到447,389美元,而去年同期爲3,503,788美元。經常性收入佔總收入的78%,而去年同期爲80%。
- 硬件和其他收入爲1,098,115美元,增長了27%,達到232,344美元,而去年同期爲865,771美元。硬件收入佔總收入的22%,而去年同期爲20%。
- 總收入爲5,049,292美元,增長了16%,達到679,733美元,而去年同期爲4,369,559美元。
- 毛利爲3,036,095美元,增長了13%,達到356,898美元,而去年同期爲2679,197美元。
- 淨收入爲3,693,440美元,增長了551%,達到3,126,667美元,而去年同期爲566,773美元。不包括一次性遞延所得稅回收額2,830,204美元,淨收入爲863,236美元,與去年同期的566,773美元相比增長了52%,達到296,463美元。
- 與去年同期的1,899,508美元相比,現金及現金等價物餘額爲2,176,143美元,增長了15%,達到276,635美元。
- 營運資金爲2748,240美元,增長了27%,合580,735美元,而去年同期爲2,167,505美元。
Fourth Quarter Highlights:
第四季度亮點:
- Recurring revenue of $1,050,903 increased by 12% or $111,158 compared to $939,745 for same quarter in the prior year and increased by 6% or $60,413 compared to $990,490 from the prior quarter.
- Net income of $157,432 for the quarter (excluding the one-time deferred tax recovery of $2,830,000) increased by 111% or $82,675 compared to $74,757 for the same quarter in the prior year.
- 經常性收入爲1,050,903美元,與去年同期的939,745美元相比增長了12%,達到111,158美元,與上一季度的990,490美元相比,增長了6%,即60,413美元。
- 本季度淨收入爲157,432美元(不包括283萬美元的一次性遞延所得稅回收額)增長了111%,即82,675美元,而去年同期爲74,757美元。
Business Review
商業評論
Deferred Tax Assets
遞延所得稅資產
Deferred tax assets of $2,948,000 were recognized at March 31, 2023 (March 31, 2022 - $nil) because it was deemed probable that the Company will generate future taxable profits against which the assets will be realized. This led to a one-time adjustment of $2,830,204 deferred income tax recovery to be recognized on the income statement.
截至2023年3月31日(2022年3月31日——零美元)確認了294.8萬美元的遞延所得稅資產,因爲人們認爲公司很可能會產生未來的應納稅利潤,用於變現資產。這導致一次性調整了2,830,204美元的遞延所得稅退稅額,以便在損益表中確認。
Intangibles - Customer Contracts
無形資產-客戶合同
During the year ended March 31, 2023, the Company has acquired customer lists from a former reseller of the Company through the settlement of trade receivables in the amount of $312,394 (March 31, 2022 - $nil), which was recognized as the value of the intangible asset.
在截至2023年3月31日的年度中,公司通過結算312,394美元(2022年3月31日——零美元)的貿易應收賬款,從公司的一家前經銷商手中收購了客戶名單,該應收賬款被確認爲無形資產的價值。
Normal Course Issuer Bid
普通課程發行人出價
The Company filed a Notice of Intention to Make a Normal Course Issuer Bid (the "Bid") with the TSX Venture Exchange ("TSXV") commencing June 6, 2022 and ending on June 5, 2023. Pursuant to the Bid, the Company proposed to purchase through the facilities of the TSXV up to 1,468,379 common shares, representing approximately 5% of the then issued and outstanding common shares of the Company. The Company's broker for the Bid is Hampton Securities Limited.
公司向多倫多證券交易所風險投資交易所(“TSXV”)提交了打算從2022年6月6日開始到2023年6月5日結束的普通路線發行人競標(“競標”)的通知。根據競標,公司提議通過多倫多證券交易所的融資購買多達1,468,379股普通股,約佔公司當時已發行和流通普通股的5%。該公司競標的經紀人是漢普頓證券有限公司。
During the year ended March 31, 2023, the Company purchased 360,500 common shares for cancellation under the Bid for a total of $97,539 or $0.27 per common share (March 31, 2022 - 507,000 common shares were purchased for cancellation for a total of $144,414 or $0.28 per common share), plus an additional $984 in broker fees were paid for the repurchase of the shares (March 31, 2022 - $2,856).
在截至2023年3月31日的年度中,公司通過競標購買了360,500股普通股進行註銷,總額爲97,539美元,合每股普通股0.27美元(2022年3月31日——購買了50.7萬股普通股進行註銷,總額爲144,414美元,合每股普通股0.28美元),另外還爲回購股票支付了984美元的經紀費(2022年3月31日——2,856美元)。
During the year ended March 31, 2022, Normal Course Issuer Bid repurchases were made pursuant a bid filed with the TSXV for the period commencing April 13, 2021 and ending on April 12, 2022. The Company's broker for this bid was also Hampton Securities Limited.
在截至2022年3月31日的年度中,普通課程發行人的出價回購是根據向多倫多證券交易所提交的自2021年4月13日起至2022年4月12日止期間的競標進行的。本次競標的公司經紀人也是漢普頓證券有限公司。
Stock Option Plan
股票期權計劃
On September 15, 2022, the Company granted options to key staff in the aggregate up to 850,000 common shares in the capital of the Company at an exercise price of $0.27 per share. These options have a term of ten years, vest over four years from the date of grant; 25% the first year and 6.25% each quarter thereafter and will expire on September 15, 2032. The Company also granted options to two Board members in the aggregate up to 150,000 common shares at an exercise price of $0.27 per share. These options have a term of ten years and vest over a one-year period with 25% being vested each quarter from the date of grant.
2022年9月15日,公司以每股0.27美元的行使價向主要員工授予了總共85萬股公司資本普通股的期權。這些期權的期限爲十年,自授予之日起四年內歸屬;第一年爲25%,此後每季度歸還6.25%,將於2032年9月15日到期。公司還以每股0.27美元的行使價向兩名董事會成員授予了總額不超過15萬股普通股的期權。這些期權的期限爲十年,爲期一年,自授予之日起,每季度歸屬25%。
No options were granted during the year ended March 31, 2022.
在截至2022年3月31日的年度內,沒有授予任何期權。
Subsequent Events
後續事件
Normal Course Issuer Bid
普通課程發行人出價
Subsequent to March 31, 2023, on June 23, 2023, the Company announced the renewal of its normal course issuer bid to purchase up to 1,468,379 common shares representing 5% of the Company's then current issued and outstanding common shares through the facilities of the TSXV during the period commencing June 23, 2023 and ending on June 22, 2024 (the "Renewal Bid"). As of July 12, 2023, the Company has not repurchased any shares for cancellation pursuant to the Renewal Bid.
繼2023年3月31日之後,公司於2023年6月23日宣佈延續其發行人的正常出價,即在2023年6月23日起至2024年6月22日結束的期間,通過多倫多證券交易所的融資購買多達1,468,379股普通股,佔公司當時已發行和流通普通股的5%(“續訂競標”)。截至2023年7月12日,公司尚未根據續約競標回購任何股票進行註銷。
As of the time of issuance of this press release, the Company has a total of 29,367,574 common shares issued and outstanding.
截至本新聞稿發佈時,公司已發行和流通的普通股共計29,367,574股。
SELECTED ANNUAL INFORMATION
Financial Highlights
In thousands of Canadian Dollars
年度精選信息
財務要聞
以千加元計
Year ended | Year ended | Year ended | ||||||||||
31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | ||||||||||
Recurring revenues |
$ | 3,951 | $ | 3,504 | $ | 3,189 | ||||||
Hardware and other revenues |
$ | 1,098 | $ | 866 | $ | 519 | ||||||
Total revenues |
$ | 5,049 | $ | 4,370 | $ | 3,708 | ||||||
Gross profit |
$ | 3,036 | $ | 2,679 | $ | 2,494 | ||||||
Gross profit margin % |
60 | % | 61 | % | 67 | % | ||||||
Expenses (1)
|
$ | 1,885 | $ | 1,770 | $ | 1,551 | ||||||
EBITDAS (2)
|
$ | 1,151 | $ | 909 | $ | 943 | ||||||
Other expenses (3)
|
$ | 288 | $ | 342 | $ | 494 | ||||||
Deferred tax recovery |
$ | 2,830 | - | - | ||||||||
Total net income |
$ | 3,693 | $ | 567 | $ | 449 | ||||||
Income per share, basic |
$ | 0.13 | $ | 0.02 | $ | 0.02 | ||||||
Income per share, diluted |
$ | 0.12 | $ | 0.01 | $ | 0.01 |
年底已結束 | 年底已結束 | 年底已結束 | ||||||||||
2023 年 3 月 31 日 | 2022 年 3 月 31 日 | 2021 年 3 月 31 日 | ||||||||||
經常性收入 |
$ | 3,951 | $ | 3,504 | $ | 3,189 | ||||||
硬件和其他收入 |
$ | 1,098 | $ | 866 | $ | 519 | ||||||
總收入 |
$ | 5,049 | $ | 4,370 | $ | 3,708 | ||||||
毛利 |
$ | 3,036 | $ | 2,679 | $ | 2,494 | ||||||
毛利率% |
60 | % | 61 | % | 67 | % | ||||||
開支 (1)
|
$ | 1,885 | $ | 1,770 | $ | 1,551 | ||||||
未計利息 (2)
|
$ | 1,151 | $ | 909 | $ | 943 | ||||||
其他開支 (3)
|
$ | 288 | $ | 342 | $ | 494 | ||||||
遞延稅收回收 |
$ | 2830 | - | - | ||||||||
淨收入總額 |
$ | 3,693 | $ | 567 | $ | 449 | ||||||
基本每股收入 |
$ | 0.13 | $ | 0.02 | $ | 0.02 | ||||||
攤薄後每股收益 |
$ | 0.12 | $ | 0.01 | $ | 0.01 |
- Excludes share-based compensation and foreign exchange.
- EBITDAS represents earnings before interest and non-cash items: depreciation and amortization, impairment of long-lived assets and share-based compensation.
- Includes non-cash notional charges such as interest, depreciation and amortization, share-based expense and a one-time gain on deferred tax assets.
- 不包括基於股份的薪酬和外匯。
- 息稅折舊攤銷前利潤代表扣除利息和非現金項目的收益:折舊和攤銷、長期資產減值和基於股份的薪酬。
- 包括非現金名義費用,例如利息、折舊和攤銷、基於股份的支出和遞延所得稅資產的一次性收益。
Overview
概述
The Company's audited consolidated financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
該公司經審計的合併財務報表包括AiriQ及其子公司AiriQ U.S. Holdings, Inc.、AiriQ U.S., Inc.和AiriQ, LLC的賬目。合併後,所有公司間餘額和交易均已清除。
Financial Statements & MDA
財務報表和 MDA
The Company's audited consolidated financial statements for the years ended March 31, 2023 and 2022 including notes thereto, and Management's Discussion and Analysis for the same period are being filed with the Canadian securities regulatory authorities on today's date and will be available on the Company's website () and on the System for Electronic Document Analysis and Retrieval ("SEDAR") website (). The Company's financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
公司截至2023年3月31日和2022年3月31日止年度經審計的合併財務報表,包括其附註,以及管理層同期的討論與分析,將於今天提交加拿大證券監管機構,並將在公司網站 () 和電子文件分析與檢索系統 (“SEDAR”) 網站 () 上公佈。該公司的財務報表包括AiriQ及其子公司AiriQ U.S. Holdings, Inc.、AiriQ U.S., Inc.和AiriQ, LLC的賬目。合併後,所有公司間餘額和交易均已清除。
About AirIQ
關於 AirIQ
AirIQ (TSXV:IQ) is celebrating it's 26th anniversary of its founding in 1997 and is a pioneer in IoT based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The Company develops iOS and Android mobile and web-based applications, and cloud-based solutions that stand-alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery powered solution for non-powered assets. For additional information on AirIQ please visit the Company's website at or follow us on LinkedIn, Facebook, and Twitter and Instagram.
AiriQ (TSXV: IQ) 正在慶祝已經 26 歲了第四 成立於 1997 年,是基於物聯網的資產管理解決方案的先驅。AiriQ 的解決方案使商業企業能夠近乎實時地可靠、有效和高效地監控資產。該公司開發iOS和Android移動和基於網絡的應用程序,以及獨立或可以輕鬆與現有軟件集成的基於雲的解決方案。AiriQ 解決方案支持混合車隊,利用多種硬件選項提供車隊報告、維護、合規、安全和分析,包括完全集成的視頻遠程信息處理攝像頭解決方案和用於非動力資產的電池供電解決方案。有關 AiriQ 的更多信息,請訪問公司的網站或在 LinkedIn、Facebook、Twitter 和 Instagram 上關注我們。
Forward-looking Statements
前瞻性陳述
This news release contains forward-looking information based on management's best estimates and the current operating environment. These forward-looking statements are related to, but not limited to, AirIQ's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains statements with words such as "hope", "goal", "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including AirIQ's perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements are as of the date which such statement is made and are subject to a number of known and unknown risks, uncertainties and other factors, which could cause actual results or events to differ materially from future results expressed, anticipated or implied by such forward-looking statements. Such factors include, but are not limited to, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Therefore, actual outcomes may differ materially from those expressed in such forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Other than as may be required by law, AirIQ disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of such information, future events or otherwise.
本新聞稿包含基於管理層最佳估計和當前運營環境的前瞻性信息。這些前瞻性陳述與但不限於AiriQ的運營、預期的財務業績、業務前景和戰略有關。前瞻性信息通常包含帶有 “希望”、“目標”、“預期”、“相信”、“期望”、“計劃” 等詞語的陳述或暗示未來結果的類似詞語。這些陳述基於前瞻性陳述中反映的在得出結論或做出預測或預測時所採用的某些重要因素或假設,包括AiriQ對歷史趨勢、當前狀況和預期未來發展的看法,以及管理層認爲適合情況的其他因素。此類前瞻性陳述自此類陳述發表之日起生效,受許多已知和未知的風險、不確定性和其他因素的影響,這些因素可能導致實際業績或事件與此類前瞻性陳述所表達、預期或暗示的未來業績存在重大差異。這些因素包括但不限於市場和競爭的變化、技術和競爭的發展以及總體經濟狀況的潛在衰退。因此,實際結果可能與此類前瞻性陳述中表達的結果存在重大差異。提供前瞻性陳述的目的是提供有關管理層當前預期和未來計劃的信息。提醒讀者,此類信息可能不適用於其他目的。除法律要求外,AiriQ不打算或義務更新或修改任何此類前瞻性陳述,無論是由於此類信息、未來事件還是其他原因。
For more information please contact:
欲瞭解更多信息,請聯繫:
AirIQ Inc.,
Michael Robb, President and Chief Executive Officer,
(905) 831-6444
mrobb@airiq.com
AiriQ Inc.,
邁克爾·羅布,總裁兼首席執行官
(905) 831-6444
mrobb@airiq.com
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投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險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。
SOURCE: AirIQ Inc.
來源: AiriQ Inc.
譯文內容由第三人軟體翻譯。