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Novra Announces Financial Results for the First Six Months of 2023

Novra Announces Financial Results for the First Six Months of 2023

諾夫拉公佈2023年前六個月的財務業績
newsfile ·  2023/08/31 05:00

Winnipeg, Manitoba--(Newsfile Corp. - August 30, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") has released its financial results for the six months ended June 30, 2023. All amounts are in Canadian dollars unless otherwise noted.

馬尼託巴省溫尼伯-(Newsfile Corp.-2023年8月30日)-Novra Technologies Inc.(TSXV:NVI)(OTCQB:NVRVF)(以下簡稱Novra)公佈了截至2023年6月30日的6個月的財務業績。除非另有說明,所有金額均以加元計算。

Novra is pleased to announce our revenue improved significantly in Q2 compared to the previous quarter and our current healthy product inventory levels are allowing us to ship many of our new orders from stock. We expect to deliver the remainder of our significant backlog brought into this year in the second half of 2023.

Novra很高興地宣佈,與上一季度相比,我們第二季度的收入有了顯著改善,我們目前健康的產品庫存水準使我們能夠從庫存中發運許多新訂單。我們預計將在2023年下半年交付今年帶來的大量積壓的剩餘部分。

Net Income loss for the 6-month period improved by 44% or $375 thousand compared to a loss of $850 thousand in 2022. An 11% reduction in operating costs made a significant contribution to this improvement. In the most recent quarter, Novra's Adjusted EBITDA(1) was positive $85 thousand. We continue to aggressively manage expenses and adjust expenditures in response to market conditions and expect operating expenses to continue to trend lower.

與2022年虧損85萬美元相比,這6個月的淨收益虧損改善了44%,即37萬5千美元。運營成本降低了11%,對這一改善做出了重大貢獻。在最近一個季度,Novra的調整後EBITDA(1)是8萬5千美元。我們繼續積極管理支出,並根據市場狀況調整支出,預計運營費用將繼續呈下降趨勢。

Novra currently has more than $2.7 million in cash deposits and cashable guaranteed investment certificates (GICs), providing a large pool of liquid funds. While actively controlling costs, we are also investing prudently in developing the technologies and products needed to meet the future requirements of current and new customers. As part of this effort, we were recently awarded a US patent for new technology that harnesses our experience in image processing to tackle the challenge of remote collaboration. We are in the process of refining the design for manufacture and exploring applications for this new technology.

Novra目前擁有超過270萬美元的現金存款和可兌現的擔保投資證書(GIC),提供了大量的流動資金池。在積極控制成本的同時,我們也在謹慎投資,開發滿足現有和新客戶未來需求所需的技術和產品。作為這一努力的一部分,我們最近獲得了一項新技術的美國專利,該技術利用我們在圖像處理方面的經驗來應對遠端協作的挑戰。我們正在完善用於製造的設計,並探索這項新技術的應用。

We continue to see pent up demand in our markets. Infrastructure replacements will be necessary due to technology obsolescence, aging equipment, and new business requirements. However, this is countered by the economic uncertainty, rising interest rates and contracting availability of capital that are leading some of our large clients to delay investments in their infrastructures. Novra has been able to compensate for this in 2023, achieving slightly higher revenue and much improved customer diversity, through sales to a broad range of smaller customers. Our top 10 customers in this period last year drove 84% of total revenue - this year our top 10 customers drove just 59% of total revenue.

我們繼續看到我們的市場上被壓抑的需求。由於技術過時、設備老化和新的業務需求,基礎設施更換將是必要的。然而,經濟不確定性、利率上升和資本可獲得性收縮,導致我們的一些大客戶推遲了對其基礎設施的投資,這與此形成了反差。Novra在2023年能夠彌補這一點,通過向廣泛的小客戶銷售,實現了略高的收入和極大的客戶多樣性。去年同期,我們排名前十的客戶貢獻了總收入的84%,而今年,排名前十的客戶僅貢獻了總收入的59%。

An important component of our R&D strategy over the last three years has been the continued development of the MISTiQ platform for cloud-based distribution of content, which we provide as a service. We are also expanding our software products-including Datacast XD content management and distribution-into the Software as a Service (SaaS) model. This recurring-revenue model is increasingly popular with customers who don't have to invest upfront in software, and it's part of our approach to our ongoing strategic goal of generating a more consistent revenue base. In a project-based business like Novra's this offers the advantage of smoothing out inconsistent revenues. The work we've done and our substantial R&D investment over the past several years is paying off as we book more and more service business, including the recent selection by two major Canadian broadcasters of MISTiQ for their cloud-based content distribution.

在過去三年中,我們研發戰略的一個重要組成部分是繼續開發Mistiq平臺,用於基於雲的內容分發,我們將其作為服務提供。我們還將我們的軟體產品--包括數據廣播XD內容管理和分發--擴展到軟體即服務(SaaS)模式。這種經常性收入模式越來越受到那些不必預先投資於軟體的客戶的歡迎,這是我們實現持續戰略目標的一部分,我們的戰略目標是產生更穩定的收入基礎。在Novra這樣以專案為基礎的業務中,這提供了消除不穩定收入的優勢。隨著我們預訂了越來越多的服務業務,包括最近兩家加拿大主要廣播公司選擇Mistiq進行基於雲的內容分發,我們在過去幾年所做的工作和我們大量的研發投資得到了回報。

See more financial highlights in the chart below.

更多財務亮點見下表。

(In Thousands)
Three Months Ended June 30,

Period Ended June 30,


2023

2022

% Chg

2023

2022

% Chg
Revenue by type:
















Products $ 836
$ 1,954

-57%
$ 1,319
$ 2,458

-46%
Services
1,356

384

253%

1,960

809

142%
Total revenue
2,192

2,338

-6%

3,279

3,267

0%
Gross profit
887

1170

-24%

1582

1,518

4%
Gross margin
40.5%

50.0%



48.3%

46.5%

Operating expenses
1,005

1,228

-18%

2,056

2,311

-11%
Operating income (loss)
(118)

(58)

103%

(474)

(793)

-40%
Other income (expenses)
(32)

(34)

-6%

(1)

(58)

-98%
Net income (loss) as reported under IFRS $ (150)
$ (92)

63%
$ (475)
$ (850)

-44%
Adjusted EBITDA - non-IFRS measure (1) $ 85
$ 274

-69%
$ (156)
$ (131)

19%
(單位:千)
截至6月30日的三個月,

截至6月30日的期間,


2023年年

2022

更改百分比

2023年年

2022

更改百分比
按類型劃分的收入:
















產品 $ 836
$ 1954

-57%
$ 1,319
$ 2458

-46%
服務
1,356

384

253%

1960

八百零九

142%
總收入
2192

2338

-6%

3,279

3267

0%
毛利
887

1170

-24%

1582

1,518

百分之四
毛利率
40.5%

50.0%



48.3%

46.5%

運營費用
1,005

1228

-18%

2,056

2311

-11%
營業收入(虧損)
(118)

(58)

103%

(474)

(793)

-40%
其他收入(費用)
(32)

(34)

-6%

(1)

(58)

-98%
根據國際財務報告準則報告的淨收益(虧損) $ (150)
$ (92)

63%
$ (475)
$ (850)

-44%
調整後的EBITDA-非國際財務報告準則計量(1) $ 85
$ 二百七十四

-69%
$ (156)
$ (131)

19%

(1) Refer to the Management's Discussion & Analysis ("MD&A") for a reconciliation of Adjusted EBITDA to Net Income (loss) as reported under IFRS.

(1)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。

Amounts in the table may not reconcile due to rounding differences.

由於舍入差異,表中的金額可能無法對帳。

"We are happy to see positive trends in Novra's results and to have diversified our customer base to compensate for interruptions in some of our key customers' infrastructure investments, which result from the challenges of current global conditions and shifts in their markets. At the same time, we are also focussed on developing products and services that will help our customers, new and old, to survive and thrive in their current challenging markets. Our customer-proven subscription services, financing options, and flexible, cost-effective products are all targeted to address customers' key technical requirements and business needs. Our primary focus continues to be on enabling the success of our clients though our products, services, technical expertise and partnership," said Harris Liontas, President & CEO.

我們很高興在Novra的業績中看到積極的趨勢,並使我們的客戶基礎多樣化,以彌補我們一些主要客戶基礎設施投資的中斷,這些中斷是由於當前全球形勢和他們市場變化的挑戰造成的。同時,我們還專注於開發產品和服務,幫助我們的新老客戶在當前充滿挑戰的市場中生存和發展。我們經過客戶驗證的訂閱服務、融資選項以及靈活、經濟實惠的產品都旨在滿足客戶的關鍵技術要求和業務需求。我們的主要重點仍然是通過我們的產品、服務、技術專長和合作夥伴關係使我們的客戶取得成功。“總裁首席執行官哈裡斯·利昂塔斯說。

For additional details on Novra's results and outlook for the six months ended June 30, 2023, please refer to our MD&A and Consolidated Financial Statements, which are available on SEDAR+ ().

有關Novra截至2023年6月30日的六個月的業績和展望的更多詳細資訊,請參閱我們的MD&A和綜合財務報表,這些報表可在SEDAR+()上查閱。

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應用而聞名,包括:廣播視頻和廣播、數位電影、數位標牌和高度可靠的數據通信。

For more information visit: .

有關更多資訊,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", "scheduled to", "in the process of", "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 under the "Risks and Uncertainties" section of Novra's 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。前瞻性陳述一般可通過“預期”、“預期”、“相信”、“打算”、“估計”、“預測”、“展望”、“機會”、“勢頭”、“潛力”、“目標”、“計劃”、“可能的”、“積極的跡象”、“期待”、“預定的”、“正在進行的”、“正在準備”、“正在開始”等詞語來識別,以及類似的表述,或事件、條件或結果“將”的表述,“可能”、“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性在Novra的MD&A的“風險和不確定”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。

# # #

###

CONTACT FOR NOVRA:

Novra的聯繫人:

Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com

哈裡斯·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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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