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California Nanotechnologies Announces Q2 2024 Results

California Nanotechnologies Announces Q2 2024 Results

加州納米技術公司公佈2024年第二季度業績
newsfile ·  2023/10/31 06:30
  • Record quarterly revenue of US$686K representing 152% YOY increase
  • Strong profitability with net income of US$214K and EBITDA1 of US$279K
  • Mr. Chris Melnyk, a material science leader, joins Board of Directors
  • 創紀錄的季度收入為68.6萬美元,同比增長152%
  • 強大的盈利能力,淨收入為21.4萬美元,EBITDA1279,000美元
  • 材料科學領袖克裡斯·梅爾尼克先生加入董事會

Los Angeles, California--(Newsfile Corp. - October 30, 2023) - California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) ("Cal Nano" or the "Company") is pleased to announce record quarterly revenues of US$685,931 for the quarter ending August 31, 2023. This represents an increase of 152% compared to the same period last year. Net income for the quarter was US$213,674 compared to a net loss of US$26,496 in the same period last year, while EBITDA1 was US$279,308, compared to US$49,437 in the same period last year. Net income and EBITDA1 showed significant improvements due to higher revenue generation, a higher gross margin, and improving efficiencies at the current scale of operations. The financial statements are available on SEDAR+ at and on the Company's website.

加利福尼亞州洛杉磯--(Newsfile Corp.-2023年10月30日)-加利福尼亞納米技術公司(多倫多證券交易所股票代碼:CNO)(場外交易市場代碼:CANOF)(“Cal Nano”或“公司”)高興地宣佈,截至2023年8月31日的季度收入達到創紀錄的685,931美元。這與去年同期相比增長了152%。該季度淨收益為213,674美元,而去年同期淨虧損26,496美元,EBITDA1279,308美元,而去年同期為49,437美元。淨收入和EBITDA1在當前的運營規模下,由於更高的收入、更高的毛利率和更高的效率,顯示出顯著的改善。財務報表可在SEDAR+上查閱,也可在公司網站上查閱。

"As previously disclosed, we have made significant progress in this fiscal year, achieving record revenues this quarter," stated CEO Eric Eyerman. "While this quarter stands as one of our strongest yet, I am excited about the ongoing growth opportunities. We are in the process of evaluating several options to facilitate the expansion of our manufacturing capacity, which would be desirable if demand for our services continues to increase. I look forward to updating everyone on our future progress."

首席執行官埃裡克·艾爾曼表示:“正如之前披露的那樣,我們在本財年取得了重大進展,本季度實現了創紀錄的收入。”雖然本季度是我們最強勁的季度之一,但我對正在進行的增長機會感到興奮。我們正在評估幾個促進我們製造能力擴大的選擇,如果對我們服務的需求繼續增加,這將是可取的。我期待著向每個人通報我們未來的進展。

The increase in revenue for Q2/FY2024 was attributed to the ongoing ramp-up of R&D manufacturing programs for new and existing customers, with the largest account continuing to be the green steel cleantech company. Gross margin and profitability were higher due to operational efficiencies and because there were no equipment sales during the quarter. It is anticipated that profitability will fluctuate over time as the Company invests in overhead expenses in advance of capacity expansion and business development.

2024財年第二季度收入的增長歸因於針對新客戶和現有客戶的研發製造計劃的持續加強,其中最大的客戶仍然是綠色鋼鐵清潔技術公司。毛利率和盈利能力較高,這是因為運營效率較高,而且本季度沒有設備銷售。預計盈利能力將隨著時間的推移而波動,因為公司在產能擴張和業務發展之前投資於管理費用。

While Cal Nano continues to prioritize contracted manufacturing revenues, the Company's business model incorporates equipment sales for smaller-scale Spark Plasma Sintering ("SPS") equipment, targeting a different customer base than its manufacturing offerings. To date, U.S. research labs and universities have been the primary customers, with two deliveries valued at US$295K expected to occur in Q3/FY2024. Subsequent to the end of the quarter, Cal Nano also received a US$344K order from the University of Connecticut, which is expected to be delivered in FY2025.

雖然Cal Nano繼續優先考慮合同製造收入,但該公司的業務模式包括小型放電等離子燒結(SPS)設備的設備銷售,目標客戶群與其製造產品不同。到目前為止,美國的研究實驗室和大學一直是主要客戶,預計將在2024財年第三季度交付兩架價值29.5萬美元的飛機。季度結束後,Cal Nano還收到了康涅狄格大學價值34.4萬美元的訂單,預計將於2025財年交付。

In addition, Cal Nano is in the process of identifying potential new sites for its production and headquarters. The Company recognizes the potential need for a larger space to accommodate recent equipment purchases and potentially larger-sized SPS systems to meet the increasing customer demands. If secured, this new space is expected to house all the existing equipment, including the recently purchased used cryomill, along with another recently acquired piece of equipment that will enable the latest in 3D material printing using SPS technology.

此外,Cal Nano正在為其生產和總部尋找潛在的新地點。該公司認識到可能需要更大的空間來容納最近購買的設備和可能更大尺寸的SPS系統,以滿足日益增長的客戶需求。如果得到保護,這個新空間預計將容納所有現有設備,包括最近購買的二手CryoMill,以及另一臺最近購買的設備,將使用SPS技術實現最新的3D材料列印。

Lastly, the Company is pleased to announce the nomination of Mr. Chris Melnyk as a Director, effective November 1, 2023, and subject to approval by the TSX Venture Exchange. Mr. Melnyk, a distinguished figure in the materials science industry, previously served as the CEO and board member of Cal Nano before departing in 2016. Since early 2023, Chris has been a valued sales and business development consultant for the Company, leveraging his extensive expertise to grow revenue, drive strategic initiatives and enhance shareholder value. Mr. Melnyk is based out of North Carolina and is expected to provide the Company with a closer presence to the Company's customers in the Eastern United States.

最後,本公司高興地宣佈提名克裡斯·梅爾尼克先生為董事的合夥人,自2023年11月1日起生效,並有待多倫多證券交易所創業板的批准。梅爾尼克是材料科學行業的傑出人物,在2016年離職之前,他曾擔任Cal Nano的首席執行官和董事會成員。自2023年初以來,Chris一直是公司重要的銷售和業務開發顧問,利用他豐富的專業知識增加收入、推動戰略舉措並提高股東價值。梅爾尼克先生的總部設在北卡羅來納州,預計他將為公司提供與公司在美國東部的客戶更密切的聯繫。

"We are happy to welcome Chris back to the board," stated Roger Dent, Director at Cal Nano. "His nomination reflects our commitment to securing the best leadership for the Company, and we look forward to benefiting from his invaluable insights and guidance in the boardroom."

加州大學納米分校董事的羅傑·登特表示:“我們很高興歡迎克裡斯重返董事會。”他的提名反映了我們為公司確保最佳領導層的承諾,我們期待著從他在董事會中的寶貴見解和指導中受益。“

About California Nanotechnologies Corp.

加州納米技術公司簡介

At Cal Nano, we envision a world in which our advanced technologies are used to help make the most innovative products on this planet and beyond. Global leaders trust us to help push the boundaries of applied material science by utilizing our unique technical expertise and vision. Headquartered in Los Angeles, California, Cal Nano hosts advanced processing and testing capabilities for materials research and production needs. Customers range from Fortune 500 companies to startups with programs spanning aerospace, renewable energy, defense, and semiconductors.

在Cal Nano,我們展望了一個世界,在這個世界裡,我們的先進技術被用來幫助製造地球上和地球以外最具創新性的產品。全球領導者相信,我們將利用我們獨特的技術專長和遠見,幫助推動應用材料科學的發展。Cal Nano總部設在加利福尼亞州洛杉磯,擁有先進的加工和測試能力,可滿足材料研究和生產需求。客戶範圍從財富500強公司到專案涵蓋航空航太、可再生能源、國防和半導體的初創公司。

For further information, please contact:

如需更多資訊,請聯繫:

California Nanotechnologies Corp.
Eric Eyerman, CEO
T: +1 (562) 991-5211
info@calnanocorp.com

加州納米技術公司
埃裡克·艾爾曼,首席執行官
電話:+1(562)991-5211
郵箱:Info@calnanocorp.com

Otis Investor Relations Inc.
Brandon Chow, Principal & Founder
T: +1 (647) 598-8815
brandon@otisir.com

奧的斯投資者關係公司。
Brandon Chow,校長兼創始人
電話:+1(647)598-8815
郵箱:brandon@tisir.com

Non-IFRS Measures and Reconciliation of Non-IFRS Measures

非國際財務報告準則計量與非國際財務報告準則計量的對賬

This press release makes reference to certain non-IFRS measures. These non-IFRS measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations of Cal Nano from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of Cal Nano reported under IFRS. The Company uses non-IFRS measures such as EBITDA to provide investors with a supplemental measure of operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess the Company's ability to meet its capital expenditure and working capital requirements.

本新聞稿提到了某些非國際財務報告準則的措施。這些非國際財務報告準則的措施不是國際財務報告準則下公認的措施,沒有國際財務報告準則規定的標準化含義,因此不太可能與其他公司提出的類似措施相比較。相反,這些措施是作為補充資訊提供的,通過從管理層的角度進一步瞭解Cal Nano的業務成果,補充了這些國際財務報告準則的措施。因此,不應孤立地考慮這些數據,也不應將其作為對根據《國際財務報告準則》報告的Cal Nano財務資訊的分析的替代。該公司使用EBITDA等非IFRS指標為投資者提供經營業績的補充指標,從而突出其核心業務的趨勢,這些趨勢在僅依靠IFRS財務指標時可能不太明顯。管理層還認為,證券分析師、投資者和其他相關方在評估發行人時經常使用非國際財務報告準則衡量標準。管理層亦採用非國際財務報告準則衡量方法,以利便不同期間的經營業績比較、編制年度經營預算及評估公司滿足資本開支及營運資金要求的能力。

"EBITDA" means the earnings before interest, income taxes, depreciation, and amortization, where interest is defined as net finance costs as per the consolidated statement of comprehensive income.

“EBITDA”是指扣除利息、所得稅、折舊和攤銷前的收益,其中利息定義為綜合全面收益表中的淨財務成本。

"EBITDA margin" means the earnings before interest, income taxes, depreciation, and amortization, where interest is defined as net finance costs as per the consolidated statement of comprehensive income as a percentage of total revenues.

“EBITDA利潤率”是指扣除利息、所得稅、折舊和攤銷前的收益,其中利息定義為綜合全面收益表中淨財務成本佔總收入的百分比。

Reconciliations and Calculations

對賬和計算

The table set forth below provides a quantitative reconciliation of EBITDA, which is a Non-IFRS financial measure, to the most comparable IFRS measure disclosed in the Company's financial statements. The reconciliation of Non-IFRS measures to the most directly comparable measure calculated in accordance with IFRS is provided below where appropriate. Quotes do not have a directly comparable IFRS measure.

下表提供了非IFRS財務指標EBITDA與公司財務報表中披露的最具可比性的IFRS指標的量化對賬。下文酌情提供了非“國際財務報告準則”計量與根據“國際財務報告準則”計算的最直接可比計量的對賬情況。報價沒有直接可比的國際財務報告準則衡量標準。

EBITDA Reconciliation

EBITDA對賬

Amounts in USD Three months
ended
August 31, 2023
Three months
ended
August 31, 2022
Six months
ended
August 31, 2023
Six months
ended
August 31, 2022
Net Income/(Loss) 213,674 (26,496) 249,141 23,774
Interest Expense 28,396 40,645 56,906 59,392
Taxes 800 - 1,600 800
Depreciation & Amortization 36,438 35,289 72,604 70,277
EBITDA 279,308 49,437 380,251 154,242
EBITDA Margin 41% 18% 32% 26%
金額(美元) 三個月
告一段落
2023年8月31日
三個月
告一段落
2022年8月31日
六個月
告一段落
2023年8月31日
六個月
告一段落
2022年8月31日
淨收益/(虧損) 213,674 (26496) 249,141 23,774
利息支出 28,396 40,645 56,906 59,392
稅費 800 - 1600 800
折舊及攤銷 36,438 35,289 72,604 70,277
EBITDA 279,308 49,437 380,251 154,242
EBITDA利潤率 百分之四十一 18% 32% 百分之二十六

Reader Advisory

讀者建議

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to: future financial results, including anticipated profitability and/or lack thereof; statements about future plans, including statements about the planned expansion of the Company's manufacturing capacity, and new sites for the Company's production and headquarters; demand for the Company's services by current and future customers, including existing and future orders for the Company's SPS equipment and the anticipated revenue therefrom; anticipated timing for and expected results of director appointments; and the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; a significant change in demand for the Company's services and products; industry conditions, governmental regulation, including environmental regulation; the effects of product development and need for continued technological change; the effect of government regulation and compliance on the Corporation and the industry; research and development risks; reliance on key personnel; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk, risk of technological or scientific obsolescence; dependence of technical infrastructure; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR+ at . Readers are cautioned that this list of risk factors should not be construed as exhaustive.

除了對歷史事實的陳述外,本新聞稿還包含適用證券法意義上的某些“前瞻性資訊”。前瞻性資訊的特點常常是“計劃”、“預期”、“專案”、“打算”、“相信”、“預期”、“估計”等類似詞語,或某些事件或條件“可能”或“將”發生的陳述。特別是,本新聞稿中的前瞻性資訊包括但不限於:未來的財務業績,包括預期的盈利能力和/或缺乏預期的盈利能力;有關未來計劃的陳述,包括有關公司計劃擴大產能和公司生產及總部新地點的陳述;現有和未來客戶對公司服務的需求,包括公司現有和未來的SPS設備訂單及其預期收入;與董事簽約的預期時間和預期結果;以及公司未來的預期業績。儘管我們認為前瞻性資訊中反映的預期是合理的,但不能保證這種預期將被證明是正確的。我們不能保證未來的結果、表現或成就。因此,沒有證據表明所取得的實際成果將全部或部分與前瞻性資訊中所述的結果相同。前瞻性資訊基於管理層在作出陳述之日的意見和估計,受各種風險、不確定因素和其他因素的影響,這些因素可能會導致實際事件或結果與前瞻性資訊中預期的大不相同。可能導致結果與前瞻性資訊中表述的結果大不相同的一些風險和其他因素包括但不限於:加拿大、美國和全球的總體經濟狀況;對公司服務和產品的需求的重大變化;行業條件、政府監管,包括環境監管;產品開發的影響和持續技術變革的需要;政府監管和合規對公司和行業的影響;研發風險;對關鍵人員的依賴;在外國司法管轄區的業務;知識產權保護;合同風險;第三方風險、技術或科學過時的風險;技術基礎設施的依賴;意想不到的經營事件或業績;在需要時未能獲得行業合作夥伴和其他第三方的同意和批准;以可接受的條件獲得資本的可用性;需要從監管機構獲得所需的批准;股市波動;對資本、技術人員和供應的競爭;稅法的變化;以及根據我們關於SEDAR+的簡介披露的其他風險因素。提醒讀者,這份風險因素清單不應被解釋為詳盡無遺。

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

本新聞稿中包含的前瞻性資訊明確地受到這一警示聲明的限制。除非適用的證券法規另有要求,否則我們沒有義務更新任何前瞻性資訊,以使這些資訊與實際結果或我們預期的變化保持一致。告誡讀者不要過度依賴前瞻性資訊。

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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。

________________________
1 Non-IFRS Measure

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1非國際財務報告準則計量

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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