RIWI Releases Q3 Financials
RIWI Releases Q3 Financials
Toronto, Ontario--(Newsfile Corp. - November 22, 2023) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the "Company" or "RIWI"), a global trend-tracking and prediction technology firm, reported its financial results for the quarter ended September 30, 2023. All figures are reported in U.S. dollars unless otherwise indicated. RIWI's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
安大略省多倫多--（Newsfile Corp.，2023年11月22日）——全球趨勢跟蹤和預測技術公司RIWI Corp.（多倫多證券交易所股票代碼：RWCRF）（“公司” 或 “RIWI”）公佈了截至2023年9月30日的季度財務業績。除非另有說明，否則所有數字均以美元報告。RIWI的財務報表根據國際財務報告準則（“IFRS”）編制。
RIWI Highlights for the three months ended September 30, 2023 — in US Dollars:
截至2023年9月30日的三個月的RIWI亮點——以美元計：
RIWI earned $1,144,838 in revenues in the third quarter of 2023 compared to $773,674 for the three months ended September 30, 2022, an increase of 47.97%. That revenue consisted of $438,224 in transaction revenue, $324,165 in recurring revenue and $382,449 in project-based revenue. RIWI experienced a net profit of $14,288 and positive operating cash flow of $77,629 for the three months ended September 30, 2023, as compared to a net loss of $323,655 and net use of cash of $163,994 for the three months ended September 30, 2022.
RIWI's recurring revenues in the third quarter of 2023 increased by $291,265 compared with the third quarter of 2022.
RIWI signed 17 new client contracts in the three months ended September 30, 2023, including contract signings with 11 new RIWI customers.
RIWI introduced a new measure, Adjusted EBITDA, as of Q3 2023. Adjusted EBITDA is meant to provide investors with better visibility into the operating business of RIWI as it nets out non-operating expenses.
All RIWI project-based customers have been migrated to the new RIWI platform with the exception of long standing time-series customers. We expect all remaining customers will migrate to the new platform in 2024.
RIWI strengthened its leadership team by hiring a new head of its International Development customer segment. RIWI has an impactful history of helping humanitarian aid organizations collect actionable data in hard-to-reach areas or conflict zones where displaced citizens are most vulnerable. RIWI management is of the view that investing in this sector is both aligned with the Company's values and good for business.
RIWI launched RIWI Communities as a global network of approved and validated partners to extend the reach of RIWI, both in terms of audience and in terms of capabilities. RIWI Communities enables RIWI to deliver broader solutions to customers including: social media listening, passive spending data and search data from targeted user groups, telephone surveys, in-person surveys, and qualitative surveys. In the third quarter of 2023, RIWI delivered four customer projects using RIWI Communities.
RIWI's work has been cited by publications, which include reports by the Bank of Canada, the Public Policy Forum, and The World Bank; and articles in The Journal of Social Psychology and Asia Times. Highlighted RIWI data and research noted in these publications include: perceptions of Ukraine's travel ban; Canadian consumer expectations; the rise of polarization in Canada; assessing the political leanings of Argentina's population; local and international support for governmental leadership in regards to China-US relations; and, the evaluation of public attitudes toward migration.
RIWI在2023年第三季度的收入爲1,144,838美元，而截至2022年9月30日的三個月爲773,674美元，增長了47.97％。該收入包括438,224美元的交易收入、324,165美元的經常性收入和382,449美元的項目收入。截至2023年9月30日的三個月，RIWI的淨利潤爲14,288美元，正運營現金流爲77,629美元，而截至2022年9月30日的三個月，淨虧損爲323,655美元，現金淨使用量爲163,994美元。
與2022年第三季度相比，RIWI在2023年第三季度的經常性收入增加了291,265美元。
在截至2023年9月30日的三個月中，RIWI簽署了17份新的客戶合同，其中包括與11個新的RIWI客戶簽訂的合同。
截至2023年第三季度，RIWI推出了一項新衡量標準，即調整後的息稅折舊攤銷前利潤。調整後的息稅折舊攤銷前利潤旨在讓投資者更好地了解RIWI的運營業務，因爲RIWI扣除了非運營費用。
除長期時間序列客戶外，所有基於RIWI項目的客戶都已遷移到新的RIWI平台。我們預計，所有剩餘的客戶都將在2024年遷移到新平台。
RIWI通過聘請國際開發客戶部門的新負責人來加強其領導團隊。RIWI在幫助人道主義援助組織在流離失所者最脆弱的難以到達的地區或衝突地區收集可操作的數據方面有着深遠的歷史。RIWI管理層認爲，投資該行業既符合公司的價值觀，又有利於業務。
RIWI推出了RIWI Communities，這是一個由經過批准和驗證的合作伙伴組成的全球網絡，以擴大RIWI在受衆和能力方面的影響力。RIWI Communities使RIWI能夠爲客戶提供更廣泛的解決方案，包括：社交媒體監聽、被動支出數據和來自目標用戶群體的搜索數據、電話調查、面對面調查和定性調查。2023 年第三季度，RIWI 使用 RIWI 社區交付了四個客戶項目。
RIWI的著作被出版物引用，其中包括加拿大銀行、公共政策論壇和世界銀行的報告，以及《社會心理學雜誌》和《亞洲時報》上的文章。這些出版物中提到的RIWI重點數據和研究包括：對烏克蘭旅行禁令的看法；加拿大消費者的期望；加拿大兩極分化的加劇；對阿根廷民衆政治傾向的評估；中美關係中對政府領導層的本地和國際支持；以及對公衆對移民態度的評估。
"The RIWI strategy is coming together as we build a sustainable long-term business. The result of that strategy is the first profitable quarter for RIWI in nine quarters," says Greg Wong, Chief Executive Officer at RIWI. Despite the strong performance of Q3, management is anticipating a challenging Q4 amid turbulent market conditions and continued investments in data quality. Management is working diligently to achieve consistent and positive operating cash flow and profitability in 2024."
“在我們建立可持續的長期業務時，RIWI的戰略正在形成。該戰略的結果是RIWI在九個季度內實現了第一個盈利季度。” RIWI首席執行官Greg Wong說。儘管第三季度表現強勁，但在動盪的市場環境和對數據質量的持續投資下，管理層預計第四季度將面臨挑戰。管理層正在努力在2024年實現持續、正的運營現金流和盈利能力。”
RIWI CORP.
Condensed Consolidated Interim Statements of Income and Comprehensive Income
For the three and nine months ended September 30, 2023 and 2022
(Unaudited and expressed in U.S. dollars)
RIWI CORP.
簡明合併中期收益表和綜合收益表
在截至2023年9月30日和2022年9月30日的三個月和九個月中
（未經審計，以美元計算）
Three months ended |
Nine months ended |
|||||||||||
September 30 |
September 30 |
|||||||||||
2023 |
2022 |
2023 |
2022 |
|||||||||
Revenues (Note 10) |
$ |
1,144,838 |
$ |
773,674 |
$ |
3,274,493 |
$ |
2,039,752 |
||||
Operating expenses |
||||||||||||
General and administrative (Note 11) |
461,906 |
496,487 |
1,488,159 |
1,530,997 |
||||||||
Technology costs (Note 11) |
479,265 |
361,218 |
1,361,012 |
887,123 |
||||||||
Sales and marketing (Note 11) |
214,095 |
294,029 |
718,735 |
881,711 |
||||||||
Total operating expenses |
1,155,266 |
1,151,734 |
3,567,907 |
3,299,831 |
||||||||
Operating loss before other income (expense) |
(10,428 |
) |
(378,060 |
) |
(293,414 |
) |
(1,260,079 |
) |
||||
Other income (expense) |
||||||||||||
Interest income, net |
23,553 |
9,405 |
66,427 |
20,161 |
||||||||
Gain on asset disposal |
- |
- |
971 |
- |
||||||||
Other expenses (Note 11) |
- |
- |
(37,228 |
) |
(78,338 |
) |
||||||
Total other income (expense) |
23,553 |
9,405 |
30,170 |
(58,177 |
) |
|||||||
Net income (loss) before income taxes |
13,125 |
(368,655 |
) |
(263,244 |
) |
(1,318,256 |
) |
|||||
Income tax recovery/(expense) |
1,163 |
45,000 |
(12,601 |
) |
161,842 |
|||||||
Net income (loss) and comprehensive income (loss) for the period |
$ |
14,288 |
$ |
(323,655 |
) |
$ |
(275,845 |
) |
$ |
(1,156,414 |
) |
|
Net income (loss) per share |
||||||||||||
Basic and diluted |
$ |
0.00 |
$ |
(0.02 |
) |
$ |
(0.02 |
) |
$ |
(0.06 |
) |
|
Weighted average number of common shares outstanding |
||||||||||||
Basic |
18,004,428 |
18,004,428 |
18,004,428 |
18,004,428 |
||||||||
Diluted |
18,004,428 |
18,004,428 |
18,004,428 |
18,004,428 |
||||||||
三個月已結束 |
九個月已結束 |
|||||||||||
9 月 30 日 |
9 月 30 日 |
|||||||||||
2023 |
2022 |
2023 |
2022 |
|||||||||
收入（附註10） |
$ |
1,144,838 |
$ |
773,674 |
$ |
3,274,493 |
$ |
2,039,752 |
||||
運營費用 |
||||||||||||
一般和行政（注11） |
461,906 |
496,487 |
1,488,159 |
1,530,997 |
||||||||
技術成本（注11） |
479,265 |
361,218 |
1,361,012 |
887,123 |
||||||||
銷售和市場營銷（注11） |
214,095 |
294,029 |
718,735 |
881,711 |
||||||||
運營費用總額 |
1,155,266 |
1,151,734 |
3,567,907 |
3,299,831 |
||||||||
扣除其他收入（支出）前的營業虧損 |
(10,428) |
) |
(378,060) |
) |
(293,414) |
) |
(1,260,079 |
) |
||||
其他收入（支出） |
||||||||||||
淨利息收入 |
23,553 |
9,405 |
66,427 |
20,161 |
||||||||
資產處置收益 |
- |
- |
971 |
- |
||||||||
其他開支（附註11） |
- |
- |
(37,228 |
) |
(78,338 |
) |
||||||
其他收入總額（支出） |
23,553 |
9,405 |
30,170 |
(58,177 |
) |
|||||||
所得稅前淨收益（虧損） |
13,125 |
(368,655) |
) |
(263,244) |
) |
(1,318,256 |
) |
|||||
所得稅回收/（費用） |
1,163 |
45,000 |
(12,601 |
) |
161,842 |
|||||||
該期間的淨收益（虧損）和綜合收益（虧損） |
$ |
14,288 |
$ |
(323,655) |
) |
$ |
(275,845) |
) |
$ |
(1,156,414 |
) |
|
每股淨收益（虧損） |
||||||||||||
基礎版和稀釋版 |
$ |
0.00 |
$ |
(0.02) |
) |
$ |
(0.02) |
) |
$ |
(0.06 |
) |
|
已發行普通股的加權平均數 |
||||||||||||
基本 |
18,004,428 |
18,004,428 |
18,004,428 |
18,004,428 |
||||||||
稀釋 |
18,004,428 |
18,004,428 |
18,004,428 |
18,004,428 |
||||||||
RIWI CORP.
Condensed Consolidated Interim Statements of Financial Position
As at September 30, 2023 and December 31, 2022
(Unaudited and expressed in U.S. dollars)
RIWI CORP.
簡明合併中期財務狀況表
截至2023年9月30日和2022年12月31日
（未經審計，以美元計算）
September 30, 2023 |
December 31, 2022 |
|||||
Assets |
||||||
Current assets |
||||||
Cash and cash equivalents |
$ |
2,433,550 |
$ |
2,350,718 |
||
Accounts receivable |
592,122 |
835,886 |
||||
Unbilled revenue (Note 10(b)) |
119,226 |
64,463 |
||||
Prepaid expenses and other current assets |
41,936 |
90,578 |
||||
Total current assets |
3,186,834 |
3,341,645 |
||||
Property and equipment (Note 5) |
3,123 |
4,688 |
||||
Right-of-use assets (Note 6) |
- |
17,874 |
||||
Intangible assets (Note 7) |
160,815 |
192,167 |
||||
Goodwill (Note 7) |
291,074 |
291,074 |
||||
Total assets |
$ |
3,641,846 |
$ |
3,847,448 |
||
Liabilities |
||||||
Current liabilities |
||||||
Accounts payable and accrued liabilities |
$ |
265,238 |
$ |
341,475 |
||
Current portion of lease obligations (Note 9) |
- |
22,024 |
||||
Deferred revenue (Note 10(b)) |
241,738 |
298,430 |
||||
506,976 |
661,929 |
|||||
Deferred tax liability |
35,011 |
37,337 |
||||
Total liabilities |
541,987 |
699,266 |
||||
Shareholders' equity |
||||||
Share capital (Note 8) |
4,940,930 |
4,940,930 |
||||
Contributed surplus (Note 8) |
2,705,453 |
2,477,931 |
||||
Accumulated deficit |
(4,546,524 |
) |
(4,270,679 |
) |
||
Total shareholders' equity |
3,099,859 |
3,148,182 |
||||
Total liabilities and shareholders' equity |
$ |
3,641,846 |
$ |
3,847,448 |
||
2023年9月30日 |
2022年12月31日 |
|||||
資產 |
||||||
流動資產 |
||||||
現金和現金等價物 |
$ |
2,433,550 |
$ |
2,350718 |
||
應收賬款 |
592,122 |
835886 |
||||
未開單收入（附註10 (b)） |
119,226 |
64,463 |
||||
預付費用和其他流動資產 |
41,936 |
90,578 |
||||
流動資產總額 |
3,186,834 |
3,341,645 |
||||
財產和設備（注5） |
3,123 |
4,688 |
||||
使用權資產（注6） |
- |
17,874 |
||||
無形資產（注7） |
160,815 |
192,167 |
||||
商譽（注7） |
291,074 |
291,074 |
||||
總資產 |
$ |
3,641,846 |
$ |
3,847,448 |
||
負債 |
||||||
流動負債 |
||||||
應付賬款和應計負債 |
$ |
265,238 |
$ |
341,475 |
||
租賃債務的當期部分（附註9） |
- |
22,024 |
||||
遞延收入（附註10 (b)） |
241,738 |
298,430 |
||||
506,976 |
661,929 |
|||||
遞延所得稅負債 |
35,011 |
37,337 |
||||
負債總額 |
541,987 |
699,266 |
||||
股東權益 |
||||||
股本（附註8） |
4,940,930 |
4,940,930 |
||||
貢獻盈餘（注8） |
2,705,453 |
2,477,931 |
||||
累計赤字 |
(4,546,524 |
) |
(4,270,679 |
) |
||
股東權益總額 |
3,099,859 |
3,148,182 |
||||
負債和股東權益總額 |
$ |
3,641,846 |
$ |
3,847,448 |
||
Approved and authorized for issuance on behalf of the Board on November 22, 2023.
2023 年 11 月 22 日代表董事會批准並授權發行。
"Greg Wong" (signed)
Greg Wong
Chief Executive Officer
“Greg Wong”（簽名）
格雷格·王
首席執行官
"Annette Cusworth" (signed)
Annette Cusworth
Chair of the Audit Commitee
“安妮特·庫斯沃思”（簽名）
安妮特·庫斯沃思
審計委員會主席
RIWI's unaudited interim Financial Statements and Management's Discussion and Analysis for the three months ended September 30, 2023, are available via RIWI's website at and on SEDAR at .
RIWI截至2023年9月30日的三個月未經審計的中期財務報表和管理層的討論與分析可在RIWI的網站和SEDAR上查閱。
About RIWI
關於 RIWI
RIWI is a global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries - without collecting any personally identifiable data.
RIWI 是一家全球趨勢跟蹤和預測技術公司。RIWI以月度或年度訂閱爲基礎，在所有國家/地區爲其客戶提供跟蹤調查、持續風險監控、預測分析和廣告效果測試，無需收集任何個人身份數據。
RIWI CORP.
RIWI CORP.
Signed: "Greg Wong"
Greg Wong, Chief Executive Officer
簽名：“Greg Wong”
Greg Wong，首席執行官
譯文內容由第三人軟體翻譯。