Kelso Technologies Inc. FY23 EPS $(0.04) Vs $(0.02) YoY; Revenue $10.82M Vs $10.93M YoY
Kelso Technologies Inc. FY23 EPS $(0.04) Vs $(0.02) YoY; Revenue $10.82M Vs $10.93M YoY
Kelso Technologies Inc. ("Kelso" or the "Company"), (TSX:KLS) reports that the Company has released the audited consolidated financial statements and Management Discussion and Analysis for the year ended December 31, 2023.
凱爾索科技公司（“凱爾索” 或 “公司”）（多倫多證券交易所股票代碼：KLS）報告稱，該公司已經發布了截至2023年12月31日止年度的經審計的合併財務報表和管理層討論與分析。
The audited year end financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). All amounts herein are expressed in United States dollars (the Company's functional currency) unless otherwise indicated. The Company's audited consolidated financial statements and MD&A for the year ended December 31, 2023 were approved by the Board of Directors on March 20, 2024.
經審計的年終財務報表是根據國際會計準則理事會（“IASB”）發佈的《國際財務報告準則》（“IFRS”）編制的。除非另有說明，否則此處的所有金額均以美元（公司的本位貨幣）表示。公司截至2023年12月31日止年度的經審計的合併財務報表和管理層與分析已於2024年3月20日獲得董事會批准。
SUMMARY OF FINANCIAL PERFORMANCE
財務業績摘要
| Year ended December 31 | 2023 | 2022 | 2021 | ||||||
| Revenues | $ | 10,819,916 | $ | 10,931,188 | $ | 7,425,707 | |||
| Gross profit | $ | 4,582,447 | $ | 4,908,996 | $ | 3,196,492 | |||
| Gross profit margin | 42% | 45% | 43% | ||||||
| Operating expenses | $ | 5,878,723 | $ | 6,126,992 | $ | 6,254,981 | |||
| Taxes | $ | 170,475 | $ | 166,031 | $ | 172,639 | |||
| Net income (loss) | $ | (2,101,886) | $ | (1,355,417) | $ | (2,758,567) | |||
| Basic and diluted earnings (loss) per share | $ | (0.04) | $ | (0.02) | $ | (0.05) | |||
| Non-cash recoveries and expenses | $ | 1,085,924 | $ | 1,271,842 | $ | 549,612 | |||
| Adjusted EBITDA (Loss) (1) | $ | (845,487) | $ | (83,575) | $ | (1,436,435) | |||
| Liquidity and Capital Resources | |||||||||
| Working capital | $ | 5,026,580 | $ | 7,000,568 | $ | 8,670,165 | |||
| Cash | $ | 1,433,838 | $ | 2,712,446 | $ | 3,377,464 | |||
| Accounts receivable | $ | 1,065,411 | $ | 1,381,979 | $ | 807,009 | |||
| Net equity | $ | 8,720,248 | $ | 10,781,672 | $ | 12,055,113 | |||
| Total assets | $ | 9,703,271 | $ | 12,147,143 | $ | 13,728,510 | |||
| Common shares outstanding | 54,443,422 | 54,320,086 | 54,320,086 | ||||||
| (1) Adjusted EBITDA for the year ended December 31, 2023, 2022 and 2021 has been calculated as follows: | |||||||||
| 截至12月31日的年度 | 2023 | 2022 | 2021 | ||||||
| 收入 | $ | 10,819,916 | $ | 10,931,188 | $ | 7,425,707 | |||
| 毛利 | $ | 4,582,447 | $ | 4,908,996 | $ | 3,196,492 | |||
| 毛利率 | 42% | 45% | 43% | ||||||
| 運營費用 | $ | 5,878,723 | $ | 6,126,992 | $ | 6,254,981 | |||
| 稅收 | $ | 170,475 | $ | 166,031 | $ | 172,639 | |||
| 淨收益（虧損） | $ | (2,101,886) | $ | (1,355,417) | $ | (2,758,567) | |||
| 每股基本收益和攤薄收益（虧損） | $ | (0.04) | $ | (0.02) | $ | (0.05) | |||
| 非現金回收和支出 | $ | 1,085,924 | $ | 1,271,842 | $ | 549,612 | |||
| 調整後的息稅折舊攤銷前利潤（虧損）(1) | $ | (845,487) | $ | (83,575) | $ | (1,436,435) | |||
| 流動性和資本資源 | |||||||||
| 營運資金 | $ | 5,026,580 | $ | 7,000,568 | $ | 8,670,165 | |||
| 現金 | $ | 1,433,838 | $ | 2,712,446 | $ | 3,377,464 | |||
| 應收賬款 | $ | 1,065,411 | $ | 1,381,979 | $ | 807,009 | |||
| 淨資產 | $ | 8,720,248 | $ | 10,781,672 | $ | 12,055,113 | |||
| 總資產 | $ | 9,703,271 | $ | 12,147,143 | $ | 13,728,510 | |||
| 已發行普通股 | 54,443,422 | 54,320,086 | 54,320,086 | ||||||
| (1) 截至2023年12月31日、2022年和2021年12月31日止年度的調整後息稅折舊攤銷前利潤計算如下： | |||||||||
| Year ended December 31 | ||||||||
|
2023 |
2022 |
2021 |
||||||
| Net income (loss) | $ | (2,101,886) | $ | (1,355,417) | $ | (2,758,567) | ||
| Unrealized foreign exchange loss (gain) | $ | 1,154 | $ | (31,648) | $ | (26,409) | ||
| Amortization | $ | 785,505 | $ | 1,044,222 | $ | 1,573,091 | ||
| Income taxes | $ | 170,475 | $ | 166,031 | $ | 172,639 | ||
| Gain on revaluation of derivative warrant liability | $ | (3,665) | $ | (263,446) | $ | (658,626) | ||
| Gain on repurchase of RSU's | $ | (40,785) | $ | (45,806) | $ | - | ||
| Write down of inventory | $ | 214,225 | $ | 260,040 | $ | 117,403 | ||
| Gain (loss) on sale of property, plant and equipment | $ | - | $ | (20,602)- | $ | 8,389 | ||
| Share based expense | $ | 129,490 | $ | 163,051 | $ | 133,645 | ||
| Bad debt recovery | $ | - | $ | - | $ | 2,000 | ||
| Adjusted EBITDA (Loss) | $ | (845,487) | $ | (83,575) | $ | (1,436,435) | ||
| 截至12月31日的年度 | ||||||||
| 2023 |
2022 |
2021 |
||||||
| 淨收益（虧損） | $ | (2,101,886) | $ | (1,355,417) | $ | (2,758,567) | ||
| 未實現的外匯虧損（收益） | $ | 1,154 | $ | (31,648) | $ | (26,409) | ||
| 攤銷 | $ | 785,505 | $ | 1,044,222 | $ | 1,573,091 | ||
| 所得稅 | $ | 170,475 | $ | 166,031 | $ | 172,639 | ||
| 衍生權證負債重估的收益 | $ | (3,665) | $ | (263,446) | $ | (658,626) | ||
| 回購RSU的收益 | $ | (40,785) | $ | (45,806) | $ | - | ||
| 記下庫存 | $ | 214,225 | $ | 260,040 | $ | 117,403 | ||
| 出售財產、廠房和設備的收益（虧損） | $ | - | $ | (20,602)- | $ | 8,389 | ||
| 基於股份的費用 | $ | 129,490 | $ | 163,051 | $ | 133,645 | ||
| 壞賬追回 | $ | - | $ | - | $ | 2,0 | ||
| 調整後的息稅折舊攤銷前利潤（虧損） | $ | (845,487) | $ | (83,575) | $ | (1,436,435) | ||
Adjusted EBITDA (loss) represents net earnings or loss for the year ended December 31, 2023 before interest, taxes and tax recoveries, amortization, deferred income tax recovery, unrealized foreign exchange losses, non-cash share-based expenses (Black-Scholes option pricing model) and write-off of assets. Adjusted EBITDA (loss) removes the effects of items that do not reflect the Company's underlying operating performance and are not necessarily indicative of future operating results. Adjusted EBITDA (loss) is not an earnings measure recognized by IFRS and does not have a standardized meaning prescribed by IFRS. Management believes that Adjusted EBITDA (loss) is an alternative measure in evaluating the Company's operational performance and its ability to generate cash to finance business operations.
調整後的息稅折舊攤銷前利潤（虧損）是指截至2023年12月31日止年度的淨收益或虧損，扣除利息、稅款和稅收回款、攤銷、遞延所得稅回收、未實現外匯虧損、基於非現金股份的支出（Black-Scholes期權定價模型）和資產註銷。調整後的息稅折舊攤銷前利潤（虧損）消除了不反映公司基本經營業績且不一定代表未來經營業績的項目的影響。調整後的息稅折舊攤銷前利潤（虧損）不是國際財務報告準則確認的收益指標，也沒有國際財務報告準則規定的標準化含義。管理層認爲，調整後的息稅折舊攤銷前利潤（虧損）是評估公司運營業績及其產生現金爲業務運營融資能力的另一種衡量標準。
Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company's method of calculating Adjusted EBITDA may differ from methods used by other issuers and, accordingly, the Company's Adjusted EBITDA may not be comparable to similar measures used by any other issuer.
提醒讀者，不應將調整後的息稅折舊攤銷前利潤解釋爲國際財務報告準則確定的淨收益的替代方案；也不應解釋爲國際財務報告準則確定的財務業績指標；也不應將調整後的息稅折舊攤銷前利潤解釋爲國際財務報告準則規定的對經營活動現金流的計算；也不得解釋爲國際財務報告準則下流動性和現金流的衡量標準。公司計算調整後息稅折舊攤銷前利潤的方法可能與其他發行人使用的方法不同，因此，公司的調整後息稅折舊攤銷前利潤可能無法與任何其他發行人使用的類似指標相提並論。
LIQUIDITY AND CAPITAL RESOURCES
流動性和資本資源
As at December 31, 2023 the Company had cash on deposit in the amount of $1,433,838, accounts receivable of $1,065,411 prepaid expenses of $134,349 and inventory of $3,376,005 compared to cash on deposit in the amount of $2,712,446, accounts receivable of $1,381,979, prepaid expenses of $92,768 and inventory of $4,144,196 as at December 31, 2022.
截至2023年12月31日，該公司的存款現金爲1,433,838美元，應收賬款爲1,065,411美元，預付費用爲134,349美元，庫存爲3,376,005美元，而存款現金爲2712,446美元，應收賬款爲1,381,979美元，預付費用爲92,768美元，庫存爲4,144,196美元。
The Company had income tax payable of $10,024 at December 31, 2023 compared to $30,626 at December 31, 2022.
截至2023年12月31日，該公司的應繳所得稅爲10,024美元，而截至2022年12月31日的應繳所得稅爲30,626美元。
The working capital position of the Company as at December 31, 2023 was $5,026,580 compared to $7,000,568 as at December 31, 2022. Capital resources and operations are to be expected to continue the Company's ability to conduct ongoing business as planned for the foreseeable future.
截至2023年12月31日，該公司的營運資金狀況爲5,026,580美元，而截至2022年12月31日爲7,000,568美元。預計資本資源和運營將延續公司在可預見的將來按計劃開展持續業務的能力。
Total assets of the Company were $9,703,271 as at December 31, 2023 compared to $12,147,143 as at December 31, 2022. Net assets of the Company were $8,720,248 as at December 31, 2023 compared to $10,781,672 as at December 31, 2022. The Company had no interest-bearing long-term liabilities or debt as at December 31, 2023 or December 31, 2022.
截至2023年12月31日，該公司的總資產爲9,703,271美元，而截至2022年12月31日爲12,147,143美元。截至2023年12月31日，該公司的淨資產爲8,720,248美元，而截至2022年12月31日爲10,781,672美元。截至2023年12月31日或2022年12月31日，該公司沒有計息的長期負債或債務。
譯文內容由第三人軟體翻譯。