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Kidoz Inc. Reports USD $6,030,546 in Q4 Revenue and Provides Annual Update

Kidoz Inc. Reports USD $6,030,546 in Q4 Revenue and Provides Annual Update

Kidoz Inc. 公佈第四季度收入爲6,030,546美元,並提供年度最新情況
Accesswire ·  03/27 04:50

VANCOUVER, BC / ACCESSWIRE / March 26, 2024 / Kidoz Inc. (TSXV:KIDZ) (the "Company"), mobile AdTech developer and owner of the market-leading Kidoz Contextual Ad Network (), the Kidoz Publisher SDK and Kidoz COPPA Shield, announced today its unaudited Q4 2023 financial result summary and a brief annual corporate update. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.

不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年3月26日/移動廣告技術開發商兼市場領先的Kidoz Contextual Ad Network()、Kidoz Publisher SDK和Kidoz COPPA Shield的所有者Kidoz Inc.(多倫多證券交易所股票代碼:KIDZ)(“公司”)今天公佈了其未經審計的2023年第四季度財務業績摘要和簡要的年度公司最新情況。所有金額均以美元列報,符合美國公認會計原則。

Q4 2023 Financial Result Summary

2023 年第四季度財務業績摘要

The fourth quarter started strongly, with many advertisers active on the Kidoz platform. This growth began to decline after Thanksgiving in the US, and the fourth quarter ended at a slower pace. The slow down at the end of the quarter hinted that we might face a challenging start in fiscal year 2024. In spite of the slow down at the end of the year, the early strong performance in the fourth quarter contributed positively to our revenue and helped us keep our balance sheet strong despite the difficulties of 2023.

第四季度開局強勁,許多廣告商活躍在Kidoz平台上。美國感恩節過後,這一增長開始下降,第四季度以放緩的速度結束。本季度末的放緩表明,我們在2024財年可能面臨艱難的開端。儘管年底表現放緩,但第四季度初的強勁表現爲我們的收入做出了積極貢獻,並幫助我們在2023年困難中保持了強勁的資產負債表。

Unaudited financial highlights from the fourth quarter of 2023 include:

2023 年第四季度未經審計的財務摘要包括:

  • Total Revenue of $6,030,546 - growth of 115% over Total Revenue of $2,808,354 in Q3 2023;
  • Advertising Revenue of $5,353,852 - growth of 115% over Advertising Revenue of $2,492,058 in Q3 2023;
  • Programmatic Revenue of $652,000 - growth of 162% over Programmatic Revenue of $248,546 in Q3 2023;
  • Sales and Marketing expenditure of $319,664, an increase of 2% from $312,791 in Q3 2023;
  • Non-Capitalized R&D expenditures of $773,690, an increase of 7% from $720,076 in Q3 2023;
  • G&A expenditures of $158,814 a reduction of 8% from G&A expenditures of $172,307 in Q3 2023;
  • Profit of $308,070, an increase of $1,072,407 over a loss of ($764,337) in Q3 2023;
  • Adjusted EBITDA of $569,532 a growth over Adjusted EBITDA of ($471,051) in Q3 2023;
  • Cash of $1,469,311 and working capital of $3,200,407 as at December 31, 2023, compared to cash of $2,363,530 and working capital of $4,147,176 as at December 31, 2022;
  • Free Cash Flow of $36,962 compared to Free Cash Flow of $98,877 in Q3 2024.
  • 總收入爲6,030,546美元,比2023年第三季度的總收入2,808,354美元增長了115%;
  • 廣告收入爲5,353,852美元,比2023年第三季度的廣告收入2,492,058美元增長了115%;
  • 計劃收入爲652,000美元,與2023年第三季度的248,546美元的計劃收入相比增長了162%;
  • 銷售和營銷支出爲319,664美元,較2023年第三季度的312,791美元增長了2%;
  • 非資本化研發支出爲773,690美元,較2023年第三季度的720,076美元增長了7%;
  • 併購支出爲158,814美元,較2023年第三季度的172,307美元併購支出減少了8%;
  • 利潤爲308,070美元,比2023年第三季度的虧損(764,337美元)增加了1,072,407美元;
  • 調整後的息稅折舊攤銷前利潤爲569,532美元,比2023年第三季度調整後的息稅折舊攤銷前利潤(471,051美元)增長;
  • 截至2023年12月31日,現金爲1,469,311美元,營運資金爲3,200,407美元,而截至2022年12月31日,現金爲2,363,530美元,營運資金爲4,147,176美元;
  • 自由現金流爲36,962美元,而2024年第三季度的自由現金流爲98,877美元。

"Management is pleased with the Company's strong performance in the fourth quarter after challenges earlier in the year," stated Jason Williams, Kidoz CEO. "Kidoz continues to make great strides in the advancement of our technology and innovations in our tools and processes which enables the Company to differentiate itself from the competition and capture a large share of the mobile brand and performance advertising market directed at kids and families."

Kidoz首席執行官傑森·威廉姆斯表示:“在經歷了今年早些時候的挑戰之後,管理層對公司在第四季度的強勁表現感到滿意。”“Kidoz繼續在技術進步以及工具和流程創新方面取得長足的進步,這使公司能夠在競爭中脫穎而出,並在針對兒童和家庭的移動品牌和績效廣告市場中佔據很大份額。”

"Kidoz is the absolute leader in child safe mobile advertising as our media inventory represents the optimized supply path, the largest possible pool of inventory, and the inventory with the greatest contextual targeting. Most importantly, Kidoz media is purpose built to be completely free of Personal Identifiable Information (PII) and therefore is legally COPPA & GDPR compliant and brand safe for child directed media. Over the years, competitive groups have entered the market and begun to offer media that does not have the same COPPA safeguards and represents a risk to brands as they are potentially processing PII data of minors," stated Williams.

“Kidoz是兒童安全移動廣告領域的絕對領導者,因爲我們的媒體庫存代表了優化的供應路徑、儘可能大的庫存池以及具有最大情境定位的庫存。最重要的是,Kidoz Media專爲完全不含個人身份信息(PII)而打造,因此在法律上符合COPPA和GDPR,對於面向兒童的媒體來說是品牌安全的。多年來,競爭團體已進入市場,並開始提供不具備COPPA保障措施的媒體,這些媒體對品牌構成風險,因爲他們可能會處理未成年人的個人身份信息數據,” 威廉姆斯說。

"To combat this threat, Kidoz has embarked on an educational road show with a number of leading brands to educate the market on how to identify COPPA mobile media and how to protect the brand against the widespread risks that are inherent in many media offerings that were not purpose built to be safe for child directed audiences. While changing the behavior of agency buyers can be challenging, several brands are insisting on Kidoz media in larger quantities as they dig deeper into their media plans and focus on the requirement of brand safety in their practices."

“爲了應對這種威脅,Kidoz已開始與許多領先品牌一起進行教育路演,以教育市場如何識別COPPA移動媒體,以及如何保護該品牌免受許多媒體產品所固有的廣泛風險,這些風險並非爲了保護面向兒童的受衆而設計的。儘管改變代理買家的行爲可能具有挑戰性,但一些品牌在深入研究其媒體計劃並在實踐中關注品牌安全要求時,堅持大量使用Kidoz媒體。”

"By following the vision, to keep children safe in the complex digital advertising ecosystem management believes that Kidoz has built the most advanced contextual mobile advertising system in the industry. We believe this commitment has resulted in an advertising product offering that is the highest performing amongst our competitors and places Kidoz in a central position globally with leading family and entertainment brands whose key objective is to raise awareness within the kids market."

“通過遵循這一願景,在複雜的數字廣告生態系統中保護兒童的安全,管理層認爲,Kidoz已經建立了業內最先進的情境移動廣告系統。我們相信,這一承諾使我們的廣告產品在競爭對手中表現最好,並使Kidoz在領先的家庭和娛樂品牌中處於全球核心地位,其主要目標是提高兒童市場的知名度。”

"2024 will see continued focus on legislative measures, in America and Europe, aimed to strengthen online child privacy which will further propel Kidoz forward in terms of usage and media sales. We believe our offering is the only purpose built mobile media platform for reaching children and this area of the market is growing quickly. Management believes 2024 will be a strong year of growth for the Company."

“2024年,美國和歐洲將繼續關注旨在加強在線兒童隱私的立法措施,這將進一步推動Kidoz在使用和媒體銷售方面向前發展。我們相信,我們的產品是唯一專門爲兒童打造的移動媒體平台,而且這一市場領域正在迅速增長。管理層認爲,2024年將是公司強勁增長的一年。”

"As the unprecedented advertising boom attributed to the pandemic began to normalize in 2023, the ad tech industry faced a year of recalibration, with businesses adapting to post-pandemic consumer behaviors. Against this backdrop, the Kidoz contextual network for reaching kids and families on mobile devices continued to experience strong usage and continues to be adopted by new apps at a rapid pace. In the rapidly evolving landscape of digital advertising, Kidoz is at the forefront of transforming how major brands connect with their youngest audiences. Historically, large kids focused brands reached consumers through traditional media channels utilizing television, radio, and print to communicate their messages. However, the digital revolution, spearheaded by the rise of the Internet, smartphones, and tablets, has ushered in a new era of disruption."

“隨着疫情引發的前所未有的廣告熱潮在2023年開始正常化,廣告技術行業面臨着爲期一年的調整,企業正在適應疫情後的消費者行爲。在此背景下,用於通過移動設備聯繫兒童和家庭的Kidoz情境網絡繼續得到廣泛使用,並繼續快速被新應用程序所採用。在快速變化的數字廣告格局中,Kidoz處於改變主要品牌與年輕受衆聯繫方式的最前沿。從歷史上看,以大孩子爲中心的品牌通過傳統媒體渠道吸引消費者,利用電視、廣播和印刷來傳達他們的信息。但是,以互聯網、智能手機和平板電腦的興起爲首的數字革命開啓了一個新的顛覆時代。”

"Traditional media are giving way to innovative tech companies like Kidoz, which specializes in crafting engaging, kid-safe mobile advertising solutions. Our portfolio, including high impact video and engaging rich media ads, is subject to the dynamic nature of digital media costs which are governed by auction-based pricing with rapidly varying margins. While these changes were becoming evident throughout fiscal 2023, in Q4 2023, we observed a significant shift in the ad mix, showcasing our ability to adapt and excel in this changing digital environment. Management believes that the Company's proprietary technology and unique inventory, combined with the dominance of mobile entertainment as consumers' preferred choice, will continue to have profound effects on its results in the coming years."

“傳統媒體正在讓位給像Kidoz這樣的創新科技公司,該公司專門製作引人入勝、對兒童安全的移動廣告解決方案。我們的投資組合,包括高影響力的視頻和引人入勝的富媒體廣告,受數字媒體成本的動態性質的影響,這些成本受拍賣定價的支配,利潤率變化很大。儘管這些變化在整個 2023 財年變得顯而易見,但在 2023 年第四季度,我們觀察到廣告組合發生了重大變化,展示了我們在不斷變化的數字環境中適應和脫穎而出的能力。管理層認爲,該公司的專有技術和獨特的庫存,加上移動娛樂作爲消費者首選的主導地位,將在未來幾年繼續對其業績產生深遠影響。”

To enable the Company to reward success, aid in recruiting, and retain its current employees and consultants in a challenging technology market, the Company continues to issue to its staff, consultants and directors stock option grants made in accordance with TSX Policy 4.4 and, subject to the rules of the TSX Venture Exchange and in accordance with the 2015 Stock Option plan approved by the shareholders of the Company. In fiscal 2023, 1,988,000 stock option grants expired unexercised of which 975,000 had been awarded to Directors and Officers. For this year's grant, the Company is issuing to its staff, consultants and directors stock option grants entitling them to purchase up 2,368,750 common shares of the Company exercisable at CAD$0.20, of which 1,056,250 are awarded to Directors and Officers. The exercise price of CAD$0.20 is above the prior 20 day volume-weighted average price (VWAP) of CAD$0.17, and two cents above today's closing market share price of CAD$0.18 per share. In accordance with the Company's overall compensation program, the options now being granted will vest monthly over their 5-year term. This stock option grant represents 1.8% of the total issued and outstanding shares of the Company.

爲了使公司能夠在充滿挑戰的科技市場中獎勵成功人士、幫助招聘和留住現有員工和顧問,公司繼續向其員工、顧問和董事發放根據多倫多證券交易所政策4.4發放的股票期權補助金,但須遵守多倫多證券交易所風險交易所的規則和公司股東批准的2015年股票期權計劃。在2023財年,有1,988,000份股票期權贈款到期,未行使,其中97.5萬份授予了董事和高級管理人員。對於今年的補助金,公司將向其員工、顧問和董事發放股票期權補助金,使他們有權以0.20加元的價格購買公司2,368,750股普通股,其中1,056,250股授予董事和高級管理人員。0.20加元的行使價高於前20天成交量加權平均價格(VWAP)0.17加元,比今天收盤的每股0.18加元的市場股價高出兩美分。根據公司的總體薪酬計劃,目前授予的期權將在其5年期限內按月歸屬。該股票期權授予佔公司已發行和流通股票總額的1.8%。

CAUTION REGARDING NON-GAAP FINANCIAL MEASURES

對非公認會計准則財務指標的謹慎態度

This press release refers to "Adjusted EBITDA" which is a non-GAAP financial measure that does not have a standardized meaning prescribed by GAAP. Adjusted EBITDA is not presented in accordance with, or as an alternative to, GAAP financial measures and may be different from non-GAAP measures used by other companies. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with generally accepted accounting principles in the United States of America ("GAAP"). We encourage investors to review the GAAP financial measures included in the last Quarterly Form 6-K, including our unaudited consolidated financial statements, to aid in their analysis and understanding of our performance and in making comparisons.

本新聞稿提及 “調整後息稅折舊攤銷前利潤”,這是一項非公認會計准則財務指標,沒有GAAP規定的標準化含義。調整後的息稅折舊攤銷前利潤不是根據公認會計原則財務指標列報的,也不是作爲其替代方案列報的,可能與其他公司使用的非公認會計准則指標有所不同。這些非公認會計准則指標不應被視爲替代或優於根據美利堅合衆國公認會計原則(“GAAP”)計算的財務指標。我們鼓勵投資者查看上一份季度表格6-K中包含的GAAP財務指標,包括我們未經審計的合併財務報表,以幫助他們分析和理解我們的業績並進行比較。

We use Adjusted EBITDA internally to evaluate our performance and make financial and operational decisions that are presented in a manner that adjusts from their equivalent GAAP measures or that supplement the information provided by our GAAP measures. Adjusted EBITDA is defined by us as EBITDA (net income (loss) plus depreciation expense, amortization expense, interest, stock-based compensation and impairment of goodwill), further adjusted to exclude certain non-cash expenses and other adjustments. We use Adjusted EBITDA because we believe it more clearly highlights business trends that may not otherwise be apparent when relying solely on GAAP financial measures, since Adjusted EBITDA eliminates from our results specific financial items that have less bearing on our core operating performance.

我們在內部使用調整後的息稅折舊攤銷前利潤來評估我們的業績,並做出財務和運營決策,這些決策的列報方式與其等效的GAAP指標相比有所調整,或者補充了我們的GAAP指標提供的信息。調整後的息稅折舊攤銷前利潤被我們定義爲息稅折舊攤銷前利潤(淨收益(虧損)加上折舊費用、攤銷費用、利息、股票薪酬和商譽減值),進一步調整後不包括某些非現金支出和其他調整。我們之所以使用調整後的息稅折舊攤銷前利潤,是因爲我們認爲調整後的息稅折舊攤銷前利潤可以更清楚地凸顯出僅依賴公認會計原則財務指標時可能不太明顯的業務趨勢,因爲調整後的息稅折舊攤銷前利潤從我們的業績中排除了對我們核心經營業績影響較小的特定財務項目。

Our Adjusted EBITDA is reconciled as follows:

我們的調整後息稅折舊攤銷前利潤調整如下:

Three Months Ended December 31, 2023 Three Months Ended December 31, 2022


Net Income (loss)
308,070 419,380
Less:
Depreciation and amortization
139,945 139,525
Income tax (recovery) expense
(27,776) (150,484)
Interest and other income
(6) (7)
Stock awareness program
18,371 9,857
Stock-based compensation
130,928 170,527
Gain on derivative liability - warrants
- 34
Adjusted EBITDA
569,532 588,832
截至 2023 年 12 月 31 日的三個月 截至2022年12月31日的三個月


淨收益(虧損)
308,070 419,380
減去:
折舊和攤銷
139,945 139,525
所得稅(恢復)費用
(27,776) (150,484)
利息和其他收入
(6) (7)
股票宣傳計劃
18,371 9,857
基於股票的薪酬
130,928 170,527
衍生負債收益——認股權證
- 34
調整後 EBITDA
569,532 588,832

For full details of the Company's operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Kidoz Inc. corporate website at or on the website.

有關公司運營和財務業績的完整詳情,請訪問美國證券交易委員會網站www.sec.gov或Kidoz Inc.公司網站 或在網站上。

About Kidoz Inc.

關於 Kidoz Inc.

Kidoz Inc. (TSXV:KIDZ) () mission is to keep children safe in the complex digital advertising ecosystem. Kidoz has built the leading COPPA & GDPR compliant contextual mobile advertising network that safely reaches hundreds of millions of kids, teens, and families every month. Google certified, and Apple approved, Kidoz provides an essential suite of advertising technology that unites brands, content publishers and families. Trusted by Mattel, LEGO, Disney, Kraft, and more, the Kidoz Contextual Ad Network helps the world's largest brands to safely reach and engage kids across thousands of mobile apps, websites and video channels. The Kidoz network does not use location or PII data tracking commonly used in digital advertising. Instead, Kidoz has developed advanced contextual targeting tools to enable brands to reach their ideal customers with complete brand safety. A focused AdTech solution provider, the Kidoz SDK and Kidoz COPPA Shield have become essential products in the digital advertising ecosystem.

Kidoz Inc.(多倫多證券交易所股票代碼:KIDZ)()的使命是確保兒童在複雜的數字廣告生態系統中的安全。Kidoz已經建立了領先的符合COPPA和GDPR的情境移動廣告網絡,該網絡每月可以安全地覆蓋數億兒童、青少年和家庭。Kidoz通過谷歌認證並獲得蘋果批准,提供了一套必不可少的廣告技術,將品牌、內容發佈商和家族團結在一起。Kidoz Contextual 廣告網絡深受美泰、樂高、迪士尼、卡夫等公司的信賴,可幫助全球最大的品牌通過數千個移動應用程序、網站和視頻頻道安全地接觸和吸引孩子。Kidoz 網絡不使用數字廣告中常用的位置或 PII 數據跟蹤。取而代之的是,Kidoz開發了先進的情境定位工具,使品牌能夠以完全的品牌安全性吸引其理想客戶。作爲專注的廣告技術解決方案提供商,Kidoz SDK和Kidoz COPPA Shield已成爲數字廣告生態系統中的必備產品。

Prado Inc. (), a separate but fully owned subsidiary of Kidoz Inc., is based on the Kidoz technology and provides a mobile SSP (Supply-side Platform), DSP (Demand-side Platform) and Ad Exchange platform to brand advertisers across a variety of industries. Employing a contextual targeting approach within the in-app universe, Prado can achieve high impact results for brand partners within this powerful media inventory.

Prado Inc. () 是Kidoz Inc. 的獨立但全資子公司,基於Kidoz技術,爲各行各業的品牌廣告商提供移動SSP(供應方平台)、DSP(需求方平台)和廣告交易平台。在應用內領域採用情境定位方法,普拉多可以在這個強大的媒體資源中爲品牌合作伙伴取得高影響力的結果。

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future success of the company. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. Specifically, readers should read the Company's Annual Report on Form 20-F, filed with the SEC and the Annual Financial Statements and Management Discussion & Analysis filed on SEDAR on April 19, 2023, and the prospectus filed under Rule 424(b) of the Securities Act on March 9, 2005 and the SB2 filed July 17, 2007, and the TSX Venture Exchange Listing Application for Common Shares filed on June 29, 2015 on SEDAR, for a more thorough discussion of the Company's financial position and results of operations, together with a detailed discussion of the risk factors involved in an investment in Kidoz Inc.

1995年的《私人證券訴訟改革法》爲前瞻性陳述提供了 “安全港”。本新聞稿中包含的某些信息(以及公司已經或將要發表的口頭聲明或其他書面聲明中包含的信息)包含前瞻性陳述,例如與公司未來預期成功有關的陳述。此類前瞻性信息涉及重要的風險和不確定性,可能會對未來的預期業績產生重大影響,因此,此類結果可能與公司或代表公司發表的任何前瞻性陳述中表達的結果存在重大差異。有關其他風險和不確定性的描述,請參閱公司向美國證券交易委員會提交的文件。具體而言,讀者應閱讀公司向美國證券交易委員會提交的20-F表年度報告和2023年4月19日在SEDAR上提交的年度財務報表和管理討論與分析,以及根據2005年3月9日證券法第424(b)條提交的招股說明書和2007年7月17日提交的SB2的招股說明書以及2015年6月29日在SEDAR提交的多倫多證券交易所風險交易所普通股上市申請,以獲得更全面的了解討論公司的財務狀況和經營業績,並詳細討論風險因素參與了對 Kidoz Inc. 的投資

For more information contact:
Henry Bromley
CFO
ir@kidoz.net
(888) 374-2163

欲了解更多信息,請聯繫:
亨利·布羅姆利
首席財務官
ir@kidoz.net
(888) 374-2163

SOURCE: KIDOZ Inc.

資料來源:KIDOZ Inc.


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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