Expects significant quarterly sequential revenue growth throughout 2023
TORONTO, May 30, 2023 (GLOBE NEWSWIRE) -- ARHT Media Inc. ("ARHT" or "the Company") (TSXV:ART), (OTCQB:ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced its financial results for the first quarter ended March 31, 2023.
Q1 2023 Financial Update
- Revenue for Q1 2023 was $1.3M compared to $1.4M for Q1 2022, a 8% decrease. The decrease reflects the company's sales focus transition to fixed installations versus events given the longer sales cycle which is expected to positively impact the Company's financials in the remaining quarters of 2023.
- Q1 2023 Net loss of $2.8M vs $1.3M in Q1 2022 primarily due to increased headcount as the Company continues to invest for growth.
- LTM Revenues was $7.4M an increase of 50% YoY when compared to the prior twelve months reflecting continued positive momentum in the growth of the business.
- Cash as of March 31, 2023 was $1.8M as compared to $4.2- on December 31, 2022.
Q1 2023 Business Updates
- In January 2023, the Company participated in three international technology conferences – CES (Las Vegas, USA), National Retail Forum (New York, USA) and ISE (Barcelona, Spain). At CES, the Las Vegas Review Journal included ARHT in their 5 Things You Need to See report.
- In January 2023, the Company unveiled its new branding, logo, and website, which embodies its commitment to prioritizing its customers and products. The refreshed look and feel of the brand and website better reflect the Company's values and vision, while showcasing its dedication to providing high-quality products and exceptional customer experiences.
- In February 2023, the Company completed an activation for the NBA All-Star Weekend which beamed in NBA players live for interviews.
- In March 2023, the Company was contracted by the Singapore Defense Technology Summit (a repeat client) to beam Service Now CEO Bill McDermott from San Francisco into Singapore to deliver his keynote address.
- In March 2023, the Company successfully supported Ontario Creates in their participation in the South X South West event. Aside from presenting 6 major Ontario performers throughout SxSW ARHT live streamed a performance by US Girls which Rolling Stone Magazine described as "one of the best things we saw."
- In March 2023, the Company signed agreements with the Wharton School of Business at the University of Pennsylvania for events hosted in Singapore and the Telfer School of Business at the University of Ottawa for a permanent installation of Capsule.
- In March 2023, IMD, an executive education institution that is consistently one of the top ranked in the world, began live beaming instructors between their Swiss and Singapore campuses over the ARHT hologram network.
- In Q1 2023, the Company signed six agreements for permanent installation of its hologram technology that will produce ongoing recurring revenue.
- In March 2023, the Company signed agreements for the first use of its CAPSULE display in a retail location in China by a major fashion label.
Q1 2023 Subsequent Events
- In April 2023, the Company secured a $0.5 million contract with a Global Fortune 50 customer to deliver prerecorded, live holographic streaming services.
- In May 2023, The International Institute for Management Development (IMD) installed ARHT Media's live hologram technology at its campuses in Lausanne, Switzerland and Singapore to expand the scope and reach of its executive education programs while minimizing climate impact.
"ARHT's performance in Q1 2023 was below our expectations as several clients delayed their purchases due to economic uncertainty as well as numerous events being rescheduled to later in the year. While this impacted our revenues, we are confident that the rest of 2023 will achieve strong sequential quarterly growth as the Company shows the benefits of its investments in staff and product capabilities," stated Larry O'Reilly, CEO of ARHT Media. "As our product offerings continue to generate interest from some of the most recognizable global brands, management has taken proactive steps to ensure that we capture the most efficient revenue sources to seamlessly transition from a growth company to a profitable enterprise."
About ARHT Media
ARHT is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers, and thought leaders can travel at the speed of light to any destination.
ARHT was founded in 2014 and is publicly traded on the TSX Venture Exchange. ARHT has offices in North America, Europe and Asia and operates from its own studios in locations from Toronto to Sydney, as well as a large network of partner studios in every region.
Connect with ARHT Media
Twitter:
Facebook:
LinkedIn:
For more information, please visit or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol "ART" on the Toronto Venture Stock Exchange.
Press Contact
Salman Amin
ARHT Media
samin@arhtmedia.com
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company's sales funnel; the Company's technology; the potential uses for the Company's technology; the future planned events using the Company's technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company's technology; and interest from parties in ARHT's products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE 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.
预计 2023 年全年季度收入连续大幅增长
多伦多,2023年5月30日(GLOBE NEWSWIRE)——ARHT Media Inc.(“ARHT”或“公司”)(TSXV:ART)(OTCQB:ARHTF)是开发、生产和分销高质量、低延迟全息图和数字内容的全球领导者,今天宣布其 截至 2023 年 3 月 31 日的第一季度财务业绩。
2023 年第一季度财务更新
2023 年第一季度的收入为 130 万美元,而 2022 年第一季度的收入为 140 万美元,下降了 8%。下降反映了公司将销售重点转向固定装置而不是活动装置,因为较长的销售周期预计将在2023年剩余季度对公司的财务产生积极影响。
2023年第一季度净亏损280万美元,而2022年第一季度为130万美元,这主要是由于公司继续投资以实现增长,员工人数增加。
与前十二个月相比,LTM收入为740万美元,同比增长50%,反映了业务增长的持续积极势头。
截至2023年3月31日,现金为180万美元,而2022年12月31日为420万美元。
2023 年第一季度业务更新
2023 年 1 月,公司参加了三场国际技术会议——CES(美国拉斯维加斯)、全国零售论坛(美国纽约)和 ISE(西班牙巴塞罗那)。在CES上,《拉斯维加斯评论日报》将ARHT纳入了他们的《你需要看的五件事》报告中。
2023 年 1 月,公司推出了新的品牌、徽标和网站,这体现了其优先考虑客户和产品的承诺。品牌和网站焕然一新的外观和感觉更好地反映了公司的价值观和愿景,同时展示了其致力于提供高质量产品和卓越客户体验的决心。
2023 年 2 月,公司完成了 NBA 全明星周末的激活,该周末在 NBA 球员现场直播接受采访。
2023 年 3 月,公司与新加坡国防技术峰会(回头客)签约,将 beam Service Now 首席执行官比尔·麦克德莫特从旧金山前往新加坡发表主题演讲。
2023 年 3 月,公司成功支持 Ontario Creates 参加 South X South West 活动。除了在sxSW ARHT现场直播了6位安大略省主要表演者外,还直播了《美国女孩》的表演,《滚石》杂志将其描述为 “我们看到的最好的东西之一”。
2023 年 3 月,公司与宾夕法尼亚大学沃顿商学院签署了在新加坡举办活动的协议,与渥太华大学的 Telfer 商学院签署了永久安装 Capsule 的协议。
2023 年 3 月,一直位居世界排名第一的高管教育机构 IMD 开始通过 ARHT 全息图网络在瑞士和新加坡的校园之间对教师进行现场直播。
2023 年第一季度,公司签署了六份永久安装其全息图技术的协议,这将产生持续的经常性收入。
2023 年 3 月,该公司签署了协议,允许一家大型时装品牌在中国的零售场所首次使用其 CAPSULE 显示屏。
2023 年第一季度后续事件
2023 年 4 月,该公司与《全球财富》50 强客户签订了一份价值 50 万美元的合同,提供预先录制的全息直播服务。
2023 年 5 月,国际管理发展研究所 (IMD) 在其位于瑞士洛桑和新加坡的校园安装了 ARHT Media 的实时全息图技术,以扩大其高管教育项目的范围和覆盖范围,同时最大限度地减少气候影响。
“ARHT 在 2023 年第一季度的表现低于我们的预期,原因是由于经济不确定性以及许多活动改期到今年晚些时候,一些客户推迟了购买。尽管这影响了我们的收入,但我们相信,随着公司展示其在员工和产品能力方面的投资所带来的好处,2023年剩余时间将实现强劲的连续季度增长。” ARHT Media首席执行官拉里·奥赖利表示。“随着我们提供的产品继续引起一些最知名的全球品牌的兴趣,管理层已采取积极措施,确保我们获得最有效的收入来源,从而从成长型公司无缝过渡到盈利企业。”
关于 ARHT Media
ARHT 是实时全息图技术的先驱和全球领导者。得益于其获得专利的端到端技术,高管、医学专家、教育工作者、演艺人员和思想领袖可以以光速前往任何目的地。
ARHT 成立于 2014 年,在多伦多证券交易所风险交易所上市。ARHT 在北美、欧洲和亚洲设有办事处,并在多伦多到悉尼等地通过自己的工作室运营,并在每个地区都有庞大的合作伙伴工作室网络。
连接 ARHT Media
推特:
脸书:
领英:
欲了解更多信息,请访问 或通过以下方式联系投资者关系小组 info@arhtmedia.com。
ARHT Media 以 “代码进行交易”艺术“在 多伦多风险证券交易所。
新闻联系人
萨尔曼·阿明
ARHT Media
samin@arhtmedia.com
本新闻稿包含适用的加拿大证券立法所指的 “前瞻性信息”。前瞻性信息包括但不限于与公司销售渠道、公司技术、公司技术的潜在用途、使用公司技术的未来计划活动、公司未来的成功、公司通过ARHT Media技术获利的能力、公司技术的开发以及各方对ARHT产品的兴趣相关的披露。通常,前瞻性信息可以通过使用前瞻性术语来识别,例如 “计划”、“预期” 或 “不期望”、“预期”、“预期”、“预计”、“预测”、“打算”、“预期” 或 “不预期” 或 “相信”,或者使用此类词语和短语的变体或陈述某些行动、事件或结果 “可能”、“可能”、“可能”、“可以”、“将”、“可能” 或 “将采取”、“发生” 或 “实现”。前瞻性信息受已知和未知风险、不确定性和其他因素的影响,这些因素可能导致公司的实际业绩、活动水平、业绩或成就与此类前瞻性信息所表达或暗示的业绩存在重大差异,包括但不限于:一般商业、经济和竞争的不确定性;监管风险;技术运营固有的风险;以及科技行业的其他风险。尽管公司试图确定可能导致实际业绩与前瞻性信息中包含的业绩存在重大差异的重要因素,但可能还有其他因素导致业绩与预期、估计或预期不符。无法保证此类信息会被证明是准确的,因为实际结果和未来事件可能与此类声明中的预期存在重大差异。因此,读者不应过分依赖前瞻性信息。除非根据适用的证券法,否则公司不承诺更新任何前瞻性信息。
多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。