Novra Announces Financial Results for Q3 and the First Nine Months of 2023
Novra Announces Financial Results for Q3 and the First Nine Months of 2023
Winnipeg, Manitoba--(Newsfile Corp. - November 30, 2023) - Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) ("Novra") has released its financial results for the nine months ended September 30, 2023. All amounts are in Canadian dollars unless otherwise noted.
曼尼托巴省温尼伯--（Newsfile Corp.，2023年11月30日）-Novra Technologies Inc.（多伦多证券交易所股票代码：NVRVF）（“Novra”）发布了截至2023年9月30日的九个月的财务业绩。除非另有说明，否则所有金额均以加元为单位。
Novra is pleased to announce a profitable Q3, along with improved gross margins and continued reductions in operating expenses for the nine-month period. Our third quarter results were positive with a net income of $102 thousand and $253 thousand Adjusted EBITDA(1).
Novra很高兴地宣布第三季度实现盈利，毛利率有所提高，运营支出在九个月内持续减少。我们的第三季度业绩良好，净收入为10.2万美元，调整后的息税折旧摊销前利润为25.3万美元(1)。
Our financial performance improved significantly after a slow start to the year. Although our nine-month revenue was down by $888 thousand, our net income loss improved by 55%, or $464 thousand, over the same period of 2022. The positive Q3 results partially offset losses incurred in earlier quarters. Novra's substantial deferred revenue of more than $1.6 million as of September 30, 2023, also provides some positive visibility into future revenue.
在今年开局缓慢之后，我们的财务业绩显著改善。尽管我们九个月的收入下降了88.8万美元，但我们的净收入亏损比2022年同期增长了55％，即46.4万美元。第三季度的积极业绩部分抵消了前几个季度的亏损。截至2023年9月30日，Novra的巨额递延收入超过160万美元，这也为未来的收入提供了一些积极的前景。
Pent up demand is continuing to grow in our markets as networks maintain their existing infrastructure longer. Infrastructure replacements will be necessary due to technology obsolescence, aging equipment, and new business requirements. However, this is countered by the economic uncertainty, higher interest rates and contracting availability of capital that are leading businesses to delay these investments. We are therefore continuing to adjust expenditures to address these economic conditions.
随着网络更长时间地维护现有基础设施，我们市场中被压抑的需求持续增长。由于技术过时、设备老化和新的业务需求，有必要更换基础架构。但是，这被经济不确定性、更高的利率和资本供应的减少所抵消，这些因素导致企业推迟这些投资。因此，我们将继续调整支出以应对这些经济状况。
Novra's cash position at the end of the period was strong, with bank deposits of over $1.2 million, $1.4 million in cashable guaranteed investment certificates (GICs), and a bank credit facility of $845 thousand providing a large pool of liquid funds.
期末，Novra的现金状况良好，银行存款超过120万美元，可兑现担保投资证书（GIC）140万美元，银行信贷额度为84.5万美元，可提供大量流动资金。
The following financial summary shows results for the three and nine months ended September 30, 2023.
以下财务摘要显示了截至2023年9月30日的三个月和九个月的业绩。
| (In Thousands) | Three Months Ended September 30, | Period Ended September 30, | |||||||||||||||||
| 2023 | 2022 | % Chg | 2023 | 2022 | %Chg | ||||||||||||||
| Revenue by type: | |||||||||||||||||||
| Products | $ |
821 |
$ | 1,809 |
-55% |
$ |
2,140 |
$ | 4,267 |
-50% |
|||||||||
| Services |
419 |
332 |
26% |
2,379 |
1,141 |
109% | |||||||||||||
| Total revenue |
1,241 |
2,141 |
-42% |
4,519 |
5,408 |
-16% | |||||||||||||
| Gross profit |
913 |
999 |
-9% |
2,495 |
2,517 |
-1% | |||||||||||||
| Gross margin |
73.6% |
46.7% |
|
55.2% |
46.5% |
|
|||||||||||||
| Operating expenses |
802 |
1,008 |
-20% |
2,858 |
3,319 |
-14% | |||||||||||||
| Operating income (loss) |
111 |
(9) | NM |
(362) | (802) | -55% | |||||||||||||
| Other income (expenses) | (9) | 23 |
NM |
(10) | (34) | -71% | |||||||||||||
| Net income (loss) as reported under IFRS | $ |
102 |
$ | 14 |
632% |
$ | (372) | $ | (836) | -55% | |||||||||
| |
|
|
|
|
|||||||||||||||
| Adjusted EBITDA - non-IFRS measure(1) | $ |
253 |
$ | 318 |
-20% |
$ |
13 |
$ | 188 |
-93% | |||||||||
| （以千计） | 截至9月30日的三个月 | 截至9月30日的期间 | |||||||||||||||||
| 2023 | 2022 | % Chg | 2023 | 2022 | %Chg | ||||||||||||||
| 按类型划分的收入： | |||||||||||||||||||
| 产品 | $ |
821 |
$ | 1,809 |
-55% |
$ |
2,140 |
$ | 4,267 |
-50% |
|||||||||
| 服务 |
419 |
332 |
26% |
2,379 |
1,141 |
109% | |||||||||||||
| 总收入 |
1,241 |
2,141 |
-42% |
4,519 |
5,408 |
-16% | |||||||||||||
| 毛利 |
913 |
999 |
-9% |
2,495 |
2,517 |
-1% | |||||||||||||
| 毛利率 |
73.6% |
46.7% |
|
55.2% |
46.5% |
|
|||||||||||||
| 运营费用 |
802 |
1,008 |
-20% |
2,858 |
3,319 |
-14% | |||||||||||||
| 营业收入（亏损） |
111 |
(9) | NM |
(362) | (802) | -55% | |||||||||||||
| 其他收入（支出） | (9) | 23 |
NM |
(10) | (34) | -71% | |||||||||||||
| 根据国际财务报告准则报告的净收益（亏损） | $ |
102 |
$ | 14 |
632% |
$ | (372) | $ | (836) | -55% | |||||||||
| |
|
|
|
|
|||||||||||||||
| 调整后的息税折旧摊销前利润——非国际财务报告准则指标(1) | $ |
253 |
$ | 318 |
-20% |
$ |
13 |
$ | 188 |
-93% | |||||||||
(1) Refer to the Management's Discussion & Analysis ("MD&A") for a reconciliation of Adjusted EBITDA to Net Income (loss) as reported under IFRS.
Amounts in the table may not reconcile due to rounding differences.
(1) 有关根据国际财务报告准则报告的调整后息税折旧摊销前利润与净收益（亏损）的对账情况，请参阅管理层的讨论与分析（“MD&A”）。
由于四舍五入的差异，表中的金额可能不一致。
At $4.5 million, revenue for the period was 16% lower than last year. However, improved gross margin (55.2% versus 46.5%) and a 14% reduction in operating expenditures resulted in only a small reduction ($22 thousand) in gross profit. The shift in product/service mix in 2023 was instrumental in the improved gross margins and net income loss compared to the same period in 2022.
该期间的收入为450万美元，比去年下降了16％。但是，毛利率的提高（55.2％对46.5％）和运营支出减少14％，毛利润仅略有减少（22,000美元）。与2022年同期相比，2023年产品/服务结构的变化对毛利率和净收入损失的提高起到了重要作用。
In recent months, we've seen many customers taking small steps to refresh and/or expand their networks, although at a cautious pace influenced by their challenging market conditions. With this measured approach, many are looking at software and service solutions, to reduce or eliminate the need to invest in capital equipment, and we are addressing this with expanding software and service offerings. The work we've done and our substantial R&D investment over the past several years are paying off as we book more and more service business.
最近几个月，我们看到许多客户采取了一些小措施来更新和/或扩展他们的网络，尽管受到充满挑战的市场条件的影响，他们采取了谨慎的步伐。通过这种谨慎的方法，许多人正在研究软件和服务解决方案，以减少或消除对资本设备的投资需求，而我们正在通过扩展软件和服务产品来解决这个问题。随着我们预订越来越多的服务业务，我们在过去几年中所做的工作和大量的研发投资正在获得回报。
As always, we continue to invest in innovation initiatives addressing our customers' current and emerging needs and in building customer relationships - the core of our business.
与往常一样，我们将继续投资于满足客户当前和新兴需求的创新计划，并建立客户关系，这是我们业务的核心。
"The entire Novra team is here to support our customers in meeting their business goals, by providing the powerful new products and services, responsive support, and technical expertise they need now and into the future. Our businesses have been in operation for more than 30 years, so we understand the importance of long-term relationships with our customers. That's why our products, services and overall business operations are all designed around earning the trust of our customers every day, over decades. As customers work through challenging times or embrace exciting new opportunities, we see our role as being an extension of their team, supporting them toward their next great achievements," said Patti Gair, Executive Vice President, Business Operations.
“整个Novra团队通过提供现在和未来所需的强大新产品和服务、响应式支持和技术专业知识，来支持我们的客户实现其业务目标。我们的业务已经运营了30多年，因此我们了解与客户建立长期关系的重要性。这就是为什么我们的产品、服务和整体业务运营都是围绕着几十年来每天赢得客户的信任而设计的。业务运营执行副总裁帕蒂·盖尔说，在客户度过充满挑战的时代或拥抱激动人心的新机遇时，我们将我们的角色视为团队的延伸，支持他们取得下一个伟大的成就。
For additional details on Novra's results and outlook for the nine months ended September 30, 2023, please refer to our MD&A and Consolidated Financial Statements, which are available on SEDAR+ ().
有关Novra截至2023年9月30日的九个月业绩和前景的更多详情，请参阅我们的MD&A和合并财务报表，这些报表可在SEDAR+ () 上查阅。
About Novra Technologies Inc.:
关于诺夫拉科技公司：
Novra (TSXV: NVI) (OTCQB: NVRVF) is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra Group of companies includes Novra Technologies Inc, International Datacasting Corporation, and Wegener Corporation. The companies in the group are known for a strong focus on applications, including: broadcast video and radio, digital cinema, digital signage, and highly reliable data communications.
Novra（多伦多证券交易所股票代码：NVI）（OTCQB：NVRVF）是一家为多媒体宽带内容分发提供产品、系统和服务的国际技术提供商。Novra 集团的公司包括 Novra Technologies Inc、国际数据广播公司和韦格纳公司。该集团中的公司以高度关注应用而闻名，包括：广播视频和广播、数字影院、数字标牌和高度可靠的数据通信。
For more information visit:
欲了解更多信息，请访问：
Forward-Looking Statements:
前瞻性陈述：
This press release contains"forward-looking statements" within the meaning of applicable Canadian securities laws, concerning but not limited to: our profitability outlook, the pending acquisition of Wegener, and anticipated developments in our operations in future periods. Forward-looking statements are generally identifiable by words such as "expect", "anticipate", "believe", "intend", "estimate", "predict", "outlook", "opportunity", "momentum", "potential", "targeted", "plans" "possible", "positive indication for", "looking forward to", "scheduled to", "in the process of", "getting ready to", "is starting to", and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. As such, forward-looking statements are not historical facts but reflect our current assumptions and expectations regarding future events. These are subject to a number of risk and uncertainties that could cause actual results or events to differ materially from current expectations and assumptions. Some of these risks and uncertainties are described under the "Risks and Uncertainties" section of Novra's MD&A.
本新闻稿包含适用的加拿大证券法所指的 “前瞻性陈述”，涉及但不限于：我们的盈利前景、对Wegener的待定收购以及未来业务的预期发展。前瞻性陈述通常通过 “期望”、“预期”、“相信”、“打算”、“估计”、“预测”、“展望”、“机会”、“势头”、“潜力”、“有针对性”、“计划”、“可能”、“积极迹象”、“期待”、“计划”、“正在开始” 等词语来识别，以及关于事件、条件或结果 “将”、“可能” 或 “应该” 发生或实现的类似表述或陈述。因此，前瞻性陈述不是历史事实，而是反映了我们当前对未来事件的假设和预期。它们受许多风险和不确定性的影响，这些风险和不确定性可能导致实际结果或事件与当前的预期和假设存在重大差异。其中一些风险和不确定性已在Novra的MD&A的 “风险和不确定性” 部分中进行了描述。
For the above reasons, readers are cautioned not to place undue reliance on forward-looking statements.
出于上述原因，提醒读者不要过分依赖前瞻性陈述。
Neither 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.
多伦多证券交易所风险投资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。
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CONTACT FOR NOVRA:
NOVRA 联系人：
Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com
哈里斯·莱昂塔斯
总裁兼首席执行官
+1 204 989 4632
hliontas@novra.com
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问