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Fitell Corporation Announces H1 Revenue Of $2.1M, A Decrease Of $0.9M Or 30.5% Compared To The Same Period In 2022

Fitell Corporation Announces H1 Revenue Of $2.1M, A Decrease Of $0.9M Or 30.5% Compared To The Same Period In 2022

菲特尔公司宣布上半年收入为210万美元,与2022年同期相比减少90万美元或30.5%
Benzinga ·  03/05 16:41

Fitell Corporation (NASDAQ:FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023.

澳大利亚健身房和健身器材在线零售商菲特尔公司(纳斯达克股票代码:FTEL)(“Fitell” 或 “公司”)今天公布了截至2023年12月31日的六个月的半年度财务业绩。

Six-month Period ended December 31, 2023 Financial Highlights

截至2023年12月31日的六个月期间财务摘要

  • Revenue was $2.1 million, a decrease of $0.9 million or 30.5% compared to the same period in 2022.
  • Gross profit was $0.85 million, a decrease of $745,555 or 46.8% from the same period in 2022.
  • 收入为210万美元,与2022年同期相比减少了90万美元,下降了30.5%。
  • 毛利为85万美元,比2022年同期减少745,555美元,下降46.8%。

Revenue by Categories vs. Same Period of Prior Year

按类别划分的收入与去年同期的对比

Revenue Change from Six-month Period ended December 31, 2022
US$ % US$ %
Merchandise revenue 2,007,562 94.6% (144,310 ) -6.7%
Sales of consumable products 0 0 (605,415 ) -100.0%
Revenue from licensing customers 115,557 5.4% (181,308 ) -61.1%
收入 与截至2022年12月31日的六个月期相比的变化
美元$ % 美元$ %
商品收入 2,007,562 94.6% (144,310) ) -6.7%
消耗品的销售 0 0 (605,415) ) -100.0%
来自许可客户的收入 115,557 5.4% (181,308) ) -61.1%
  • Merchandise revenue decreased by 6.7% or $144,310 to $2,007,562. The decrease was primarily attributable to: (i) a 34.3% increase in sales orders, primarily due to promotional campaigns and new marketing channels; and (ii) a decrease of 30.5% in the average revenue per order, mainly due to consumer spending changes in response to recent economic conditions in Australia. Management believes that the market will gradually recover, and the fitness and wellness industry in Australia is still promising in the long-term.
  • In the three months ended December 2023, merchandise revenue increased $103,849 or 10.9% compared to the same period in 2022.
  • Sales of consumable products represents the revenue generated by selling various lifestyle products. There were no sales of consumable products, and management plans to develop this business segment again whenever business opportunity arises.
  • Revenue from licensing customers represents the services provided to gym studios in overseas markets. Revenue from licensing customers decreased by 61.4% or $181,308 to $115,557. The decrease was due to management suspending overseas expansions recently due to market sentiment from inflation and rising interest rates in the global market, Management plans to expand these services again, especially to the Asia market, when the time is right.
  • 商品收入下降了6.7%,或144,310美元,至2,007,562美元。下降的主要原因是:(i)销售订单增长了34.3%,这主要是由于促销活动和新的营销渠道;(ii)每份订单的平均收入下降了30.5%,这主要是由于消费者支出因澳大利亚最近的经济状况而发生变化。管理层认为,市场将逐步复苏,从长远来看,澳大利亚的健身和保健行业仍然前景看好。
  • 在截至2023年12月的三个月中,商品收入与2022年同期相比增长了103,849美元,增长了10.9%。
  • 消费品的销售代表销售各种生活方式产品所产生的收入。消费品没有销售,管理层计划在出现商业机会时再次开发该业务领域。
  • 许可客户的收入代表向海外市场健身房提供的服务。许可客户的收入下降了61.4%,或181,308美元,至115,557美元。下降的原因是由于通货膨胀和全球市场利率上升的市场情绪管理层最近暂停了海外扩张,管理层计划在时机成熟时再次扩大这些服务,尤其是扩展到亚洲市场。

Cost of goods sold was $1,275,967, representing a decrease by approximately $185,478, or 12.7% from the same period in 2022.

商品销售成本为1,275,967美元,比2022年同期下降了约185,478美元,下降了12.7%。

Gross profit was $847,152, a decrease of $745,555, or 46.8% from the same period in 2022. The decrease was due to the drop in merchandise revenue, sales of consumable products, and licensing income. Gross profit margin was 39.9%, a decrease from 52.1% for the six-month period ended December 31, 2022, due to the decline of the high-margin consumable products and licensing segments.

毛利为847,152美元,比2022年同期下降745,555美元,下降46.8%。下降是由于商品收入、消费品销售和许可收入的下降。毛利率为39.9%,低于截至2022年12月31日的六个月期间的52.1%,这是由于高利润的消费品和许可领域的下滑。

Consulting fees were $1,272,468 for the six-month period ended December 31, 2023, compared to nil in the same period of 2022. Since the successful listing on Nasdaq, the management has proactively engaged various consulting firms to assist the company in setting long-term business development plans and identifying new business growth opportunities.

截至2023年12月31日的六个月期间,咨询费用为1,272,468美元,而2022年同期为零。自成功在纳斯达克上市以来,管理层积极聘请了多家咨询公司,以协助公司制定长期业务发展计划并确定新的业务增长机会。

General and administrative expenses were $1,268,545, an increase of $1,099,110, or 648.6% from $169,445 for the same period of 2022. The increase was mainly due to (i) research and development expenses on mobile app of $798,684; (ii) an $99,801 increase of insurance expense related to D&O insurance coverage post-Nasdaq listing; and (iii) an $71,945 increase of audit fees due to the Company's listing.

一般和管理费用为1,268,545美元,较2022年同期的169,445美元增加了1,099,110美元,增长了648.6%。增加的主要原因是(i)移动应用程序的研发费用为798,684美元;(ii)与纳斯达克上市后D&O保险承保相关的保险费用增加了99,801美元;(iii)由于公司上市,审计费用增加了71,945美元。

Net loss was $2,661,707, a decrease of $2,602,382 from the same period in 2022. The net loss was mainly due to the aforesaid decrease in total revenues and the increase in consulting fees and general and administrative expenses.

净亏损为2,661,707美元,较2022年同期减少2,602,382美元。净亏损主要是由于上述总收入减少以及咨询费和一般及管理费用增加。

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