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.
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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.
預計 2023 年全年季度收入連續大幅增長
多倫多,2023年5月30日(GLOBE NEWSWIRE)——ARHT Media Inc.(“ARHT”或“公司”)(TSXV:ART)(OTCQB:ARHTF)是開發、生產和分銷高質量、低延遲全息圖和數字內容的全球領導者,今天宣佈其 截至 2023 年 3 月 31 日的第一季度財務業績。
2023 年第一季度財務更新
2023 年第一季度的收入爲 130 萬美元,而 2022 年第一季度的收入爲 140 萬美元,下降了 8%。下降反映了公司將銷售重點轉向固定裝置而不是活動裝置,因爲較長的銷售週期預計將在2023年剩餘季度對公司的財務產生積極影響。
2023年第一季度淨虧損280萬美元,而2022年第一季度爲130萬美元,這主要是由於公司繼續投資以實現增長,員工人數增加。
與前十二個月相比,LTM收入爲740萬美元,同比增長50%,反映了業務增長的持續積極勢頭。
截至2023年3月31日,現金爲180萬美元,而2022年12月31日爲420萬美元。
2023 年第一季度業務更新
2023 年 1 月,公司參加了三場國際技術會議——CES(美國拉斯維加斯)、全國零售論壇(美國紐約)和 ISE(西班牙巴塞羅那)。在CES上,《拉斯維加斯評論日報》將ARHT納入了他們的《你需要看的五件事》報告中。
2023 年 1 月,公司推出了新的品牌、徽標和網站,這體現了其優先考慮客戶和產品的承諾。品牌和網站煥然一新的外觀和感覺更好地反映了公司的價值觀和願景,同時展示了其致力於提供高質量產品和卓越客戶體驗的決心。
2023 年 2 月,公司完成了 NBA 全明星週末的激活,該週末在 NBA 球員現場直播接受採訪。
2023 年 3 月,公司與新加坡國防技術峯會(回頭客)簽約,將 beam Service Now 首席執行官比爾·麥克德莫特從舊金山前往新加坡發表主題演講。
2023 年 3 月,公司成功支持 Ontario Creates 參加 South X South West 活動。除了在sxSW ARHT現場直播了6位安大略省主要表演者外,還直播了《美國女孩》的表演,《滾石》雜誌將其描述爲 “我們看到的最好的東西之一”。
2023 年 3 月,公司與賓夕法尼亞大學沃頓商學院簽署了在新加坡舉辦活動的協議,與渥太華大學的 Telfer 商學院簽署了永久安裝 Capsule 的協議。
2023 年 3 月,一直位居世界排名第一的高管教育機構 IMD 開始通過 ARHT 全息圖網絡在瑞士和新加坡的校園之間對教師進行現場直播。
2023 年第一季度,公司簽署了六份永久安裝其全息圖技術的協議,這將產生持續的經常性收入。
2023 年 3 月,該公司簽署了協議,允許一家大型時裝品牌在中國的零售場所首次使用其 CAPSULE 顯示屏。
2023 年第一季度後續事件
2023 年 4 月,該公司與《全球財富》50 強客戶簽訂了一份價值 50 萬美元的合同,提供預先錄製的全息直播服務。
2023 年 5 月,國際管理發展研究所 (IMD) 在其位於瑞士洛桑和新加坡的校園安裝了 ARHT Media 的實時全息圖技術,以擴大其高管教育項目的範圍和覆蓋範圍,同時最大限度地減少氣候影響。
“ARHT 在 2023 年第一季度的表現低於我們的預期,原因是由於經濟不確定性以及許多活動改期到今年晚些時候,一些客戶推遲了購買。儘管這影響了我們的收入,但我們相信,隨着公司展示其在員工和產品能力方面的投資所帶來的好處,2023年剩餘時間將實現強勁的連續季度增長。” ARHT Media首席執行官拉里·奧賴利表示。“隨着我們提供的產品繼續引起一些最知名的全球品牌的興趣,管理層已採取積極措施,確保我們獲得最有效的收入來源,從而從成長型公司無縫過渡到盈利企業。”
關於 ARHT Media
ARHT 是實時全息圖技術的先驅和全球領導者。得益於其獲得專利的端到端技術,高管、醫學專家、教育工作者、演藝人員和思想領袖可以以光速前往任何目的地。
ARHT 成立於 2014 年,在多倫多證券交易所風險交易所上市。ARHT 在北美、歐洲和亞洲設有辦事處,並在多倫多到悉尼等地通過自己的工作室運營,並在每個地區都有龐大的合作伙伴工作室網絡。
連接 ARHT Media
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欲瞭解更多信息,請訪問 或通過以下方式聯繫投資者關係小組 info@arhtmedia.com。
ARHT Media 以 “代碼進行交易”藝術“在 多倫多風險證券交易所。
新聞聯繫人
薩爾曼·阿明
ARHT Media
samin@arhtmedia.com
本新聞稿包含適用的加拿大證券立法所指的 “前瞻性信息”。前瞻性信息包括但不限於與公司銷售渠道、公司技術、公司技術的潛在用途、使用公司技術的未來計劃活動、公司未來的成功、公司通過ARHT Media技術獲利的能力、公司技術的開發以及各方對ARHT產品的興趣相關的披露。通常,前瞻性信息可以通過使用前瞻性術語來識別,例如 “計劃”、“預期” 或 “不期望”、“預期”、“預期”、“預計”、“預測”、“打算”、“預期” 或 “不預期” 或 “相信”,或者使用此類詞語和短語的變體或陳述某些行動、事件或結果 “可能”、“可能”、“可能”、“可以”、“將”、“可能” 或 “將採取”、“發生” 或 “實現”。前瞻性信息受已知和未知風險、不確定性和其他因素的影響,這些因素可能導致公司的實際業績、活動水平、業績或成就與此類前瞻性信息所表達或暗示的業績存在重大差異,包括但不限於:一般商業、經濟和競爭的不確定性;監管風險;技術運營固有的風險;以及科技行業的其他風險。儘管公司試圖確定可能導致實際業績與前瞻性信息中包含的業績存在重大差異的重要因素,但可能還有其他因素導致業績與預期、估計或預期不符。無法保證此類信息會被證明是準確的,因爲實際結果和未來事件可能與此類聲明中的預期存在重大差異。因此,讀者不應過分依賴前瞻性信息。除非根據適用的證券法,否則公司不承諾更新任何前瞻性信息。
多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。