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.
曼尼托巴省溫尼伯--（Newsfile Corp.，2023年11月30日）-Novra Technologies Inc.（多倫多證券交易所股票代碼：NVRVF）（“Novra”）發佈了截至2023年9月30日的九個月的財務業績。除非另有說明，否則所有金額均以加元爲單位。
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很高興地宣佈第三季度實現盈利，毛利率有所提高，運營支出在九個月內持續減少。我們的第三季度業績良好，淨收入爲10.2萬美元，調整後的息稅折舊攤銷前利潤爲25.3萬美元(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.
在今年開局緩慢之後，我們的財務業績顯著改善。儘管我們九個月的收入下降了88.8萬美元，但我們的淨收入虧損比2022年同期增長了55％，即46.4萬美元。第三季度的積極業績部分抵消了前幾個季度的虧損。截至2023年9月30日，Novra的巨額遞延收入超過160萬美元，這也爲未來的收入提供了一些積極的前景。
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.
隨着網絡更長時間地維護現有基礎設施，我們市場中被壓抑的需求持續增長。由於技術過時、設備老化和新的業務需求，有必要更換基礎架構。但是，這被經濟不確定性、更高的利率和資本供應的減少所抵消，這些因素導致企業推遲這些投資。因此，我們將繼續調整支出以應對這些經濟狀況。
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的現金狀況良好，銀行存款超過120萬美元，可兌現擔保投資證書（GIC）140萬美元，銀行信貸額度爲84.5萬美元，可提供大量流動資金。
The following financial summary shows results for the three and nine months ended September 30, 2023.
以下財務摘要顯示了截至2023年9月30日的三個月和九個月的業績。
| (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% | |||||||||
| （以千計） | 截至9月30日的三個月 | 截至9月30日的期間 | |||||||||||||||||
| 2023 | 2022 | % Chg | 2023 | 2022 | %Chg | ||||||||||||||
| 按類型劃分的收入： | |||||||||||||||||||
| 產品 | $ |
821 |
$ | 1,809 |
-55% |
$ |
2,140 |
$ | 4,267 |
-50% |
|||||||||
| 服務 |
419 |
332 |
26% |
2,379 |
1,141 |
109% | |||||||||||||
| 總收入 |
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% |
|
|||||||||||||
| 運營費用 |
802 |
1,008 |
-20% |
2,858 |
3,319 |
-14% | |||||||||||||
| 營業收入（虧損） |
111 |
(9) | NM |
(362) | (802) | -55% | |||||||||||||
| 其他收入（支出） | (9) | 23 |
NM |
(10) | (34) | -71% | |||||||||||||
| 根據國際財務報告準則報告的淨收益（虧損） | $ |
102 |
$ | 14 |
632% |
$ | (372) | $ | (836) | -55% | |||||||||
| |
|
|
|
|
|||||||||||||||
| 調整後的息稅折舊攤銷前利潤——非國際財務報告準則指標(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) 有關根據國際財務報告準則報告的調整後息稅折舊攤銷前利潤與淨收益（虧損）的對賬情況，請參閱管理層的討論與分析（“MD&A”）。
由於四捨五入的差異，表中的金額可能不一致。
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.
該期間的收入爲450萬美元，比去年下降了16％。但是，毛利率的提高（55.2％對46.5％）和運營支出減少14％，毛利潤僅略有減少（22,000美元）。與2022年同期相比，2023年產品/服務結構的變化對毛利率和淨收入損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.
最近幾個月，我們看到許多客戶採取了一些小措施來更新和/或擴展他們的網絡，儘管受到充滿挑戰的市場條件的影響，他們採取了謹慎的步伐。通過這種謹慎的方法，許多人正在研究軟件和服務解決方案，以減少或消除對資本設備的投資需求，而我們正在通過擴展軟件和服務產品來解決這個問題。隨着我們預訂越來越多的服務業務，我們在過去幾年中所做的工作和大量的研發投資正在獲得回報。
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.
與往常一樣，我們將繼續投資於滿足客戶當前和新興需求的創新計劃，並建立客戶關係，這是我們業務的核心。
"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.
“整個Novra團隊通過提供現在和未來所需的強大新產品和服務、響應式支持和技術專業知識，來支持我們的客戶實現其業務目標。我們的業務已經運營了30多年，因此我們了解與客戶建立長期關係的重要性。這就是爲什麼我們的產品、服務和整體業務運營都是圍繞着幾十年來每天贏得客戶的信任而設計的。業務運營執行副總裁帕蒂·蓋爾說，在客戶度過充滿挑戰的時代或擁抱激動人心的新機遇時，我們將我們的角色視爲團隊的延伸，支持他們取得下一個偉大的成就。
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+ ().
有關Novra截至2023年9月30日的九個月業績和前景的更多詳情，請參閱我們的MD&A和合並財務報表，這些報表可在SEDAR+ () 上查閱。
About Novra Technologies Inc.:
關於諾夫拉科技公司：
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（多倫多證券交易所股票代碼：NVI）（OTCQB：NVRVF）是一家爲多媒體寬帶內容分發提供產品、系統和服務的國際技術提供商。Novra 集團的公司包括 Novra Technologies Inc、國際數據廣播公司和韋格納公司。該集團中的公司以高度關注應用而聞名，包括：廣播視頻和廣播、數字影院、數字標牌和高度可靠的數據通信。
For more information visit:
欲了解更多信息，請訪問：
Forward-Looking Statements:
前瞻性陳述：
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.
本新聞稿包含適用的加拿大證券法所指的 “前瞻性陳述”，涉及但不限於：我們的盈利前景、對Wegener的待定收購以及未來業務的預期發展。前瞻性陳述通常通過 “期望”、“預期”、“相信”、“打算”、“估計”、“預測”、“展望”、“機會”、“勢頭”、“潛力”、“有針對性”、“計劃”、“可能”、“積極跡象”、“期待”、“計劃”、“正在開始” 等詞語來識別，以及關於事件、條件或結果 “將”、“可能” 或 “應該” 發生或實現的類似表述或陳述。因此，前瞻性陳述不是歷史事實，而是反映了我們當前對未來事件的假設和預期。它們受許多風險和不確定性的影響，這些風險和不確定性可能導致實際結果或事件與當前的預期和假設存在重大差異。其中一些風險和不確定性已在Novra的MD&A的 “風險和不確定性” 部分中進行了描述。
For the above reasons, readers are cautioned not to place undue reliance on forward-looking statements.
出於上述原因，提醒讀者不要過分依賴前瞻性陳述。
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.
多倫多證券交易所風險投資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。
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CONTACT FOR NOVRA:
NOVRA 聯繫人：
Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com
哈里斯·萊昂塔斯
總裁兼首席執行官
+1 204 989 4632
hliontas@novra.com
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問