Slinger Announces Revenue and Operating Results for the Second Quarter Fiscal 2021; Delays Release of Second Quarter Earnings Results and Call
Slinger Announces Revenue and Operating Results for the Second Quarter Fiscal 2021; Delays Release of Second Quarter Earnings Results and Call
- The Company is working with its auditor to resolve the technical accounting related to non-cash items associated with the convertible notes issued during the second fiscal quarter
- Announces postponement of 10-Q filing and conference call scheduled for December 15, 2021, at 10:00 A.M. Eastern Time
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Reports record revenue of $5.4 million and year-over-year revenue growth of 106%
- 公司正在與其審計師合作，解決與第二財季發行的可轉換票據相關的非現金項目的技術會計問題
- 宣佈推遲原定於2021年12月15日東部時間上午10點提交的10-Q文件和電話會議
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報告收入達到創紀錄的540萬美元，同比增長106%
BALTIMORE, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Slinger (OTCQB: SLBG), a leading connected sports technology company, today announced revenue and operating results for its second-quarter fiscal year 2021 ended October 31, 2021.
巴爾的摩，2021年12月15日(環球通訊社)--斯林格R(OTCQB：SLBG),一家領先的互聯體育技術公司今天公佈了截至2021年10月31日的2021財年第二季度收入和運營業績。
The Company is working with its auditor to finalize the technical accounting for its convertible note brought up during the quarter-end close. Once there is a resolution, the Company will file its 10-Q and proceed with its earnings release and investor strategy update/earnings conference call as soon as possible. In the interim, the Company is releasing the following preliminary results:
該公司正在與其審計師合作，最終確定其在季度末結束時提出的可轉換票據的技術會計。一旦有決議，該公司將提交10-Q報告，並儘快進行收益發布和投資者戰略更新/收益電話會議。在此期間，該公司將公佈以下初步結果：
Fiscal Second Quarter Highlights (Fiscal 2021 versus Fiscal 2020)
第二財季亮點(2021財年與2020財年)
- Revenue increased 106.1% to $5.4 million versus $2.6 million;
- Gross profit increased 100.4% to $2.1 million versus $1.0 million;
- GAAP operating loss of ($35.1) million versus ($0.2) million;
- Non-GAAP operating loss of ($0.8) million versus ($0.1) million.
- 收入增長106.1%，從260萬美元增至540萬美元；
- 毛利潤增長100.4%，從100萬美元增至210萬美元；
- GAAP營業虧損為(3510萬美元)，而不是(20萬美元)；
- 非GAAP營業虧損為80萬美元，而不是(10萬美元)。
| Select Financial Metrics: Q2 Fiscal 2021 versus Fiscal 2020 as of 10/31/21* | ||||||||||||
| (in $M) | 2Q21 | 2Q20 | Change | |||||||||
| Total Revenue | $ | 5.4 | $ | 2.6 | 106.1 | % | ||||||
| Gross Profit | $ | 2.1 | $ | 1.0 | 100.4 | % | ||||||
| Gross Margin | 38.6 | % | 39.7 | % | ||||||||
| Operating Loss | $ | (35.1 | ) | $ | (0.2 | ) | nm | |||||
| Non-GAAP Operating Loss | $ | (0.8 | ) | $ | (0.1 | ) | nm | |||||
| 部分財務指標：截至2021年10月31日的2021財年第二季度與2020財年* | ||||||||||||
| (單位：百萬美元) | 2Q21 | 2Q20 | 變化 | |||||||||
| 總收入 | $ | 5.4 | $ | 2.6 | 106.1 | % | ||||||
| 毛利 | $ | 2.1 | $ | 1.0 | 100.4 | % | ||||||
| 毛利率 | 38.6 | % | 39.7 | % | ||||||||
| 營業虧損 | $ | (35.1 | ) | $ | (0.2 | ) | NM | |||||
| 非GAAP營業虧損 | $ | (0.8 | ) | $ | (0.1 | ) | NM | |||||
*numbers may not add due to rounding
nm = not measurable/meaningful
*由於四捨五入，數字可能無法相加
NM=不可測量/有意義
Non-GAAP Financial Measures
非GAAP財務指標
In addition to our financial information presented in accordance with GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. We use the following non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. The non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, and not to rely on any single financial measure to evaluate our business, which it includes in press releases announcing quarterly financial results, including this press release.
除了我們根據GAAP提供的財務信息外，我們認為以下非GAAP財務指標在評估我們的經營業績時是有用的。我們使用以下非GAAP財務指標來評估我們正在進行的業務，並用於內部計劃和預測目的，包括編制我們的年度運營預算和季度預測，評估我們業務戰略的有效性，並就我們的財務業績與我們的董事會進行溝通。我們相信，當非GAAP財務指標與相應的GAAP財務指標結合使用時，可能會對投資者有所幫助，因為它們提供了與過去財務業績的一致性和可比性，並通過排除某些可能不能反映我們的業務、經營結果或前景的項目，提供了有關我們業績的有意義的補充信息。非GAAP財務指標僅供補充信息之用，作為分析工具有其侷限性，不應孤立地考慮或作為根據GAAP提供的財務信息的替代品，可能與其他公司使用的名稱類似的非GAAP財務指標不同。此外，其他公司，包括我們行業的公司，可能會以不同的方式計算類似名稱的非GAAP財務衡量標準，或者可能使用其他衡量標準來評估它們的業績，所有這些都可能降低我們的非GAAP財務衡量標準作為比較工具的有效性。我們鼓勵投資者審查相關的GAAP財務指標，以及這些非GAAP財務指標與其最直接可比的GAAP財務指標的協調情況，不要依賴任何單一的財務指標來評估我們的業務。, 它包括在宣佈季度財務業績的新聞稿中，包括本新聞稿。
We define non-GAAP operating loss as the respective GAAP measure, excluding expenses related to share-based compensation, shares and warrants issued in connection of services, amortization of acquired intangible assets, and acquisition-related expenses.
我們將非GAAP營業虧損定義為各自的GAAP計量，不包括與基於股份的薪酬相關的費用、與服務相關的股票和認股權證、已收購無形資產的攤銷以及與收購相關的費用。
| Reconciliation of GAAP Operating Loss to Non-GAAP Operating Loss | ||||||||
| (in $M) | 2Q21 | 2Q20 | ||||||
| GAAP operating loss | $ | (35.1 | ) | $ | (0.2 | ) | ||
| Exclude: | ||||||||
| Share-based compensation | $ | 32.3 | - | |||||
| Shares and warrants issued in connection with services | $ | 0.8 | $ | 0.1 | ||||
| Amortization of acquired intangible assets | $ | 0.1 | - | |||||
| Acquisition-related expenses | $ | 1.1 | - | |||||
| Non-GAAP operating loss | $ | (0.8 | ) | $ | (0.1 | ) | ||
| GAAP營業虧損與非GAAP營業虧損的對賬 | ||||||||
| (單位：百萬美元) | 2Q21 | 2Q20 | ||||||
| GAAP營業虧損 | $ | (35.1 | ) | $ | (0.2 | ) | ||
| 排除： | ||||||||
| 基於股份的薪酬 | $ | 32.3 | - | |||||
| 與服務相關而發行的股份及認股權證 | $ | 0.8 | $ | 0.1 | ||||
| 已取得無形資產的攤銷 | $ | 0.1 | - | |||||
| 收購相關費用 | $ | 1.1 | - | |||||
| 非GAAP營業虧損 | $ | (0.8 | ) | $ | (0.1 | ) | ||
The Slinger Bag is available to order now - to find out more about Slinger Bag, visit .
斯林格手袋現在可以訂購了-要了解更多關於斯林格手袋的信息，請訪問。
About Slinger
關於斯林格
Slinger® is a leading connected sports company focused on delivering innovative, game improvement technologies and equipment across tennis and other ball sports. Slinger® enhances the skill and enjoyment levels of players of all ages and abilities and is initially focused on building its brand within the global tennis market, through its Slinger Bag® Tennis Ball Launcher and Accessories. Slinger has underpinned its proof of concept with over $250M of retail value in global distribution agreements since the Spring of 2020 for the Slinger Bag®. Led by CEO Mike Ballardie, the former Prince CEO and Wilson EMEA racquet sports executive, Slinger® is disrupting what are traditional global sports markets with its patented, highly transportable, and affordable Slinger Bag® Launcher and its suite of connected app and SaaS services.
吊索®是一家領先的互聯體育公司，專注於在網球和其他球類運動中提供創新的比賽改進技術和設備。吊索®提高各個年齡段和能力的球員的技術和享受水平，最初專注於通過斯林格包在全球網球市場建立自己的品牌。®網球發射器和配件。自2020年春季以來，斯林格包在全球分銷協議中的零售價值超過2.5億美元，為其概念驗證奠定了基礎®。由首席執行官邁克領導巴拉第，普林斯(Prince)前首席執行官兼威爾遜歐洲、中東和非洲(EMEA)球拍運動高管斯林格®正在顛覆傳統的全球體育市場，它擁有專利，高度可運輸， 價格實惠的斯林格包®Launcher及其互聯應用程序和SaaS服務套件.
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
前瞻性陳述：本新聞稿包含“1933年證券法”第27A節和“1934年證券交易法”第21E節以及修訂後的“私人證券訴訟改革法”所指的某些前瞻性陳述，包括那些與公司的產品開發、臨牀和監管時間表、市場機會、競爭地位、可能或假設的未來經營結果、商業戰略、潛在增長機會以及其他具有預測性的陳述有關的陳述。這些前瞻性陳述是基於對我們經營的行業和市場的當前預期、估計、預測和預測，以及管理層目前的信念和假設。
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential, "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
這些表述可以通過使用前瞻性表述來識別，包括但不限於“預期”、“預期”、“打算”、“計劃”、“相信”、“估計”、“潛在”、“預測”、“項目”、“應該”、“將會”以及類似的表述和這些術語的否定。這些陳述與未來事件或我們的財務表現有關，涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定因素和其他因素可能導致實際結果、表現或成就與前瞻性陳述明示或暗示的任何未來結果、表現或成就大不相同。這些因素包括該公司提交給證券交易委員會的文件中陳述的因素。告誡潛在投資者不要過度依賴此類前瞻性陳述，這些陳述僅在本新聞稿發佈之日發表。公司不承擔公開更新任何前瞻性陳述的義務，無論是由於新信息、未來事件還是其他原因。
Contacts:
Investors:
investors@slingerbag.com
(443) 407-7564
www.slingerbagir.com
聯繫人：
投資者：
郵箱：Investors@slingerbag.com
(443) 407-7564
Www.slingerbagir.com