QYOU Media Reports Record Q2 FY 2024 Results
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) reported record Q2 FY 2024 results, achieving positive quarterly Adjusted EBITDA for the first time in company history. Key highlights include:
1. Quarterly revenue of $8,277,457, the highest ever, driven by strong performance in QYOU USA and Chtrbox India.
2. Positive Adjusted EBITDA of $119,321, a 122% improvement year-over-year.
3. Net loss improved by 62% compared to the same period last year.
4. Cash balance of $1,010,556 as of June 30, 2024.
CEO Curt Marvis emphasized the company's focus on bottom-line performance and cash-positive results, aiming to strengthen the balance sheet and improve overall financial performance.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) ha riportato risultati record per il secondo trimestre dell'anno fiscale 2024, raggiungendo per la prima volta nella storia dell'azienda un EBITDA rettificato trimestrale positivo. I principali punti salienti includono:
1. Ricavi trimestrali di $8,277,457, il valore più alto mai registrato, sostenuti da una performance forte di QYOU USA e Chtrbox India.
2. EBITDA rettificato positivo di $119,321, un miglioramento del 122% rispetto all'anno precedente.
3. La perdita netta è migliorata del 62% rispetto allo stesso periodo dell'anno scorso.
4. Saldo di cassa di $1,010,556
Il CEO Curt Marvis ha messo in evidenza il focus dell'azienda sulle performance finanziarie e sui risultati positivi in termini di liquidità, con l'obiettivo di rafforzare il bilancio e migliorare le performance finanziarie complessive.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) reportó resultados récord para el segundo trimestre del año fiscal 2024, logrando por primera vez en la historia de la empresa un EBITDA ajustado trimestral positivo. Los aspectos más destacados incluyen:
1. Ingresos trimestrales de $8,277,457, la cifra más alta registrada, impulsados por un sólido desempeño en QYOU USA y Chtrbox India.
2. EBITDA ajustado positivo de $119,321, una mejora del 122% en comparación con el año anterior.
3. La pérdida neta mejoró un 62% en comparación con el mismo período del año pasado.
4. Saldo de efectivo de $1,010,556 al 30 de junio de 2024.
El CEO Curt Marvis destacó el enfoque de la empresa en el rendimiento y en resultados positivos en efectivo, con el objetivo de fortalecer el balance y mejorar el rendimiento financiero general.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF)는 2024 회계연도 2분기 기록적인 실적을 보고하며 회사 역사상 처음으로 분기별 조정 EBITDA가 긍정적인 결과를 달성했다고 전했습니다. 주요 하이라이트는 다음과 같습니다:
1. 분기 매출 $8,277,457로 역대 최고이며, QYOU USA와 Chtrbox India의 강력한 실적에 의해 발생했습니다.
2. 조정 EBITDA는 $119,321로 전년 대비 122% 개선되었습니다.
3. 순손실은 지난해 같은 시기와 비교해 62% 개선되었습니다.
4. 2024년 6월 30일 기준 현금 잔고는 $1,010,556입니다.
CEO Curt Marvis는 회사의 재무 성과와 현금 유입 결과를 중시하며, 재무 상태를 강화하고 전반적인 재무 성과를 개선하는 것을 목표로 한다고 강조했습니다.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) a annoncé des résultats record pour le deuxième trimestre de l'exercice fiscal 2024, réalisant pour la première fois dans l'histoire de l'entreprise un EBITDA ajusté positif pour un trimestre. Les points forts incluent :
1. Chiffre d'affaires trimestriel de $8,277,457, le plus élevé jamais enregistré, soutenu par une forte performance de QYOU USA et de Chtrbox Inde.
2. EBITDA ajusté positif de $119,321, une amélioration de 122 % par rapport à l'année précédente.
3. La perte nette s'est améliorée de 62 % par rapport à la même période l'an dernier.
4. Solde de trésorerie de $1,010,556 au 30 juin 2024.
Le PDG Curt Marvis a souligné l'accent mis sur les performances financières et les résultats positifs en matière de liquidités, visant à renforcer le bilan et à améliorer les performances financières globales.
QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF) hat Rekordergebnisse für das zweite Quartal des Geschäftsjahres 2024 gemeldet und erreicht erstmals in der Unternehmensgeschichte ein positives trimestrales Adjusted EBITDA. Die wichtigsten Highlights sind:
1. Quartalsumsatz von $8,277,457, dem höchsten Wert aller Zeiten, angetrieben durch starke Leistungen von QYOU USA und Chtrbox Indien.
2. Positives Adjusted EBITDA von $119,321, eine Verbesserung von 122% im Vergleich zum Vorjahr.
3. Der Nettoverlust verbesserte sich um 62% im Vergleich zum gleichen Zeitraum des Vorjahres.
4. Barguthaben von $1,010,556 zum 30. Juni 2024.
CEO Curt Marvis betonte den Fokus des Unternehmens auf die Leistung und auf positive Cash-Ergebnisse, mit dem Ziel, die Bilanz zu stärken und die finanzielle Gesamtleistung zu verbessern.
- Record quarterly revenue of $8,277,457, a 12% increase year-over-year
- First-time positive Adjusted EBITDA of $119,321, a 122% improvement
- Net loss improved by 62% compared to the same period last year
- Cash balance increased to $1,010,556 from $736,713 in December 2023
- Reduced cash used in operating activities by 72% compared to Q2 2023
- Company still operating at a net loss, despite improvements
Company Reports Positive Quarterly Adjusted EBITDA* For the First Time in its History
- Continued Strong Revenue: The company recorded quarterly revenue of
$8,277,457 USA and Chtrbox India Influencer Marketing business units. Revenue on a YOY basis increased by$1,703,106 12% . - Positive Adjusted EBITDA*: For the three months ended June 30, 2024 compared to the same period prior year, Adjusted EBITDA significantly improved by
122% or$654,618 $119,321 USA 's strong revenue growth and profitability along with a meaningful reduction of costs all directed towards achieving cash positive operating results. - Improved Net Loss: For the three months ended June 30, 2024, net loss improved by
$889,509 62% compared to the same period prior year, most significantly driven by strong revenue growth augmented by a meaningful reduction of overall operating costs and investments. - Cash Balance: The Company concluded the three months ended June 30, 2024 with cash of
$1,010,556 $736,713 $398,555 $1,439,716
QYOU Media CEO and Co-Founder, Curt Marvis commented, "Q2 2024 reflects the push from India Group CEO Raj Mishra and QYOU
More commentary on the Q2 results will be provided by CEO and Co-Founder Curt Marvis along with India Group CEO Raj Mishra on the next "First Thursday" video published to the company YouTube channel on Thursday September 5th at 8 AM PST available when you CLICK HERE. Please submit any questions to the QYOU Investor email address by Sunday September 1st when you CLICK HERE.
*Note on Adjusted EBITDA:
To supplement our consolidated financial statements, which are prepared and presented in accordance with International Financial Reporting Standards ("IFRS"), we present Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA") which is a non-IFRS financial measure. The presentation of non-IFRS financial measurement are not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss or net income (loss) or any other performance measures derived in accordance with IFRS or as an alternative to net cash provided by operating activities or any other measures of cash flows or liquidity.
We define earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") as revenue minus operating expenses excluding non-cash and or non-recurring operating expenses including but not limited to stock-based compensation, marketing credits, depreciation and amortization (interest and taxes are not included in the Company's operating expenses). Adjusted EBITDA is used as an internal measure to evaluate the performance of our operating segments. We believe that information about this non-IFRS financial measure assists investors by allowing them to evaluate changes in operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and other factors that affect reported results. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Furthermore, this measure may vary among companies; thus Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
In compliance with the TSX Venture Exchange's policies, QYOU Media Inc. announces that it previously engaged the services of ICP Securities Inc. ("ICP") to provide 'market making' services for a monthly service fee of
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Words such as "expects'', "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein may include, but are not limited to, information concerning the completion of future investments, the approval of the Exchange of the investments, the approval of the Reserve Bank of
About QYOU Media
One of the fastest growing creator-media companies, QYOU Media operates in
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.
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SOURCE QYOU Media Inc.
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