Jamieson Wellness Inc. Reports Fourth Quarter and Full Year 2022 Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Management will host a conference call to discuss the Companys fourth quarter and full year 2022 results at 5:00 p.m. In thousands of Canadian dollars, except as otherwise noted. TORONTO-- (BUSINESS WIRE)-- Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX: JWEL) today reported financial results for its third quarter ended September 30, 2021. As Chair of the Board of Directors since the Companys IPO, I am proud of our accomplishments and thankful for the opportunity to contribute to the Companys powerful vision of improving the worlds health and wellness. We have audited the consolidated financial statements of Jamieson Wellness Inc. and its subsidiaries (the Group), which comprise the consolidated statements of financial position as at December 31, 2020 and 2019, the consolidated statements of operations and comprehensive income, consolidated statements of changes in shareholders' equity and Full year 2021 includes a one-time impact of $0.9 million in the first quarter of 2021 relating to the acceleration of share-based compensation expense from future years in relation to the Companys CEO transition. Unlike other system improvement projects with costs capitalized, due to its cloud-based nature, these system implementation costs are expensed accordingly. Ruth Winker To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://viavid.webcasts.com/starthere.jsp?ei=1624672&tp_key=cf4b93bfa4. Jamieson Wellness manufactures and markets sports nutrition products and specialty supplements under its Progressive, Precision and Iron Vegan brands. 1 Adelaide Street East, Suite 2200 Toronto, Ontario, Canada M5C 2V9 (800) 265-5088 In thousands of Canadian dollars, except share and per share amounts. Jamieson Wellness Inc. (TSE:JWEL) is a favorite amongst institutional (1) This is a non-IFRS financial measure. Gross profit increased 44.1% to $71.2 million in the fourth quarter of 2022. The Company uses the following nonIFRS financial measures: EBITDA, Adjusted EBITDA and Adjusted net earnings, the most directly comparable financial measure for each that is disclosed in its financial statements being net earnings, normalized gross profit, normalized SG&A, normalized earnings from operations, cash from operating activities before working capital considerations and net debt, the most directly comparable financial measures for each that is disclosed in its financial statements being gross profit, SG&A, earnings from operations, cash flows from operating activities, and long-term debt, respectively, the following non-IFRS ratios: Adjusted EBITDA margin, Adjusted diluted earnings per share, normalized gross profit margin, normalized operating margin, and the following supplementary financial measures: gross profit margin, operating margin and USD denominated revenue, to provide supplemental measures of the Companys operating performance and thus highlight trends in the Companys core business that may not otherwise be apparent when relying solely on IFRS financial measures. Management will host a conference call to discuss the Companys fourth quarter and full year 2021 results at 5:00 p.m. See the Non-IFRS and Other Financial Measures section of this press release for more information on each supplementary financial measure. Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX: JWEL) today reported financial results for its first quarter ended March 31, 2019. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. A replay of the webcast will be available for approximately 30 days following the call. Jamieson Wellness Inc. Announces Date of Second Quarter 2023 Financial See an overview of income statement, balance sheet, and cash flow financials. NAMI HelpLine is available M-F 10 am - 10 pm, ET. See Non-IFRS and Other Financial Measures below. NASDAQ $13787.923 +196.62 (+1.43%) Bitcoin $30483.434 -124.01 (-0.41%) EUR/USD $1.0911 +0.005 (+0.42%) Crude Oil $70.45 +0.59 (+0.84%) Dupont Ratios Analysis Jamieson Wellness Inc. (JWEL.TO) $30.01 +0.42 (+1.42%) Add to Favorites Financial Summary Financial Statements Quarter Financials Chart Financial Ratios Profile Historical Data DCF DCF Levered This information is also used by management to measure the profitability of ongoing operations and in analyzing the Companys business performance and trends. Jamieson Wellness Inc. Consolidated Statements of Financial Position . Jamieson Wellness Inc. Reports First Quarter 2019 Financial Results and The Companys cash as at December 31, 2022 was $26.2 million compared with $6.8 million on December 31, 2021 due to foreign currencies (U.S. dollars) held for short-term obligations in Canada as well as the impact of its expanded global operations. Ginny Jamieson - Psychology Today Jamieson Wellness Inc. - Investor Overview . Highlights of Fourth Quarter 2021 Results versus Fourth Quarter 2020 Results, Highlights of Full Year 2021 Results versus Full Year 2020 Results. (6) Costs pertaining to the Companys LTIP, excludes PSUs and RSUs granted to certain employees. We remain confident in our ability to deliver our 2022 expectations, while navigating continued environmental uncertainties and driving value for all of our stakeholders.. The Company ended the quarter with approximately $132.7 million in cash and available operating lines and net debt of $142.4 million (1). (Financial statements can be found by searching online, using the SEDAR website, or directly on the company's website). TORONTO--(BUSINESS WIRE)--Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX:JWEL) announced today that the Company will release its second quarter 2023 financial results after the . Management will host a conference call to discuss the Companys first quarter 2022 results at 5:00 p.m. In thousands of Canadian dollars. Jamieson Brands segment revenue growth of 24.0% to 30.0%, driven by the following: Jamieson Canada revenue growth of 3.0% to 6.0%, reflecting continued consumer demand, marketing plans, innovation, and the impact of prior year pricing; Youtheory revenue of between $145.0 and $155.0 million (approximately 11.5% to 19.0% on a pro-forma basis) driven by product innovation, expanded e-commerce initiatives and distribution gains; Jamieson China revenue to increase by 65.0% to 75.0%, reflecting a transition to an owned distribution model and the related step-up in distributor level pricing realized on revenues beginning the second quarter of 2023 along with continued consumer demand in e-commerce and distribution gains in the domestic retail channels (approximately 25.0% to 30.0% growth on a pro-forma basis); Jamieson International revenue growth of 5.0% to 20.0% driven by marketing, innovation, and distribution into new markets as well as expansion across key regions. All amounts are expressed in Canadian dollars. The following tables provide a quantitative reconciliation of net earnings to EBITDA, Adjusted EBITDA, and Adjusted net earnings, as well as gross profit to normalized gross profit, SG&A to normalized SG&A, earnings from operations to normalized earnings from operations, each of which are non-IFRS financial measures (see the Non-IFRS and Other Financial Measures of this press release for further information on each non-IFRS financial measure) for the three months ended March 31, 2022 and March 31, 2021. Earnings from operations increased by $6.1 million, or 27.0%, to $28.9 million in the fourth quarter of 2021 and operating margin(3) increased by 3.3% to 22.2% as a result of higher revenue and gross profit margins, along with lower fixed costs as a percentage of revenue. ET today, February 24, 2022. The call can be accessed live over the telephone by dialing . To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://viavid.webcasts.com/starthere.jsp?ei=1594444&tp_key=5d1e64a28e, Selling, general and administrative expenses, Interest expense and other financing costs, Prepaid expenses and other current assets, Current portion of other long-term liabilities, Normalized selling, general and administrative expenses, Depreciation of property, plant, and equipment. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the Companys financial information reported under IFRS. Jamieson Wellness Inc. Dupont Ratios Analysis - Financial Modeling Prep Such information includes, but is not limited to, statements related to the Companys anticipated results and its outlook for its 2023 revenue, Adjusted EBITDA and Adjusted diluted earnings per share. (4) The Company incurred costs related to COVID-19. Location. Jamieson Wellness is dedicated to improving the world's health and wellness with its portfolio of innovative natural health brands. In thousands of Canadian dollars . The Company is maintaining its outlook for fiscal 2022 and continues to anticipate revenue in a range of $474.0 to $491.0 million, which represents annual growth of 5.0% to 9.0%. Jamieson Wellness is dedicated to improving the world's health and wellness with its portfolio of innovative natural health brands. PDF Jamieson Wellness Inc. Annual Report 2019 The call can be accessed live over the telephone by dialing 1-888-204-4368 from Canada and the U.S. or 1-323-994-2093 from international locations. Interested parties may listen to a simultaneous webcast of the conference call by logging on via the Investor Relations section of the Company's website at https://investors.jamiesonwellness.com or directly at https://viavid.webcasts.com/starthere.jsp?ei=1594444&tp_key=5d1e64a28e. (408) 872-9742. The Company cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect the Companys results. The Companys domestic branded sales increased by 10.9% in the fourth quarter of 2021, with strong point of purchase sales on an expanded consumer base and inventory replenishments to support seasonal promotional activities. Adjusted net earnings excludes costs associated with foreign exchange loss, IT system improvements, business integration, COVID-19 related costs, other non-operating earnings or expenses net of related tax effects. Jamieson Wellness Inc is scheduled to report earnings on August 10, 2023, and the estimated EPS forecast is C$0.35. San Jose, CA 95125. Investor and Media Contact Information: *. Institutional investors own over 50% of the company, so together than can . Pertains to the expenses relating to our equity based long-term incentive plan (the LTIP), along with associated payroll taxes. The Companys international USD denominated revenue(3) increased by 14.1%, or 12.6% on a reported basis compared with the fourth quarter of 2020 led by continued growth in China, partially offset by strong replenishments earlier in the year to other regions. See the Non-IFRS and Other Financial Measures section of this press release for more information on each non-IFRS financial measure. Forms and publications. See Non-IFRS and Other Financial Measures below. 416-705-5437 Jamieson Wellness Inc. International stock quotes are delayed as per exchange requirements. Interest expense and other financing costs increased by $4.4 million to $5.8 million due to higher average borrowing rates and higher borrowings to support the youtheory acquisition. A replay will be available shortly after the call and can be accessed by dialing 1-844-512-2921 from Canada and the U.S. or 1-412-317-6671 from international locations. TORONTO--(BUSINESS WIRE)--Jamieson Wellness Inc. (Jamieson Wellness or the Company) (TSX: JWEL) today reported financial results for its fourth quarter and year ended December 31, 2022. Jamieson Wellness Inc. Reports Second Quarter 2021 Financial Results Costs pertaining to the Companys LTIP, net of $0.1 million in tax benefits realized on the vesting of certain share-based awards for the fourth quarter of 2021. TORONTO Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX: JWEL) today reported financial results for its fourth quarter and year ended December 31, 2022. Q2 '22. Such risks and uncertainties include, but are not limited to, the factors discussed under Risk Factors in the Companys Annual Information Form dated March 30, 2021 and under the Risk Factors section in the 2021 MD&A filed today, February 24, 2022. Normalized SG&A expenses(1) increased $1.4 million to $20.7 million in the first quarter of 2022 due to additional resources in support of our international expansion and marketing investments for our 100 Years of Wellness campaign. (1) This is a non-IFRS financial measure. Please refer to Note 16 in the Companys audited consolidated annual financial statements. The Company has designated this dividend as an eligible dividend for the purposes of the Income Tax Act (Canada). Assets Jamieson Wellness The Company also markets Smart Solutions, the #1 women's natural health focused brand in Canada. Adjusted net earnings, which excludes all non-operating expenses and foreign exchange, increased by $2.9 million, or 16.3%, to $20.5 million in the fourth quarter of 2021. Our 13% increase in Adjusted EBITDA during the first quarter underscores this point given the inflationary challenges related to supply chain and transportation costs. This outlook for revenue growth reflects the following assumptions: The outlook for Adjusted EBITDA growth and Adjusted diluted earnings per share reflect the following assumptions: For additional details on the Companys fiscal 2023 outlook, including guidance for the first quarter of 2023, refer to the Outlook section in the managements discussion and analysis of financial condition and results of operations (2022 MD&A) for the three and twelve months ended December 31, 2022. We are extremely proud of the progress and improvements we made in our environmental, social and governance practices in 2021, and of our plans to build on them in 2022 and beyond. Adjusted net earnings in the quarter exclude costs associated with foreign exchange gain/loss, acquisition related costs, IT system improvements, and other non-operating earnings or expenses net of related tax effects. Increases Fiscal 2021 Guidance and Declares Increased Quarterly Dividend TORONTO-- (BUSINESS WIRE)-- Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX: JWEL) today reported financial results for its second quarter ended June 30, 2021. Jamieson Wellness Inc. Reports First Quarter 2023 - Financial Post You can see Jamieson Wellness' historic earnings and revenue below, but keep in mind there's always more to the story. Revenue increased by 48.5% to $192.8 million; Jamieson Brands revenue increased by 56.3%, with organic growth of 5.6%; Net earnings were $22.1 million and Adjusted net earnings, Diluted earnings per share were $0.52, and Adjusted diluted earnings per share. In addition to celebrating our 100th year of improving the worlds health and wellness with our Jamieson brand, we made significant advancements in our primary growth pillars as we continue to expand our category leadership globally beyond this milestone year. JAMIESON WELLNESS INC Financial Statements - TSX:JWEL - TradingView PDF Unaudited Condensed Consolidated Interim Financial Statements For the Details on the pending transaction can be found in a separate media release issued this afternoon. The passcode for the replay is 5102700 and it will be available until Thursday, March 10, 2022. See below for a quantitative reconciliation of each non-IFRS financial measure to its most directly comparable financial measure disclosed in the Companys financial statements to which the measure relates. Mr. Williams retirement from the Board will take effect upon conclusion of the AGM. The passcode for the replay is 40464539 and it will be available until Thursday, August 17, 2023. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Companys control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Highlights of First Quarter 2022 Results versus First Quarter 2021 Results, We delivered another solid quarter led by revenue growth in Jamieson Brands, reflecting the strength of our growing global platform and consistent execution by our team, said Mike Pilato, President and CEO of Jamieson Wellness. Announces Date of First Quarter 2023 Financial Results and Conference Call, Jamieson Wellness Inc. Highlights of Full Year 2022 Results versus Full Year 2021 Results Revenue increased by 21.4% to $547.4 million; Jamieson Brands revenue increased by 27.9%, with organic growth of 8.1%; Adjusted. DirectorJamieson Wellness Inc. Unaudited Consolidated Interim Statements of Operations and Comprehensive Income In thousands of Canadian dollars, except share and per share amounts Notes Three months ended March 31,20232022 2022 Jamieson Wellness 2022 Annual Report 2021 Jamieson Wellness 2021 Annual Report 2020 Jamieson Wellness 2020 Annual Report 2019 Jamieson Wellness 2019 Annual Report 2018 Jamieson Wellness 2018 Annual Report 2017 Jamieson Wellness 2017 Annual Report All. PDF Consolidated Financial Statements For the years ended December 31, 2020 The Companys cash as at December 31, 2021 was $6.8 million compared with $1.2 million on December 31, 2020. Ruth Winker This press release may contain forward-looking information within the meaning of applicable securities legislation. Investor and Media Contact Information: In the first quarter of 2021, expenses include similar shift premiums and the donation of vitamins and supplements to charitable organizations. Announces Filing of Management Information Circular for Annual and Special Meeting of Shareholders, Jamieson Wellness Inc. Reports Fourth Quarter and Full Year 2022 Financial Results, Jamieson Wellness Inc. Gross profit increased by $4.1 million to $37.9 million in the first quarter of 2022 mainly driven by revenue growth and improved operating efficiencies in the Jamieson Brands segment. About Jamieson Wellness. This, combined with our strategic focus and track record of operational excellence gives us confidence in our ability to continue driving exceptional revenue and earnings growth. Our organization. Consolidated Financial Statements and Managements Discussion and Analysis. As we look to the future and our leadership beyond this 100-year mark, underlying consumer demand for our products remains strong. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures. Management also uses nonIFRS and supplementary financial measures in order to prepare annual operating budgets and to determine components of management compensation. Jamieson Wellness is dedicated to improving the world's health and wellness with its portfolio of innovative natural health brands. The Company cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect the Companys results. The Company is introducing its outlook for fiscal 2023 and anticipates revenue in a range of $670.0 to $700.0 million, which represents annual growth of 22.0% to 28.0%. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures. This press release may contain forward-looking information within the meaning of applicable securities legislation. 2022 was a transformative year for Jamieson Wellness, said Mike Pilato, President and CEO of Jamieson Wellness. For additional details on the Companys fiscal 2022 outlook, including guidance for the second quarter of 2022, refer to the Outlook section in the managements discussion and analysis of financial condition and results of operations (MD&A) for the three months ended March 31, 2022. Narrows Fiscal 2021 Guidance and Declares Third Quarter Dividend Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX: JWEL) today reported financial results for its third quarter ended September 30, 2021. This press release makes reference to certain financial measures, including non-IFRS financial measures that are historical, non-IFRS measures that are forward-looking, non-GAAP ratios and supplementary financial measures. Along with the entire team at Jamieson Wellness, I am excited about our ability to impact positive change while delivering on our aggressive but achievable targets, and look forward to solidifying our brand leadership position for the next 100 years.. The board of directors of the Company authorized and declared a cash dividend for the fourth quarter of 2022 of $0.17 per common share, or approximately $7.1 million in the aggregate. These costs do not reflect the ongoing costs of operation and they have been adjusted for comparison purposes. Cash from operating activities before working capital considerations(1) of $24.5 million was $2.3 million higher due to increased earnings in the current quarter. December 31, 2022 . JWEL.CA | Jamieson Wellness Inc. Annual Income Statement - WSJ