Revenue Performance - The company's revenue decreased from approximately €8.1 million for the three months ended March 31, 2018, to approximately €7.7 million for the three months ended March 31, 2019, a decline of about 5.2%[11] - Total revenue for the first quarter ended March 31, 2019, was €7,654,409, a decrease of 5.2% from €8,071,320 in the same period of 2018[78] - Revenue from home phones was €6,262,030, down 6.9% from €6,728,493 year-over-year[78] - Revenue from office phones increased to €857,823, up 14.9% from €746,688 in the previous year[78] - Sales in the home phone segment decreased to approximately €6.3 million, accounting for 81.8% of total revenue for the three months ended March 31, 2019, down from 83.4% in the same period of 2018[19] - Sales in France accounted for 54.0% of total revenue for the three months ended March 31, 2019, compared to 54.6% in the same period of 2018[25] - Revenue from Latin America was €1,225,796, down 4.5% from €1,283,530 in the previous year[78] - Revenue from other product categories remained stable at approximately €0.5 million, accounting for 7.0% of total revenue for the three months ended March 31, 2019[20] - Sales to Latin America remained relatively stable at approximately €1.2 million for the three months ended March 31, 2019[29] - Revenue from the Asia-Pacific, Russia, and Middle East regions increased by €0.1 million or 29.0% compared to the same period in 2018[29] Profit and Loss - The loss attributable to equity holders increased from approximately €0.3 million for the three months ended March 31, 2018, to approximately €0.6 million for the three months ended March 31, 2019[11] - The group recorded a loss of approximately €0.6 million for the three months ended March 31, 2019, compared to a loss of approximately €0.3 million for the three months ended March 31, 2018[33] - The company incurred a net loss of €585,838 for the three months ended March 31, 2019, compared to a net loss of €301,592 for the same period in 2018, representing an increase in loss of 94.3%[67] - The total comprehensive loss for the period was €556,686, compared to €609,951 for the same period in 2018, indicating a decrease in comprehensive loss of 8.7%[69] - Basic and diluted loss per share for the period was €0.14, compared to €0.08 for the same period in 2018[67] - Basic loss per share for the first quarter of 2019 was €0.08, an improvement from €0.14 in the same quarter of 2018[83] Expenses and Costs - The cost of sales decreased by approximately 4.7% to about €5.6 million for the three months ended March 31, 2019, consistent with the decline in revenue[32] - The gross profit margin remained stable at approximately 26.6% for the three months ended March 31, 2019, compared to 26.9% for the same period of 2018[32] - Sales and distribution expenses increased from approximately €0.9 million for the three months ended March 31, 2018, to approximately €1.0 million for the three months ended March 31, 2019, primarily due to increased trade show expenses, warehouse costs, and expanded sales force[33] - The financial costs for the period were €113,577, an increase from €97,543 in the same period last year[67] - The company maintained stable administrative expenses at approximately €1.6 million for the three months ended March 31, 2019, excluding IPO-related expenses[33] Corporate Governance and Compliance - The company has appointed a compliance advisor, which is expected to enhance governance and compliance with GEM listing rules[58] - The board believes that good corporate governance is a key element in managing the group's business and affairs, and has complied with the corporate governance code[61] - The company’s financial statements for the period were reviewed by the audit committee, ensuring oversight and accuracy in reporting[63] Shareholder Information - The board did not recommend the payment of dividends for the three months ended March 31, 2019[33] - The company did not declare or pay any dividends during the three months ended March 31, 2019, and 2018[86] - As of March 31, 2019, major shareholders included Eiffel Global Limited with a 75% stake, and the company’s directors held significant interests in the shares[45] - The company did not purchase, redeem, or sell any of its shares during the three months ended March 31, 2019[43] - No share options were granted or exercised under the share option scheme during the three months ended March 31, 2019[44] Future Plans and Investments - The net proceeds from the public offering and placement amounted to approximately HK$23.1 million after deducting related expenses[38] - As of March 31, 2019, the company had allocated funds for various projects, including €5.3 million for developing elderly communication products and €3.0 million for expanding regional coverage[40] - The company plans to continue utilizing the net proceeds for the purposes outlined in the prospectus[38]
ATLINKS(08043) - 2019 Q1 - 季度财报