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Zoom Reports Financial Results for the First Quarter of Fiscal Year 2022

  • First quarter total revenue of $956.2 million, up 191% year over year
  • Number of customers contributing more than $100,000 in TTM revenue up 160% year over year
  • Approximately 497,000 customers with more than 10 employees, up 87% year over year

SAN JOSE, Calif., June 01, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the first fiscal quarter ended April 30, 2021.

“We kicked off the fiscal year with a very strong first quarter, posting 191% total year-over-year revenue growth combined with strong profitability and cash flow. Our steadfast commitment to empowering customers to work and learn from anywhere with our expansive, innovative, and frictionless video communications platform continued to drive our results. With this solid start, we are pleased to raise our total guidance range to $3.975 billion to $3.990 billion for the full fiscal year,” said Zoom founder and CEO, Eric S. Yuan. “We have also opened our technology portfolio to developers through our powerful video SDK and to businesses to expand their reach through Zoom Events. Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life. We are energized to help lead the evolution to hybrid work that allows greater flexibility, productivity, and happiness to both in-person and virtual connections.”

First Quarter Fiscal Year 2022 Financial Highlights:

  • Revenue: Total revenue for the first quarter was $956.2 million, up 191% year over year.
  • Income from Operations and Operating Margin: GAAP income from operations for the first quarter was $226.3 million, up from $23.4 million in the first quarter of fiscal year 2021. After adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net, non-GAAP income from operations for the first quarter was $400.9 million, up from $54.6 million in the first quarter of fiscal year 2021. For the first quarter, GAAP operating margin was 23.7% and non-GAAP operating margin was 41.9%.
  • Net Income and Net Income Per Share: GAAP net income attributable to common stockholders for the first quarter was $227.4 million, or $0.74 per share, up from $27.0 million, or $0.09 per share in the first quarter of fiscal year 2021.

    Non-GAAP net income for the quarter was $402.1 million, after adjusting for stock-based compensation expense and related payroll taxes, acquisition-related expenses, litigation settlements, net, and undistributed earnings attributable to participating securities. Non-GAAP net income per share was $1.32. In the first quarter of fiscal year 2021, non-GAAP net income was $58.3 million, or $0.20 per share.

  • Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of April 30, 2021 was $4.7 billion.
  • Cash Flow: Net cash provided by operating activities was $533.3 million for the first quarter, compared to $259.0 million in the first quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $454.2 million, compared to $251.7 million in the first quarter of fiscal year 2021.

Customer Metrics: Drivers of total revenue included acquiring new customers and expanding across existing customers. At the end of the first quarter of fiscal year 2022, Zoom had:

  • Approximately 497,000 customers with more than 10 employees, up approximately 87% from the same quarter last fiscal year.
  • 1,999 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 160% from the same quarter last fiscal year.
  • A trailing 12-month net dollar expansion rate in customers with more than 10 employees above 130% for the 12th consecutive quarter.

Financial Outlook: Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022.

  • Second Quarter Fiscal Year 2022: Total revenue is expected to be between $985.0 million and $990.0 million and non-GAAP income from operations is expected to be between $355.0 million and $360.0 million. Non-GAAP diluted EPS is expected to be between $1.14 and $1.15 with approximately 311 million non-GAAP weighted average shares outstanding.
  • Full Fiscal Year 2022: Total revenue is expected to be between $3.975 billion and $3.990 billion. Non-GAAP income from operations is expected to be between $1.425 billion and $1.440 billion. Non-GAAP diluted EPS is expected to be between $4.56 and $4.61 with approximately 311 million non-GAAP weighted average shares outstanding.

Additional information on Zoom’s reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom’s results computed in accordance with GAAP.

A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website at investors.zoom.us.

Zoom Video Earnings Call

Zoom will host a Zoom Video Webinar for investors on June 1, 2021 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company’s financial results and business highlights. Investors are invited to join the Zoom Video Webinar by visiting: https://investors.zoom.us/

About Zoom

Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the second quarter of fiscal year 2022 and full fiscal year 2022, Zoom’s growth strategy and business aspirations to lead the evolution to hybrid work. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers and hosts, renewals or upgrades, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto, including the potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers, particularly as a vaccine becomes widely available, and users return to work or school or are otherwise no longer subject to shelter-in-place mandates, as well as the impact of COVID-19 on the overall economic environment, any or all of which will have an impact on demand for remote work solutions for businesses as well as overall distributed, face-to-face interactions and collaboration using Zoom, delays or outages in services from our co-located data centers, and failures in internet infrastructure or interference with broadband access which could cause current or potential users to believe that our systems are unreliable. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our annual report on Form 10-K for the fiscal year ended January 31, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures

Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zoom’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zoom’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Zoom’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation.

Non-GAAP Income From Operations and Non-GAAP Operating Margins. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, and litigation settlements, net. Zoom excludes stock-based compensation expense and expenses related to charitable donation of common stock because they are non-cash in nature and excluding these expenses provides meaningful supplemental information regarding Zoom’s operational performance and allows investors the ability to make more meaningful comparisons between Zoom’s operating results and those of other companies. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom’s operating results. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry.

Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, litigation settlements, net, and undistributed earnings attributable to participating securities. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zoom’s core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zoom’s business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry.

In order to calculate non-GAAP net income per share, basic and diluted, Zoom uses a non-GAAP weighted-average share count. Zoom defines non-GAAP weighted-average shares used to compute non-GAAP net income per share, basic and diluted, as GAAP weighted average shares used to compute net income per share attributable to common stockholders, basic and diluted, adjusted to reflect the common stock issued in connection with the IPO, including the concurrent private placement, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability.

Free Cash Flow. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business.

Customer Metrics

Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts.

Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (“ARR”) from all customers with more than 10 employees as of 12 months prior (“Prior Period ARR”). Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. We then calculate the ARR from these customers as of the current period end (“Current Period ARR”), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months.

Press Relations

Colleen Rodriguez
Global Public Relations Lead for Zoom
press@zoom.us

Investor Relations

Tom McCallum
Head of Investor Relations for Zoom
investors@zoom.us

Zoom Video Communications, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands)

As of
April 30,
2021		 January 31,
2021
Assets
Current assets:
Cash and cash equivalents $ 1,557,270 $ 2,240,303
Marketable securities 3,132,309 2,004,410
Accounts receivable, net 366,346 294,703
Deferred contract acquisition costs, current 148,645 136,630
Prepaid expenses and other current assets 136,326 116,819
Total current assets 5,340,896 4,792,865
Deferred contract acquisition costs, noncurrent 155,295 157,262
Property and equipment, net 192,410 149,924
Operating lease right-of-use assets 93,780 97,649
Goodwill 24,340 24,340
Other assets, noncurrent 81,890 75,953
Total assets $ 5,888,611 $ 5,297,993
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 8,324 $ 8,664
Accrued expenses and other current liabilities 450,678 393,018
Deferred revenue, current 1,069,334 858,284
Total current liabilities 1,528,336 1,259,966
Deferred revenue, noncurrent 25,089 25,211
Operating lease liabilities, noncurrent 86,433 90,415
Other liabilities, noncurrent 56,020 61,634
Total liabilities 1,695,878 1,437,226
Stockholders’ equity:
Preferred stock — —
Common stock 293 292
Additional paid-in capital 3,292,241 3,187,168
Accumulated other comprehensive income 200 839
Retained earnings 899,999 672,468
Total stockholders’ equity 4,192,733 3,860,767
Total liabilities and stockholders’ equity $ 5,888,611 $ 5,297,993

Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $28.8 million and $24.6 million as of April 30, 2021 and January 31, 2021, respectively.

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended April 30,
2021 2020
Revenue $ 956,237 $ 328,167
Cost of revenue 264,994 103,707
Gross profit 691,243 224,460
Operating expenses:
Research and development 65,175 26,389
Sales and marketing 245,667 121,556
General and administrative 154,089 53,130
Total operating expenses 464,931 201,075
Income from operations 226,312 23,385
Interest income and other, net 2,619 5,790
Income before provision for income taxes 228,931 29,175
Provision for income taxes 1,400 2,100
Net income 227,531 27,075
Undistributed earnings attributable to participating securities (148 ) (39 )
Net income attributable to common stockholders $ 227,383 $ 27,036
Net income per share attributable to common stockholders:
Basic $ 0.77 $ 0.10
Diluted $ 0.74 $ 0.09
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic 293,794,778 279,891,111
Diluted 305,412,419 295,184,958

Zoom Video Communications, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)

Three Months Ended April 30,
2021 2020
Cash flows from operating activities:
Net income $ 227,531 $ 27,075
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense 98,969 28,777
Amortization of deferred contract acquisition costs 37,766 16,287
Charitable donation of common stock — 1,000
Provision for accounts receivable allowances 4,055 3,868
Depreciation and amortization 10,663 5,339
Non-cash operating lease cost 4,274 2,248
Other 5,866 (1,421 )
Changes in operating assets and liabilities:
Accounts receivable (75,665 ) (142,501 )
Prepaid expenses and other assets (29,975 ) (49,080 )
Deferred contract acquisition costs (47,813 ) (124,854 )
Accounts payable 1,592 1,756
Accrued expenses and other liabilities 88,656 167,322
Deferred revenue 210,896 322,862
Operating lease liabilities, net (3,513 ) 287
Net cash provided by operating activities 533,302 258,965
Cash flows from investing activities:
Purchases of marketable securities (1,425,451 ) (207,546 )
Maturities of marketable securities 291,047 137,014
Sales of marketable securities — 26,613
Purchases of property and equipment (79,074 ) (7,272 )
Purchase of equity investment — (8,000 )
Purchase of convertible promissory note (6,500 ) (5,000 )
Purchase of intangible assets — (162 )
Other — 1,319
Net cash used in investing activities (1,219,978 ) (63,034 )
Cash flows from financing activities:
Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (9,984 ) 218,540
Proceeds from exercise of stock options 3,368 9,586
Other 337 —
Net cash (used in) provided by financing activities (6,279 ) 228,126
Net (decrease) increase in cash, cash equivalents, and restricted cash (692,955 ) 424,057
Cash, cash equivalents, and restricted cash – beginning of period 2,293,116 334,082
Cash, cash equivalents, and restricted cash – end of period $ 1,600,161 $ 758,139

Zoom Video Communications, Inc.
Reconciliation of GAAP to Non-GAAP Measures
(Unaudited, in thousands, except share and per share amounts)

Three Months Ended April 30,
2021 2020
GAAP income from operations $ 226,312 $ 23,385
Add:
Stock-based compensation expense and related payroll taxes 104,375 30,246
Litigation settlements, net 66,916 —
Acquisition-related expenses 3,284 —
Charitable donation of common stock — 1,000
Non-GAAP income from operations $ 400,887 $ 54,631
GAAP net income attributable to common stockholders $ 227,383 $ 27,036
Add:
Stock-based compensation expense and related payroll taxes 104,375 30,246
Litigation settlements, net 66,916 —
Acquisition-related expenses 3,284 —
Charitable donation of common stock — 1,000
Undistributed earnings attributable to participating securities 148 39
Non-GAAP net income $ 402,106 $ 58,321
Net income per share – basic and diluted:
GAAP net income per share – basic $ 0.77 $ 0.10
Non-GAAP net income per share – basic $ 1.37 $ 0.21
GAAP net income per share – diluted $ 0.74 $ 0.09
Non-GAAP net income per share – diluted $ 1.32 $ 0.20
GAAP and non-GAAP weighted-average shares used to compute net income per share – basic 293,794,778 279,891,111
GAAP and non-GAAP weighted-average shares used to compute net income per share – diluted 305,412,419 295,184,958
Net cash provided by operating activities $ 533,302 $ 258,965
Less:
Purchases of property and equipment (79,074 ) (7,272 )
Free cash flow (non-GAAP) $ 454,228 $ 251,693
Net cash used in investing activities $ (1,219,978 ) $ (63,034 )
Net cash (used in) provided by financing activities $ (6,279 ) $ 228,126

 

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A new chapter powered by a global coalition: SNOMED International releases its 2020 Annual Report

London, UK, June 01, 2021 (GLOBE NEWSWIRE) — 2020 has been a year like no other in the world’s recent history. The COVID-19 pandemic has impacted the health and well-being of a global community, and, in doing so, has necessitated shifts in the way the world conducts business, engages with colleagues, and, at a personal level, connects with family and friends. The continued dedication and service of healthcare providers globally, despite the new demands placed on them as a result of the pandemic, cannot be overstated.

SNOMED International’s 2020 Annual Report, “A new chapter powered by a global coalition,” demonstrates the vast breadth of progress made possible by the will of a growing and committed community. The start of the year was marked by the delivery of necessary COVID-19 terminology to equip healthcare systems globally in their management of the pandemic, an activity which continued steadily throughout the year. Further, 2020 marked the first year of a new five-year strategy, the focus of which tackled many imperatives for the organization’s product and services enhancement and innovation.

The organization continued to strengthen its connections with Members through refreshed statements of the value SNOMED CT delivers to its complement of stakeholders, further underlining the case for investment in SNOMED CT — a product uniquely positioned to support innovation in medicine with artificial intelligence and personalized medicine playing an increasingly prevalent role in safe and informed care delivery.

As SNOMED International continues to satisfy the mission and vision that guide its new strategy, the organization is energized by the desire for innovation and commitment to excellence observed from Members, governance bodies and the SNOMED CT Community of Practice.

SNOMED International is proud of its collective achievements in 2020 and looks forward to sharing them with the global SNOMED CT community. Read SNOMED International’s 2020 Annual Report and contact info@snomed.org with inquiries.

About SNOMED International

SNOMED International is a not-for-profit organization that owns and develops SNOMED CT, the world’s most comprehensive healthcare terminology product. We play an essential role in improving the health of humankind by determining standards for a codified language that represents groups of clinical terms. This enables healthcare information to be exchanged globally for the benefit of patients and other stakeholders. A Member oriented organization, we are committed to the rigorous evolution of our products and services, to deliver continuous innovation for the global healthcare community. SNOMED International is the trading name of the International Health Terminology Standards Development

Kelly Kuru
SNOMED International
comms@snomed.org
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BAND Royalty Is Changing the NFT Landscape

NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) — via InvestorWire — BAND Royalty today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “NFTs Flipping the Script, Bringing Value Back to Music Artists,” please visit: https://nnw.fm/dvON4

Currently retail investors can only get exposure to the music industry by buying stock in a public music label, investing in funds that buy/sell music royalties, or via websites that auction royalty rights, often well into the six-figure dollar range. In what many perceive as a ground-floor opportunity, BAND Royalty is changing the landscape and making it accessible for retail investors to participate by owning NFTs.

After a private sale of music NFTs that generated almost $1 million, BAND launched its own NFT sales platform on its website, creating the first music NFT-only platform this month. The company opened up access to the first series of 3,000 BAND NFTs on its platform, staggering the release based on rarity. The company’s plan is to keep the NFT count tight, much like other popular NFT projects such as CryptoPunks and Hashmasks, both of which have had secondary market sales in the millions of dollars. The long-term intention is to have a maximum of 12,000 BAND NFTs across four different series to be released over the next 18 months.

About BAND Royalty

BAND Royalty lets music lovers and fans take their enjoyment of music to the next level by offering blockchain-secured BAND NFTs that enable holders to earn crypto from some of the world’s most popular songs. This unique opportunity allows individuals to share in income streams each time a song in the BAND music catalog is performed. The name BAND is derived from the initials of its co-founders, blockchain experts Barnaby Andersun (BA) + Noble Drakoln (ND).

To learn more about the company, visit https://BandRoyalty.com

NOTE TO INVESTORS: The latest news and updates relating to BAND are available in the company’s newsroom at https://ibn.fm/BAND

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

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BAND Royalty muda cenário da NFT

NEW YORK, June 01, 2021 (GLOBE NEWSWIRE) — via InvestorWire — BAND Royalty divulgou hoje que foi incluída em um editorial publicado pela NetworkNewsWire (“NNW”), uma das mais de 50 marcas de confiança da InvestorBrandNetwork (“IBN”), uma empresa editora de notícias financeiras multifacetada para entidades privadas e públicas.

Para ver a publicação completa, “NFTs Flipping the Script, Bringing Value Back to Music Artists” visite: https://nnw.fm/dvON4

Os investidores de varejo atualmente só podem se expor à indústria da música comprando ações de uma gravadora de música pública, investindo em fundos que compram/vendem royalties de música, ou através de sites que leiloam direitos de royalties, muitas vezes bem na faixa de seis dígitos. No que muitos percebem como uma oportunidade privilegiada, a BAND Royalty está mudando o cenário, possibilitando que os investidores de varejo tenham acesso à compra de NFTs.

Após uma venda privada de NFTs de música que gerou quase US$ 1 milhão, A BAND lançou sua própria plataforma de vendas de NFTs no seu site, criando a primeira plataforma NFT de música somente este mês. A empresa abriu acesso à primeira série de 3.000 NFTs da BAND na sua plataforma, escalonando o lançamento com base na raridade. O plano da empresa é limitar o número de NFTs, como em outros projetos populares de NFTs, como CryptoPunks e Hashmasks, que alcançaram milhões de dólares com vendas no mercado secundário. A intenção a longo prazo é emitir no máximo 12.000 NFTs da BAND em quatro séries diferentes nos próximos 18 meses.

Sobre a BAND ROYALTY

A BAND Royalty permite que os amantes e os fãs da música levem seu prazer musical para o próximo nível, oferecendo NFTs da BAND protegidas por blockchain que permitem que seus proprietários ganhem cripto de algumas das músicas mais populares do mundo. Esta oportunidade única permite que os indivíduos compartilhem fluxos de renda cada vez que uma música no catálogo de música da BAND é executada. O nome BAND é derivado das iniciais de seus cofundadores, especialistas em blockchain Barnaby Andersun (BA) + Noble Drakoln (ND).

Para mais informação sobre a empresa, visite https://BandRoyalty.com

NOTA PARA OS INVESTIDORES: Notícias e atualizações recentes sobre a BAND estão disponíveis na redação da empresa em https://ibn.fm/BAND

Sobre a NetworkNewsWire

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NNW é onde as notícias, conteúdo e informações convergem.

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BAND Royalty transforme le paysage du NFT

NEW YORK, 01 juin 2021 (GLOBE NEWSWIRE) —  via InvestorWire — BAND Royalty a annoncé aujourd’hui son placement dans un éditorial publié par NetworkNewsWire (« NNW »), l’une des plus de 50 marques réputées de l’InvestorBrandNetwork (« IBN »), une société de presse et d’édition financière multiforme destinée aux entités privées et publiques.

Pour consulter l’intégralité de la publication, « NFTs Flipping the Script, Bringing Value Back to Music Artists » (Le NFT révolutionne l’ordre établi, réinsufflant de la valeur aux artistes musicaux), veuillez consulter la page : https://nnw.fm/dvON4

Actuellement, les investisseurs de détail ne peuvent être exposés à l’industrie de la musique qu’en achetant des actions dans un label de musique public, en investissant dans des fonds qui achètent/vendent des redevances de musique, ou via des sites Web qui mettent des droits de redevance aux enchères, souvent pour plusieurs centaines de milliers de dollars. Dans ce que beaucoup perçoivent comme une opportunité idéale, BAND Royalty transforme le paysage et permet aux investisseurs de détail d’y participer en devenant propriétaires de NFT.

Après une vente privée de NFT de musique qui a généré près de 1 million de dollars, BAND a lancé sa propre plateforme de vente de NFT sur son site Web, créant la première plateforme exclusivement dédiée aux NFT de musique ce mois-ci. La société a ouvert l’accès à la première série de 3 000 NFT BAND sur sa plateforme, échelonnant l’émission sur la base de la rareté. Le plan de la société est de maintenir le nombre de NFT assez bas, à l’instar d’autres projets de NFT populaires tels que CryptoPunks et Hashmasks, qui ont tous deux enregistré des ventes sur le marché secondaire de plusieurs millions de dollars. Son intention à long terme est de disposer d’un maximum de 12 000 NFT BAND à travers quatre séries différentes à émettre au cours des 18 prochains mois.

À propos de BAND Royalty

BAND Royalty permet aux amateurs et fans de musique de passer à la vitesse supérieure en offrant des NFT BAND sécurisés par la blockchain qui permettent aux détenteurs de gagner des crypto-monnaies provenant de certaines des chansons les plus populaires au monde. Cette occasion unique permet aux individus de partager des flux de revenus à chaque fois qu’une chanson du catalogue musical BAND est interprétée. Le nom BAND est dérivé des initiales de ses cofondateurs, les experts de la blockchain Barnaby Andersun (BA) + Noble Drakoln (ND).

Pour en savoir plus sur la société, rendez-vous sur https://BandRoyalty.com

NOTE À L’INTENTION DES INVESTISSEURS : les dernières actualités et mises à jour concernant BAND sont disponibles dans la salle de presse de la société à l’adresse https://ibn.fm/BAND

À propos de NetworkNewsWire

NetworkNewsWire (NNW) est un service d’information qui fournit (1) un accès à nos serveurs d’agrégation et de syndication d’actualités, (2) les NetworkNewsBreaks, qui récapitulent les actualités et informations d’entreprise, (3) des services de communiqués de presse améliorés, (4) des services de distribution et d’optimisation des réseaux sociaux, et (5) une gamme complète de solutions de communication d’entreprise. En tant qu’entreprise aux multiples facettes œuvrant dans les domaines de la distribution de contenu et des actualités financières, composée d’une équipe de contributeurs journalistes et écrivains, NNW est particulièrement bien placée pour servir au mieux les entreprises du secteur public et privé désirant atteindre un large public d’investisseurs, de consommateurs, de journalistes et le grand public. NNW dispose d’un réseau de distribution en constante expansion de plus de 5 000 points de syndication clés à travers le pays. En réduisant la surabondance d’informations constatée aujourd’hui sur le marché, NNW offre à ses clients une visibilité inégalée, la notoriété de la marque et la reconnaissance.

NNW va là où convergent l’actualité, l’information et le contenu.

Pour recevoir des alertes textuelles par SMS de NetworkNewsWire, envoyez le texto « STOCKS » au 77948 (téléphones portables américains uniquement)

Pour plus d’informations, veuillez consulter le site https://www.NetworkNewsWire.com

Veuillez consulter l’intégralité des conditions d’utilisation ainsi que les clauses de non-responsabilité sur le site Internet de NetworkNewsWire, qui s’appliquent à l’ensemble du contenu fourni par NNW, qu’il soit publié ou republié : http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Bureau
Editor@NetworkNewsWire.com

NetworkNewsWire fait partie du réseau InvestorBrandNetwork

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Micro Insurance Company and ImaliPay Partner to Deliver Digital Insurance Products to Africa’s Gig Workers

Micro Insurance Company x ImaliPay

Partnership

NEW YORK, May 31, 2021 (GLOBE NEWSWIRE) — MicroEnsure (now part of the Micro Insurance Company) and ImaliPay are partnering to deliver digital insurance products to Africa’s gig workers. These unique insurance products will provide this underserved sector with a safety net, so when the unexpected happens, people are able to bounce back swiftly.

Micro Insurance Company (MIC) is focused on providing end-to-end microinsurance products to the mass market at affordable premiums. ImaliPay is a fast-growing Pan African and VC-backed financial services platform focused on offering credit, savings, and insurance via a single channel or API to Africa’s gig economy platforms. ImaliPay deploys short-term finance easily and quickly to enable their customers to generate more revenue from their gig work.

ImaliPay is partnering with MIC to deliver insurance products to their growing customer base of gig workers in Kenya. This partnership will empower gig workers by providing insurance tailored to their needs and their level/proportion of income generation. Furthermore, the addition of this insurance product will help improve the quality of life for delivery, ride-sharing, and mobility sector workers.

The majority of gig workers, especially in the ride-sharing sector, remain active despite the Covid-19 pandemic. Due to the nature of their jobs, they remain at high risk for contracting Covid-19 with minimal access to insurance coverage to protect them. Therefore, this insurance product being offered through the partnership between MIC and ImaliPay will cover Covid-19 as well as a range of other risks including health, death, disability, and property destruction.

Micro Insurance Company brings its comprehensive trajectory and track record in providing microinsurance which ImaliPay will leverage to provide insurance products to its customers.

Ms. Wairimu Njoki, Country Manager, MicroEnsure East Africa, says: 

“We are delighted to be partnering with ImaliPay to boost the rising gig economy by providing social protection through innovative, need-based insurance. This is in line with our audacious goal of insuring the 4 billion un/underinsured lives globally.”

Uptake of insurance remains low in Kenya, with poor product design and constrained distribution channels contributing to low insurance penetration levels. MIC and ImaliPay join forces to address both of these issues – using ImaliPay’s platform as a route to access these services along with their knowledge of the gig workforce, and MIC’s expertise in product design to ensure optimal product consideration and adjusted premiums.

Tatenda Furusa, Co-founder of ImaliPay, says:

“At the very heart of our business, we are concerned with re-defining our customer experience by providing a wider product basket and prioritising the products that are most important/necessary to our customers. Insurance sits right at the forefront of our customer needs and we’re happy to be catering to those needs with this collaboration.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a03b4557-90ee-4a47-9930-15ef8fe577c7

For more information, please email hello@imalipay.com or visit https://imalipay.com/ or email kenya@microensure.com or visit https://microinsurance.com/.
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Marine Online’s Global Connectivity Sustains Full Service Shipbroking

Vessels’ ship sales and purchase unfazed by pandemic

SINGAPORE, May 31, 2021 /PRNewswire/ — Across the last decade, the global shipbroking market enjoyed growth from various drivers including increasing global seaborne trade, falling oil prices, swift economic growth and rising energy consumption. Unfortunately, the pandemic disrupted shipping industry, and made its way into vessel sales and purchase.

Travel restrictions made it significantly harder for buyers to source for the right ships. Similarly, a smaller pool of buyers compelled sellers to release their vessels at a loss. Tightened safety controls thwarted vessel inspections which further threatened sales and purchase – causing buyers and sellers to reconsider their decisions.

Marine Online helps both buyers and sellers bypass disruptions in vessels sales and purchase. Unrestricted geographically, its platform offers a broad network, acting as an effective bridge between both buyers and sellers. Surveys can also be carried out by Marine Online’s authorised service providers worldwide upon a successful transaction.

Bharat Bahl, Marine Online’s Sales and Purchase Manager highlighted: “In this challenging economic climate, our platform effectively converges all buyers and sellers. Additionally, our wide network of authorised service providers is able to carry out necessary surveys, clearances and other marine services wherever the vessel is located. Marine Online’s team of experienced professionals would be overseeing the whole process, ensuring smooth and secure transactions.”

Marine Online is a client-centric platform providing maritime professionals with effective vessel sales and purchase solutions. To date, Marine Online has transacted for both buyers and sellers worldwide including Indonesia, China, Singapore and Vietnam.

About Marine Online (Singapore) Pte Ltd

Marine Online is the world’s first one-stop integrated platform specialising in maritime services for the global market. Launched in 2019, it has provided various maritime services through its revolutionary A.I and Big Data enabled platform to regional ship and cargo owners. With its portfolio of 8 major services, Marine Online shapes the future of maritime by using cutting edge technology to create business opportunities and connections. For more information, visit marineonline.com

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Mindray Defines Future of Imaging Technologies with New General Imaging, Women’s Healthcare and Cardiology Ultrasound Solutions

SHENZHEN, China, May 31, 2021 /PRNewswire/ — Mindray (SZSE: 300760), a global leading developer and provider of medical devices and solutions, has announced the launch of its new General Imaging, Women’s Healthcare, and Cardiology ultrasound solutions on May 28, 2021. Underpinned by the theme “Innovation Defines”, each solution is specifically designed to increase the strength of diagnostic evidence available to doctors to ensure better patient care.

Mindray Defines Future of Imaging Technologies with New General Imaging, Women’s Healthcare and Cardiology Ultrasound Solutions

“For over 30 years, innovation has been deeply-rooted in Mindray’s DNA. With hospital systems growing and expanding, it is imperative for the healthcare industry to continue to go beyond designing individual products to engineering connected healthcare solutions. It is with this holistic view that we can ensure an improved healthcare experience for patients, whilst helping to expand clinical capacity,” said He Xujin, General Manager of Mindray Medical Imaging Systems. “The launch of our latest ultrasound solutions marks a milestone for Mindray, as we continue to pioneer new platforms under the guiding principle, ‘Innovation Defines’”.

Mindray’s General Imaging ultrasound solutions are equipped with a number of advanced technologies, including high frame rate contrast-enhanced ultrasound (HiFR CEUS), comprehensive HiFR elastography, and enhanced quantification measurement for a new level of image clarity. These features provide clinicians with extensive tools for more precise diagnosis and treatment — giving them reinforced confidence for improved patient outcomes.

The Women’s Healthcare ultrasound solutions offer a diversified range of expert tools that includes Smart Scene 3D, Smart Planes CNS, Smart ICV, Smart Pelvic and Smart ERA. These features have been designed and inspired by the daily work of clinicians with the aim of enhancing efficiency for OBGYN applications, including IVF, neonatal and postpartum.

For cardiovascular clinicians, Mindray’s new Cardiology ultrasound solutions include TEE imaging, HiFR V-Flow, Wall Shear Stress (WSS), real time IMT. These technologies allow for truly accurate visualization, which arms clinicians with extra evidence for diagnostic certainty.

Mindray draws upon its deep insights into unmet clinical needs to provide clinicians with comprehensive imaging solutions that allow for precise diagnoses and treatments across different applications. The three latest medical imaging solutions combine extraordinary technologies with smart applications and an intuitive workflow that elevates the quality of clinical data to a higher level. At the same time, patients can benefit from faster medical imaging and more accurate detection of potential complications, all at the point of care.

Photo – https://mma.prnewswire.com/media/1516663/Innovation_defines.jpg

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ST, RAMSEM open first African sorting lab

NAVASOTA, Texas, May 28, 2021 (GLOBE NEWSWIRE) — Global livestock semen sorting leader and innovator Sexing Technologies® (ST) has partnered with pioneering livestock artificial insemination company RAMSEM to establish Africa’s first semen sorting lab. The lab is at RAMSEM’s facility near Bloemfontein, South Africa.

The lab will produce fresh and frozen sex-sorted semen from sheep, goats and cattle. ST’s sex sorting method separates X chromosome (female) bearing sperm from Y chromosome (male) bearing sperm through a process called flow cytometry. This provides customers with semen that is more than 90 percent accurate for the desired gender and achieves conception rates comparable to conventional (unsorted) semen used for artificial insemination.

RAMSEM is a globally renowned leader in sheep and goat reproductive services, most notably the semen freezing and laparoscopic artificial insemination (A.I.) techniques introduced to South Africa in 1985 by Dr. Johan Steyn, one of the company’s founders. Since its founding, RAMSEM has expanded its service offerings to include embryo transfer (ET) and exporting sheep genetics worldwide. Dr. Johan Steyn remains on staff as head of the company’s laparoscopic A.I. and ET programs

“Ramsem is privileged to partner with Sexing Technologies, the most reputable name in the business of semen sorting services,” says Dr. Fanie Steyn, RAMSEM Managing Director and son of Dr. Johan Steyn. “This partnership introduced semen sorting to the African continent and is set to revolutionize the breeding industry for Southern African cattle, sheep and goats. ST’s cutting edge research and development work has resulted in its flagship sorted semen product, SexedULTRA, which is already producing results comparable to conventional fresh semen laparoscopic A.I. in South Africa.

“This partnership truly embodies RAMSEM’s motto that ‘experience plus technology equals results!’” Dr. Fanie Steyn adds.

RAMSEM also works to help conserve Africa’s wildlife. The company is providing semen freezing services to ARK Biotech for preservation of African Buffalo, Rhinoceros and Lion genetics. With the opening of the lab, RAMSEM will expand its partnership with ARK Biotech to include semen sorting and invitro fertilization services.

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Sexing Technologies® is the world leader and innovator and leader in livestock semen sex-sorting technology.

Attachment

Francisco Bobadilla
Sexing Technologies
936-870-3960
francisco.bobadilla@stgen.com

 

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Ouverture de l’exposition internationale sur le Big Data dans le sud-ouest de la Chine

GUIYANG, Chine, 28 mai 2021 /PRNewswire/ — Le comité organisateur de la China International Big Data Industry Expo (CIBDIE), la plus grande exposition sur le Big Data du pays, a annoncé que l’exposition avait ouvert ses portes le 26 mai à Guiyang, capitale du sud-ouest de la province de Guizhou.

International big data expo opens in southwest China.

Fondée en 2015 et officiellement transformée en salon national en 2017, l’exposition sur le Big Data est devenu une plateforme internationale et professionnelle pour le développement du Big Data ainsi qu’une référence industrielle.

L’événement de trois jours est organisé conjointement par le gouvernement local ainsi que par les principaux organismes de veille du pays dans les domaines de la planification économique, de l’industrie et de l’information. Avec le soutien du ministère chinois du Commerce, l’exposition présente des perspectives nationales, mondiales, industrielles et commerciales.

Organisé autour des thèmes de l’adoption de l’intelligence numérique et de la mise en œuvre de nouveaux développements (comme le souligne le slogan de l’exposition en anglais : « Embrace digital intelligence, Deliver new development »), l’événement inclura des conférences, des expositions, le lancement de nouveaux produits, des concours et d’autres activités.

L’exposition de cette année est prévue en ligne et hors ligne, et souhaite favoriser une coopération ouverte et le développement conjoint de différentes parties prenantes. L’exposition en ligne offre des services comme la communication en ligne, l’exposition en ligne, la négociation commerciale, le forum en ligne et la promotion des invités, présentant une variété de fonctions d’exposition.

Guiyang City et Gui’an New District, en tant que zones centrales de la zone pilote nationale intégrée de Big Data (Guizhou), ont toujours été des pionniers dans le développement de Big Data, affichant une évolution extraordinaire de la croissance industrielle. Plus de 5 000 entreprises de Big Data et 117 géants de l’industrie étaient sur place à la fin de l’année 2020. La valeur ajoutée de l’économie numérique a atteint 164,9 milliards de yuans (environ 25,8 milliards de dollars américains), représentant 38,2 % du PIB régional. Plus de la moitié de l’économie réelle de la région présentait des éléments de Big Data.

Les activités spécifiques de l’exposition sont les suivantes :

Conférences : les cérémonies d’ouverture et de clôture, ainsi que 7 dialogues de haut niveau et 13 forums professionnels.

Expositions : Des expositions en ligne et hors ligne pour présenter de nouvelles technologies, de nouveaux produits, de nouveaux schémas et de nouvelles applications dans le domaine du Big Data. Une section sur le rôle du Big Data dans la revitalisation rurale figure également au programme.

Nouveaux lancements : Attribution du prix de l’exposition récompensant une réussite scientifique et technologique majeure, recherche sur les méthodes et les trajectoires du marché des facteurs de données, système mondial de prévision de la COVID-19 et dictionnaire de l’encyclopédie du Big Data, etc.

Concours : 2e concours d’innovation en intégration industrielle APP et 6e exercice de Guiyang avec confrontations entre élites sur le Big Data et la sécurité des réseaux.

Activités : une série d’activités telles que des réunions et des échanges, des présentations de talents, des discussions nocturnes, des salons et des dialogues, des promotions et la signature de contrats, des activités portant sur la coopération stratégique, des visites organisées, etc.

Liens vers les images en pièces jointes :
Lien : http://asianetnews.net/view-attachment?attach-id=392265

Légende : Ouverture d’une exposition internationale sur le Big Data dans le sud-ouest de la Chine.

Photo – https://mma.prnewswire.com/media/1519935/2021_CIBDIE.jpg

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