Global Mofy Ai Limited · NASDAQ:GMM
Global Mofy Ai — Global Mofy Metaverse — FY2023 Earnings Presentation
12 slides from Global Mofy Ai's earnings presentation, Feb 1, 2024
Slide 1: Fiscal Year 2023 Earnings Call
FISCAL YEAR 2023 EARNINGS CALL Global Mofy Metaverse Nasdaq : GMM Feb 1 , 2024 COPYRIGHT© GLOBAL MOFY, All RIGHTS RESERVED.
Slide 2: Safe Harbor/Forward-Looking Statements
Certain statements in this presentation constitute “forward - looking statements . ” These forward - looking statements about estimated financial performance and sales performance and activity, among others, and can identified by terminology such as “will”, “expects”, “anticipates” ,“future”, “inten
Slide 3: About Us
Fiscal Year 2023 EARNINGS About Us • We are a technology solutions provider engaged in virtual content production and digital assets development for the metaverse industry. • Utilizing our proprietary “ Mofy Lab ” technology platform which consists of cutting - edge three - dimensional (“3D”) rebuil
Slide 4: Fiscal Year 2023 Highlights
Fiscal Year 2023 Highlights • Record Revenues of $26.9 million , up 56.4% from year ago, the highest revenue in company’s history. • Gross profit and net income both reached historical high of $14.5 million and $6.6 million , respectively; with a 54% gross margin. • Successfully completed our initia
Slide 5: Financial Information
$26.9 Million Revenue (+56.4% from FY 2022) 53.9% Gross Margin (Compared to 23.9% from FY 2022) Fiscal Year 2023 EARNINGS (in $ millions; differences due to rounding) 17.2 4.1 - 0.3 26.9 14.5 6.6 Financial Information
Slide 6: Revenues
72.6% Gross Margin for 3D Digital Asset Development and others 42.8% Revenue from 3D Digital Asset Development and others (Compared to 23.4% from FY 2022) Fiscal Year 2023 EARNINGS (in $ millions; differences due to rounding) 12.5 0.6 2.8 15.4 0 7.5 Revenues
Slide 7: Balance Sheet
Intangible Asset (Compared to $0 from FY 2022) Fiscal Year 2023 EARNINGS (in $ millions; differences due to rounding) 1.1 0 2.1 10.4 6.5 3.3 Balance Sheet $10.4 Million Cash (+818.86% from FY 2022) $6.5 Million 0
Slide 8: Operating Expenses
(Compared to $3.2 Million from FY 2022) Fiscal Year 2023 EARNINGS (in $ millions; differences due to rounding) 0.15 1.0 3.2 0.29 3.0 3.5 Operating Expenses $6.9 Million Operating Expense (Compared to $4.4 Million from FY 2022) $3.5 Million Research and Development 0 1 2 3
Slide 9: Major Growth Drivers in China
Major Growth Drivers in China • “In August 2023, five departments including the Ministry of Industry and Information Technology, the Ministry of Education, the Ministry of Culture and Tourism, the State - owned Assets Supervision and Administration Commission of the State Council, and the State Admi
Slide 10: Metaverse Market
Metaverse Market Fiscal Year 2023 EARNINGS Source: Statista Market Insights (Oct 2023) • The Metaverse market is projected to reach a value of US$74.4 billion in 2024. • This market is expected to grow at an annual growth rate (CAGR 2024 - 2030) of 37.73%, resulting in a projected market volume of U
Slide 11: Recent Developments
Recent Developments Fiscal Year 2023 EARNINGS • On January 03, 2024 , the Company announced that it closed its follow - on offering of $10 million with institutional investors. • On January 04, 2024 , the Company announced the registration of its subsidiary, Global Mofy Technology LLC, in California
Slide 12: Q&A with our Management Team
Q&A with our Management Team Fiscal Year 2023 EARNINGS Haogang Yang Chief Executive Officer Wenjun Jiang Chief Technology Officer Chen Chen Chief Financial Officer