Welcome to our dedicated page for Adcore news (Ticker: ADCOF), a resource for investors and traders seeking the latest updates and insights on Adcore stock.
Adcore Inc. (symbol: ADCOF) is a premier AI-powered marketing and online learning technology company. Established in 2006, Adcore operates globally with headquarters in Tel Aviv, Israel, and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong, and Shanghai, China. As a certified Google Premier Partner, Elite Tier Microsoft Partner, Facebook Partner, and TikTok Partner, Adcore offers an advanced and unique digital marketing solution designed to empower entrepreneurs and advertisers.
Adcore leverages its proprietary artificial intelligence (AI) powered technology to manage and automate e-commerce store advertising, monitor and analyze the performance of advertising budgets, and ensure maximum return on investment. The company's core products include innovative advertising management and automation platforms, such as the Feeditor app, which simplifies digital advertising for clients by transforming product data into recognizable templates, facilitating effortless synchronization with shopping and marketing platforms.
The company also runs Amphy, the world's most diverse 24/7 live online learning marketplace. Amphy provides thousands of classes across various categories, fostering a vibrant virtual teacher community and offering high-quality, personalized access to live classes anytime, anywhere.
Adcore has forged significant partnerships and agreements, such as the recent collaboration with a leading health and wellness company based in Australia. This contract oversees a digital advertising budget of up to CAD $10 million over a 12-month term, potentially generating approximately CAD $1 million in revenue for Adcore. CEO Omri Brill emphasized the importance of these partnerships in highlighting the company’s innovative solutions and its leadership in the digital marketing industry.
In the recent fiscal year, Adcore has shown strong financial performance and growth. The company's revenue for Q3 2023 was CAD $8.2 million, a 10% increase from the same period in 2022, with a gross margin of 40%. The fourth quarter saw a continued upward trajectory with a total revenue of CAD $9 million and a positive net income of CAD $74K. For the full year 2023, Adcore reported a total revenue of CAD $31.2 million, up 17% from 2022, despite a slight decrease in gross margin from 43% to 41%.
Adcore recently launched Feeditor Plus+, targeting enterprise e-commerce businesses with large inventories, enhancing feed management and optimization capabilities. The company's renewed partnership with Microsoft Advertising for the fifth consecutive year and achieving Google Premier Partner status for the third year in a row further cement its position as a key player in the digital marketing sector.
For more information about Adcore, please visit Adcore Investors or follow on LinkedIn. To explore Amphy’s offerings, visit Amphy.
Adcore (TSX:ADCO, OTCQX:ADCOF) has renewed its channel partner agreement with Microsoft Advertising for 2025, continuing their strategic partnership that began in 2019. The company, which achieved Microsoft Elite Partner status in February 2022, was recently recognized as a finalist for both Client Partnership of the Year and Channel Partner of the Year.
The renewal strengthens Adcore's position in digital marketing, where it leverages its AI-powered Marketing Cloud platform to help businesses maximize their digital marketing potential. The partnership has been marked by significant achievements, including Adcore being named Microsoft Advertising's Global Partner of the Year.
Microsoft Advertising's Director of Partner Sales - EMEA highlighted Adcore's international growth and diverse client base as key benefits to their partnership, particularly noting the successful integration of Microsoft Advertising products into Adcore's Marketing Cloud solutions and the advancement of Copilot AI technology.
Adcore Australia has achieved a significant milestone by winning the Best Large PPC Agency award at the 2025 APAC Search Awards in Melbourne. This prestigious recognition, which celebrates excellence in search across Asia and the Pacific region, was awarded to Adcore (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading provider of AI-powered marketing technology through its Marketing Cloud platform.
The APAC Search Awards are judged by international experts who evaluate agencies based on industry innovation and excellence. Rob Reynolds, Adcore's Commercial Director, expressed pride in the team's achievement while maintaining focus on future growth and opportunities in 2025.
Adcore (TSX:ADCO)(OTCQX:ADCOF) reports strong financial position at the end of 2024, with $10.8 million in cash and equivalents, marking a 61% increase from Q3 2024 and a 34% increase year-over-year. The company's Media Blast app demonstrates significant growth, reaching nearly $2 million in Annual Recurring Revenue (ARR) in December 2024, doubling its performance in just six months from the previous $1 million milestone.
These preliminary, unaudited figures reflect strong business fundamentals across core activities, markets, and segments. The company attributes the cash growth to both seasonal factors and improved business performance. Adcore plans to leverage its robust cash position for technology development and global expansion initiatives in 2025.
The company has scheduled a webinar for January 15th to introduce Proposaly.io, its newest sales enablement app designed to streamline business sales processes and client relationship management.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) has launched Proposaly.io, a new sales workflow platform, in closed beta. The platform integrates marketing presentations, proposal creation, legal agreements, online payments, and project updates into a single solution. Key features include faster deal closures, streamlined workflows, and professional proposal creation tools with customizable templates.
The platform aims to address inefficiencies in traditional sales processes by providing an automated, centralized solution. Adcore will showcase Proposaly's features in a webinar on January 15, 2025. The launch aligns with Adcore's strategy to enhance profitability through SaaS offerings and tap into the proposal management software market, projected to reach US$6.7 billion globally by 2032 with a 12.2% CAGR from 2023-2030.
Adcore has been selected to lead Sports Direct's digital marketing initiatives in Australia and New Zealand. The company will manage marketing strategies across multiple online platforms including Google, Meta, and Microsoft to support Sports Direct's market entry in these regions. This partnership aims to establish the brand's presence and target sports and lifestyle consumers in these new markets. Sports Direct, a major UK-based sportswear retailer and Fraser Group subsidiary, has chosen Adcore for its expertise in digital marketing and technological capabilities.
Adcore reported Q3 2024 financial results with mixed performance across regions. Revenue decreased 5% to CAD$7.8 million, while gross profit increased 12% to CAD$3.7 million with improved margins of 47%. North America and APAC regions showed strong growth of 27% and 26% respectively, while EMEA declined 39%. Adjusted EBITDA rose to CAD$282,000 from CAD$240,000 year-over-year. The company reported a net loss of CAD$172,000 and operating cash flow usage of CAD$488,000. Working capital stood at CAD$6.2 million, down from CAD$7.6 million at the end of 2023.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ) announced it will release its Q3 2024 financial results before market open on Thursday, November 14th, 2024. The company, which provides an e-commerce advertising management and automation platform, will host a webcast and conference call to discuss the results at 10:00 a.m. ET on the same day. Management will make a brief statement and focus on answering questions, which can be submitted in advance to invest@adcore.com.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ) has been named a finalist for two prestigious awards by Microsoft Advertising: Client Partnership of the Year and Channel Partner of the Year for the EMEA region. This recognition follows Adcore's success as Microsoft Advertising Global Channel Partner and EMEA Channel Partner in 2023.
Omri Brill, Adcore's Founder and CEO, expressed pride in the nominations, attributing the success to the company's Marketing Cloud technology and its ability to leverage an international footprint. Nigel Leggatt, Director of Partner Sales - EMEA at Microsoft Advertising, praised the partnership's strength and the value generated through the integration of Microsoft Advertising products into Adcore's solutions.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading e-commerce advertising management and automation platform, has announced its participation in the 2024 Cantech Letter Investment Conference. The event is scheduled for October 9th at 1pm ET at the Arcadian Loft, 401 Bay Street, Toronto, ON.
This conference provides emerging technology companies with an opportunity to showcase their innovations and growth strategies. Participants will also have the chance to engage in one-on-one meetings with investors and capital markets professionals.
Adcore, known for its 'Effortless Marketing' approach, leverages digital marketing in an accessible way. The company's presentation at this event aligns with its goal of highlighting its position in the e-commerce advertising sector.
For more details about the conference, interested parties can visit the official website at https://www.cantechletter.com/conference/
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading e-commerce advertising management and automation platform, will present at the Planet MicroCap Showcase in Vancouver on Wednesday, September 25, 2024, at 11 am PST. The event will take place at the Fairmont Waterfront in Vancouver, British Columbia, Canada.
Investors can register for the showcase and book 1x1 meetings with Adcore at https://planetmicrocapshowcase.com/signup. The presentation will be webcast live at https://www.webcaster4.com/Webcast/Page/3056/50998. Additionally, interested parties can view an interview with Adcore's CEO at https://www.youtube.com/watch?v=tCBReqShQvI.
This presentation offers an opportunity for investors to learn more about Adcore's 'Effortless Marketing' platform, which aims to make digital marketing more accessible and effortless for e-commerce businesses.
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