Adcore Starts 2025 Off Strong With Robust Financial Position & Media Blast Performance Update
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 (TSX:ADCO)(OTCQX:ADCOF) riporta una posizione finanziaria solida alla fine del 2024, con $10,8 milioni in contante e equivalenti, segnando un aumento del 61% rispetto al Q3 2024 e un incremento del 34% anno su anno. L'app Media Blast della compagnia dimostra una crescita significativa, raggiungendo quasi $2 milioni in Ricavi Ricorrenti Annuali (ARR) a dicembre 2024, raddoppiando le sue performance in soli sei mesi rispetto al precedente traguardo di $1 milione.
Questi dati preliminari, non auditati, riflettono solidi fondamentali aziendali su attività, mercati e segmenti principali. La compagnia attribuisce la crescita della liquidità a fattori sia stagionali che a un miglioramento delle performance aziendali. Adcore prevede di sfruttare la sua posizione di liquidità robusta per lo sviluppo tecnologico e le iniziative di espansione globale nel 2025.
La compagnia ha programmato un webinar per il 15 gennaio per presentare Proposaly.io, la sua nuova app di abilitazione alle vendite progettata per semplificare i processi di vendita aziendale e la gestione delle relazioni con i clienti.
Adcore (TSX:ADCO)(OTCQX:ADCOF) informa sobre una posición financiera sólida al final de 2024, con $10.8 millones en efectivo y equivalentes, lo que representa un aumento del 61% en comparación con el tercer trimestre de 2024 y un incremento del 34% interanual. La aplicación Media Blast de la compañía muestra un crecimiento significativo, alcanzando casi $2 millones en Ingresos Anuales Recurrentes (ARR) en diciembre de 2024, duplicando su rendimiento en solo seis meses desde el hito anterior de $1 millón.
Estas cifras preliminares y no auditadas reflejan sólidos fundamentos empresariales en actividades, mercados y segmentos clave. La compañía atribuye el crecimiento de su efectivo a factores estacionales y a un mejor rendimiento empresarial. Adcore planea aprovechar su sólida posición de efectivo para el desarrollo tecnológico y las iniciativas de expansión global en 2025.
La compañía ha programado un seminario web para el 15 de enero para presentar Proposaly.io, su nueva aplicación de habilitación de ventas diseñada para optimizar los procesos de ventas empresariales y la gestión de relaciones con clientes.
Adcore (TSX:ADCO)(OTCQX:ADCOF)는 2024년 말 강력한 재무 상태를 보고하며, 1,080만 달러의 현금 및 현금성 자산을 보유하고 있으며, 이는 2024년 3분기 대비 61% 증가하고 전년 대비 34% 증가한 수치입니다. 회사의 Media Blast 앱은 2024년 12월에 거의 200만 달러의 연간 반복 수익 (ARR)에 도달하여 지난 6개월 동안 이전 100만 달러에서 두 배로 성장했습니다.
이러한 비공식적인 초기 수치는 핵심 활동, 시장 및 부문에서 강력한 비즈니스 기초를 반영합니다. 회사는 현금 증가를 계절적 요인과 개선된 비즈니스 성과에 기인한다고 설명합니다. Adcore는 2025년 기술 개발 및 글로벌 확장 이니셔티브를 위해 보다 견고한 현금 상태를 활용할 계획입니다.
회사는 1월 15일에 Proposaly.io를 소개하는 웨비나를 예정하고 있으며, 이 앱은 비즈니스 판매 프로세스와 고객 관계 관리를 간소화하도록 설계되었습니다.
Adcore (TSX:ADCO)(OTCQX:ADCOF) fait état d'une position financière solide à la fin de 2024, avec 10,8 millions de dollars en espèces et équivalents, marquant une augmentation de 61 % par rapport au T3 2024 et une augmentation de 34 % par rapport à l'année précédente. L'application Media Blast de l'entreprise démontre une croissance significative, atteignant presque 2 millions de dollars de Revenu Annuel Récurrent (ARR) en décembre 2024, doublant sa performance en seulement six mois depuis le précédent jalon de 1 million de dollars.
Ces chiffres préliminaires, non audités, reflètent des fondamentaux d'affaires solides à travers les activités, les marchés et les segments clés. L'entreprise attribue la croissance de ses liquidités à la fois à des facteurs saisonniers et à une amélioration de la performance commerciale. Adcore prévoit de tirer parti de sa solide position de trésorerie pour le développement technologique et les initiatives d'expansion mondiale en 2025.
L'entreprise a prévu un webinaire pour le 15 janvier afin de présenter Proposaly.io, sa nouvelle application de soutien aux ventes conçue pour simplifier les processus de vente des entreprises et la gestion des relations clients.
Adcore (TSX:ADCO)(OTCQX:ADCOF) berichtet von einer starken finanziellen Position zum Ende des Jahres 2024, mit 10,8 Millionen Dollar in Bargeld und Äquivalente, was einem Anstieg von 61 % im Vergleich zum Q3 2024 und einem Anstieg von 34 % im Jahresvergleich entspricht. Die Media Blast-App des Unternehmens zeigt ein signifikantes Wachstum und erreicht im Dezember 2024 fast 2 Millionen Dollar an wiederkehrenden jährlichen Einnahmen (ARR), was die Leistung in nur sechs Monaten seit dem vorherigen Meilenstein von 1 Million Dollar verdoppelt.
Diese vorläufigen, nicht geprüften Zahlen spiegeln starke Geschäftsfundamente in den Kernbereichen, Märkten und Segmenten wider. Das Unternehmen führt das Wachstum des Bargeldbestands sowohl auf saisonale Faktoren als auch auf eine verbesserte Geschäftstätigkeit zurück. Adcore plant, seine solide Bargeldposition 2025 für die Technolog Entwicklung und globale Expansionsinitiativen zu nutzen.
Das Unternehmen hat ein Webinar für den 15. Januar angesetzt, um Proposaly.io vorzustellen, seine neueste Vertriebsunterstützungsapp, die darauf ausgelegt ist, die Verkaufsprozesse im Unternehmen und das Kundenbeziehungsmanagement zu optimieren.
- Cash and equivalents increased 61% QoQ to $10.8M
- Media Blast app reached $2M ARR, doubling in 6 months
- 34% YoY increase in cash position
- Financial figures are preliminary and unaudited
- Cash growth partially attributed to seasonality rather than pure business performance
(All Figures are in CAD)
TORONTO, ON / ACCESSWIRE / January 13, 2025 / Adcore Inc. (the "Company" or "Adcore") (TSX:ADCO)(OTCQX:ADCOF)(FSE:ADQ), a global leader in marketing technology empowering businesses to maximize their digital marketing potential with its innovative AI-powered platform ("Marketing Cloud"), is pleased to share a preliminary update on its financial position as of December 31, 2024. Based on the visibility today, the company closed the year with
The above figures are preliminary and unaudited. The Company remains committed to providing further updates as our financial review progresses.
"We are thrilled to close out 2024 on such a strong note, positioning Adcore for a promising 2025 with a robust cash position to drive our strategic initiatives in technology development and global expansion," said Omri Brill, Adcore CEO & Founder. "While seasonality played a role in our cash growth, the year-over-year increase is primarily a result of our continued progress across core activities, markets, and segments. This momentum is a testament to the strength of our business fundamentals."
Mr. Brill added, "We are especially excited about the performance of our Media Blast app, which achieved an impressive near
Mr. Brill continued, "Looking ahead to 2025, we are highly optimistic. With strong financials and growing demand for our technology-driven solutions, Adcore is well-positioned to capitalize on market opportunities and continue its upward trajectory."
In accordance with the company's commitment to innovation and technology, Adcore will host a webinar January 15th at 10am eastern time to unveil its newest app, Proposaly.io.
REMINDER: Join the Proposaly.io Webinar, January 15th, 10am Eastern Standard Time
Adcore invites you to join their webinar where the Company will showcase its newest sales enablement app, Proposaly.
Proposaly is set to transform the way businesses secure sales and manage client relationships by streamlining the entire sales process into one centralized, automated solution.
To register for the webinar please click here or visit: https://investors.adcore.com/proposaly.
ABOUT ADCORE
Adcore is a leading AI-powered marketing technology company.
By combining extensive industry knowledge and experience with its proprietary artificial intelligence (AI) powered technology, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum Return on Investment. Adcore is a certified Google Premier Partner, Elite Tier Microsoft Partner, Facebook Partner, Verified Amazon Partner, and TikTok Partner.
Established in 2006, the Company employs over fifty people in its headquarters in Tel Aviv, Israel and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.
For more information about Adcore, please visit https://www.adcore.com/investors/, https://www.adcore.com/blog or follow us on LinkedIn.
FORWARD-LOOKING STATEMENTS
This press release contains or may contain certain forward-looking statements, including statements about the Company, the potential for annual recurring revenue resulting from the MediaBlast app and its potential for the 2025 financial year. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
For further information please contact:
ADCORE INC.
https://www.adcore.com/investors/
Nick Campbell, CFA | Martijn van den Bemd |
SOURCE: Adcore Inc.
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FAQ
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