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 Inc. (TSX: ADCO) has scheduled its fourth quarter and full year 2021 financial results release for March 14, 2022, followed by a video conference call on March 15, 2022, at 10:00 a.m. ET. The conference will discuss key results and answer shareholder questions. Adcore is recognized for its e-commerce advertising management platform and is a certified partner of major digital platforms. This event is significant for investors looking to understand the company's financial performance as it prepares to share critical earnings data.
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced on February 17, 2022, its attainment of Google Premier Partner status, placing it among the top 3% of Google advertising partners globally. This recognition underscores Adcore's capabilities in maximizing digital marketing success for clients, augmenting client growth, and showcasing expertise in Google Ads. As a Premier Partner, Adcore gains access to exclusive benefits, including the ability to display the Premier Partner badge. CEO Omri Brill expressed enthusiasm over this achievement, reflecting the company's strength in digital marketing solutions.
Adcore Inc. has achieved Elite tier status in the Microsoft Advertising Partner program, marking the highest partnership level. This recognition reflects the Company's strong performance as a channel partner in 2021, notably after launching the Adcore Marketing Cloud platform. CEO Omri Brill emphasized that this status showcases their advanced marketing solutions and commitment to growth. Microsoft acknowledged the success in customer acquisition and the mutual benefits for both platforms. Adcore continues to innovate in the e-commerce advertising sector while maintaining a strong global presence.
Adcore has renewed its advertising contract with the Israeli Government Advertising Agency (IGAA) for a fifth year, with a potential annual value of CAD$25 million. This follows a successful five-year tender worth up to CAD$125 million. The renewal reflects the IGAA's confidence in Adcore's services, especially with Israel's tourism sector reopening post-pandemic. Visitor arrivals reached a record 4.5 million before COVID-19, indicating strong growth potential for 2022. Adcore, a certified Google Premier Partner, continues to empower businesses through its comprehensive advertising management platform.
Adcore Inc. (ADCOF) announced its participation in the World Outlook Financial Conference on February 5, 2022, with CEO Omri Brill presenting. This marks their second consecutive appearance at the event. Brill highlighted the company's strong momentum in e-commerce advertising, as online retailers increasingly recognize the value of Adcore's solutions for maximizing product visibility. Established in 2006, Adcore has received accolades, including several mentions on Deloitte's Fast 50 Technology list, and operates globally with over fifty employees.
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced the signing of fourteen new clients in November and December 2021, with an aggregated estimated annual advertising budget of CAD$4.9M. The new clients span North America, EMEA, AUNZ, and Greater China. CEO Omri Brill highlighted the achievement of increasing client acquisitions during traditionally slower months. Approximately half of these budgets come from U.S. businesses, marking a key growth area for Adcore in 2022. The company emphasizes its focus on global expansion and anticipates a strong start for the year.
Adcore Inc. has launched the Effortless Marketing App for WooCommerce, enhancing e-commerce advertising capabilities for store owners. This app simplifies product promotion on platforms like Google, Facebook, and Microsoft, allowing for easy ad campaign management and performance tracking. Targeting nearly four million WooCommerce websites, the app offers customizable features and supports multiple currencies. CEO Omri Brill emphasizes this launch as a significant milestone for expanding Adcore's marketing solutions beyond Shopify, pursuing its vision for the Adcore Marketing Cloud.
Adcore Inc. has renewed its channel partner agreement with Microsoft for 2022, continuing its participation in the Microsoft Advertising Partner Program since July 2019. The company was elevated to Select Tier status in January 2021 due to its effective technological solutions. CEO Omri Brill emphasized the partnership's value in enhancing clients' market presence. Microsoft representatives acknowledged Adcore's growth and integration efforts. Established in 2006, Adcore is recognized for its digital marketing solutions and has multiple international offices.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) will present at the SNN Network Canada Virtual Event 2021 on December 8, 2021, at 8:30 AM EST. CEO Omri Brill will lead the presentation and address investor questions. The event is designed to enhance Adcore's visibility in e-commerce advertising management. Attendees can access the presentation via this link. Registration for 1on1 meetings and event attendance is available on the SNN Network website.
FAQ
What is the current stock price of Adcore (ADCOF)?
What is the market cap of Adcore (ADCOF)?
What does Adcore Inc. do?
What recent achievements has Adcore made?
Who are Adcore's major partners?
How did Adcore perform financially in 2023?
What is Amphy?
Where is Adcore headquartered?
What distinguishes Feeditor Plus+?
How can investors obtain more information about Adcore?
