Welcome to our dedicated page for Zedcor news (Ticker: CRFQF), a resource for investors and traders seeking the latest updates and insights on Zedcor stock.
Zedcor Inc. (OTC: CRFQF) delivers innovative mobile surveillance solutions through its proprietary MobileyeZ™ security towers, serving clients across North America. This news hub provides investors and industry professionals with timely updates on the company's technological advancements, operational expansions, and market developments.
Access official press releases and verified news covering Zedcor's AI-driven security innovations, strategic partnerships, and financial performance. Our curated collection includes updates on product enhancements, geographical expansions, and sustainability initiatives within the physical security sector.
Key focus areas include advancements in solar-powered surveillance systems, live monitoring technology upgrades, and cross-industry deployments. Users will find updates relevant to construction, energy, and retail security needs, reflecting Zedcor's diversified client base.
Bookmark this page for direct access to Zedcor's latest corporate announcements and industry analyses. Check regularly for insights into the evolving physical security market and the company's role in shaping AI-enabled surveillance standards.
Zedcor (TSXV: ZDC) reported significant operational growth in Q4 2024, with its MobileyeZ tower fleet reaching 1,333 units, marking a record quarterly expansion of 182 units. The company achieved 62% year-over-year fleet growth, with over 80% of new units allocated to U.S. operations.
The company expanded its presence in multiple U.S. markets, including Atlanta, Houston, Dallas, San Antonio, Austin, Denver, and Phoenix, maintaining 97% utilization in the U.S. and over 90% in Canada. Manufacturing capabilities improved to over 15 units per week in Q4, with capacity to produce 100 towers monthly in Q1 2025.
Zedcor plans to add 1,200 new units by the end of 2025, supported by expanded manufacturing operations in Houston and a new 24/7 Live, Verified Monitoring center opening in first half 2025.
Zedcor Inc. (TSXV: ZDC) has secured a new expanded credit facility of $30 million with ATB Financial, consisting of a $20 million term loan and a $10 million revolving loan facility. The three-year agreement features interest rates from Prime + 1.0% to Prime + 3.0% based on debt-to-EBITDA ratios. The term loan will refinance existing debt and fund 2025 capital purchases, while the revolving loan will support working capital and expansion plans.
The company announced key appointments, naming James Leganchuk as President Operations USA and Tony Ciarla as President Operations Canada. Additionally, Zedcor granted 250,000 Restricted Share Units to new employees and contractors, vesting over three years.
Zedcor reported record Q3 2024 results with revenue reaching $9.2 million, up 42% year-over-year and 24% quarter-over-quarter. Adjusted EBITDA hit $3.4 million, increasing 49% year-over-year and 26% quarter-over-quarter, maintaining a 37% margin. The company deployed 148 MobileyeZ security towers in Q3, achieving over 90% fleet utilization. U.S. operations exceeded 10% of total revenues, with near 100% utilization rate in Texas. The company expanded its enterprise sales team and manufacturing capabilities, while maintaining strong growth in Canada with record daily revenues.
Zedcor Inc. (TSXV: ZDC) has scheduled the release of its third quarter financial results for the period ended September 30, 2024, after market close on Wednesday, November 13, 2024. The company will host a conference call to discuss the results on Thursday, November 14 at 10:00 am ET, led by President & CEO Todd Ziniuk and CFO Amin Ladha. The earnings materials will be available on SEDAR+ and the company's website. Multiple dial-in options are available for participants across different locations.
Zedcor announced record revenues of $7.4 million and Adjusted EBITDA of $2.7 million for Q2 2024, showing increases of 20% and 42% respectively from the previous quarter. The company deployed 178 MobileyeZ security towers across North America, achieving over 90% utilization, with nearly 100% in the U.S. Revenue for the first half of 2024 reached $13.5 million, and Adjusted EBITDA stood at $4.6 million.
Notably, Zedcor continued to diversify its customer base and expand services in both Canada and the U.S. They completed a $15 million equity financing to accelerate this expansion, particularly in Texas and Arizona. The company's net income for Q2 was $1.4 million, down from $2.5 million in Q2 2023, due to higher finance costs and stock-based compensation.
Zedcor's strategic initiatives, including AI camera capabilities and operational efficiencies, have resulted in reduced costs and higher margins. They aim to further grow their customer base and maintain their fleet size target of 1,300-1,500 towers by the end of 2024.
Zedcor Inc. (TSXV: ZDC) has announced the timing of its second quarter financial results conference call. The company will release its Q2 2024 financial results on Tuesday, August 13, 2024, after market close. A conference call to discuss the results is scheduled for Wednesday, August 14, 2024, at 10:00 am ET (8:00 am MT).
The call will be hosted by Todd Ziniuk, President & CEO, and Amin Ladha, CFO. Earnings release materials will be available on Zedcor's SEDAR+ profile and company website. Investors can join the webinar via the provided link or dial in using local numbers for Toronto, Calgary, Vancouver, and Houston.
Zedcor Inc. (TSXV: ZDC) has provided a mid-year operations update, highlighting its U.S. expansion and manufacturing activities. Key points include:
1. Expansion into Colorado, complementing operations across Texas.
2. MobileyeZ™ tower fleet exceeds 1,000 units, with 15% deployed in the U.S.
3. Established operations in major Texas cities and Denver, Colorado.
4. Secured a three-year contract for MobileyeZ™ towers in Wisconsin.
5. Expanded deployment with top U.S. home builders and retailers.
6. Manufacturing capacity increasing to 20-25 towers per week by Q3 2024.
7. Strong demand in Canada for turnkey surveillance solutions.
8. 2024 exit target of 1,300 to 1,500 MobileyeZ™ towers.
Zedcor will report Q2 2024 financial results on August 13, expressing confidence in future growth prospects.
Zedcor has granted 125,000 Restricted Share Units (RSUs) to an employee under its fixed 10% RSU/DSU plan. The RSUs, issued on July 8, 2024, will vest in three equal installments over three years and expire in 2027.
On June 24, 2024, Mr. Dean Swanberg announced the sale of 1,500,000 common shares of Zedcor Inc. through a private transaction at $1.24 per share, totaling $1,860,000. Following this sale, Mr. Swanberg now holds 20,000,000 shares, representing 20.9% of Zedcor’s outstanding shares. Previously, he held 21,500,000 shares, or 22.5%. The shares were sold for investment purposes, and Mr. Swanberg may adjust his holdings based on market conditions. Further details can be found in the Early Warning Report on Zedcor's SEDAR+ profile.
Zedcor has expanded its MobileyeZTM service agreement with a key North American home improvement retailer to include 23 sites, covering 21 stores and two distribution centers. Additionally, the company will provide services for ten new store locations and 13 major renovation projects across Canada starting the second half of 2024. Zedcor also retired a note payable of $3.45M issued in 2016, reducing its debt and simplifying its capital structure. The funding for the note repayment came partially from a recent equity raise. Moreover, Zedcor granted 1.875M Restricted Share Units to its employees and officers, vesting over three years.
