ZEDCOR INC. - CRFQF STOCK NEWS

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.

Zedcor announced the election of directors at its annual meeting on May 23, 2024. The elected directors are Wade Felesky, Brian McGill, Dean Swanberg, Dean Shillington, and Todd Ziniuk.

The company also granted options to purchase 2,150,000 common shares at $1.25 per share to non-management directors and the corporate secretary. These options, part of a 10% rolling stock option plan, will vest over three years and expire in five years.

Zedcor Inc. (TSXV: ZDC) announced strong financial results for Q4 2023, with revenues of $5.8 million and adjusted EBITDA of $1.4 million. The company diversified its customer base, reaching 90% utilization rates post two major projects. They expect record revenue from their MobileyeZTM security tower fleet. Zedcor's US operations are expanding, aiming to manufacture 50+ security towers monthly by Q3 2024.

Zedcor Inc. (TSXV: ZDC) announces significant milestones for its US expansion, including the first-ever revenue generated in the United States and the completion of design work on its 2024 Solar MobileyeZ. Zedcor Security Solutions (USA) has expanded its US sales team and deployed over 50 MobileyeZ security towers to US-based customers. Zedcor Manufacturing has completed the design for the 2024 Solar MobileyeZ, a solar-powered security tower with cutting-edge cameras and radar technology. The company is also working on developing innovative security solutions for urban construction and retail environments, as well as anti-intrusion sensor technology for the residential home construction market.