Welcome to our dedicated page for Kidoz news (Ticker: KDOZF), a resource for investors and traders seeking the latest updates and insights on Kidoz stock.
Kidoz Inc (KDOZF) operates a leading safe digital ecosystem for children, combining content discovery with COPPA-compliant mobile advertising solutions. This news hub provides investors and industry professionals with timely updates on corporate developments, strategic partnerships, and technological advancements within the kids' digital space.
Access the most comprehensive collection of Kidoz press releases and market analysis in one centralized location. Track earnings announcements, product launches, leadership updates, and compliance milestones affecting the children's ad tech sector. Our curated feed maintains strict editorial standards for accuracy and relevance across all updates.
Stay informed about quarterly financial results, expansion initiatives, platform enhancements, and industry recognition through our regularly updated feed. Each development provides insights into Kidoz's position within the growing market for privacy-focused mobile advertising and kid-safe content distribution.
Bookmark this page for direct access to verified Kidoz developments and subscribe to alerts for major announcements. For those monitoring regulatory-compliant digital advertising innovation, this resource serves as an essential tracking tool for KDOZF's evolving market strategy.
Kidoz Inc. (TSXV:KIDZ) is strategically positioned to capitalize on new U.S. child safety laws requiring mandatory age-gating in digital platforms. With Utah's App Store Accountability Act enacted and 16 other states considering similar legislation, the company's child-safe advertising network is becoming increasingly relevant.
The company's platform, serving over 500 million monthly active users, is fully COPPA-compliant and operates on a privacy-by-design model that collects no personal data. This positions Kidoz advantageously as COPPA 2.0 proposals aim to ban targeted ads for children and teens.
Additionally, the Board has adopted a new fixed 10% Equity Awards Plan, allowing for the grant of Restricted Share Units, Deferred Share Units, and Performance Share Units up to 13,130,450 Common Shares. This plan complements their 2024 Stock Option Plan and requires both TSXV and shareholder approval.
Kidoz (TSXV:KIDZ) reported its Q1 2024 unaudited financial results, revealing a 7% YoY increase in total revenue to $1,793,071. Direct Ad Tech Advertising Revenue rose 10% to $1,695,140, while Programmatic Ad Tech Advertising Revenue grew 16% to $78,715. The company saw a net loss of $719,583, an improvement of 33% compared to Q1 2023. Adjusted EBITDA showed a slight improvement, landing at ($543,289). However, cash reserves decreased to $874,981 from $1,469,224 at the end of 2023. Free Cash Flow dropped significantly to ($599,096). Kidoz remains optimistic about its growth prospects for 2024, citing the evolving digital advertising landscape and increasing regulatory focus on child privacy protections.
Kidoz Inc. (TSXV:KIDZ) has reported strong financial results for Q4 2022, with revenue reaching $15,054,490 and free cash flow of $433,745. The company's working capital stood at $4,110,785, with no exposure to Silicon Valley Bank. Despite a challenging advertising market, Kidoz continues to grow, particularly outside North America. Management remains optimistic about fiscal 2023, expecting results to surpass 2022 levels. The company plans to release audited financial statements by mid-April 2023. Kidoz emphasizes its focus on innovative advertising technology and global sales growth.
Kidoz Inc. announced record fiscal 2022 results, reporting total revenue of $15,054,490, a 14% increase year-over-year. The company achieved significant growth in network activity, with 2.105 billion paid impressions and 1.142 billion video views, marking 46% and 60% growth, respectively. Despite strong performance, Kidoz faced a net loss of $1,392,531 for the year, a notable increase from $190,321 in fiscal 2021. Q4 2022 saw revenue of $6,751,091, a 92% increase from Q3, and a profit of $373,962. The company anticipates continued growth in 2023, backed by its strategic market positioning and regulatory advantages.
Kidoz Inc. (TSXV:KIDZ), a leader in mobile AdTech and COPPA-compliant advertising, has appointed Talk Shop Media as its agency of record. This strategic partnership aims to enhance Kidoz's brand awareness and media relations across North America. At the Annual General Meeting, shareholders elected a new Board of Directors and reaffirmed key operational strategies including a potential move to British Columbia. Kidoz is recognized for its innovative advertising technology that safely engages children and families.
Kidoz Inc. reported significant growth in its Q3 2022 network, with 503 million monetized impressions, representing a 24.1% increase from Q2 2022. Video views surged 42% to 255 million, while rich media ads grew by 23.6%. The company maintains its 2022 revenue guidance of US$16M to US$18M, projecting 35% year-over-year growth. Kidoz continues to thrive amidst a global slowdown in mobile advertising, focusing on safe monetization strategies, particularly for the kids' segment. The upcoming Q4 is expected to contribute over 50% of annual revenue.
Kidoz Inc. applauded a new California ruling raising the regulatory age for advertisers to market to minors from under 13 to 17, enhancing Kidoz's addressable market. Despite macro challenges affecting advertising demand, the company projects revenue between $16M and $18M for 2022, reflecting 35% year-over-year growth. Kidoz's network now sees over double the SDK app adoption compared to competitors, and the company plans to expand its sales force in North America to boost visibility. Kidoz remains committed to maintaining positive Adjusted EBITDA for the third consecutive year.
Kidoz Inc. announced plans for a normal course issuer bid to purchase its shares, subject to regulatory approval, starting September 15, 2022. The bid aims to acquire up to 6,579,074 shares, representing 5% of the issued and outstanding shares, acknowledging that recent trading prices do not reflect the company’s net asset value. Kidoz is a leader in mobile AdTech, compliant with COPPA & GDPR, and offers a contextual advertising network recognized by major brands like Disney and Lego.
