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Kidoz Inc. (TSXV:KIDZ) is a leading kids' content discovery platform that helps children find safe, entertaining, and relevant content while supporting brands to distribute their content efficiently. Founded as a personal project by a father concerned about his daughter's online safety, Kidoz has grown into a global entity serving millions of kids and aiding brands and developers to monetize and distribute their content for kids. With a focus on providing a secure and engaging digital experience for kids across various devices, Kidoz aims to bridge the gap for mobile kids' brands and developers to create sustainable business models without compromising on quality or safety.
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.
Kidoz Inc. reported record financial results for Q4 2021, with total revenue of $5,883,484, up 109% from Q3 2021. The company achieved a profit of $990,302, a turnaround from a loss of $75,040 the previous quarter. For the full year, total revenue reached $12,433,573, a 74% increase year-over-year, though GAAP profit declined to $23,141. Adjusted EBITDA for Q4 was $1,353,442, marking a 409% growth compared to Q3. Kidoz emphasizes its position in the safe mobile advertising market while expanding its offerings to various demographics.
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