Zoomd Technologi - ZMDTF STOCK NEWS

Zoomd Technologies (TSXV: ZOMD, OTC: ZMDTF) and its subsidiary Zoomd , a MarTech platform specializing in user acquisition (UA) and engagement, have been recognized as one of the Top App Marketing Companies of 2024 by Business of Apps. This accolade acknowledges Zoomd's exceptional performance, innovative strategies, and high customer satisfaction in the app marketing sector. Chief Growth Officer Omri Argaman highlighted the award as validation of their ongoing efforts to provide top-tier UA solutions. Business of Apps' Director James Cooper praised Zoomd's comprehensive platform for unifying and optimizing UA processes under one dashboard, cementing its leadership in the industry.

Zoomd Technologies (TSXV: ZOMD, OTC: ZMDTF) reported its Q1 2024 financial results. Revenue increased by 1% YoY and 16% QoQ, driven by strategic refocusing. Adjusted EBITDA rose to $1.2M from $0.2M in Q1 2023. The company reported a net income of $0.5M after six consecutive quarters of losses, ending the quarter with $2.3M in cash and no long-term debt. Operating income improved to $0.6M from an operating loss of $3.5M in Q1 2023. Expenses were reduced significantly: R&D by 26% QoQ and SG&A by 33% QoQ. Gross profit margin was 39%. The company held a conference call on May 30, 2024, to discuss these results.

Zoomd Technologies (TSXV: ZOMD; OTC: ZMDTF) will release its Q1 2024 financial results on May 30, 2024. The company, a MarTech user-acquisition and engagement platform, has scheduled a conference call for the same day at 11 a.m. ET to discuss the results and provide a corporate update. The conference call will be accessible via Internet webcast in the Investors section of the company’s website. Questions for the call can be sent to ZOMD@lythampartners.com, and a webcast replay will be available on the website.

Zoomd Technologies reported a 39% decline in revenues for FY2023, reaching $32.1M, due to lower revenues from the cryptocurrency sector and discontinuation of unprofitable activities. Despite this, gross margins increased by 6% during the same period. The Company achieved positive operating income in Q4.23 for the first time in the last 5 quarters and ended the year with a cash balance of $2.6M. Management undertook strategic actions to address market challenges, leading to a transition from cash-burning to cash-generating operations in the second half of 2023.

Zoomd Technologies (TSXV: ZOMD) (OTC: ZMDTF) will release its financial results for the fourth quarter and full year on April 24, 2024. A conference call is scheduled for 11 a.m. ET on the same day to discuss the results and provide a corporate update. Interested parties can access the call via Internet webcast.

Zoomd's Albert AI technology is revolutionizing ad creative optimization, leveraging AI to enhance creative performance across various platforms and campaigns. As marketers face challenges in objectively optimizing ads, Albert AI addresses this by systematically testing parameters to exceed client KPIs. Notably, an e-commerce client aiming for a 500% Return On Ad Spend (ROAS) achieved an 800% improvement after working with Albert. With continuous successful optimizations leading to 10-20% yearly improvements, Albert serves as an autonomous marketing ally, effectively managing campaigns 24/7.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) will participate in the 9th Annual AlphaNorth Capital Conference from January 20 to 22, 2023. Amit Bohensky, Co-Founder and Chairman, will represent the company, which specializes in marketing technology for user acquisition and engagement. The conference aims to connect growth-stage companies with top-level finance professionals through one-on-one meetings. Zoomd's platform integrates over 600 media sources, maximizing data insights for advertisers. For inquiries, contact Lytham Partners or visit zoomd.com.