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Zoomd Technologies Ltd. (ZMDTF) is a marketing technology company specializing in user acquisition and engagement platforms. Founded in 2012 and publicly traded on the TSX Venture Exchange, Zoomd offers an innovative mobile app user-acquisition platform integrated with global digital media outlets. Their unified dashboard combines over 600 media sources for advertisers, streamlining campaign management and reducing data integration costs. Zoomd's focus on core user acquisition activities and cutting-edge UA technology has led to impressive achievements, including recognition as a Top User Acquisition Company and Top DSP by Business of Apps.
Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) held its annual and special meeting on December 7, 2022, where shareholders re-elected all board members: Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan, and Avigur Zmora, with approval percentages exceeding 96%. An ordinary resolution was passed for the re-appointment of Brightman Almagor Zohar & Co as auditors, receiving 98.310% approval. Additionally, a Continuance Resolution was passed with 96.580% support. The company aims to enhance its advertising platform, which integrates over 600 media sources.
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) announces the appointment of Ido Almany as CEO, effective December 8, 2022. Almany succeeds Ofer Eitan, who was CEO since the 2017 merger with Moblin. Almany brings significant experience, including a successful tenure at American Express in Israel, generating US$140M in annual revenue. He aims to leverage his expertise to drive growth and strengthen Zoomd's market position. In connection with his appointment, Almany received 3.16 million stock options with performance and time vesting conditions.
Zoomd Technologies reported its financial results for Q3 2022, showing a 39% decline in revenues year-over-year at $9.8M, attributed to macroeconomic impacts on client advertising budgets. Despite this, revenues increased by 25% over the nine-month period. Adjusted EBITDA was positive at $15K, but the company faced an operating loss of $1.4M compared to a profit of $961K in Q3 2021. Zoomd expects revenue growth of 5% for the full year 2022, reflecting challenges in sectors like Fintech and Cryptocurrency. The company ended the quarter with $3.4M in cash and without long-term debt.
Zoomd Technologies Ltd. (OTC: ZMDTF) will announce its third quarter 2022 financial results on November 29, 2022, during a conference call at 11 a.m. ET. The company, specializing in marketing technology for user acquisition, offers a platform that consolidates over 600 media sources into a unified dashboard for advertisers. This integration aims to streamline data collection and enhance campaign management, saving resources for advertisers. The company invites interested parties to access the call via its website.
On September 14, 2022, Zoomd Technologies Ltd. (ZMDTF) announced a new publisher agreement with El Universal, a top Spanish-language website, signed on July 6, 2022. This partnership will integrate Zoomd's search engine into El Universal's platforms, enhancing user engagement and content monetization. El Universal attracts over 44 million visitors monthly, which positions Zoomd for significant growth. The onboarding process will include both mobile and desktop integrations, leveraging Zoomd's advanced machine learning and natural language processing technologies.
Zoomd Technologies Ltd. (OTC: ZMDTF) reported strong financial results for Q2 2022, with revenues rising 45% year-over-year to $16.2M, supported by new client acquisitions and expanded spending from existing customers. The company achieved positive Adjusted EBITDA of $1.5M and cash flow from operations of $2.7M, ending the quarter with $5.1M cash and no long-term debt. However, due to a global market slowdown, Zoomd revised its 2022 revenue guidance to $65M-$70M, reflecting a cautious outlook while also highlighting a focus on diversifying revenue streams across various sectors.
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) will report its second quarter 2022 financial results on August 29, 2022. A conference call is scheduled for August 30 at 11 a.m. ET to discuss the results. Zoomd offers a marketing technology platform focused on user acquisition and engagement, integrating over 600 media sources into a single dashboard. The company aims to maximize data collection and insights while minimizing resource expenditure for advertisers. Forward-looking statements in the release express uncertainties regarding future performance.
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) announced that it will release its first quarter 2022 financial results on May 31, 2022. A conference call is scheduled for 11 a.m. ET to discuss these results. The call will be accessible via webcast on the company's investors page. Zoomd, a marketing technology platform, integrates over 600 media sources to enhance user acquisition and engagement for advertisers, aiming to optimize resources and maximize data insights.
On May 12, 2022, Zoomd Technologies Ltd. (OTC: ZMDTF) announced key personnel promotions to support ongoing growth. Omri Argaman is promoted to Chief Growth Officer, overseeing marketing and expansion efforts, particularly in Latin America. Yair Yaskerovitch becomes Chief Operating Officer, directing operations, while Ayelet Kaplan, Daniel Avshalom, and David Itzkowitz rise to Director roles in user acquisition, media, and performance, respectively. These changes aim to enhance Zoomd's market position and leverage its technology platform for advertisers.
Zoomd Technologies Ltd. has announced the acquisition of substantially all assets of Albert Technologies Ltd. in a cash and stock transaction, enhancing its client base by adding several Fortune 500 companies. The acquisition, completed on March 27, 2022, strengthens Zoomd's position in the marketing technology sector with Albert's AI-driven capabilities for managing digital campaigns on platforms like Google and Facebook. This move supports Zoomd's transition to a self-service SaaS model and aligns with its strategic focus on scalability and improved advertising efficiency.
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