Zoomd Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results
Zoomd Technologies (ZMDTF) reported strong financial results for Q4 and FY2024. The company achieved revenue of $54.5M in FY2024, representing a 70% year-over-year growth, with Q4 revenue doubling to $15M compared to Q4 2023.
Key financial highlights include:
- FY2024 gross margin improved to 39% (2% YoY increase)
- Adjusted EBITDA reached $11.3M in FY2024 vs $1.7M in FY2023
- Net income of $8.9M in FY2024, a significant turnaround from $4.7M loss in 2023
- Generated operating cash flow of $7.7M with year-end cash balance of $9.2M
- Earnings per share for FY2024 was C$0.12
The company demonstrated strong operational efficiency with operating expenses reduced to 22% of revenue in FY2024, down from 50% in FY2023. Research and Development expenses decreased by 17% YoY to $2.7M, while Selling, General and Administrative expenses declined 5% YoY to $9.5M.
Zoomd Technologies (ZMDTF) ha riportato risultati finanziari solidi per il quarto trimestre e l'anno fiscale 2024. L'azienda ha raggiunto un fatturato di 54,5 milioni di dollari nell'anno fiscale 2024, con una crescita del 70% rispetto all'anno precedente, e il fatturato del quarto trimestre è raddoppiato a 15 milioni di dollari rispetto al quarto trimestre 2023.
I principali punti finanziari includono:
- Il margine lordo per l'anno fiscale 2024 è migliorato al 39% (aumento del 2% rispetto all'anno precedente)
- EBITDA rettificato ha raggiunto 11,3 milioni di dollari nell'anno fiscale 2024 rispetto a 1,7 milioni di dollari nel 2023
- Il reddito netto è stato di 8,9 milioni di dollari nell'anno fiscale 2024, un notevole recupero rispetto alla perdita di 4,7 milioni di dollari nel 2023
- Flusso di cassa operativo generato di 7,7 milioni di dollari con un saldo di cassa a fine anno di 9,2 milioni di dollari
- Utili per azione per l'anno fiscale 2024 sono stati di C$0,12
L'azienda ha dimostrato una forte efficienza operativa con le spese operative ridotte al 22% del fatturato nell'anno fiscale 2024, rispetto al 50% nel 2023. Le spese per Ricerca e Sviluppo sono diminuite del 17% rispetto all'anno precedente a 2,7 milioni di dollari, mentre le spese per Vendite, Generali e Amministrative sono scese del 5% rispetto all'anno precedente a 9,5 milioni di dollari.
Zoomd Technologies (ZMDTF) informó resultados financieros sólidos para el cuarto trimestre y el año fiscal 2024. La empresa alcanzó ingresos de 54,5 millones de dólares en el año fiscal 2024, lo que representa un crecimiento del 70% interanual, con ingresos del cuarto trimestre que se duplicaron a 15 millones de dólares en comparación con el cuarto trimestre de 2023.
Los aspectos financieros clave incluyen:
- El margen bruto del año fiscal 2024 mejoró al 39% (aumento del 2% interanual)
- El EBITDA ajustado alcanzó 11,3 millones de dólares en el año fiscal 2024 frente a 1,7 millones de dólares en 2023
- El ingreso neto fue de 8,9 millones de dólares en el año fiscal 2024, una recuperación significativa respecto a la pérdida de 4,7 millones de dólares en 2023
- Generó un flujo de caja operativo de 7,7 millones de dólares con un saldo de caja al final del año de 9,2 millones de dólares
- Las ganancias por acción para el año fiscal 2024 fueron de C$0,12
La empresa demostró una fuerte eficiencia operativa con los gastos operativos reducidos al 22% de los ingresos en el año fiscal 2024, frente al 50% en 2023. Los gastos en Investigación y Desarrollo disminuyeron un 17% interanual a 2,7 millones de dólares, mientras que los gastos en Ventas, Generales y Administrativos cayeron un 5% interanual a 9,5 millones de dólares.
Zoomd Technologies (ZMDTF)는 2024 회계연도 4분기 및 전체 회계연도에 대한 강력한 재무 실적을 보고했습니다. 이 회사는 2024 회계연도에 5,450만 달러의 수익을 달성했으며, 이는 전년 대비 70% 성장한 수치로, 4분기 수익은 2023년 4분기와 비교하여 1,500만 달러로 두 배 증가했습니다.
주요 재무 하이라이트는 다음과 같습니다:
- 2024 회계연도의 총 마진이 39%로 개선되었습니다 (전년 대비 2% 증가)
- 조정된 EBITDA는 2024 회계연도에 1,130만 달러에 도달했으며, 2023년에는 170만 달러였습니다
- 2024 회계연도의 순이익은 890만 달러로, 2023년의 470만 달러 손실에서 상당한 반전을 이루었습니다
- 운영 현금 흐름은 770만 달러를 생성하였고, 연말 현금 잔고는 920만 달러입니다
- 2024 회계연도의 주당 순이익은 C$0.12였습니다
회사는 2024 회계연도에 운영 비용을 수익의 22%로 줄이며 강력한 운영 효율성을 입증했습니다. 이는 2023년의 50%에서 감소한 수치입니다. 연구 및 개발 비용은 전년 대비 17% 감소하여 270만 달러가 되었고, 판매, 일반 및 관리 비용은 전년 대비 5% 감소하여 950만 달러가 되었습니다.
Zoomd Technologies (ZMDTF) a annoncé des résultats financiers solides pour le quatrième trimestre et l'exercice 2024. L'entreprise a réalisé un chiffre d'affaires de 54,5 millions de dollars pour l'exercice 2024, représentant une croissance de 70 % d'une année sur l'autre, avec un chiffre d'affaires du quatrième trimestre doublé à 15 millions de dollars par rapport au quatrième trimestre 2023.
Les points financiers clés incluent :
- La marge brute pour l'exercice 2024 a été améliorée à 39 % (augmentation de 2 % par rapport à l'année précédente)
- L'EBITDA ajusté a atteint 11,3 millions de dollars pour l'exercice 2024 contre 1,7 million de dollars en 2023
- Le revenu net a été de 8,9 millions de dollars pour l'exercice 2024, un retournement significatif par rapport à une perte de 4,7 millions de dollars en 2023
- Un flux de trésorerie opérationnel de 7,7 millions de dollars a été généré avec un solde de trésorerie de 9,2 millions de dollars à la fin de l'année
- Le bénéfice par action pour l'exercice 2024 était de C$0,12
L'entreprise a démontré une forte efficacité opérationnelle avec des dépenses d'exploitation réduites à 22 % des revenus pour l'exercice 2024, contre 50 % en 2023. Les dépenses en recherche et développement ont diminué de 17 % d'une année sur l'autre pour atteindre 2,7 millions de dollars, tandis que les dépenses de vente, générales et administratives ont diminué de 5 % d'une année sur l'autre pour atteindre 9,5 millions de dollars.
Zoomd Technologies (ZMDTF) hat starke finanzielle Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024 gemeldet. Das Unternehmen erzielte Umsätze von 54,5 Millionen Dollar im Geschäftsjahr 2024, was einem Wachstum von 70% im Vergleich zum Vorjahr entspricht, wobei sich der Umsatz im vierten Quartal im Vergleich zum vierten Quartal 2023 verdoppelte und 15 Millionen Dollar erreichte.
Wichtige finanzielle Höhepunkte sind:
- Die Bruttomarge im Geschäftsjahr 2024 verbesserte sich auf 39% (2% Anstieg im Jahresvergleich)
- Das bereinigte EBITDA erreichte 11,3 Millionen Dollar im Geschäftsjahr 2024 gegenüber 1,7 Millionen Dollar im Geschäftsjahr 2023
- Der Nettogewinn betrug 8,9 Millionen Dollar im Geschäftsjahr 2024, ein erheblicher Turnaround von einem Verlust von 4,7 Millionen Dollar im Jahr 2023
- Generierte einen operativen Cashflow von 7,7 Millionen Dollar mit einem Kassenstand von 9,2 Millionen Dollar zum Jahresende
- Der Gewinn pro Aktie für das Geschäftsjahr 2024 betrug C$0,12
Das Unternehmen zeigte eine starke betriebliche Effizienz mit Betriebskosten, die im Geschäftsjahr 2024 auf 22% des Umsatzes gesenkt wurden, im Vergleich zu 50% im Jahr 2023. Die Ausgaben für Forschung und Entwicklung sanken im Jahresvergleich um 17% auf 2,7 Millionen Dollar, während die Vertriebs-, allgemeinen und Verwaltungskosten um 5% im Jahresvergleich auf 9,5 Millionen Dollar zurückgingen.
- Revenue grew 70% YoY to $54.5M in FY2024
- Q4 2024 revenue doubled to $15M compared to Q4 2023
- Gross margin improved to 39% (2% YoY increase)
- Adjusted EBITDA increased significantly to $11.3M from $1.7M in 2023
- Net income turnaround to $8.9M from $4.7M loss in 2023
- Operating expenses reduced to 22% of revenue from 50%
- Strong cash position of $9.2M with no long-term debt
- Research and Development spending decreased 17% YoY
- Discontinued several operations that no longer aligned with company vision
Conference call will be held on March 26, 2025 at 11AM ET

Unless otherwise stated herein, all amounts are presented in
Key Financial Highlights
- Revenues in FY2024 were
US , reflecting$54.5M 70% growth compared to FY2023. - FY2024 Gross Margin of
39% , representing a2% YoY increase. - Adjusted EBITDA of
US in FY2024 vs.$11.3M US in FY2023.$1.7M - Net income of
US in FY2024, an increase of$8.9M US compared to FY2023.$13.6M - Generated operating cash flow of
US resulting in an EoY cash balance of$7.7M US .$9.2M
Management Commentary
Ido Almany, CEO of Zoomd Technologies, stated:
"2024 was a transformative year, demonstrating the strength of Zoomd's strategic execution. We achieved a
This performance highlights the scalability and resilience of our business model, technology, and approach, validated by seven consecutive quarters of operating income growth.
These results reflect the dedication, hard work, and disciplined execution by the entire Zoomd team. We remain committed to sustained profitable growth, prioritizing margin expansion, strong cash generation, and a compelling return on investment to drive continued shareholder value."
Amit Bohensky, Chairman of Zoomd Technologies, stated:
"Zoomd's performance in 2024 reflects the foundation we've built through focus, discipline, and belief in our strategy. Looking ahead, we remain committed to investing in the vision that drives us - scaling innovation, deepening customer value, and building a business that delivers over the long term."
Fourth Quarter 2024 Financial Highlights
- Revenues in Q4.24 increased by
100% toUS , compared to$15M US in Q4.23. During 2024 the Company achieved consistent quarterly revenue growth each quarter compared to the corresponding quarter in the previous year.$7.5M - Cost of sales for Q4.24 amounted to
US , reflecting an$8.9M 80% increase compared to Q4.23. However, with revenues increasing100% over the same period, the rise in costs remained notably lower, resulting in a significant improvement in gross margin compared to the same period in 2023. - Operating expenses as a percentage of revenues for Q4.24 were
19% , reflecting a consistent decrease in operating expenses as a percentage of revenue over the past seven quarters. - Adjusted EBITDA grew significantly from
US in Q4.23 to$0.6M US in Q4.24. The increase in Adjusted EBITDA is primarily attributable to the increase in revenues and an improved gross profit margin.$3.2M - Net income for Q4.24 was
US , compared to a net loss of$3M US in Q4.23, marking the fourth consecutive quarter of net income.$0.03M - Cash flow generated from operating activities for Q4.24 was
US . As of December 31, 2024, the Company's cash balance amounted to$2.6M US , and no long term debt.$9.2M - Earnings per share for the year ended December 31, 2024 was
C .$0.12
Fiscal Year 2024 Financial Highlights
- Revenues for 2024 increased by
70% YoY, despite having discontinued several operations that no longer aligned with the Company's vision. - Cost of sales in 2024 amounted to
US , reflecting a$33M 64% increase YoY. - Operating Expenses as a percentage of revenue were
22% for FY2024, down from50% in FY2023 - Research and Development expenses in 2024 were
US , a$2.7M 17% decrease YOY. Selling, General and Administrative expenses in 2024, wereUS , a$9.5M 5% decrease YOY. - Adjusted EBITDA for 2024, reached
US as compared with Adjusted EBITDA of$11.3M US in 2023. This significant increase is primarily attributable to the increase in revenues, and disciplined cost management.$1.7M - Net income for FY 2024 was
US , a significant turnaround from a net loss of$8.9M US in 2023. This improvement was primarily driven by revenue growth, operational restructuring, and the recognition of intangible asset impairments recorded in 2023.$4.7M
CONFERENCE CALL
Amit Bohensky, Founder and Chairman, will hold a conference call to discuss the quarter's financial results at 11 AM ET on March 26, 2025.
Interested parties can listen via a live webcast from the link available in the Investors section of Zoomd's website at https://zoomd.com/investors/ or via https://app.webinar.net/w7KopoOpqXE.
A replay will be available after the call using the same links.
ABOUT ZOOMD:
Zoomd (TSXV: ZOMD) (OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING NON-IFRS FINANCIAL MEASURES
This press release refers to "Adjusted EBITDA" which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company's presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company's estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a Company's operating performance. Essentially, it's a way to evaluate a Company's performance without having to factor in financing decisions, accounting decisions or tax environments.
Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd's MD&A located on the Company's profile at www.sedarplus.ca which is incorporated by reference into this press release.
DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd's future outlook, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the military conflicts), the extent and duration of which are uncertain at this time on Zoomd's business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Amit Bohensky
Chairman
Zoomd ir@zoomd.com
Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com
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SOURCE Zoomd Technologies Ltd.