Adcore Stock Price, News & Analysis

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) has launched Proposaly.io, a new sales workflow platform, in closed beta. The platform integrates marketing presentations, proposal creation, legal agreements, online payments, and project updates into a single solution. Key features include faster deal closures, streamlined workflows, and professional proposal creation tools with customizable templates.

The platform aims to address inefficiencies in traditional sales processes by providing an automated, centralized solution. Adcore will showcase Proposaly's features in a webinar on January 15, 2025. The launch aligns with Adcore's strategy to enhance profitability through SaaS offerings and tap into the proposal management software market, projected to reach US$6.7 billion globally by 2032 with a 12.2% CAGR from 2023-2030.

Adcore has been selected to lead Sports Direct's digital marketing initiatives in Australia and New Zealand. The company will manage marketing strategies across multiple online platforms including Google, Meta, and Microsoft to support Sports Direct's market entry in these regions. This partnership aims to establish the brand's presence and target sports and lifestyle consumers in these new markets. Sports Direct, a major UK-based sportswear retailer and Fraser Group subsidiary, has chosen Adcore for its expertise in digital marketing and technological capabilities.

Adcore reported Q3 2024 financial results with mixed performance across regions. Revenue decreased 5% to CAD$7.8 million, while gross profit increased 12% to CAD$3.7 million with improved margins of 47%. North America and APAC regions showed strong growth of 27% and 26% respectively, while EMEA declined 39%. Adjusted EBITDA rose to CAD$282,000 from CAD$240,000 year-over-year. The company reported a net loss of CAD$172,000 and operating cash flow usage of CAD$488,000. Working capital stood at CAD$6.2 million, down from CAD$7.6 million at the end of 2023.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ) announced it will release its Q3 2024 financial results before market open on Thursday, November 14th, 2024. The company, which provides an e-commerce advertising management and automation platform, will host a webcast and conference call to discuss the results at 10:00 a.m. ET on the same day. Management will make a brief statement and focus on answering questions, which can be submitted in advance to invest@adcore.com.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ) has been named a finalist for two prestigious awards by Microsoft Advertising: Client Partnership of the Year and Channel Partner of the Year for the EMEA region. This recognition follows Adcore's success as Microsoft Advertising Global Channel Partner and EMEA Channel Partner in 2023.

Omri Brill, Adcore's Founder and CEO, expressed pride in the nominations, attributing the success to the company's Marketing Cloud technology and its ability to leverage an international footprint. Nigel Leggatt, Director of Partner Sales - EMEA at Microsoft Advertising, praised the partnership's strength and the value generated through the integration of Microsoft Advertising products into Adcore's solutions.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading e-commerce advertising management and automation platform, has announced its participation in the 2024 Cantech Letter Investment Conference. The event is scheduled for October 9th at 1pm ET at the Arcadian Loft, 401 Bay Street, Toronto, ON.

This conference provides emerging technology companies with an opportunity to showcase their innovations and growth strategies. Participants will also have the chance to engage in one-on-one meetings with investors and capital markets professionals.

Adcore, known for its 'Effortless Marketing' approach, leverages digital marketing in an accessible way. The company's presentation at this event aligns with its goal of highlighting its position in the e-commerce advertising sector.

For more details about the conference, interested parties can visit the official website at https://www.cantechletter.com/conference/

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading e-commerce advertising management and automation platform, will present at the Planet MicroCap Showcase in Vancouver on Wednesday, September 25, 2024, at 11 am PST. The event will take place at the Fairmont Waterfront in Vancouver, British Columbia, Canada.

Investors can register for the showcase and book 1x1 meetings with Adcore at https://planetmicrocapshowcase.com/signup. The presentation will be webcast live at https://www.webcaster4.com/Webcast/Page/3056/50998. Additionally, interested parties can view an interview with Adcore's CEO at https://www.youtube.com/watch?v=tCBReqShQvI.

This presentation offers an opportunity for investors to learn more about Adcore's 'Effortless Marketing' platform, which aims to make digital marketing more accessible and effortless for e-commerce businesses.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading E-commerce advertising management and automation platform, has been appointed by Munro Footwear Group, one of Australia's largest footwear retailers with over 10 brands, to lead their performance marketing efforts. Adcore will utilize its Feeditor app to optimize and curate creative feeds, managing Munro's campaigns across various digital channels.

Omri Brill, Adcore's CEO, expressed enthusiasm about the partnership, highlighting the company's track record in performance marketing and E-commerce client empowerment. Amy Baird, Munro Footwear Group's Head of Marketing, stated that the collaboration with Adcore aligns with their ambitious E-commerce growth goals.

Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) reported its Q2 2024 financial results, showing a 4% decrease in revenue to CAD$6.6 million compared to Q2 2023. Despite this, the company maintained robust gross margins of 44%, up from 43% in the previous year. Notably, North America revenue grew by 22% to CAD$2 million, while EMEA revenue declined by 27%. The company's Media Blast app, launched 12 months ago, has already achieved an ARR of CAD$1 million. Adcore's CEO, Omri Brill, emphasized the company's strong financial position to execute its long-term growth strategy and develop its digital marketing technology. The adjusted EBITDA for Q2 2024 was negative CAD$173,000, compared to positive CAD$112,000 in Q2 2023.