Welcome to our dedicated page for Adcore news (Ticker: ADCOF), a resource for investors and traders seeking the latest updates and insights on Adcore stock.
Adcore Inc. (ADCOF) is a leader in AI-driven digital marketing solutions, specializing in automated advertising for global e-commerce businesses. This page serves as the definitive hub for official company announcements, financial updates, and strategic developments.
Investors and industry professionals will find curated press releases covering earnings reports, technology innovations, partnership announcements, and operational milestones. Our collection ensures timely access to authenticated information critical for understanding Adcore's market position in the competitive ad-tech sector.
Key updates include product launch details, executive leadership changes, financial performance disclosures, and collaborations with major platforms like Google, Microsoft, and Amazon. All content is sourced directly from verified corporate communications to maintain accuracy and compliance.
Bookmark this page for streamlined tracking of Adcore's progress in advancing AI-powered marketing automation. Regularly updated to reflect new developments, it provides essential insights for stakeholders monitoring the evolving digital advertising landscape.
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.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading e-commerce advertising management and automation platform, has announced its plans to release Q2 2024 financial results on August 14, 2024, before the market opens. The company will host a conference call and webcast at 10:00 a.m. ET on the same day to discuss the results.
Investors and interested parties can register for the conference call/webcast through the provided link. The call will feature a brief statement from management, followed by a Q&A session. Questions can be submitted in advance to invest@adcore.com.
Adcore, a leading e-commerce advertising management and automation platform, announced the results of its annual shareholders meeting held on June 20, 2024, in Toronto. All five director nominees listed in the May 20, 2024 management information circular were elected, each receiving 99.73% of votes. The directors Omri Brill, Roy Nevo, Sukvinder (Sokhie) Puar, Ronnie Jaegermann, and Nancy Goertzen will serve until the next annual meeting. Additionally, shareholders approved the appointment of Ziv Haft, Certified Public Accountants (Isr.), BDO Member Firm, as the company's auditor, with 98.82% of the votes in favor.
Adcore has launched a new version of its corporate website, aimed at enhancing user experience and showcasing its extensive range of innovative marketing solutions. The revamped site offers streamlined navigation and an intuitive interface, making it easier for clients to explore services like marketing cloud apps and case studies. Additionally, Adcore introduced two new solutions: Marketing Data & Analytics and Brand Awareness Marketing. These new offerings include advanced tools such as CTV, Programmatic Advertising, and Digital Billboards, designed to meet the growing demands of enterprise clients in the digital marketing landscape.
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