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 (TSX: ADCO, OTCQX: ADCOF, FSE: ADQ) reported a 13% YoY increase in gross profit to CAD$3.1 million for Q1 2024, with a notable gross margin improvement from 40% to 45%. Adjusted EBITDA rose by 196% to CAD$201,000, evidencing significant operational gains. Revenue saw a modest increase of 1% to CAD$6.9 million. Regional performance was mixed: North America grew by 30%, APAC rose by 8%, but EMEA declined by 18%. Net cash flow from operations improved to CAD$13,000. Operations were bolstered by increased global sales staff and a strong balance sheet. Share repurchases reduced outstanding shares by 3.1%.
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF)(FSE:ADQ) will release its Q1 2024 financial results on May 15, 2024, followed by a conference call and webcast to discuss the results. The company is a leading e-commerce advertising platform specializing in digital marketing. Investors can register for the event to get insights from management and ask questions about Adcore's performance.
Adcore Inc. announced the appointment of Mr. Nick Campbell as Investor Relations Manager, a capital markets professional with 8 years of experience. The company terminated the engagement of Bristol IR, thanking them for their services. CEO Omri Brill emphasized the importance of effective shareholder communication and engagement.
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