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. reports developments in AI-powered marketing technology, including its Marketing Cloud platform for managing and automating e-commerce advertising and analyzing advertising-budget performance. Company news commonly covers quarterly and annual results, conference calls, international revenue trends across APAC, EMEA and Australia, and new client mandates for performance marketing, media mix modeling and campaign management.
Updates also address Adcore's product expansion, including Proposaly, Feeditor App, AI Creative Studio, SEO services, upper-funnel campaigns and affiliate-driven marketing. Recurring announcements describe platform automation, AI agents, partner certifications with major advertising channels, and the company's operations across Israel, Canada, Australia, Hong Kong and China.
Adcore (ADCOF) reported exceptional Q4 2024 financial results, marking significant growth across key metrics. The company achieved its highest-ever quarterly gross profit of $3.9 million and robust quarterly cash flow from operating activities of $3.8 million.
Q4 2024 highlights include:
- Revenue increased 24% YoY to CAD$11.2 million
- Adjusted EBITDA grew 164% to $1.3 million
- Net income surged 601% to $521 thousand
- APAC revenue up 58% to CAD$5.5 million
- EMEA revenue increased 14% to CAD$3.8 million
Full-year 2024 performance showed:
- Total revenue of CAD$32.5 million, up 4% YoY
- Gross margin improved to 42%
- Adjusted EBITDA increased 75% to CAD$1.6 million
- Cash and equivalents reached CAD$10.8 million
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF)(FSE:ADQ), a global leader in marketing technology with an AI-powered Marketing Cloud platform, has scheduled the release of its Q4 and fiscal year 2024 financial results. The results will be published before market opening on Wednesday, March 26, 2025.
The company will host a conference call and webcast to discuss the results on the same day at 10:00 AM ET. Investors can submit questions in advance to invest@adcore.com. The conference call will feature a brief management statement followed by a Q&A session.
Adcore (TSX:ADCO, OTCQX:ADCOF) has renewed its channel partner agreement with Microsoft Advertising for 2025, continuing their strategic partnership that began in 2019. The company, which achieved Microsoft Elite Partner status in February 2022, was recently recognized as a finalist for both Client Partnership of the Year and Channel Partner of the Year.
The renewal strengthens Adcore's position in digital marketing, where it leverages its AI-powered Marketing Cloud platform to help businesses maximize their digital marketing potential. The partnership has been marked by significant achievements, including Adcore being named Microsoft Advertising's Global Partner of the Year.
Microsoft Advertising's Director of Partner Sales - EMEA highlighted Adcore's international growth and diverse client base as key benefits to their partnership, particularly noting the successful integration of Microsoft Advertising products into Adcore's Marketing Cloud solutions and the advancement of Copilot AI technology.
Adcore Australia has achieved a significant milestone by winning the Best Large PPC Agency award at the 2025 APAC Search Awards in Melbourne. This prestigious recognition, which celebrates excellence in search across Asia and the Pacific region, was awarded to Adcore (TSX:ADCO, OTCQX:ADCOF, FSE:ADQ), a leading provider of AI-powered marketing technology through its Marketing Cloud platform.
The APAC Search Awards are judged by international experts who evaluate agencies based on industry innovation and excellence. Rob Reynolds, Adcore's Commercial Director, expressed pride in the team's achievement while maintaining focus on future growth and opportunities in 2025.
Adcore (TSX:ADCO)(OTCQX:ADCOF) reports strong financial position at the end of 2024, with $10.8 million in cash and equivalents, marking a 61% increase from Q3 2024 and a 34% increase year-over-year. The company's Media Blast app demonstrates significant growth, reaching nearly $2 million in Annual Recurring Revenue (ARR) in December 2024, doubling its performance in just six months from the previous $1 million milestone.
These preliminary, unaudited figures reflect strong business fundamentals across core activities, markets, and segments. The company attributes the cash growth to both seasonal factors and improved business performance. Adcore plans to leverage its robust cash position for technology development and global expansion initiatives in 2025.
The company has scheduled a webinar for January 15th to introduce Proposaly.io, its newest sales enablement app designed to streamline business sales processes and client relationship management.
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.