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 an AI-powered marketing technology company that regularly publishes updates on its operations, financial performance, partnerships, and client mandates. Its news flow highlights how the company applies its proprietary Marketing Cloud platform and related applications to digital marketing and e-commerce advertising.
Investors and observers can find announcements about quarterly financial results, where Adcore discusses revenue, gross profit, regional performance across North America, EMEA, and APAC, and the use of non-IFRS metrics such as Adjusted EBITDA. These releases also describe trends in working capital, cash and cash equivalents, and the contribution of applications like MediaBlast.
Adcore’s news also covers client wins and mandates. Examples include appointments to lead digital marketing initiatives for a boutique women’s apparel brand, an online hockey equipment retailer, and a Canadian investment fund manager. In these cases, the company describes how it uses its Feeditor App, Marketing Cloud, and digital marketing expertise to manage product feeds, run performance marketing campaigns, and enhance brand presence across major digital channels.
Another recurring theme in Adcore’s news is product and partnership development. The company has reported on the progress of Proposaly, its AI-driven proposal platform, and on a partnership with Criteo to integrate AI-powered advertising solutions into its Marketing Cloud in North America.
This news page aggregates such releases so that readers can review Adcore’s financial disclosures, client-related announcements, and product and partnership updates in one place.
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.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.