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 Inc. (TSX:ADCO, OTCQX:ADCOF) reported its financial results for the year ended December 31, 2022, highlighting key performance metrics. Gross margin improved by 43%, accompanied by the addition of over 20 new strategic customers. Revenue for 2022 was CAD$26.6 million, down 25% from 2021, while adjusted EBITDA decreased by 64% to CAD$1.4 million. Notably, EMEA and North America saw regional revenue increases of 71% and 125%, respectively. Cash and cash equivalents stood at CAD$8.8 million as of year-end. Looking ahead, Q1 2023 revenue is projected between CAD$6 million and CAD$6.5 million.
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