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.
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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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Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) will announce its fourth quarter and fiscal year financial results for 2022 on March 29, 2023, following the market close. A conference call and webcast to discuss these results will occur on March 30, 2023, at 10:00 AM ET. Adcore, known for its e-commerce advertising management platform, is dedicated to helping businesses optimize their digital marketing strategies. Established in 2006, the company operates from multiple global locations and has received recognition as a certified Google Premier Partner. Investors can submit questions ahead of the call and are encouraged to participate.