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 reported a strong third quarter for 2022, achieving a gross profit of CAD$3.4 million, a 45% increase year-over-year. Total revenue reached CAD$7.5 million, though this marked a decrease from CAD$10.4 million in Q3 2021. The company secured six new contracts with a potential annual ad budget of up to CAD$40 million. Adjusted EBITDA for the quarter was CAD$734 thousand, compared to CAD$585 thousand in the same period last year. However, working capital decreased by 19% to CAD$10 million from the previous year.
Adcore Inc. announced the renewal of its channel partner agreement with Microsoft for 2023, continuing its membership in the Microsoft Advertising Partner Program since September 2019. Adcore has held Microsoft Elite Partner status since February 2022, showcasing its leading role in digital marketing solutions. The partnership aims to enhance Adcore's offerings and expand its global customer base across various industries, ensuring a seamless experience for advertisers in the digital marketplace.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) announced it will release its third quarter financial results for the period ending September 30, 2022, on November 14, 2022, after market close. A conference call will take place on November 15, 2022, at 10:00 a.m. ET to discuss these results. Adcore leverages a proprietary AI-driven advertising management platform, enhancing digital marketing efforts for e-commerce clients. The company is recognized as a Google Premier Partner and has been featured in Deloitte’s Fast 50 Technology list. For more information, visit Adcore's investor page.
Adcore Inc. (TSX:ADCO) announced securing six new clients in Q3 2022, yielding a potential advertising budget of up to CAD$40 million, marking the largest quarterly ad spend addition in the company's history.
This expansion spans North America, Greater China, and Australia/New Zealand, with a focus on e-commerce sectors like fashion and health. CEO Omri Brill emphasized successful client acquisition in North America, anticipating significant business momentum into Q4 2022 and 2023.
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) has launched the Alerter app, a digital asset monitoring tool integrated into the Adcore Marketing Cloud. This app provides continuous oversight of digital assets, including websites and ad accounts, issuing alerts for issues like downtime and ad disapprovals. Alerter is designed to enhance efficiency for marketers, helping to spot errors in real time and save costs. CEO Omri Brill highlighted the app as a significant milestone in Adcore's ambition to be a comprehensive solution for online marketing needs.
Adcore Inc. has appointed Nancy Goertzen to its Board of Directors, bringing over 25 years of diverse corporate development experience. CEO Omri Brill expressed optimism about Goertzen's role in advancing growth strategies. Goertzen's background spans several sectors, including media and renewable energy, and she has a proven track record in market readiness, ESG, and investor relations. This strategic move aligns with Adcore's ongoing innovation in its e-commerce advertising platform, aiming to enhance its market presence and drive future growth.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) will release its second quarter financial results for the period ending June 30, 2022, on August 10, 2022, after market close. A webcast and conference call will follow on August 11, 2022, at 10:00 a.m. ET, focusing on Q2 results and answering investor questions. The company is known for its e-commerce advertising management platform, leveraging AI to enhance digital marketing effectiveness, and has been recognized on Deloitte's Fast 50 Technology list.
Adcore Inc. (TSX:ADCO) announced the results from its annual general meeting held in Toronto. Five director nominees were elected with support ranging from 99.93% to 99.96% of votes cast. The shareholders also approved the appointment of Ziv Haft, Certified Public Accountants as auditors with a 99.63% affirmation vote. Established in 2006, Adcore is known for its e-commerce advertising management platform, enhancing digital marketing for clients. The company is recognized as a Google Premier Partner and employs over 50 individuals across various locations.
Adcore Inc. announced an agreement to purchase and cancel 2,171,400 common shares, equating to 3.4% of its outstanding shares, from a former executive at a price of $0.20 per share. This transaction is classified as an exempt issuer bid. The board believes the share price does not reflect the company's true value, positioning this buyback as beneficial for shareholders. Post-cancellation, Adcore will have 61,613,021 shares outstanding. The company continues to enhance e-commerce through its advertising management and automation platform.
Adcore Inc. (TSX:ADCO) has launched a new blog aimed at enhancing its digital marketing services. This blog targets marketing professionals, providing valuable insights into PPC, e-commerce, and advertising technologies. CEO Omri Brill emphasized the importance of high-quality content in building trust and engagement with clients. The company is already seeing a significant increase in subscribers, indicating the relevance of the content. Adcore aims to further leverage the blog to support its growing customer base and enhance their understanding of digital marketing.