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 has engaged Bristol Capital Ltd. for North American investor relations and Dr. Reuter Investor Relations for European services to enhance shareholder communication. Bristol's contract is for 12 months, with a monthly fee of up to CAD $10,000 and 200,000 stock options at CAD $0.35 each. Dr. Reuter's initial engagement lasts 6 months at a fee of up to €3,000 per month. The company has also terminated its prior arrangement with IMS Investor Relations, which lasted from January 2021 to February 2023. The CEO expressed confidence in the new partnerships to strengthen investor relationships as the company continues to grow.
TORONTO, ON / ACCESSWIRE / March 2, 2023 / Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) has reaffirmed its preliminary guidance for Q4 2022, expecting revenues between CAD$8 million and CAD$9.1 million, with gross profits projected between CAD$2.7 million and CAD$3.7 million, reflecting a gross margin of approximately 40%. The company reported a cash position increase of 7%, totaling CAD $8.8 million as of December 31, 2022, up from CAD $8.2 million on September 30, 2022. CEO Omri Brill highlighted the team's dedication and the positive results, emphasizing plans for continued growth.
Adcore Inc. has achieved the prestigious 2023 Google Premier Partner status, placing it among the top 3% of Google advertising partners. This recognition underscores Adcore's expertise in maximizing campaign success and driving client growth through advanced digital marketing solutions. As a result, Adcore will be allowed to display the Premier Partner badge on its marketing materials, further enhancing its brand credibility. CEO Omri Brill expressed pride in this achievement, reinforcing their commitment to impactful digital marketing. Adcore continues to empower e-commerce through its innovative advertising management platform.
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Adcore Inc. will present at the World Outlook Financial Conference on February 4, 2023, marking its third consecutive year at this event. Chief Partnerships Officer, Martijn van den Bemd, expressed enthusiasm for attending in-person for the first time. The company reported positive results through innovation and securing new contracts and renewals from partners. The World Outlook Financial Conference is known for providing valuable financial forecasts for investors over 33 years. Adcore specializes in e-commerce advertising management, utilizing AI to optimize advertising strategies for maximum ROI.
Adcore Inc. has issued preliminary guidance for its fourth quarter of 2022, projecting revenues between CAD$8 million and CAD$9.1 million, with gross profit expected to range from CAD$2.7 million to CAD$3.7 million, leading to a gross margin of 40%. The Company also appointed Zehavit Dan as General Counsel and Corporate Secretary, bringing over 18 years of legal experience. Adcore, a key player in e-commerce advertising management, continues to enhance its digital marketing solutions, aiming to empower advertisers worldwide.
Adcore Inc. has relaunches its Amphy e-learning platform, enhancing user experience with a redesigned interface and new features. Key upgrades include class trailers for previews, improved visibility for class availability, and a streamlined checkout process. These improvements aim to provide a more engaging online learning experience for users. CEO Omri Brill expressed enthusiasm for the upgrades, which are designed to support learners in achieving their goals. Founded in 2021, Amphy offers diverse live online classes to cater to various learning needs.
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.