Adcore Stock Price, News & Analysis

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.

Adcore Inc. has secured a contract with Candlefox, an Australian education marketing agency, to manage up to CAD $12 million in annual paid digital marketing activities. This partnership aims to enhance student enrollment for various educational institutions across Australia, New Zealand, and the UK. Adcore's CEO, Omri Brill, expressed enthusiasm for leveraging their expertise to meet Candlefox's needs effectively. Given Adcore's credentials as a certified Google Premier Partner, this collaboration positions them to potentially optimize marketing strategies and return on investment for clients.

Adcore Inc. announced that the Toronto Stock Exchange has approved its normal course issuer bid (NCIB). The company may repurchase up to 3,188,475 shares, approximately 5% of its outstanding shares, within a year, starting May 18, 2022. Daily purchases are capped at 13,593 shares, roughly 25% of average trading volume. Any shares bought will be canceled. Although Adcore intends to buy shares, it does not guarantee completion. The NCIB may employ an automatic purchase plan during blackout periods.