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 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.
Adcore Inc. (TSX:ADCO, OTCQX:ADCOF) announced plans for a Normal Course Issuer Bid (NCIB) to purchase up to 3,188,475 common shares. The company believes the current market price does not fully reflect the shares' value, making this purchase an attractive use of available funds. The NCIB, subject to TSX acceptance, is set to commence on May 18, 2022, and will terminate one year later or upon purchase of the maximum shares. Share repurchases will occur at prevailing market prices, with all shares acquired canceled.
Adcore reported its Q1 2022 financial results, revealing total revenue of CAD$4.7 million, down from CAD$8.6 million in Q1 2021. Despite a 2% increase in gross profit to CAD$2.0 million, the gross margin rose significantly to 43%, up from 23% a year earlier. The company faced an operating loss of CAD$446 thousand, compared to a profit of CAD$36 thousand last year, while Adjusted EBITDA decreased 85% to CAD$85 thousand. Adcore secured 14 new clients globally and extended its contract with the Israeli Government for up to CAD$25 million annually, enhancing its partnerships with Microsoft and Google.
Adcore Inc. (Ticker: ADCOF) will release its financial results for Q1 2022 on May 10, 2022, after market close. A conference call is scheduled for May 11, 2022, at 10:00 a.m. ET, focusing on the results and addressing shareholder questions. The company is known for its e-commerce advertising management platform and is recognized as a certified Google Premier Partner and Elite Tier Microsoft Partner. Established in 2006, Adcore operates from multiple global locations, providing innovative digital marketing solutions.
Adcore Inc. has announced a new contract with Best & Less to manage its search engine marketing efforts. This agreement marks a significant collaboration as Best & Less seeks to enhance its ecommerce capabilities post-COVID-19. Adcore aims to leverage its advanced digital marketing solutions to support the Australian retailer's growth objectives. CEO Omri Brill expressed enthusiasm for the partnership, while Best & Less management highlighted the need for robust performance marketing strategies for their omni-channel growth. This partnership underscores Adcore’s established reputation in the Australian ecommerce market.
Adcore reported a 57% increase in total revenue for the year ending December 31, 2021, reaching CAD$35.7 million, up from CAD$22.8 million in 2020. Adjusted EBITDA rose to CAD$3.9 million, a 17% increase. The company improved its cash position, with total working capital growing by 67% to CAD$13.0 million. In the fourth quarter, revenue totaled CAD$9.7 million, with a notable increase in operating profit of 356% year-over-year. Adcore launched the Amphy.com learning platform and expanded into the U.S. market, setting a foundation for sustainable growth.
Adcore Inc. (TSX: ADCO) has scheduled its fourth quarter and full year 2021 financial results release for March 14, 2022, followed by a video conference call on March 15, 2022, at 10:00 a.m. ET. The conference will discuss key results and answer shareholder questions. Adcore is recognized for its e-commerce advertising management platform and is a certified partner of major digital platforms. This event is significant for investors looking to understand the company's financial performance as it prepares to share critical earnings data.
Adcore Inc. (TSX:ADCO)(OTCQX:ADCOF) announced on February 17, 2022, its attainment of Google Premier Partner status, placing it among the top 3% of Google advertising partners globally. This recognition underscores Adcore's capabilities in maximizing digital marketing success for clients, augmenting client growth, and showcasing expertise in Google Ads. As a Premier Partner, Adcore gains access to exclusive benefits, including the ability to display the Premier Partner badge. CEO Omri Brill expressed enthusiasm over this achievement, reflecting the company's strength in digital marketing solutions.
Adcore Inc. has achieved Elite tier status in the Microsoft Advertising Partner program, marking the highest partnership level. This recognition reflects the Company's strong performance as a channel partner in 2021, notably after launching the Adcore Marketing Cloud platform. CEO Omri Brill emphasized that this status showcases their advanced marketing solutions and commitment to growth. Microsoft acknowledged the success in customer acquisition and the mutual benefits for both platforms. Adcore continues to innovate in the e-commerce advertising sector while maintaining a strong global presence.