Kidoz Inc Stock Price, News & Analysis

Kidoz Inc. announced record fiscal 2022 results, reporting total revenue of $15,054,490, a 14% increase year-over-year. The company achieved significant growth in network activity, with 2.105 billion paid impressions and 1.142 billion video views, marking 46% and 60% growth, respectively. Despite strong performance, Kidoz faced a net loss of $1,392,531 for the year, a notable increase from $190,321 in fiscal 2021. Q4 2022 saw revenue of $6,751,091, a 92% increase from Q3, and a profit of $373,962. The company anticipates continued growth in 2023, backed by its strategic market positioning and regulatory advantages.

Kidoz Inc. (TSXV:KIDZ), a leader in mobile AdTech and COPPA-compliant advertising, has appointed Talk Shop Media as its agency of record. This strategic partnership aims to enhance Kidoz's brand awareness and media relations across North America. At the Annual General Meeting, shareholders elected a new Board of Directors and reaffirmed key operational strategies including a potential move to British Columbia. Kidoz is recognized for its innovative advertising technology that safely engages children and families.

Kidoz Inc. reported significant growth in its Q3 2022 network, with 503 million monetized impressions, representing a 24.1% increase from Q2 2022. Video views surged 42% to 255 million, while rich media ads grew by 23.6%. The company maintains its 2022 revenue guidance of US$16M to US$18M, projecting 35% year-over-year growth. Kidoz continues to thrive amidst a global slowdown in mobile advertising, focusing on safe monetization strategies, particularly for the kids' segment. The upcoming Q4 is expected to contribute over 50% of annual revenue.

Kidoz Inc. applauded a new California ruling raising the regulatory age for advertisers to market to minors from under 13 to 17, enhancing Kidoz's addressable market. Despite macro challenges affecting advertising demand, the company projects revenue between $16M and $18M for 2022, reflecting 35% year-over-year growth. Kidoz's network now sees over double the SDK app adoption compared to competitors, and the company plans to expand its sales force in North America to boost visibility. Kidoz remains committed to maintaining positive Adjusted EBITDA for the third consecutive year.

Kidoz Inc. announced plans for a normal course issuer bid to purchase its shares, subject to regulatory approval, starting September 15, 2022. The bid aims to acquire up to 6,579,074 shares, representing 5% of the issued and outstanding shares, acknowledging that recent trading prices do not reflect the company’s net asset value. Kidoz is a leader in mobile AdTech, compliant with COPPA & GDPR, and offers a contextual advertising network recognized by major brands like Disney and Lego.

Kidoz Inc. reported record financial results for Q4 2021, with total revenue of $5,883,484, up 109% from Q3 2021. The company achieved a profit of $990,302, a turnaround from a loss of $75,040 the previous quarter. For the full year, total revenue reached $12,433,573, a 74% increase year-over-year, though GAAP profit declined to $23,141. Adjusted EBITDA for Q4 was $1,353,442, marking a 409% growth compared to Q3. Kidoz emphasizes its position in the safe mobile advertising market while expanding its offerings to various demographics.

Kidoz Inc. reported strong financial growth in Q3 2021, achieving $2.81 million in total revenue, a 47% increase year-over-year. Gross profit rose 34% to $1.23 million, while adjusted EBITDA surged to $265,984. The company, however, incurred a net loss of ($75,040), reduced from a loss of ($545,077) in Q2 2021. Operating cash flow turned negative, with a use of $45,247. Despite this, Kidoz continues to expand in the mobile advertising sector, focusing on contextual targeting and privacy compliance, and anticipates further growth in Q4.

Kidoz Inc. (TSXV:KIDZ) reported significant growth in Q3 2021, with a 35% increase in monetized impressions, reaching 345 million compared to Q2. Video views rose by 5% to 121 million, while rich media ads surged by 70% to 170 million. The company’s new app promotion campaigns saw a 50% growth in paid installs. Kidoz continues to expand its presence, particularly in the Chinese market with upcoming partnerships and a webinar. The company remains focused on profitability within a $300 billion mobile advertising industry.

Kidoz Inc. has expanded its media offering to target teens (ages 13-19) and parents, alongside its established focus on children under 13. This strategy aims to leverage the growing mobile advertising market, projected to exceed $400 billion by 2026, growing at a rate of 32.5%. Kidoz's extensive reach through its Contextual Ad Network allows brands to engage these family segments effectively. With a significant increase in campaign activity, Kidoz is well-positioned to fill its inventory with high-performing media, enhancing opportunities for brand partners.