Welcome to our dedicated page for Kidoz news (Ticker: KDOZF), a resource for investors and traders seeking the latest updates and insights on Kidoz stock.
Kidoz Inc. (KDOZF) is a global AdTech software company whose news flow centers on its privacy-first mobile advertising platform, financial performance, and capital markets activity. As the developer of the Kidoz Safe Ad Network and the Prado over-13 division, the company regularly issues updates on technology enhancements, audience reach, and how it serves children, teens, families, and general mobile gaming audiences.
On this page, readers can follow Kidoz Inc. news related to quarterly and half-year financial results, including unaudited condensed interim statements and management commentary on revenue trends, Adjusted EBITDA, and investment in technology, sales, and marketing. The company frequently discusses record revenue periods, changes in operating expenses, and its use of non-GAAP measures in conjunction with GAAP reporting.
News items also highlight product and platform developments, such as the launch of the Prado SDK for mobile app monetization and the introduction of the Kite IQ AI engine for contextual targeting. These announcements describe how Kidoz aims to support privacy-first advertising, comply with COPPA and GDPR-K, and enable brands to reach mobile gamers and app users without relying on personal data tracking.
Investors can also find corporate and capital markets updates, including Kidoz’s commencement of trading on the OTCQB Venture Market under the symbol KDOZF, engagement of a market maker to support liquidity, and participation in investor conferences. Governance and shareholder matters, such as notices and results of annual general meetings, equity incentive plan approvals, and stock option grants, are also covered in the company’s releases.
By reviewing the KDOZF news feed, users gain insight into how Kidoz manages growth in the AdTech sector, expands its technology stack, and communicates with regulators, shareholders, and brand partners. This page can be used as a central reference for historical and ongoing developments affecting Kidoz Inc. and its stock.
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Kidoz Inc. (TSXV:KIDZ) has reported strong financial results for Q4 2022, with revenue reaching $15,054,490 and free cash flow of $433,745. The company's working capital stood at $4,110,785, with no exposure to Silicon Valley Bank. Despite a challenging advertising market, Kidoz continues to grow, particularly outside North America. Management remains optimistic about fiscal 2023, expecting results to surpass 2022 levels. The company plans to release audited financial statements by mid-April 2023. Kidoz emphasizes its focus on innovative advertising technology and global sales growth.
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.