Welcome to our dedicated page for Zedcor news (Ticker: ZDCAF), a resource for investors and traders seeking the latest updates and insights on Zedcor stock.
Zedcor Inc. (ZDCAF) delivers innovative mobile surveillance solutions through its proprietary MobileyeZTM security towers, serving commercial clients across North America. This news hub provides investors and security industry professionals with essential updates on corporate developments, financial performance, and operational milestones.
Access timely announcements including quarterly earnings reports, new product deployments, strategic partnerships, and leadership updates. Our curated collection ensures you stay informed about Zedcor's expansion in key markets and technological advancements in live monitoring solutions.
Key focus areas include manufacturing capacity improvements, geographic expansion patterns, and innovations in integrated security systems. Bookmark this page for reliable updates on Zedcor's progress in addressing modern physical security challenges through its hub-and-spoke operational model.
Zedcor Inc. (ZDCAF) reported strong Q4 2024 financial results with record quarterly revenue of $10.3 million, up 78% year-over-year, and record Adjusted EBITDA of $4.0 million, increasing 185% year-over-year. The company achieved a 39% EBITDA margin despite U.S. scaling costs.
Key operational highlights include:
- Deployed 186 MobileyeZ security towers in Q4 2024 and 512 throughout 2024
- Fleet utilization exceeded 90% for the quarter
- U.S. revenue surpassed 20% of total Q4 2024 revenue
- Total fleet reached 1,337 MobileyeZ security towers
- Annual revenue reached $33.0 million with $12.0 million in Adjusted EBITDA
The company secured new financing including a $15.0 million equity financing and $30.0 million debt facility in December 2024. Manufacturing operations in Houston, Texas provide insulation from tariffs with camera costs locked in for 2025.
Zedcor Inc. (TSXV: ZDC) has reached a manufacturing milestone of 25 towers per week, with plans to increase to 30 towers weekly in Q2 2025. The company targets manufacturing 1,200-1,400 towers in 2025, primarily for U.S. market deployment.
The company's fleet now exceeds 1,500 towers, with approximately 500 in the U.S. Texas operations have grown to 400 towers in 12 months, while Denver approaches 100 units. Expansion plans include Phoenix, Atlanta, Las Vegas, and California by Q3 2025.
A new monitoring center in Houston is scheduled to open in Q2 2025 to service the U.S. market. The company reports minimal impact from tariffs, with 2025 fleet expansion cameras pre-ordered in 2024 and 35% of steel components procured before tariff implementation. Raw steel components represent less than 10% of total MobileyeZ™ Security Tower capital costs, with no exposure to Chinese components.
Zedcor (TSXV: ZDC) reported significant operational growth in Q4 2024, with its MobileyeZ tower fleet reaching 1,333 units, marking a record quarterly expansion of 182 units. The company achieved 62% year-over-year fleet growth, with over 80% of new units allocated to U.S. operations.
The company expanded its presence in multiple U.S. markets, including Atlanta, Houston, Dallas, San Antonio, Austin, Denver, and Phoenix, maintaining 97% utilization in the U.S. and over 90% in Canada. Manufacturing capabilities improved to over 15 units per week in Q4, with capacity to produce 100 towers monthly in Q1 2025.
Zedcor plans to add 1,200 new units by the end of 2025, supported by expanded manufacturing operations in Houston and a new 24/7 Live, Verified Monitoring center opening in first half 2025.
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