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Zoomd Technologies Ltd - ZMDTF STOCK NEWS

Welcome to our dedicated news page for Zoomd Technologies (Ticker: ZMDTF), a resource for investors and traders seeking the latest updates and insights on Zoomd Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zoomd Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zoomd Technologies's position in the market.

Rhea-AI Summary
Zoomd Technologies reported a 39% decline in revenues for FY2023, reaching $32.1M, due to lower revenues from the cryptocurrency sector and discontinuation of unprofitable activities. Despite this, gross margins increased by 6% during the same period. The Company achieved positive operating income in Q4.23 for the first time in the last 5 quarters and ended the year with a cash balance of $2.6M. Management undertook strategic actions to address market challenges, leading to a transition from cash-burning to cash-generating operations in the second half of 2023.
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Zoomd Technologies (TSXV: ZOMD) (OTC: ZMDTF) will release its financial results for the fourth quarter and full year on April 24, 2024. A conference call is scheduled for 11 a.m. ET on the same day to discuss the results and provide a corporate update. Interested parties can access the call via Internet webcast.
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Zoomd Technologies Ltd

Nasdaq:ZMDTF

ZMDTF Rankings

ZMDTF Stock Data

5.03M
71.59M
22.95%
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