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Zoomd Technologies Ltd. reports financial results and corporate updates for its marketing technology business, which operates through wholly owned subsidiary Zoomd Ltd. The company provides a mobile app user-acquisition and engagement platform that integrates multiple global digital media outlets into a unified campaign-management environment for advertisers.
Recurring company developments include quarterly and annual results, management discussion and analysis disclosures, conference-call updates, platform positioning for app marketers, participation in mobile advertising industry events, and strategic partnerships that extend Zoomd's user-acquisition technologies into verticals such as sports and betting. The company is listed on the TSX Venture Exchange under ZOMD and trades over the counter as ZMDTF.
Zoomd Technologies (TSXV: ZOMD, OTC: ZMDTF) reported its Q1 2024 financial results. Revenue increased by 1% YoY and 16% QoQ, driven by strategic refocusing. Adjusted EBITDA rose to $1.2M from $0.2M in Q1 2023. The company reported a net income of $0.5M after six consecutive quarters of losses, ending the quarter with $2.3M in cash and no long-term debt. Operating income improved to $0.6M from an operating loss of $3.5M in Q1 2023. Expenses were reduced significantly: R&D by 26% QoQ and SG&A by 33% QoQ. Gross profit margin was 39%. The company held a conference call on May 30, 2024, to discuss these results.
Zoomd Technologies (TSXV: ZOMD; OTC: ZMDTF) will release its Q1 2024 financial results on May 30, 2024. The company, a MarTech user-acquisition and engagement platform, has scheduled a conference call for the same day at 11 a.m. ET to discuss the results and provide a corporate update. The conference call will be accessible via Internet webcast in the Investors section of the company’s website. Questions for the call can be sent to ZOMD@lythampartners.com, and a webcast replay will be available on the website.
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Zoomd's Albert AI technology is revolutionizing ad creative optimization, leveraging AI to enhance creative performance across various platforms and campaigns. As marketers face challenges in objectively optimizing ads, Albert AI addresses this by systematically testing parameters to exceed client KPIs. Notably, an e-commerce client aiming for a 500% Return On Ad Spend (ROAS) achieved an 800% improvement after working with Albert. With continuous successful optimizations leading to 10-20% yearly improvements, Albert serves as an autonomous marketing ally, effectively managing campaigns 24/7.
Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) will participate in the 9th Annual AlphaNorth Capital Conference from January 20 to 22, 2023. Amit Bohensky, Co-Founder and Chairman, will represent the company, which specializes in marketing technology for user acquisition and engagement. The conference aims to connect growth-stage companies with top-level finance professionals through one-on-one meetings. Zoomd's platform integrates over 600 media sources, maximizing data insights for advertisers. For inquiries, contact Lytham Partners or visit zoomd.com.
Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) held its annual and special meeting on December 7, 2022, where shareholders re-elected all board members: Amit Bohensky, Amnon Argaman, Darryl Cardey, Ofer Eitan, and Avigur Zmora, with approval percentages exceeding 96%. An ordinary resolution was passed for the re-appointment of Brightman Almagor Zohar & Co as auditors, receiving 98.310% approval. Additionally, a Continuance Resolution was passed with 96.580% support. The company aims to enhance its advertising platform, which integrates over 600 media sources.
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) announces the appointment of Ido Almany as CEO, effective December 8, 2022. Almany succeeds Ofer Eitan, who was CEO since the 2017 merger with Moblin. Almany brings significant experience, including a successful tenure at American Express in Israel, generating US$140M in annual revenue. He aims to leverage his expertise to drive growth and strengthen Zoomd's market position. In connection with his appointment, Almany received 3.16 million stock options with performance and time vesting conditions.