Zoomd Technologi Stock Price, News & Analysis

Zoomd Technologies reported preliminary results for 2Q21, projecting revenues of $11.1M, a remarkable 96% year-over-year increase. This marks the highest quarterly revenue in the company's history, driven by new client acquisitions and increased business from existing customers. Adjusted EBITDA stands at $1.3M, reversing a loss of $(0.76M) from 2Q20. Operating profit is projected at $0.6M, compared to a $(1.44M) loss last year. The company maintains a revenue growth guidance of 30% to 40% for 2021.

Zoomd Technologies Ltd. (OTC: ZMDTF) reported Q1 2021 revenues of $6,776, up 4% year-over-year. Gross profit margin improved to 35%, an increase from 30% in Q1 2020. Zoomd is maintaining its 2021 revenue guidance of $25 million to $36 million, reflecting a 30% to 40% expected growth. The company successfully onboarded new customers in growing sectors like fintech and ecommerce, while expenses remained stable. Zoomd also highlights the acquisition of Performance Revenues, aimed at leveraging synergies for future growth.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) announced that it will report its first quarter 2021 financial results on May 31, 2021. A conference call is scheduled for June 2, 2021, at 11:00 a.m. ET to discuss these results. Zoomd, a marketing tech platform for user acquisition and engagement, integrates over 600 media sources into a unified dashboard, enabling advertisers to manage their campaigns efficiently. The Company emphasizes its focus on performance-based advertising aimed at achieving client goals.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) has signed an extension agreement with Fugo Games, a global leader in mobile casual gaming. This collaboration focuses on user acquisition campaign management to enhance Fugo's global online business. CEO Ofer Eitan highlights that Zoomd aims to improve conversion rates and user acquisition, potentially boosting Fugo’s monetization. Founded in 2012, Zoomd offers a unified platform for advertisers, optimizing their user acquisition strategies across over 600 media sources.

Zoomd Technologies Ltd. (OTC: ZMDTF) reported Q4 2020 revenues of $6.6 million, a 12% decrease YOY, but expects 30% to 40% revenue growth for 2021 due to strong market recovery and new client acquisitions. Minimal COVID-19 impacts resulted in a 6% decrease in annual revenues. Gross profit margins improved to 33% from 29% in 2019, thanks to a focus on profitable customers. The acquisition of Performance Revenues is expected to enhance revenue growth in 2021, with ongoing M&A discussions.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) announced it will report its fourth quarter and full year 2020 financial results on April 20, 2021, before the TSX-V trading opens. A conference call is scheduled the same day at 11:00 a.m. ET for discussing these results. Zoomd operates a marketing tech platform, integrating over 600 media sources for user acquisition and engagement. The platform aims to maximize efficiency for advertisers by consolidating data sources and enhancing data insights. Interested parties can access the call via the company’s website.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) has officially launched operations in India to enhance its online advertising and user acquisition services. The company appointed Parthiban Vairamudi, an executive with over 18 years of experience, to spearhead their initiatives in the region. With India's ad spending projected to increase by 23% in 2021 following a prior decline, Zoomd aims to capitalize on this recovery. CEO Ofer Eiten emphasized the importance of collaborating with local publishers and advertisers as Zoomd seeks to establish a significant presence in India's advertising market.

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) will present at the Lytham Partners Spring 2021 Investor Conference on April 1, 2021, at 11:45 a.m. ET. The presentation will be accessible via webcast on the company's investor relations page. Attendees can also arrange virtual one-on-one meetings with management during the event, which runs from March 30 to April 1, 2021. Established in 2012, Zoomd provides a marketing tech platform that integrates over 600 media sources, enabling advertisers to manage user acquisition campaigns efficiently.