Zoomd Technologies Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
Zoomd Technologies (OTC: ZMDTF, TSXV: ZOMD) reported Q2 2026 revenues of $7.7M and net income of $1.2M, with earnings per share of C$0.02. Revenues declined 61% from $19.6M in Q2 2025, mainly due to previously disclosed operating model changes at two major customers, but increased by over 10% versus Q1 2026. Gross margin remained 43%, and total operating expenses fell 7% to $2.8M, reflecting ongoing efficiency and cost optimization initiatives.
EBITDA was $0.7M in Q2 2026, down from $5.5M a year earlier but improving by about $1M compared with Q1 2026. Zoomd ended June 30, 2026 with $22.6M in cash and no bank debt. During the quarter, the Company repurchased and cancelled 131,000 common shares under its NCIB program and continued investing in business development, customer engagement and AI-driven operational tools. A Q2 2026 results conference call is scheduled for August 31, 2026 at 9:00 a.m. ET.
Positive
- Q2 2026 net income of $1.2M versus prior-year profit
- Revenues up over 10% in Q2 2026 versus Q1 2026
- Gross margin stable at 43% year-over-year in Q2 2026
- Total operating expenses down 7% year-over-year to $2.8M
- EBITDA improved by about $1M versus Q1 2026 to $0.7M
- Cash balance of $22.6M and no bank debt as of June 30, 2026
- Repurchased and cancelled 131,000 shares under NCIB in Q2 2026
Negative
- Q2 2026 revenues down 61% year-over-year to $7.7M
- EBITDA fell to $0.7M from $5.5M in Q2 2025
- Net income declined to $1.2M from $6.1M in Q2 2025
- Revenue pressure from two major customers' operating model changes
AI-generated analysis. How Rhea-AI works. Not financial advice.
Conference call will be held on August 31, 2026 at 9 a.m. ET
Unless otherwise stated herein, all amounts are presented in
Key Highlights
- Q2.26 revenues were $7.7M, with a net income of
$1.2M $22.6M - In Q2.2026, the Company delivered broad-based improvements across its key income statement metrics compared with Q1.2026.
- Earnings per share for Q2.26 was
C .$0.02
Management Commentary
Ido Almany, Chief Executive Officer of Zoomd Technologies, stated:
"This quarter reflects a clear improvement in our operating performance, with revenues increasing by
The improvement reflects both increased activity across the business and the benefits of our ongoing efficiency initiative, in which AI-developed tools and internal capabilities now carry a growing share of our operational workload, giving us a structurally leaner and more scalable cost base.
With over
Amit Bohensky, Chairman of Zoomd Technologies, added:
"Zoomd's strong financial position continues to provide the Company with substantial flexibility. The improved results this quarter demonstrate the strength of our business and our ability to adapt to changing market conditions, while continuing to invest in growth initiatives, strategic partnerships and technology capabilities.
During the quarter, we began executing our NCIB program and have continued to execute share repurchases consistently as part of our disciplined capital allocation strategy. We believe these purchases represent an attractive use of capital at current market levels, reflecting our continued confidence in the long-term value and prospects of the Company.
We remain focused on building on the positive momentum, pursuing both organic and inorganic growth opportunities, and creating long-term value for our shareholders."
Second Quarter 2026 Financial Highlights
- Revenues in Q2.26 were
$7.7M 61% decrease from$19.6M 10% compared with Q1.2026. - Gross margin in Q2.26 remained at
43% , unchanged from Q2.25, remaining within the range historically observed in the Company's business. - Total operating expenses for Q2.26 were
$2.8M 7% decline compared to Q2.25, reflecting the Company's ongoing operational efficiency and cost optimization measures. At the same time, the Company increased its growth-oriented spending, including continued investment in business development and customer engagement. - EBITDA in Q2.26 was
$0.7 million $5.5M $1 million - Net income for Q2.26 was
$1.2M $6.1M - As of June 30, 2026, the Company had a cash balance of
$22.6M - During the quarter, the Company repurchased and cancelled 131,000 common shares under its NCIB program.
- Earnings per share for Q2.26 was
C .$0.02
CONFERENCE CALL
Monday, August 31, 2026, at 9:00 a.m. ET
https://event.choruscall.com/mediaframe/webcast.html?webcastid=GtzcX0Qm
The replay of the conference call will be available on the Company's investor relations website at https://zoomd.com/investors-relations/
ABOUT ZOOMD:
Zoomd (TSXV: ZOMD, OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd
to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING NON-IFRS FINANCIAL MEASURES
This press release refers to "EBITDA" which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company's presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company's estimated results. EBITDA is defined as earnings before interest, tax, depreciation and amortization, and is a measure of a company's operating performance. Essentially, it's a way to evaluate a company's performance without having to factor in financing decisions, accounting decisions or tax environments.
Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results. The Company believes EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of EBITDA and operating profit is available in
Zoomd's MD&A located on the Company's profile at www.sedarplus.ca which is incorporated by reference into this press release.
DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd's future outlook, the success of the NCIB program that was launched, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the military conflicts), the extent and duration of which are uncertain at this time on Zoomd's business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Investor relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/zoomd-technologies-reports-second-quarter-2026-financial-results-302864875.html
SOURCE Zoomd Technologies Ltd.