Adcore Inc. (T:ADCO)
Business Focus: IT Services & Consulting (NEC)
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 100 King St W Suite 1600 Stn 1st Can Place PO Box 121 Toronto ON M5X 1G5 |
| Tel: | N/A |
| Website: | https://www.adcore.com |
| IR: | See website |
| Key People | ||
| Omri Brill Chairman of the Board, Chief Executive Officer | Yatir Sadot Chief Financial Officer | Roy Nevo Chief Operating Officer, Director |
| Zehavit Dan General Counsel, Company Secretary | Martijn Van den Bemd Chief Partnerships Officer | |
| Business Overview |
| Adcore Inc. is a Canada-based company, which provides various solutions for digital marketing. The Company's subsidiary includes Podium Advertising Technologies Ltd., which is a provider of machine-learning powered advertising technologies used by digital advertisers to enhance and maximize their search engine marketing (SEM). The Company operates through two segments: MarTech and EdTech. MarTech segment is engaged in e-commerce advertising management and automation platform. EdTech segment provides a marketplace for live classes, connecting and enriching humanity through knowledge. The Company offers a range of products and services, such as Effortless Marketing, Semdoc, Feeditor and Views. |
| Financial Overview |
| For the nine months ended 30 September 2022, Adcore Inc revenues decreased 36% to $13.2M. Net loss increased from $865K to $1.9M. Revenues reflect APAC segment decrease of 71% to $3.2M, North America segment decrease of 60% to $2.6M. Higher net loss reflects EdTech segment loss increase of 29% to $440K, AdTech segment income decrease of 18% to $292K. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.01 to -$0.03. |
| Employees: | 55 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $0.53M as of Sep 30, 2022 |
| Annual revenue (TTM): | $28.04M as of Sep 30, 2022 |
| EBITDA (TTM): | $1.31M as of Sep 30, 2022 |
| Net annual income (TTM): | -$1.74M as of Sep 30, 2022 |
| Free cash flow (TTM): | -$7.63M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 60,394,174 as of Mar 10, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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