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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
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