PopReach Corporation (V:INIK)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 1 University Avenue, 3rd Floor TORONTO ON M5J 2P1 |
| Tel: | N/A |
| Website: | https://www.popreach.com |
| IR: | See website |
| Key People | ||
| Ted Hastings Executive Chairman of the Board | Jon Walsh Chief Executive Officer, Director | Greg Donaldson Chief Financial Officer |
| Business Overview |
| PopReach Corporation, doing business as Ionik, is a Canada-based data driven marketing technology company focused on assembling a complete suite of advertising, marketing and monetization solutions for brands, advertisers and publishers while building a proprietary data repository. It acquires, optimizes, and scales digital technology businesses providing cross-platform, performance-driven advertising, and data solutions to attract, engage and monetize consumers. Its portfolio includes NotifyAI, a push notification subscription and monetization platform; Q1Media, a digital media advertising services provider, and Contobox, a personalization, eCommerce, and creative advertising technology platform. Its portfolio also includes Ubiquity, an omnichannel marketing network and technology platform; SCS, a brand transformation service provider, and OpenMoves, a business-to-business (B2B) and business to consumer (B2C) performance and growth marketing platform. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, PopReach Corp revenues increased 23% to $140.6M. Net loss before extraordinary items increased from $19.3M to $56.2M. Revenues reflect Other segment increase of 61% to $29.7M, United States segment increase of 4% to $110.9M. Higher net loss reflects Impairment loss on intangibles and goodw increase from $14.3M to $41.3M (expense), Finance costs increase from $4.1M to $8.9M (expense). |
| Employees: | 148 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $162.29M as of Dec 31, 2023 |
| Annual revenue (TTM): | $192.95M as of Dec 31, 2023 |
| EBITDA (TTM): | $17.72M as of Dec 31, 2023 |
| Net annual income (TTM): | -$77.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | $9.98M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $119.33M as of Dec 31, 2023 |
| Shares outstanding: | 286,364,075 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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