Business
Kidoz Inc. Revenue Growth and Profit Increase Continues in Q1 2025 with Revenue of USD $2,738,303 (CAD $3,931,327)
VANCOUVER, BC / ACCESS Newswire / May 28, 2025 / Kidoz Inc. (TSXV:KDOZ) (the "Company"), mobil...
About this update from Kidoz Inc
[{"type":"text","content":"Kidoz Inc. Revenue Growth and Profit Increase Continues in Q1 2025 with Revenue of USD $2,738,303 (CAD $3,931,327)VANCOUVER, BC / ACCESS Newswire / May 28, 2025 / Kidoz Inc. (TSXV:KDOZ) (the \"Company\"), mobile AdTech developer and owner of the market-leading Kidoz Contextual Ad Network (www.kidoz.net), the Kidoz Publisher SDK and the Kidoz Privacy Shield, announced today its unaudited condensed interim financial results for the quarter ended March 31, 2025. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.Financial highlights Q1 2025 include:Total Revenue of $2,738,303 an increase of 54% compared to Q1 2024 Total Revenue of $1,793,071.Operating expenses of $1,541,689, a decrease of 7% from $1,651,881 in Q1 2024.Net income after tax of $60,142, an improvement compared to a net loss after tax ($719,583), in Q1 2024.Positive Adjusted EBITDA of $78,437 compared to negative Adjusted EBITDA of ($543,289) in Q1 2024.Cash of $3,266,294 and working capital of $4,363,231 as at March 31, 2024, compared to cash of $2,780,517 and working capital of $4,219,588 as at December 31, 2024.Positive Free Cash Flow in Q1 2024 of $491,495 compared to negative Free Cash Flow of ($599,096) in the prior year.For full details of the Company's operations and financial results, please refer to the Securities and Exchange Commission website at www.sec.gov or the Kidoz Inc. corporate website at https://investor.kidoz.net or the www.sedarplus.com website.\"The Kidoz privacy-first digital advertising platform experienced unprecedented demand from our brand partners in the first quarter of 2025, sending revenue to record first quarter highs. This incredible performance enabled our second consecutive quarterly profit and positions the Company perfectly to secure a record full year of operations,\" said Jason Williams, Kidoz CEO. \"Kidoz is stronger than ever and we are thrilled with our results as we continue to deliver on our mission of safe digital advertising at scale across the globe.\"\"Digital advertising is undergoing a seismic shift as AI transforms the way that users navigate and engage with digital content. User consent to data tracking and profiling is at an all-time low which strengthens the Kidoz position as a fully private and contextual means to reaching target cu...