Business
Zedcor Inc. Reports Quarterly Results, Including $13.5 Million in Revenue and $4.9 Million in Adjusted EBITDA for the Second Quarter 2025
Calgary, Alberta--(Newsfile Corp. - August 12, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor...
About this update from Zedcor Inc
[{"type":"text","content":"Zedcor Inc. Reports Quarterly Results, Including $13.5 Million in Revenue and $4.9 Million in Adjusted EBITDA for the Second Quarter 2025Calgary, Alberta--(Newsfile Corp. - August 12, 2025) - Zedcor Inc. (TSXV: ZDC) (\"Zedcor\" or the \"Company\") is pleased to announce its financial and operating results for the three and six months ended June 30, 2025. Highlights include:Record quarterly revenue of $13.5 million, representing an increase of 84% year-over-year and 18% quarter-over-quarterRecord quarterly Adjusted EBITDA of $4.9 million, representing an increase of 83% year-over-year Q2 2025 revenues and Adjusted EBITDA represent the sixth straight quarter of the Company exceeding analyst consensusAdjusted EBITDA margin was 36%, driven by strong contribution margins in Canada, continued US growth and increased operational efficiency from its AI at-the-edge camerasDeployed 316 MobileyeZTM security towers during the three months ended June 30, 2025 and 547 for the six months; these security towers were deployed throughout North America, with a focus on US expansion; Zedcor exited Q2 2025 with a total fleet of 1,882 MobileyeZTM security towersProduct innovation continued as deployments of the wall-mounted ZBox units eclipsed 115 in CanadaRealized total fleet utilization rates above 90% for the quarter U.S. revenue was 32% of total revenue for Q2 2025 and 31% of total revenue for the six months ended June 30, 2025Zedcor generated revenue of $13.5 million for the three months ended June 30, 2025, and Adjusted EBITDA of $4.9 million. Revenue and Adjusted EBITDA generated in the quarter were both record highs for the Company. Furthermore, the Company successfully continued its revenue growth initiatives during the quarter, which was reflected in the revenue and Adjusted EBITDA results. Zedcor generated record daily revenue from its fleet of MobileyeZTM security towers while successfully deploying 316 new MobileyeZTM towers throughout North America, with growth focused in the U.S., but balanced between Canada and the U.S. Notably, fleet-wide MobileyeZTM utilization rate exceeded 90% for the quarter. The Company has onboarded a number of new customers in all verticals and continues to see growing demand in its residential home construction services.The U.S. accounted for 32% of the Company's second quarter revenue. The utilizat...