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Zoomd Reports Record Fourth Quarter and Fiscal 2021 Financial Results, with a record of $53M revenues. Expects Fiscal 2022 Revenues of $74M to $80M
Zoomd Reports Record Fourth Quarter and Fiscal 2021 Financial Results, with a record of $...
About this update from Zoomd Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Zoomd Reports Record Fourth Quarter and Fiscal 2021 Financial Results, with a record of $53M revenues. Expects Fiscal 2022 Revenues of $74M to $80M\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Conference call will be held on\n \n Monday May 2\n \n \n nd\n \n at\n \n 11:00AM ET\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 2, 2022\n \n /CNW/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, \"\n \n Zoomd\n \n \" or the \"\n \n Company\n \n \"), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the fourth quarter and fiscal year ended\n \n December 2021\n \n . The Company's audited financial statements and management discussion and analysis (\"\n \n MD&A\n \n \") for the year ended\n \n December 31, 2021\n \n , are available on SEDAR under the Company's profile.\n \n \n \n \n \n \n Fiscal 2022 Outlook\n \n \n \n Zoomd expects revenues growth in fiscal 2022 to be in a range of\n \n $74M\n \n to\n \n $80M\n \n , representing a year-over-year growth of up to approximately 50%. The outlook is based on certain assumptions, each of which management considers to be reasonable which are set out in the MD&A.\n \n \n \n Key Highlights\n \n \n \n \n 4Q21 revenues increased 183% YOY, to a quarterly record of\n \n $18.7M\n \n , being the fifth consecutive quarter of growth\n \n \n FY2021 revenues increased 107% YOY, to a record of\n \n $52.6M\n \n \n \n Strong revenue results were driven primarily by the onboarding of new clients in recent months, growth in spending of legacy clients and expansion into growth geographies such as\n \n Latin America\n \n and\n \n Asia\n \n \n \n Clients are continuing to increase their budgets with Zoomd\n \n \n Achieved record positive Adjusted EBITDA of\n \n $5.8M\n \n during FY2021, the highest level as a public company[1], which leads to $8.4M adjusted EBITDA increase YOY\n \n \n Operating profit was\n \n $3M\n \n for FY2021 compared to an o...