Business
Zoomd Technologies Raises 2021 Revenue Guidance - Expects 2021 Revenue To Increase By At Least 80% YOY (Up From 30% - 40% In Prior Guidance)
Zoomd Technologies Raises 2021 Revenue Guidance - Expects 2021 Revenue To Increase By At ...
About this update from Zoomd Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Zoomd Technologies Raises 2021 Revenue Guidance - Expects 2021 Revenue To Increase By At Least 80% YOY (Up From 30% - 40% In Prior Guidance)\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 VANCOUVER, BC\n \n ,\n \n Oct. 26, 2021\n \n /CNW/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) (\n \n https://www.zoomd.com\n \n ) and its wholly-owned subsidiary Zoomd Ltd. (collectively, \"Zoomd\" or the \"Company\"), the marketing tech (MarTech) user-acquisition and engagement platform, provided an update to its full year 2021 revenue guidance. The Company now expects 2021 revenue to increase more than 80% compared to 2020. The new guidance is an increase from the prior guidance issued by the Company that revenue will increase between 30% to 40% year-over-year.\n \n \n \n \n \n \n \n \n \n \"We are excited to be raising our revenue growth expectations for 2021 as we see continued strong demand for our user-acquisition activities from both new and existing clients so far this year,\" said\n \n Ofer Eitan\n \n , Zoomd's CEO, adding \"driven by our innovative technology, and the results that clients attain because of it, we are seeing increasing allocation of advertising budgets to our platform and services. Further, our growth initiatives to expand into new geographies, such as\n \n Latin America\n \n and\n \n Asia\n \n ; new industry categories - including fintech, gaming and on demand services. Given our increased visibility, we are comfortable in raising our 2021 revenue growth guidance and look forward to the continued adoption our innovative platform going forward.\"\n \n \n Details regarding our guidance:\n \n \n ●  Growth from new customers, acquired primarily during the second 2\n \n nd\n \n half of 2020 through to the beginning of the year 2021, which are increasing their marketing budgets as they become more familiar with the platform, the services, and the results. The growth of these customers have been above our expectations.\n \n \n ●  Growing with existing customers. Zoom...