Business
Zoomd Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the three months and full year periods ended December 31, 2024. The Company's financial statements and management discussion and analysis ("MD&A") are available in the Investors section of Zoomd's website at https://zoomd.com/investors/ and on SED
About this update from Zoomd Technologies Ltd.
[{"type":"text","content":"Conference call will be held on March 26, 2025 at 11AM ET","length":57,"tagName":"p"},{"type":"text","content":"TORONTO, March 25, 2025 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the three months and full year periods ended December 31, 2024. The Company's financial statements and management discussion and analysis ("MD&A") are available in the Investors section of Zoomd's website at https://zoomd.com/investors/ and on SEDAR+ under the Company's profile.","length":628,"tagName":"p"},{"type":"image","alt":"Zoomd Logo","displaySize":"","headline":null,"caption":"Zoomd Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/60f9ced56534954d63418ae960f06272"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NCyFnDXTbczhjbGdWf5IeQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/60f9ced56534954d63418ae960f06272","width":400,"height":400}}},{"type":"text","content":"Unless otherwise stated herein, all amounts are presented in United States dollars.","length":83,"tagName":"p"},{"type":"text","content":"Key Financial Highlights","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues in FY2024 were US$54.5M, reflecting 70% growth compared to FY2023.","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"FY2024 Gross Margin of 39%, representing a 2% YoY increase.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of US$11.3M in FY2024 vs. US$1.7M in FY2023.","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of US$8.9M in FY2024, an increase of US$13.6M compared to FY2023.","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Generated operating cash flow of US$7.7M resulting in an EoY cash balance of US$9.2M.","length":90,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":365,"olType":false},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":"Ido Alman...