Zoomd Technologies Reports First Quarter 2026 Financial Results

About this update from Zoomd Technologies Ltd.

Conference call will be held on May 28, 2026 at 9 a.m. ET TORONTO, May 28, 2026 /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 month period ended March 31, 2026. 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-relations/ and on SEDAR+ under the Company's profile. Unless otherwise stated herein, all amounts are presented in United States Dollars. Key Highlights Management Commentary Ido Almany, Chief Executive Officer of Zoomd Technologies, stated: "This quarter reflects an ongoing transition period for the Company, during which we maintained positive cash flow from operations and ended the quarter with $22.5 million in cash, reflecting the financial discipline and operational flexibility we continue to maintain across the business. As stated in our previous reports, we are managing reduced activity from two major customers following changes to their operating models. While visibility with one customer remains limited, we have recently begun to see an increase in activity levels with the second customer. During the quarter, we implemented decisive cost optimization measures, including workforce reduction initiatives and additional expense efficiencies, designed to better align our cost structure with current activity levels, while preserving our focus on growth initiatives, business development, and technology capabilities. At the same time, our diversification strategy continues to deliver measurable results. Customers onboarded during 2025 contributed approximately 30% of revenues during the quarter, while customer concentration continued to decline. The cash position we built in 2025 is a strategic asset, giving us the flexibility to pursue both continued organic growth and selective inorganic opportunities that align with our long-term direction." Amit Bohensky, Chairman of Zoomd Technologies, added: "Zoomd's strong financial position continues to provide the Company with substantial flexibility as we navigate the current tr...

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