Zoomd Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results

About this update from Zoomd Technologies Ltd.

Conference call will be held on March 2 6 , 2025 at 11AM ET 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. Unless otherwise stated herein, all amounts are presented in United States dollars. Key Financial Highlights Management Commentary Ido Almany, CEO of Zoomd Technologies, stated: "2024 was a transformative year, demonstrating the strength of Zoomd's strategic execution. We achieved a 100% year-over-year revenue increase in Q4, contributing to a 70% growth for the full year. Annual Adjusted EBITDA reached US$11.3 million , and we delivered net income of US$8.9 million , marking a notable turnaround from a US$4.7 million loss in 2023. This performance highlights the scalability and resilience of our business model, technology, and approach, validated by seven consecutive quarters of operating income growth. These results reflect the dedication, hard work, and disciplined execution by the entire Zoomd team. We remain committed to sustained profitable growth, prioritizing margin expansion, strong cash generation, and a compelling return on investment to drive continued shareholder value." Amit Bohensky , Chairman of Zoomd Technologies, stated: "Zoomd's performance in 2024 reflects the foundation we've built through focus, discipline, and belief in our strategy. Looking ahead, we remain committed to investing in the vision that drives us - scaling innovation, deepening customer value, and building a business that delivers over the long term." Fourth Quarter 2024 Financial Highlights Fiscal Year  2024 Financial Highlights CONFERENCE CALL Amit Bohensky , Founder and Chairman, will hold a conference call to discuss the quarter's financial results at 11 AM ET on March 26, 2025 . Interested parties can listen via a live webcast from the link available in the Investors section of Zoomd's website at https://zoomd.com/investors/ or via   https://app.webinar.net/w7KopoOpqXE . A replay will be available after the call using the same links. ABOUT ZOOMD: Zoomd (TSXV: ZOMD) (OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019 , provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.  CAUTION REGARDING NON-IFRS FINANCIAL MEASURES This press release refers to "Adjusted EBITDA" which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company's presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company's estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a Company's operating performance. Essentially, it's a way to evaluate a Company's performance without having to factor in financing decisions, accounting decisions or tax environments. Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd's MD&A located on the Company's profile at www.sedarplus.ca which is incorporated by reference into this press release. DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd's future outlook, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the military conflicts), the extent and duration of which are uncertain at this time on Zoomd's business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. FOR FURTHER INFORMATION PLEASE CONTACT: Amit Bohensky Chairman Zoomd [email protected] Investor relations: Lytham Partners, LLC Ben Shamsian New York | Phoenix [email protected] Logo - https://mma.prnewswire.com/media/2645176/Zoomd_Logo.jpg View original content: https://www.prnewswire.com/news-releases/zoomd-technologies-reports-fourth-quarter-and-fiscal-2024-financial-results-302411262.html SOURCE Zoomd Technologies Ltd.

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