Adcore (TSE:ADCO) has released an update.
Adcore Inc., a leader in e-commerce advertising management, has reported a substantial revenue increase for 2023, with a 17% rise from the previous year, reaching CAD$31.2 million. The company achieved profitability in Q4, with a net income of CAD$74K, and is poised for continued growth in 2024, buoyed by a strong cash position exceeding CAD$8 million. Despite a slight decline in gross margin, Adcore’s strategic initiatives and market expansions signal a promising outlook for shareholder value.
For further insights into TSE:ADCO stock, check out TipRanks’ Stock Analysis page.
