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Zoomd Technologies Ltd. (TSE:ZOMD)
:ZOMD
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 21, 2020
|% Change Since: 33.87%
|Next Earnings Date:May 28, 2020
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive performance for Zoomd in Q3 '24, highlighted by significant revenue growth, improved profitability, and strategic refocusing efforts. While some operations were discontinued, the company's successful cost management and expansion into high-growth sectors and regions indicate a positive outlook.Company Guidance
During Zoomd's Q3 2024 earnings call, Amit Bohensky outlined several key metrics and strategic actions that have driven the company's robust financial performance. Despite a challenging economic environment, Zoomd achieved a 135% increase in revenues from Q3 2023 to Q3 2024, with a sequential quarterly growth of 20% from Q2 2024 to Q3 2024. Operating expenses were managed efficiently, remaining at 20% of revenue, marking a consistent decline over the past seven quarters. The company reported a transition from an operating loss to an operating profit, with Q3 2024 seeing a $1 million increase to a total operating profit of $3.2 million. Adjusted EBITDA surged from $0.6 million in Q3 2023 to $9 million in Q3 2024. Additionally, Zoomd maintained a positive cash flow from operating activities, generating $2.7 million in Q3 2024. The strategic refocusing on core user acquisition activities and diversification of the customer base across sectors and regions has been pivotal in achieving these results, setting a solid foundation for future growth.Significant Revenue Growth
Revenues increased by 135% in Q3 '24 compared to Q3 '23, with a 20% increase from Q2 '24 to Q3 '24, reaching $16.7 million.
Operational Profit and Cash Flow
The company achieved an operating profit of $3.2 million in Q3 '24, marking the sixth consecutive quarter of net profit growth. Cash generated from operating activities increased by $2.5 million compared to Q3 '23.
Adjusted EBITDA Performance
Adjusted EBITDA grew from $0.6 million in Q3 '23 to $9 million in Q3 '24, resulting in a total of over $8 million for the first nine months of 2024.
Strategic Refocusing and Cost Management
The company successfully refocused on core user acquisition activities and maintained operating expenses as a percentage of revenue at 20%, reflecting a consistent decrease over the past seven quarters.
Customer and Geographic Expansion
Growth in sectors like e-commerce, iGaming, and fintech, with notable geographic expansion in North America, Europe, and APAC regions.
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TSE:ZOMD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ZOMD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 29, 2024 | C$0.62 | C$0.80 | +29.03% |
| Aug 28, 2024 | C$0.16 | C$0.38 | +137.50% |
| May 30, 2024 | C$0.06 | C$0.10 | +72.73% |
| Apr 24, 2024 | C$0.07 | C$0.07 | -7.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zoomd Technologies Ltd. (TSE:ZOMD) report earnings?
Zoomd Technologies Ltd. (TSE:ZOMD) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Zoomd Technologies Ltd. (TSE:ZOMD) earnings time?
Zoomd Technologies Ltd. (TSE:ZOMD) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ZOMD EPS forecast?
Currently, no data Available
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