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Adcore Inc (TSE:ADCO)
TSX:ADCO
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
<C$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -2.70%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive quarter for Adcore with significant improvements in gross profit, margins, and strategic market growth in North America and APAC. However, challenges remain with an overall revenue decline, particularly in the EMEA region, and increased operating expenses. Despite these challenges, the company's focus on technology and client diversification shows promise for future growth.Company Guidance
During Adcore's Q3 2024 earnings call, the company provided detailed financial guidance, highlighting key metrics and strategic directions. The revenue for Q3 2024 amounted to $7.8 million, a 5% decrease from the previous year, while gross profit increased by 12% to $3.7 million, driven by improved gross margins rising from 40% to 47%. Notably, North America and APAC regions demonstrated strong revenue growth of 30% and 26% year-over-year, respectively. The company also focused on enhancing client diversification, reducing reliance on major clients from 54% to 49%. Despite a temporary setback in the EMEA region, leading to a 39% decline in revenue, Adcore expressed optimism for recovery in 2025. The guidance emphasized strategic investments in technology and AI, with plans to introduce new applications, underscoring the focus on profitability and efficiency. Additionally, Adcore remains debt-free with $6.7 million in cash and cash equivalents. Adjusted EBITDA for the quarter rose by 18% to $282,000, reflecting improved operational performance. The company sees substantial potential for stock price appreciation, citing a significant gap between current trading multiples and industry benchmarks.Gross Profit and Margin Growth
Gross profit increased by 12% from $3.3 million in Q3 2023 to $3.7 million in Q3 2024. Gross margin improved significantly from 40% in 2023 Q3 to 47% in Q3 2024, marking a 7% increase.
Strong Growth in North America and APAC
North America revenue grew by 30% year-on-year to $2 million in Q3 2024. APAC region also saw a 26% year-on-year growth, indicating strong performance in these strategic markets.
Client Diversification Improvement
Client diversification improved from 54% to 49%, reducing risk and increasing client base stability.
Positive Trend in Media Blast
Media Blast app continues to show positive growth, with October 2024 being the strongest month in terms of MRR and overall revenue processed.
Adjusted EBITDA Increase
Adjusted EBITDA grew by 18% from $240,000 in Q3 2023 to $282,000 in Q3 2024, indicating improved operational performance.
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TSE:ADCO 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:ADCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$0.18 | C$0.17 | -5.41% |
| Aug 14, 2024 | C$0.21 | C$0.20 | -6.10% |
| May 15, 2024 | C$0.24 | C$0.23 | -1.26% |
| Mar 20, 2024 | C$0.26 | C$0.24 | -5.88% |
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 Adcore Inc (TSE:ADCO) report earnings?
Adcore Inc (TSE:ADCO) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Adcore Inc (TSE:ADCO) earnings time?
Adcore Inc (TSE:ADCO) earnings time is at Mar 26, 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:ADCO EPS forecast?
Currently, no data Available
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