Canada · Delayed Price · Currency is CAD Adcore Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 10% revenue and 19% gross profit growth, with all regions expanding and North America rebounding 27% year-over-year. Five AI agents launched, AI Studio enhancements drove early revenue, and a 15%-20% SG&A reduction is targeted for Q4.
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Q1 2026 saw 22% revenue growth and strong APAC momentum, but gross margin declined and net loss widened. Major AI product launches (Proposaly, AI Studio) position the company for future growth, with management expecting margin and EBITDA improvement as the year progresses.
Fiscal Year 2025
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Q4 2025 saw 8% revenue growth and strong cash flow, led by APAC's rapid expansion and new AI-driven services. The company is transitioning to an AI-first model, launching new products and partnerships, and expects 2026 to be a breakthrough year.
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Q3 2025 featured strong EMEA and APAC growth, offset by North American softness, with adjusted EBITDA up 56% year-to-date and operational expenses down. Management remains optimistic for Q4 and expects Proposaly to drive recurring revenue in 2026.
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Adcore presented its AI-driven marketing technology, highlighting strong growth in app adoption, improved margins, and a robust cash position. The unified Marketing Cloud platform and focus on R&D position it to capitalize on industry growth and help SMBs and agencies manage digital complexity.
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Q2 2025 saw improved gross profit, margins, and positive adjusted EBITDA, with APAC revenue up 35% year-over-year. AI-driven innovation and cost efficiencies are driving growth, while management remains optimistic for a strong H2 and continued momentum.
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Q1 2025 delivered stable revenue and gross profit, with strong cash flow and APAC growth driven by Media Blast. Management remains confident in achieving ambitious 2025 targets, despite regional declines, and highlights ongoing SaaS and AI innovation.
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Achieved record Q4 with 24% revenue growth and 42% margins, driven by proprietary AI-powered marketing apps and global expansion. Media Blast and Proposaly apps are fueling growth, with a 2025 revenue target of CAD 40 million and a strong cash position supporting further development.
Fiscal Year 2024
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Q4 2024 saw record revenue and gross profit, with strong growth in APAC and improved cash flow. Management targets 25% revenue growth and deeper AI integration in 2025, while maintaining a focus on profitability and operational efficiency.
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Gross profit and margin improved significantly in Q3 2024, driven by strong North America and APAC growth, while EMEA lagged due to geopolitical factors. New technology initiatives and apps are expected to fuel future expansion.
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Q2 2024 saw stable revenue and improved gross margin, with strong North America and APAC growth offset by EMEA weakness. MediaBlast app achieved CAD 1M ARR, and cost-saving plans are underway to boost efficiency. Share buybacks and a debt-free position support future growth.