Adcore (TSE:ADCO) has released an update.
Adcore Inc., an e-commerce advertising management firm, has reported a significant 13% increase in gross profit for Q1 2024, reaching CAD$3.1 million, signaling robust operational efficiency and strategic growth. This financial uptick is supported by a substantial improvement in gross margin from 40% to 45% and a 196% surge in Adjusted EBITDA. The company’s global expansion and internal growth, marked by increased sales staff, are highlighted as key drivers for the positive results.
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