Kidoz Inc. Achieves Record Financial Performance in 2024

The latest announcement is out from Kidoz Inc ( (TSE:KIDZ) ).

Kidoz Inc. reported a record adjusted EBITDA of USD $1,134,503 and revenue of USD $14,004,527 for the fiscal year 2024, marking a significant financial turnaround with a net income of $353,140 compared to a net loss in 2023. The company’s strategic investment in privacy-first technology has positioned it as a key player in the child-directed media industry, enhancing its market presence and profitability as demand for compliant mobile solutions grows.

Spark’s Take on TSE:KIDZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:KIDZ is a Neutral.

Kidoz Inc’s overall stock score is driven by significant financial challenges, including declining revenues and liquidity issues. While technical analysis shows positive momentum, the company’s valuation remains unattractive due to unprofitability. Improving financial performance is crucial for future growth.

To see Spark’s full report on TSE:KIDZ stock, click here.

More about Kidoz Inc

Kidoz Inc. is a mobile AdTech developer known for its Kidoz Contextual Ad Network, Kidoz Publisher SDK, and Kidoz COPPA Shield. The company focuses on providing privacy-first technology solutions for safe media delivery to children, partnering with leading family brands to ensure compliance with digital safety standards.

YTD Price Performance: 30.0%

Average Trading Volume: 17,420

Technical Sentiment Signal: Buy

Current Market Cap: C$28.89M

For an in-depth examination of KIDZ stock, go to TipRanks’ Stock Analysis page.