Zoomd Technologies Achieves Strong Q3 Growth

Zoomd Technologies (TSE:ZOMD) has released an update.

Zoomd Technologies has reported a remarkable 135% increase in quarterly revenue to $16.7 million for Q3 2024, marking its sixth consecutive profitable quarter. The company’s strong performance, driven by unique opportunities like the EURO football campaign and effective cost management, resulted in a net income of $3.2 million. Zoomd’s focus on profitability and operational efficiency has led to a significant rise in adjusted EBITDA, which surged over 500% year-over-year to $3.9 million.

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