Zoomd Technologies Ltd. ( (ZMDTF) ) has released its Q4 earnings. Here is a breakdown of the information Zoomd Technologies Ltd. presented to its investors.
Zoomd Technologies Ltd., a marketing technology firm, offers a user-acquisition and engagement platform that integrates with global digital media outlets, simplifying campaign management for advertisers.
Zoomd Technologies reported a robust financial performance for the fourth quarter and fiscal year 2024, showcasing significant growth and strategic execution. The company achieved a 70% increase in annual revenues, reaching $54.5 million, and a notable turnaround with a net income of $8.9 million compared to a loss in the previous year.
Key financial highlights include a 100% increase in Q4 revenues to $15 million and an improved gross margin due to efficient cost management. The company also reported an adjusted EBITDA of $11.3 million for the year, driven by revenue growth and reduced operating expenses. The fiscal year saw a decrease in research and development expenses and a focus on operational restructuring.
Looking forward, Zoomd Technologies remains committed to sustaining profitable growth by prioritizing margin expansion and strong cash generation. The company aims to continue scaling innovation and enhancing customer value, aligning with its long-term strategic vision.