on Adcore Inc. (isin : CA00654B1040)
Adcore Announces Q3 2024 Financial Results
Adcore Inc. has released its financial results for Q3 2024, highlighting key growth metrics. Revenue from North America rose by 27%, reaching CAD$2.1 million, and APAC experienced a 26% increase with CAD$3.35 million. However, overall revenue saw a 5% decline compared to Q3 2023, totaling CAD$7.8 million.
The company's gross profit improved by 12%, resulting in CAD$3.7 million, while gross margins increased to 47%. Adjusted EBITDA grew to CAD$282,000, reflecting a commitment to financial stability. Despite these gains, certain areas showed challenges, with EMEA revenue decreasing by 39% and operating cash flow turning negative.
Adcore continues to focus on expanding its presence through technology and AI, aiming to enhance long-term value for stakeholders.
R. P.
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