on Adcore Inc. (CVE:ADCO)
Adcore Announces Strong Financial Start to 2025
Adcore Inc. has reported a robust financial position as of December 31, 2024, highlighting $10.8 million in cash and equivalents. This reflects a 61% increase from the third quarter of 2024 and a 34% increase from the end of 2023. The company's Media Blast app is experiencing swift growth, achieving nearly $2 million in Annual Recurring Revenue (ARR) by December 2024.
CEO Omri Brill expressed enthusiasm about Adcore's financial strength, attributing growth to business fundamentals and strategic activities. He emphasized the successful performance of Media Blast, noting its achievement of nearly $2 million ARR within six months of reaching $1 million.
Looking forward, Adcore plans to sustain growth and market opportunities in 2025. The company will introduce a new app, Proposaly.io, designed to enhance sales management, in a webinar on January 15th.
R. E.
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