on Adcore Inc. (CVE:ADCO)
Adcore Inc. Announces Second Quarter 2025 Financial Results
Adcore Inc. reported its second quarter 2025 financial results, highlighting improvements across various metrics. Revenue slightly declined by 1% to CAD$6.5 million compared to the same period last year. However, gross profit increased by 6%, reaching CAD$3.1 million, with a stronger gross margin of 47% up from 44%. Adjusted EBITDA turned positive at CAD$156 thousand, a significant improvement from a negative CAD$173 thousand in Q2 2024.
The company's APAC operations showed robust revenue growth, rising 35% to CAD$3.6 million. Cash reserves also strengthened, standing at CAD$9.0 million, marking a 23% increase from the previous year. CEO Omri Brill emphasized operational efficiency gains driven by AI advancements and the promising potential of their new app, Proposaly, currently in BETA testing.
R. P.
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