on Adcore Inc. (isin : CA00654B1040)
Adcore Sees Strong Growth in APAC Despite Global Challenges
Adcore Inc. reported increased revenue for the first quarter of 2025, driven by notable success in the APAC market. The company, specializing in AI-powered marketing solutions, witnessed an 85% growth in APAC, propelling overall revenue to CAD$7 million, a slight 2% rise from the previous year.
Despite economic challenges in EMEA and North America, Adcore maintained operational focus, achieving a positive Adjusted EBITDA of CAD$208 thousand. CEO Omri Brill noted enhanced cash flow and a 33% year-on-year cash position increase. The company's MediaBlast app showed robust performance with a 292% annual growth in Annual Recurring Revenue (ARR).
Adcore is preparing to launch "Proposaly," an initiative to streamline sales workflows globally, indicating strategic expansion and product diversification.
R. H.
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