Zoomd Technologies Ltd V.ZOMD

Alternate Symbol(s): ZMDTF

Technology Software - Application

Zoomd Technologies Ltd. and its wholly owned subsidiary Zoomd Ltd. (Zoomd), the marketing technology (MarTech) user-acquisition and engagement platform. It provides a mobile app user-acquisition platform that integrates with numerous global digital media outlets. The platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure. Its platform includes various modulus and complex data flow processes, including Natural Language Processing (NLP), artificial intelligence, and machine learning algorithms to achieve KPIs by running automated rule-based engines.

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Zoomd Technologies Ltd > ZOMD>>>> 1 DOLLAR+ COMING

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Comment by Maximus10on Aug 30, 2024 3:08pm

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RE:ZOMD>>>> 1 DOLLAR+ COMING

It succeeded in increasing revenues in Q2.24 by 58% compared to Q2.23. Following these strategic changes, the Company's revenues have grown exponentially each quarter compared to the previous quarter: a 6% increase in Q4.23, a 16% increase in Q1.24 and a 60% increase in Q2.24.
Gross profit margin was 38% for the three months ended June 30, 2024, versus 36% for the same period in 2023.
Research and Development expenses for the three months ended June 30, 2024, were $0.8M, a 20% decrease YoY. Selling, General and Administrative expenses for the three months ended June 30, 2024, were $2.2M, a 22% decrease YoY. The decrease in expenses is primarily attributed to strategic refocusing measures implemented by the Company's management team aimed at mitigating the impact on the Company's financial health and positioning the Company for sustainable growth.
Adjusted EBITDA in Q2.24 was $3 million, reflecting an approximately 700% increase compared to Q2.23. This improvement was driven by strategic refocusing measures and revenue growth.
Operating income was $2.4M in Q2.24, compared to an operating loss of $0.6M in Q2.23. Over the last quarters we had a consistent improvement in the Company's Operating income in each quarter compared to the previous quarter: In Q3.23 operating Loss was reduced by approximately 90% compared to the previous quarter. In Q4.23 we transitioned from an Operating Loss to an Operating Profit. In Q1.24 the Operating Profit continued to increase, and in Q2.24 the Operating Profit increased by approximately 300%, compared to the previous quarter.
Net income was $2.2M in Q2.24, compared to a net loss of $0.8M in Q2.23, reflecting the fifth consecutive quarter of net profit growth.
Cash flow generated from operating activity for Q2.2024 was $2.3M. As of June 30, 2024, the Company's cash and cash equivalents amounted to $4.4M, and no long-term debt.