Adcore Inc T.ADCO

KIDZ.V - last undervalued advertising play

[teomax]

 KIDZ.V. Their Grew User base 3x in 2020 from 100M to 300M.  Still undiscovered. Check their recent NR. They should turn to be a profitable this year.

 

https://finance.yahoo.com/news/kidoz-safe-advertising-network-experiences-230500098.html

 

Growth highlights from 2020 include:

 

Kidoz Safe Ad network reach increased from 100 million to 300 million users worldwide

 

Over 1 billion paid impressions were delivered recording 40% growth YOY

 

Over 325 million completed video views recording 45% growth YOY

 

US$3.5M paid to sales channels recording 45% growth YOY

 

50% growth in rich media playable ads purchased

[rowdyrhino]

KIDZ looks like it is trading for 12X an estimated 2020 revenue of 4.3M. If we slapped 12X revenue on ADCORE is would be like $2.80 a share.  I would rather buy ADCORE still.  Cheaper, better profit margins, faster growth on the way, and a much larger target market.  How does ADCORE not trade at $3+?

[rowdyrhino]

That is $2.80 a share USD.  So I'm guessing that is something like $3.50 a share CAD. I really think ADCORE could easily reach $4 to $5 a share USD and $5 to $6.25 CAD in 2021.  

[Torontojay]

You are right.  It could reach those prices. I estimate $2-2.6 million US in net income for fiscal 2020. We are currently trading at an estimated pe ratio of between 32 and 42 which many in the industry may command those numbers on a price to sales ratio. Fourth quarter net income is estimated at $1.3 -1.9 m.  I decided today to add to my position with the belief that we could

[TruthInNumbers]

in the conference call from December, the CEO stated that the Hong Kong office alone had already earned roughly 2 million Canadian dollars. Much faster than anticipated.

[teomax]

Now do the same math with just annouced 4Q report of KIDZ.V...and I would say they are going to grow in 2021 which is not so sure for ADCO.V, who lost its biggest customer recently. Financial highlights from the fourth quarter of 2020 include: Q4 2020 Total Revenue of $3,507,250 - growth of 83% over Total Revenue of $1,919,973 in Q3 2020 Q4 2020 Profit of $791,642, an increase of 579

[TruthInNumbers]

Adcore is expecting 15% YoY growth for Q4 2019 to Q4 2020 despite losing that customer. And that's also despite taking a beating during covid quarters. So Q4 2020 numbers should be exceptional, and they expect that momentum to carry forward into 2021 as well. Travel will pick up and also generate more revenue for ADCO which was surpressed in 2020. And also the Hong Kong office generated an