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Bullboard - Stock Discussion Forum Kidoz Inc V.KIDZ

Alternate Symbol(s):  KDOZF

Communication Services
Kidoz Inc. is a mobile advertising technology (AdTech) developer and owner of Kidoz Contextual Ad Network (www.kidoz.net), the Kidoz Publisher SDK and the Kidoz COPPA Privacy Shield. The Company’s focus is to keep children safe in the complex digital advertising ecosystem. It owns the children's online privacy protection rule (COPPA) and general data protection regulation (GDPR) compliant... see more

TSXV:KIDZ - Post Discussion

Kidoz Inc > Kidoz Inc. Announces unaudited 2023 results
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Post by sdhaka on Apr 02, 2024 4:12pm

Kidoz Inc. Announces unaudited 2023 results

Kidoz Inc./ TSXV: KIDZ
 
PR Title : Announces unaudited 2023 results
 
FRC Opinion: Mixed – 2023 revenue was down 12% YoY to $13M, missing our estimate by 8%, primarily due to clients delaying ad campaigns, and a strategic shift in KIDZ’s sales strategy from relying exclusively on resellers to prioritizing direct sales. The latter resulted in increased gross margins. As a result, EBITDA improved from -$0.8M to -$0.7M, beating our estimate of -$1.2M. We will publish a detailed update once the audited financials are released later this month. 
 
 
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results
 
 
 
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