Zoomd Technologies Ltd V.ZOMD

ZOMD>>>> 1 DOLLAR+ COMING

[Maximus10]

Second Quarter 2024 Highlights (All Figures in Thousands in USD)

• Although the Company discontinued several operations that no longer aligned with its vision, 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.

CONFERENCE CALL

[Maximus10]

 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