on Adcore Inc. (CVE:ADCO)
Adcore Reports Record Financial Results for Q4 and 2024
Adcore Inc., a leader in marketing technology, released its financial results for Q4 and the year ending December 31, 2024. The company achieved its highest-ever gross profit at CAD$3.9 million for Q4 and reported a robust operating cash flow of CAD$3.8 million. This financial performance positions Adcore for growth in 2025.
Q4 revenues increased by 24% year-over-year, reaching CAD$11.2 million, with the adjusted EBITDA increasing by 164% to CAD$1.3 million. The company's gross margins for the year climbed to 42%, while net income in Q4 surged to CAD$521 thousand from CAD$74 thousand the previous year.
Adcore's full-year 2024 revenues were CAD$32.5 million, a 4% increase from 2023. The company's financial health improved with cash reserves of CAD$10.8 million, setting a strong foundation for strategic growth and expansion in 2025.
R. P.
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