Conference call will be held on November 29, 2022 at 11AM ET.
VANCOUVER, British Columbia, Nov. 29, 2022 /PRNewswire/ — Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company“), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the three months ended September 2022. The Company’s financial statements and management discussion and analysis (“MD&A“) are available on SEDAR under the Company’s profile.
Key Highlights (all figures are in USD)
- Over the nine-month period in 2022 revenues have increased by 25% compared to the same period last year.
- Revenues in 3Q22 reached $9.8M, a decrease of 39% YOY primarily as the result of global macroeconomic conditions that impact client advertising budgets, especially in the areas of Fintech and Cryptocurrency.
- Achieved positive Adjusted EBITDA[1] of $15K in 3Q22. Over a nine-month period, the…
