Technology

Zoomd Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results

Published

1 week ago

March 25, 2025

Conference call will be held on March 26, 2025 at 11AM ET

TORONTO, March 25, 2025 /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 and full year periods ended December 31, 2024. The Company’s financial statements and management discussion and analysis (“MD&A”) are available in the Investors section of Zoomd’s website at https://zoomd.com/investors/ and on SEDAR+ under the Company’s profile.

Unless otherwise stated herein, all amounts are presented in United States dollars.

Key Financial Highlights

Revenues in FY2024 were US$54.5M, reflecting 70% growth compared to FY2023.FY2024 Gross Margin of 39%, representing a 2% YoY increase.Adjusted EBITDA of US$11.3M in FY2024 vs. US$1.7M in FY2023.Net income of US$8.9M in FY2024, an increase of US$13.6M compared to FY2023.Generated operating cash flow of US$7.7M resulting in an EoY cash balance of US$9.2M.

Management Commentary

Ido Almany, CEO of Zoomd Technologies, stated:

“2024 was a transformative year, demonstrating the strength of Zoomd’s strategic execution. We achieved a 100% year-over-year revenue increase in Q4, contributing to a 70% growth for the full year. Annual Adjusted EBITDA reached US$11.3 million, and we delivered net income of US$8.9 million, marking a notable turnaround from a US$4.7 million loss in 2023.

This performance highlights the scalability and resilience of our business model, technology, and approach, validated by seven consecutive quarters of operating income growth.

These results reflect the dedication, hard work, and disciplined execution by the entire Zoomd team. We remain committed to sustained profitable growth, prioritizing margin expansion, strong cash generation, and a compelling return on investment to drive continued shareholder value.”

Amit Bohensky, Chairman of Zoomd Technologies, stated:

“Zoomd’s performance in 2024 reflects the foundation we’ve built through focus, discipline, and belief in our strategy. Looking ahead, we remain committed to investing in the vision that drives us – scaling innovation, deepening customer value, and building a business that delivers over the long term.”

Fourth Quarter 2024 Financial Highlights

Revenues in Q4.24 increased by 100% to US$15M, compared to US$7.5M in Q4.23. During 2024 the Company achieved consistent quarterly revenue growth each quarter compared to the corresponding quarter in the previous year.Cost of sales for Q4.24 amounted to US$8.9M, reflecting an 80% increase compared to Q4.23. However, with revenues increasing 100% over the same period, the rise in costs remained notably lower, resulting in a significant improvement in gross margin compared to the same period in 2023.Operating expenses as a percentage of revenues for Q4.24 were 19%, reflecting a consistent decrease in operating expenses as a percentage of revenue over the past seven quarters.Adjusted EBITDA grew significantly from US$0.6M in Q4.23 to US$3.2M in Q4.24. The increase in Adjusted EBITDA is primarily attributable to the increase in revenues and an improved gross profit margin.Net income for Q4.24 was US$3M, compared to a net loss of US$0.03M in Q4.23, marking the fourth consecutive quarter of net income.Cash flow generated from operating activities for Q4.24 was US$2.6M. As of December 31, 2024, the Company’s cash balance amounted to US$9.2M, and no long term debt.Earnings per share for the year ended December 31, 2024 was C$0.12.

Fiscal Year 2024 Financial Highlights

Revenues for 2024 increased by 70% YoY, despite having discontinued several operations that no longer aligned with the Company’s vision.Cost of sales in 2024 amounted to US$33M, reflecting a 64% increase YoY.Operating Expenses as a percentage of revenue were 22% for FY2024, down from 50% in FY2023Research and Development expenses in 2024 were US$2.7M, a 17% decrease YOY. Selling, General and Administrative expenses in 2024, were US$9.5M, a 5% decrease YOY.Adjusted EBITDA for 2024, reached US$11.3M as compared with Adjusted EBITDA of US$1.7M in 2023. This significant increase is primarily attributable to the increase in revenues, and disciplined cost management.Net income for FY 2024 was US$8.9M, a significant turnaround from a net loss of US$4.7M in 2023. This improvement was primarily driven by revenue growth, operational restructuring, and the recognition of intangible asset impairments recorded in 2023.

CONFERENCE CALL

Amit Bohensky, Founder and Chairman, will hold a conference call to discuss the quarter’s financial results at 11 AM ET on March 26, 2025.

Interested parties can listen via a live webcast from the link available in the Investors section of Zoomd’s website at https://zoomd.com/investors/ or via https://app.webinar.net/w7KopoOpqXE.

A replay will be available after the call using the same links.

ABOUT ZOOMD:

Zoomd (TSXV: ZOMD) (OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING NON-IFRS FINANCIAL MEASURES

This press release refers to “Adjusted EBITDA” which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company’s presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company’s estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a Company’s operating performance. Essentially, it’s a way to evaluate a Company’s performance without having to factor in financing decisions, accounting decisions or tax environments.

Management uses this non-IFRS measure as a key metric in the evaluation of the Company’s performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd’s MD&A located on the Company’s profile at www.sedarplus.ca which is incorporated by reference into this press release.

DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd’s future outlook, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the military conflicts), the extent and duration of which are uncertain at this time on Zoomd’s business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.

The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Amit Bohensky
Chairman
Zoomd ir@zoomd.com

Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

Logo – https://mma.prnewswire.com/media/2645176/Zoomd_Logo.jpg

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SOURCE Zoomd Technologies Ltd.

Technology

UPS ENHANCES EXPORT SERVICES FROM KYUSHU

Published

20 minutes ago

April 3, 2025

One day faster transit times for global exports from six cities in Fukuoka and two cities in OitaPickup cutoff times extended by up to 2.5 hours in more than 700 postal areas in Kitakyushu CityFurther strengthens UPS’s advantage as the only international express delivery provider operating flights in the Kyushu region

TOKYO, April 3, 2025 /PRNewswire/ — UPS (NYSE: UPS) is now offering faster export services from more cities in Kyushu, providing businesses in the region with faster and easier access to the company’s industry leading global logistics network.

Effective March 31, export shipments from nearly 800 postal codes in the cities of Iizuka, Koga, Yukuhashi, Miyawaka, Kanda Town, and Kurate Town in Fukuoka prefecture, and Oita and Nakatsu City in Oita prefecture will now arrive to destinations worldwide one business day faster, with same-day uplift to UPS’s daily weekday flight from Kitakyushu Airport.

Furthermore, UPS customers in more than 700 postal areas in Kitakyushu City can now benefit from pickup cutoff times as late as 17:00, an extension of as much as 2.5 hours.

“As the only international express delivery provider with regular flights from Kyushu, we are delighted to provide yet another enhancement to our services to help the region’s businesses reach more customers located across the world,” said Makoto Kato, president of UPS Japan.

“A diverse customer base is a key element of a resilient supply chain, and reaching those customers quickly can make all the difference for businesses looking for a competitive edge. With growth expected in industries such as high tech, automotive and cross-border e-commerce in the region, we’ll continue to provide the products and services our customers need to make the most of every opportunity,” Kato added.

UPS launched daily weekday flights from Kitakyushu Airport in 2023. In December 2024, the company also introduced export services utilizing JR Kyushu’s bullet train, a move that combined the shinkansen network with an international air cargo network for the first time.

For full details of delivery times within UPS’s global network, refer to the UPS time and cost calculator.

About UPS

UPS (NYSE: UPS) is one of the world’s largest companies and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. UPS embraces a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. The company is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at https://www.ups.com, about.ups.com and https://investors.ups.com/.

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SOURCE UPS

Technology

LG’S EFFICIENT HVAC SOLUTIONS SELECTED FOR MAJOR LOGISTICS HUB IN SINGAPORE

Published

20 minutes ago

April 3, 2025

Company Supplies State-of-the-art Multi V™ i System to Landmark Commercial Project, Strengthening HVAC Leadership in Southeast Asia

SEOUL, South Korea, April 3, 2025 /PRNewswire/ — LG Electronics (LG) has supplied its state-of-the-art Multi V™ i, a variable refrigerant flow (VRF) solution featuring an advanced AI engine, to a newly constructed 59,800-square-meters logistics center in the Singapore’s Tuas area. This milestone project underscores LG’s commitment to expanding its heating ventilation and air conditioning (HVAC) business in Southeast Asia.

To achieve the highest level of the Building and Construction Authority’s Green Mark certification program – specifically the Green Mark Platinum (Super Low Energy) rating – the logistic center required an exceptionally efficient and comprehensive HVAC solution. LG distinguished itself by presenting a tailored package that optimally meets the client’s specific needs. To further enhance the already outstanding performance and energy efficiency of the Multi V i, LG integrated its proprietary inverter compressor and a larger heat exchanger.

LG Multi V i intelligently adapts to environmental conditions, optimizing operation while minimizing unnecessary energy consumption. It incorporates LG’s industry-leading HVAC innovations, including HiPOR™ (High Pressure Oil Return) technology, which ensures peak efficiency during part-load operation by improving operational stability, even in challenging conditions. The heat exchanger, enlarged by over 10 percent, accelerates cooling and heating response times, while dual inverter compressors promote increased durability, energy savings and overall efficiency. Moreover, LG’s proprietary energy management tools, including real-time Coefficient of Performance monitoring, provide actionable insights to help building operators reduce HVAC energy consumption without sacrificing performance.

As Singapore strengthens its position as a key regional and global logistics hub – with transportation and storage accounting for over 10 percent of its GDP as of 2022 – the demand for energy-efficient solutions in large-scale logistics operations is steadily increasing. LG estimates that the HVAC market for logistics centers in Singapore is valued at approximately USD 25 million annually, with further growth expected in the coming years. By supplying its advanced Multi V i system, LG is well positioned to accelerate its HVAC expansion across Southeast Asia, where sustainability-focused building initiatives are gaining traction in countries such as Indonesia and Malaysia.

“Precise Development Pte Ltd is thrilled to collaborate with LG to deliver this best-in-class facility,” said Mr. Peh Chong Eng, Group CEO of Precise Development Pte Ltd. “LG’s cutting-edge technology, combined with their attention to detail and responsiveness to our needs, sets them apart from other equipment suppliers. We highly recommend LG air solutions for any project.”

“Fidecs is proud to achieve the BCA Green Mark 2021 Platinum Super Low Energy certification by integrating LG’s high-efficiency VRF system,” said Ervin Chng, Director of Business Development at Fidecs Engineering Pte Ltd. “This milestone demonstrates our commitment to sustainable building solutions and sets a new benchmark for energy efficiency in Singapore.”

“LG Multi V i exemplifies our dedication to creating innovative, energy-efficient solutions that address the changing needs of our clients,” said Jaeseung Kim, Regional CEO of LG Electronics Asia Pacific. “Aligned with Singapore’s Green Mark certification and the growing sustainability initiatives in Southeast Asia, including Indonesia and Malaysia, we are committed to pursuing HVAC opportunities tailored to the specific needs of the region.”

About LG Electronics Eco Solution Company

The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company enhances comfort and health with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed to lower environmental impact. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. Beyond HVAC, the ES Company also leads LG’s electric vehicle charging business, driving B2B growth in the clean tech sector – one of LG’s key future areas. For more information, please visit www.lg.com/global/business/hvac and www.LG.com/b2b.

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SOURCE LG Electronics

Technology

Agoda Reveals Top Family-Friendly Local Getaways This Summer Break

Published

20 minutes ago

April 3, 2025

MANILA, Philippines, April 3, 2025 /PRNewswire/ — With the school summer break fast approaching, Filipino families are gearing up for their much-anticipated vacations. During this summer holiday period, Filipino families showcased a 39% higher preference for domestic over international travel, according to Agoda accommodation search data.

From sun-soaked beaches to lively city attractions, Agoda reveals that Boracay, Manila, Cebu, Bohol, and Batangas are the most popular family-friendly destinations in the Philippines.

1. Boracay

Boracay remains an unbeatable choice for families looking for a fun and relaxing vacation. With its gentle waves, soft white sand, and wide range of kid-friendly resorts, the island provides an ideal setting for children to enjoy the waves while parents unwind by the shore.

2. Manila

For families who prefer an urban getaway, Manila delivers an exciting mix of educational attractions, theme parks, and cultural experiences. From interactive exhibits at museums to marine encounters at Manila Ocean Park, there’s no shortage of activities to keep kids engaged.

3. Cebu

Another great pick for families with kids of all ages is Cebu. Historical sites like Magellan’s Cross and Fort San Pedro make the Queen City of the South a great place to learn more about the country’s history and culture. Families that prefer a more “outdoorsy”, adventurous experience can go snorkeling and dolphin watching in Mactan.

4. Bohol

Bohol is gaining popularity among families who want to relax while still getting in touch with nature. Seeing the Chocolate Hills up close, visiting the Philippine Tarsier Sanctuary, and taking a Loboc River cruise are just some of the unique activities that make Bohol stand out.

5. Batangas

A hassle-free road trip destination, Batangas offers beautiful beaches, farm stays, and nature-inspired resorts, all within a few hours’ drive from Manila. The calm waters of Laiya make it an excellent choice for those who want to escape the city without the need for long-haul travel.

Michael Hwang, Country Director for the Philippines at Agoda, shared, “With more Filipino families showing interest in travelling domestically, Agoda makes it simple to book the perfect summer vacation with early booking discounts, family-friendly accommodations, and exclusive deals.”

With over 5 million properties, 130,000 flight routes, and 300,000 activities, Agoda helps Filipino travelers find the best destinations and accommodations to suit their needs. Download the Agoda mobile app today to plan the perfect family getaway.

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SOURCE Agoda