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Zoomd Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results

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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.

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Ericsson Upgrades to Gold Membership in the Cloud Native Computing Foundation to Drive Cloud Native Transformation in Telecom

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Ericsson expands cloud native innovation in telecom, leveraging CNCF projects to advance 5G and 6G

LONDON, April 2, 2025 /PRNewswire/ — KubeCon + CloudNativeCon Europe — The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, today announced that Ericsson has upgraded its membership to Gold to strengthen its commitment to CNCF projects critical to telecom applications.

Ericsson has upgraded its membership to strengthen its commitment to CNCF projects critical to telecom applications.

Through its CNCF engagement, the company is helping shape industry standards that will drive the future of 5G and 6G networks. Its investment in cloud native adoption supports the transition to 5G and development of 6G, reinforcing scalability, security, and efficiency in next-generation networking.

“Cloud native technology is essential for the future of telecom networks, enabling greater scalability, flexibility, and operational efficiency,” said Phil Robb, Head Of Ericsson Software Technology. “Upgrading to a CNCF Gold Membership allows us to take a more active role in shaping the open source ecosystem that underpins 5G and 6G. This move strengthens our ability to engage in  key cloud native developments, ensuring they align with the needs of modern telecom infrastructure. We look forward to deeper collaboration with CNCF and its community to drive meaningful innovation.”

Ericsson actively contributes to CNCF and other open source initiatives that support telecom innovation. The company leads advancements in bare-metal provisioning in Kubernetes through contributions to Metal3, critical for managing the lifecycle of bare-metal infrastructure in 5G core and radio applications. Additionally, Ericsson plays a key role in advancing service meshes such as Istio and Envoy to meet the performance and security needs of cloud native telecom applications.

Security remains a top priority as Ericsson strengthens cloud native adoption across the telecom sector. The company collaborates with CNCF and the Open Source Security Foundation (OpenSSF) to define industry-wide security baselines. By implementing best practices and aligning with frameworks like the Secure Software Development Framework (SSDF), Ericsson reinforces robust security measures across the cloud native ecosystem, ensuring resilient and trustworthy telecom applications.

“Ericsson’s decision to invest in a CNCF gold membership underscores the growing role of cloud native technologies in the telco industry,” said Chris Aniszczyk, CTO of CNCF. “Their deeper investment will strengthen the ecosystem, drive advancements in cloud native networking, and help shape the evolution of cloud native telco infrastructure. We look forward to their continued contributions and collaboration.”

As a CNCF Gold Member, Ericsson joins a network of industry leaders committed to advancing cloud native innovation. Through strengthened collaboration with CNCF, Ericsson aims to accelerate the adoption of cloud native principles within telecom and contribute to the evolution of next-generation networking solutions.

To become a CNCF member, visit: https://www.cncf.io/about/join/

Additional Resources

CNCF NewsletterCNCF TwitterCNCF WebsiteLearn About CNCF MembershipLearn About the CNCF End User Community

About Cloud Native Computing Foundation

Cloud native computing empowers organizations to build and run scalable applications with an open source software stack in public, private, and hybrid clouds. The Cloud Native Computing Foundation (CNCF) hosts critical components of the global technology infrastructure, including Kubernetes, Prometheus, and Envoy. CNCF brings together top developers, end users, and vendors and runs the largest open source developer conferences in the world. Supported by more than 800 members, including major cloud computing and software companies, as well as over 200 innovative startups, CNCF is part of the nonprofit Linux Foundation. For more information, please visit www.cncf.io.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page. Linux is a registered trademark of Linus Torvalds.

Media Contact
Kaitlin Thornhill
The Linux Foundation
pr@cncf.io 

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SOURCE Cloud Native Computing Foundation

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Biologit Boosts Patient Safety with World-First Automated Local Literature Monitoring Solution for Non-Indexed Sources

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* Biologit for Local Literature™ delivers results 15 x faster than traditional searches, and is considerably more accurate and reliable. * The new managed service, already live at a top 10 pharma company, harnesses a technology ingestion model built by Biologit to fill a critical gap in pharmacovigilance, at scale. *Local literature surveillance is a highly resource-intensive mandatory activity, with significant budget implications yet with relative low yield for safety events.

DUBLIN, April 2, 2025 /PRNewswire-PRWeb/ — Biologit, a specialist in advanced, technology-enabled safety surveillance solutions for life sciences, has launched a world-first automation solution for local literature monitoring. Biologit for Local Literature™ solves the costly and complex problem of how to reliably identify adverse events and relevant safety information across the full spectrum of local literature sources, including non-indexed and hard-to-access country-specific publications.

This is a huge breakthrough for pharmacovigilance and patient safety. Truly comprehensive local literature screening has been a huge headache – and cost – for the pharma industry up to now.

The new managed data service, which is already live at a top 10 global biopharma company, fills a critical gap in current international safety surveillance. That’s because a significant proportion of adverse events first come to light via discrete local medical publications and online sources that are not picked up by routine open-source global literature searches. The activity’s critical importance is recognised by regulators, which mandate that pharma companies screen for safety events in all relevant markets.

The traditional screening process for local medical literature is inefficient and unreliable:

Highly manual and time-consuming, it requires dedicated staff at an affiliate or regional level;It yields only limited safety information. Errors and omissions are common;These issues are compounded by inconsistency in the format, indexing; access issues (e.g. paid subscriptions/print-only formats); language barriers; and variances in regulators’ reporting expectations.

Biologit for Local Literature uses advanced technology to overcome this challenge, efficiently, reliably and at scale. It has been shown to yield a 15-fold acceleration in safety event reporting when applied to a broad spectrum of local sources across 30 EU countries, with impressive accuracy.

Optimised algorithms, closely governed

Biologit for Local Literature uses a technology-based ingestion model developed by Biologit’s expert engineers. Each source is evaluated, and proprietary technology methods (including optimised algorithms that act as automated ‘crawlers’ per site) are used to support the ingest of any non-indexed in-country literature source as required. Even hard-to-reach print sources, conference proceedings and websites are included. As part of the managed service, Biologit’s operations team then confirms the findings manually, balancing process innovation with strong governance to contain any risk and ensure the product is audit-ready.

This innovative solution complements the company’s existing Biologit Database™, an extensive and continuously updated range of indexed, open-source global, regional and national medical publications and online resources. The ability to screen more diverse, non-standardised local sources in a reliable and highly efficient way – and filter searches by country – via Biologit’s new bespoke managed data service, rounds off the solution suite.

The combined 360-degree screening is powered by Biologit Platform™, Biologit’s powerful scientific literature monitoring platform, which features flexible workflow and unique AI productivity features. Biologit for Local Literature removes the final source of pain and risk from literature monitoring, raising the overall benefit to patient safety. ALL safety events are accessible via a single window, or query.

Delivered via the Biologit Platform, Biologit for Local Literature covers all countries and includes automated machine translation for hundreds of languages. The innovative technology allows for country-level data filtering for specific local searches, and individual country reporting and audit trails. It also supports single, integrated searches for global and local safety events.

Commenting on the significance of Biologit for Local Literature, Nicole Baker, Biologit’s CEO and co-founder, said:

“This is a huge breakthrough for pharmacovigilance and patient safety. Truly comprehensive local literature screening has been a huge headache – and cost – for the pharma industry up to now. Worse than that, it hasn’t delivered. This world-first, tech-enabled managed service ensures accurate and complete coverage for all journals, websites and subscription-based publications of interest in a country, delivered with unprecedented efficiency.

“Our use of automation allows us to do this at scale. This is not about assigning large service teams, or trying to track everything in spreadsheets. With Biologit for Local Literature we harness technology including specially-developed crawlers which are fast and reliable, and everything is properly overseen by our skilled people, to verify the accuracy and reliability of the output. Given the high sensitivity of patient safety, and the strict PV/Regulatory requirements, we have taken great pains to balance innovation and risk, and the results are exceeding all expectations.”

A new white paper, A World First: Integrated, Automated Global & Local Literature Monitoring for Pharmacovigilance is available for download on the Biologit website here. To arrange a 1:1 demonstration please email jean.redmond@biologit.com.

About Biologit

Biologit is an innovator in pharmacovigilance (PV), revolutionising the way that life science organisations handle literature review and monitoring, using cutting-edge automation technology wherever appropriate. Founded with a mission to enhance patient safety and operational efficiency, Biologit empowers pharmaceutical, biotech and PV service providers to simplify and streamline their processes. At the heart of Biologit’s Platform is its AI-powered literature automation tool, designed to transform manual and time-intensive tasks into seamless, efficient workflows. Biologit adheres to the highest industry standards, including ISO 27001 certification, GxP compliance, and alignment with FDA regulations.

PR Contact

Carina Birt, Sarum Life Sciences

carina@sarumlifesciences.com

+44 7970 006624

Media Contact

Jean Redmond, biologit, 44 00000000000, jean.redmond@biologit.com, https://www.biologit.com/

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SOURCE biologit

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OSL completes final phase of Project HADO®, setting new standards for autonomous drone operations in the UK

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Successful live trials in the Heathrow FRZ mark a major milestone in the future of secure autonomous drone operations

READING, England, April 2, 2025 /PRNewswire/ — OSL has announced the successful completion of the final phase of Project HADO®, a UKRI-funded research and development initiative aimed at enabling secure, repeatable Beyond Visual Line of Sight (BVLOS) drone operations across UK airspace. The milestone marks the conclusion of more than two years of intensive innovation, consortium collaboration, and field testing.

OSL led the consortium as prime integrator, bringing together key organisations including Heathrow, Thales, Cranfield University, UAVTEK, Carmenta, HEROTECH8, and Dynamic Intelligence Solutions—each contributing critical expertise across aviation, autonomy, surveillance, and airspace management.

Project HADO® — short for High-Intensity Autonomous Drone Operations — focuses on enabling fully autonomous drone missions in busy, safety-critical environments such as airports, ports, urban centres, and transport hubs. These are spaces where complex air and ground activity makes uncrewed flight especially challenging. While many BVLOS projects explore long-range corridor travel, HADO® was designed to address the far more difficult task of operating autonomously within high-density, operationally complex areas.

In the final series of live trials, OSL deployed its system within the Heathrow Flight Restriction Zone (FRZ), demonstrating two core use cases: perimeter patrol, using visible and thermal cameras to detect loiterers or intrusions along a fence line; and building survey, using automated point-to-point flight and image capture to generate both visual and thermal inspection data.

These missions were supported by a detailed digital twin of the environment, developed in collaboration with Cranfield University. This synthetic modelling environment enabled precise flight planning, environmental awareness, and robust training of the autonomous behaviours required for safe and repeatable operations.

The system is fully integrated into OSL’s proprietary platform, FACE®, which incorporates drone-in-a-box infrastructure, layered sensor fusion, Uncrewed Traffic Management (UTM) tools, and a real-time operator interface. This end-to-end capability allows for safe, automated missions even in GPS-denied or dynamically changing environments.

One of the outcomes of this final phase is the development of a rapidly deployable mobile HADO® system—allowing organisations to set up autonomous drone operations on-site within a single day. This flexibility opens the door to a wide range of applications, from critical infrastructure inspection to urban safety and emergency response.

The project also delivered significant advances in detect-and-avoid functionality—widely considered one of the key challenges to safe BVLOS flight. By combining radar, optical sensors, and real-time environmental scanning with AI-driven logic, the system can autonomously detect risks, adjust its flight path, or safely return to base.

“Project HADO® has been a defining moment for OSL,” said Mark Legh-Smith, Chief Executive Officer at OSL. “We’ve taken a bold vision and delivered a functioning, field-tested system that brings together autonomy, safety, and situational awareness. It’s a milestone not just for our team, but for the future of UK airspace.”

OSL continues to work closely with the Civil Aviation Authority (CAA) to support the safe expansion of BVLOS operations in the UK. The comprehensive safety framework, operational data, and successful trials at OSL’s test facility near Reading are helping to inform the evolution of the UK’s regulatory environment.

Looking ahead, the technologies developed in HADO® are intended to support a wide range of civil and commercial use cases beyond the security domain — including infrastructure monitoring, transport hub management, and smart city applications. OSL and its partners are actively exploring future opportunities to deploy and evolve the system in line with operational needs.

About OSL
OSL is a UK-based security technology company specialising in adaptive, multi-layered solutions to protect high-value, risk-prone environments from unauthorised drones and other emerging threats. Founded by security and operational experts, OSL delivers advanced, technology-agnostic systems that integrate layered sensors, proprietary AI, and real-time data fusion to safeguard complex 3D spaces.

Its core platform, FACE®, enables centralised monitoring, precise threat detection, and autonomous response capabilities across both aerial and ground domains. From design and deployment to 24/7 remote monitoring and lifecycle support, OSL provides full-spectrum protection tailored to each operational environment.
www.osltechnology.com

View original content:https://www.prnewswire.co.uk/news-releases/osl-completes-final-phase-of-project-hado-setting-new-standards-for-autonomous-drone-operations-in-the-uk-302417362.html

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