New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.6m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Market cap is less than US$10m (CA$13.4m market cap, or US$9.74m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • May 17
First quarter 2026 earnings released: US$0.009 loss per share (vs US$0.002 loss in 1Q 2025) First quarter 2026 results: US$0.009 loss per share (further deteriorated from US$0.002 loss in 1Q 2025). Revenue: US$6.22m (up 27% from 1Q 2025). Net loss: US$551.0k (loss widened 291% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • May 07
Adcore Inc. to Report Q1, 2026 Results on May 14, 2026 Adcore Inc. announced that they will report Q1, 2026 results Pre-Market on May 14, 2026 Annonce • Apr 29
Adcore Inc., Annual General Meeting, Jun 23, 2026 Adcore Inc., Annual General Meeting, Jun 23, 2026. Location: ontario, toronto Canada Reported Earnings • Mar 27
Full year 2025 earnings released: US$0.016 loss per share (vs US$0.009 loss in FY 2024) Full year 2025 results: US$0.016 loss per share (further deteriorated from US$0.009 loss in FY 2024). Revenue: US$23.8m (flat on FY 2024). Net loss: US$968.0k (loss widened 79% from FY 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to CA$0.14. The fair value is estimated to be CA$0.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 67%. Annonce • Mar 19
Adcore Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026 Adcore Inc. announced that they will report fiscal year 2025 results Pre-Market on Mar 26, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.005 loss per share (vs US$0.002 loss in 3Q 2024) Third quarter 2025 results: US$0.005 loss per share (further deteriorated from US$0.002 loss in 3Q 2024). Revenue: US$5.54m (down 2.0% from 3Q 2024). Net loss: US$324.0k (loss widened 170% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Nov 06
Adcore Inc. to Report Q3, 2025 Results on Nov 13, 2025 Adcore Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 New Risk • Oct 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.0m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (CA$14.0m market cap, or US$9.97m). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Nancy Goertzen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2025 earnings released: US$0.005 loss per share (vs US$0.008 loss in 2Q 2024) Second quarter 2025 results: US$0.005 loss per share (improved from US$0.008 loss in 2Q 2024). Revenue: US$4.72m (down 2.3% from 2Q 2024). Net loss: US$304.0k (loss narrowed 40% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Aug 07
Adcore Inc. to Report Q2, 2025 Results on Aug 13, 2025 Adcore Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 Annonce • May 07
Adcore Inc. to Report Q1, 2025 Results on May 15, 2025 Adcore Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 15, 2025 New Risk • Mar 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$14.5m market cap, or US$10.1m). New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (CA$13.9m market cap, or US$9.75m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Reported Earnings • Mar 26
Full year 2024 earnings released: US$0.009 loss per share (vs US$0.016 loss in FY 2023) Full year 2024 results: US$0.009 loss per share (improved from US$0.016 loss in FY 2023). Revenue: US$23.7m (up 2.5% from FY 2023). Net loss: US$541.0k (loss narrowed 43% from FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • Mar 19
Adcore Inc. to Report Q4, 2024 Results on Mar 26, 2025 Adcore Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 26, 2025 Annonce • Feb 24
Adcore Inc., Annual General Meeting, Apr 29, 2025 Adcore Inc., Annual General Meeting, Apr 29, 2025. Location: ontario, toronto Canada New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 18% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (CA$13.3m market cap, or US$9.24m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.002 loss in 3Q 2023) Third quarter 2024 results: US$0.002 loss per share (in line with 3Q 2023). Revenue: US$5.66m (down 6.9% from 3Q 2023). Net loss: US$120.0k (loss narrowed 14% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Annonce • Nov 07
Adcore Inc. to Report Q3, 2024 Results on Nov 14, 2024 Adcore Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.008 loss per share (vs US$0.007 loss in 2Q 2023) Second quarter 2024 results: US$0.008 loss per share (further deteriorated from US$0.007 loss in 2Q 2023). Revenue: US$4.84m (down 8.7% from 2Q 2023). Net loss: US$507.0k (loss widened 25% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Annonce • Aug 07
Adcore Inc. to Report Q2, 2024 Results on Aug 14, 2024 Adcore Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024 Reported Earnings • May 17
First quarter 2024 earnings released: US$0.005 loss per share (vs US$0.007 loss in 1Q 2023) First quarter 2024 results: US$0.005 loss per share (improved from US$0.007 loss in 1Q 2023). Revenue: US$5.07m (flat on 1Q 2023). Net loss: US$295.0k (loss narrowed 34% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Annonce • May 11
Adcore Inc. to Report Q1, 2024 Results on May 15, 2024 Adcore Inc. announced that they will report Q1, 2024 results Pre-Market on May 15, 2024 Annonce • Apr 10
Adcore Inc., Annual General Meeting, Jun 20, 2024 Adcore Inc., Annual General Meeting, Jun 20, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: US$0.016 loss per share (vs US$0.036 loss in FY 2022) Full year 2023 results: US$0.016 loss per share (improved from US$0.036 loss in FY 2022). Revenue: US$23.1m (up 18% from FY 2022). Net loss: US$944.0k (loss narrowed 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings. Annonce • Mar 14
Adcore Inc. to Report Q4, 2023 Results on Mar 20, 2024 Adcore Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 20, 2024 Annonce • Nov 04
Adcore Inc. to Report Q3, 2023 Results on Nov 09, 2023 Adcore Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Annonce • Oct 14
Adcore Inc. Promotes Amit Konforty as Chief Financial Officer, Effective November 11, 2023 Adcore Inc. announced that Mr. Amit Konforty, CPA, currently serving as Adcore's Director of Finance, has been promoted to be the Chief Financial Officer of the Company effective November 11, 2023. Mr. Konforty will replace Mr. Sadot who has resigned from his position as Chief Financial Officer of the Company effective November 10, 2023 and will depart the Company. Mr. Konforty is a seasoned Certified Public Accountant with over a decade of experience collaborating with diverse companies. He joined Adcore almost a year and a half ago, initially serving as the Company's Controller. Mr. Konforty has since advanced to his current role as Director of Finance. Prior to joining Adcore, Mr. Konforty held the position of Director of Finance at El-Al Israel Airways Ltd. Annonce • Aug 17
Adcore Launches New Media Blast App for Small Business Customers Adcore Inc. announced that it has launched a new marketing cloud app, Media Blast to support its small business customers with their digital advertising needs. The new application assists marketers in reaching a wider audience by creating multiple Google Ads agency accounts while efficiently managing and allocating budgets across these created accounts. The Media Blast app is designed to simplify small business digital advertising efforts. With this app, advertisers don't have to worry about account suspensions, and they can create unlimited Google Ads accounts without any spending limits. In just a few steps, advertisers can set up as many individual or MCC accounts as they need and begin advertising right away. The app provides a single dashboard where users can oversee all their advertising accounts' data, making it easier to monitor and manage their campaigns. Plus, users can effortlessly allocate and control their budget balance across various advertising accounts, ensuring that they have the flexibility and efficiency needed to support their business's unique advertising goals. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.007 loss per share (vs US$0.015 loss in 2Q 2022) Second quarter 2023 results: US$0.007 loss per share (improved from US$0.015 loss in 2Q 2022). Revenue: US$5.30m (up 31% from 2Q 2022). Net loss: US$406.0k (loss narrowed 58% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Annonce • Aug 04
Adcore Inc. to Report Q2, 2023 Results on Aug 09, 2023 Adcore Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Annonce • Jul 14
Adcore Provides Guidance for Second Quarter 2023 Adcore Inc. provided revenue guidance for the Second Quarter 2023. For the quarter, the company expects revenue in the second quarter 2023 to be in the range of CAD 6.25 million to CAD 6.75 million. Reported Earnings • May 13
First quarter 2023 earnings released: US$0.007 loss per share (vs US$0.01 loss in 1Q 2022) First quarter 2023 results: US$0.007 loss per share (improved from US$0.01 loss in 1Q 2022). Revenue: US$5.04m (up 36% from 1Q 2022). Net loss: US$450.0k (loss narrowed 32% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Annonce • May 06
Adcore Inc. to Report Q1, 2023 Results on May 10, 2023 Adcore Inc. announced that they will report Q1, 2023 results After-Market on May 10, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: US$0.036 loss per share (vs US$0.005 loss in FY 2021) Full year 2022 results: US$0.036 loss per share (further deteriorated from US$0.005 loss in FY 2021). Revenue: US$19.7m (down 30% from FY 2021). Net loss: US$2.24m (loss widened US$1.96m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Annonce • Dec 18
Adcore Inc. Provides Earnings Guidance for the Fourth Quarter 2022 Adcore Inc. provided earnings guidance for the fourth quarter 2022. The company expects revenue in the fourth quarter 2022 to be in the range of CAD 8 million to CAD 9.1 million. Reported Earnings • Nov 20
Third quarter 2022 earnings released: US$0.003 loss per share (vs US$0.004 loss in 3Q 2021) Third quarter 2022 results: US$0.003 loss per share (improved from US$0.004 loss in 3Q 2021). Revenue: US$5.45m (down 34% from 3Q 2021). Net loss: US$213.0k (loss narrowed 16% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Annonce • Nov 04
Adcore Inc. to Report Q3, 2022 Results on Nov 14, 2022 Adcore Inc. announced that they will report Q3, 2022 results After-Market on Nov 14, 2022 Annonce • Oct 25
Adcore Inc. Officially Launches Alerter App, an Easy-To-Use 24/7 Digital Asset Monitoring Tool Adcore Inc. announced the official launch of its new Alerter app, an easy-to-use 24/7 digital asset monitoring tool within the growing Adcore Marketing Cloud family of apps. The Alerter app monitors all digital assets including websites, data feeds, ad accounts and other online assets, providing a 24/7 status overview including email alerts and in-app notifications whenever action is required. Alerts include website downtime, account suspensions, ad-spend drop, disapproved ads and much more. The app can be customized to a user's preference so that they're alerted only by events they deem significant. Alerter helps marketers keep an eye on their entire digital portfolio. The app is designed to assist marketers with their day-to-day activity and save money by flagging real time errors across multiple assets. Annonce • Aug 16
Adcore Inc. Appoints Nancy Goertzen to Board of Directors Adcore Inc. announced the appointment of Nancy Goertzen to its Board of Directors. Ms. Goertzen has over 25 years of experience in corporate development with diversified experience in companies across multiple industry sectors including broadcasting, renewable energy, new media, natural resources, mass timber and more. She has worked in a variety of corporate structures including private, pre-IPO, exempt market and listed companies. She has specialized expertise in market readiness including ESG, investor relations and governance. Her first career was in broadcast television production followed by web-based content production. In 2006 Ms. Goertzen leveraged her background in media into an investor relations career in the resource sector in British Columbia. Since 2010 she has been a principal at Nantucket Capital where she advises a diverse client base including several early-stage companies. She has served as a Director of the Board of Nationwide Self Storage Trusts I through IV since 2017 and is a Board Member of Mission Group Enterprises, an Okanagan real estate development company and fund since 2021. Ms. Goertzen founded Canadian Women in Private Equity and Venture Capital for BC in 2012. She holds the ICD.D designation from University of Toronto's Rotman School of Management and is a Certified Professional in Investor Relations (CPIR), a designation from Western University's Ivey Business School. Annonce • Aug 12
Adcore Inc. Provides Revenue Guidance for the Third Quarter of 2022 Adcore Inc. provided revenue guidance for the third quarter of 2022. For the quarter, the company expected revenue to be in the range of CAD 6.1 million to CAD 6.74 million. Annonce • Aug 03
Adcore Inc. to Report Q2, 2022 Results on Aug 10, 2022 Adcore Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022 Annonce • Jun 11
Adcore Inc. Launches New Blog Focused on Digital Marketing Adcore Inc. announced the launch of its new blog on the Company's website. Adcore believes that its new blog will better serve its growing customer base and provide valuable industry insights. The blog is constantly being updated with the latest industry news and articles and is aligned with the Company's brand identity, vision and mission. The blog aims to help marketing professionals such as chief marketing officers and marketing managers better understand and harness the power of digital marketing technology to grow their businesses. The new blog features a wide variety of popular categories in digital marketing, including: PPC, e- commerce, advertising channels, technology and more. The blog's content is created and delivered through various mediums including traditional blog posts, news reports, videos, "how to" articles and trending topics. Additionally, Adcore's blog will also feature a capital markets section focused on marketing and AdTech, providing industry developments and updates to help readers understand the sector at large. Reported Earnings • May 12
First quarter 2022 earnings released: US$0.01 loss per share (vs US$0.001 loss in 1Q 2021) First quarter 2022 results: US$0.01 loss per share (down from US$0.001 loss in 1Q 2021). Revenue: US$3.71m (down 46% from 1Q 2021). Net loss: US$662.0k (loss widened US$609.0k from 1Q 2021). Annonce • May 07
Adcore Inc. to Report Q1, 2022 Results on May 10, 2022 Adcore Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. COO & Non-Independent Director Roy Nevo is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.014 loss per share (down from US$0.012 profit in FY 2020). Revenue: US$28.0m (up 65% from FY 2020). Net loss: US$277.0k (down 143% from profit in FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.014 loss per share (down from US$0.012 profit in FY 2020). Revenue: US$28.0m (up 65% from FY 2020). Net loss: US$277.0k (down 143% from profit in FY 2020). Revenue was in line with analyst estimates. Board Change • Dec 05
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. COO & Non-Independent Director Roy Nevo is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$0.004 loss per share (vs US$0.005 profit in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and control over costs were weaker. Third quarter 2021 results: Revenue: US$8.28m (up 174% from 3Q 2020). Net loss: US$254.0k (down 185% from profit in 3Q 2020). Annonce • Sep 15
Adcore to Launch the Adcore Marketing Cloud Adcore Inc. announced it will unveil its Adcore Marketing Cloud ("AMC") at a special launch event on September 22, 2021 at 10:30 AM ET. During the event, Adcore management will present its new AMC solution which brings together the Company's four applications under one scalable cloud-based platform. Reported Earnings • Aug 13
Second quarter 2021 earnings released: US$0.009 loss per share (vs US$0.003 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: US$5.69m (up 291% from 2Q 2020). Net loss: US$558.0k (down 499% from profit in 2Q 2020). Annonce • Jul 23
Adcore Inc. Launches Amphy, the Largest Live Learning Marketplace Adcore Inc. announced the official launch of Amphy, the world's most diverse 24/7 live online learning marketplace. Adcore is committed to support the expansion of Amphy through capital investment, technical backing and marketing expertise to ensure its successful launch and ongoing development. Amphy is poised to capitalize on the rapid rise in online learning, particularly `live' learning, which has seen dramatic acceleration as consumers increasingly sought socially distant educational experiences during the COVID-19 pandemic. The platform launched its beta only 6 months ago and has already screened and onboarded 200+ teachers and is actively offering 800 classes across 70 categories to thousands of students. Amphy connects local teachers to a global audience, previously out of reach, while also allowing them full flexibility to set their own pricing and schedules. When they join the virtual Amphy community, teachers gain access to ongoing community events, competitions, enrichment workshops, and promotional opportunities. The often chaotic process of collecting payments, scheduling, sending reminders, and other administrative elements are
automated by Amphy, so teachers can focus on what's important: helping their students learn. Students on Amphy's platform can finally shift away from the static, non-interactive learning offered by pre-recorded classes, to actively participate in live classes tailored to their individual needs. The benefits of Amphy's live approach include a sense of personal connection and belonging with both teachers and peers, accountability that leads to a long-term commitment to lessons, and personalized feedback - like correcting a foreign language pronunciation or having the ability to ask a cooking class teacher in real-time about an ingredient substitution - that can only be gained from live interaction. Amphy features a broad selection of classes on topics ranging from business and language instruction, to cooking and fitness, with particularly strong emphasis on instruction for both kids and young adults, which positions the platform to appeal to a vast addressable market. With Amphy's large portfolio of classes, unique live approach focused on long-term customer engagement and rapidly expanding network of teachers, Adcore expects to rapidly scale and capitalize on the ever-growing shift to online learning. Annonce • Jun 18
Adcore Inc. has completed a Composite Units Offering in the amount of CAD 4.123 million. Adcore Inc. has completed a Composite Units Offering in the amount of CAD 4.123 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 3,100,000
Price\Range: CAD 1.33
Discount Per Security: CAD 0.0931
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,100,000
Security Name: Warrant
Security Type: Equity Warrant
Securities Offered: 1,550,000
Transaction Features: Regulation S; Rule 144A Reported Earnings • May 20
First quarter 2021 earnings released: US$0.001 loss per share (vs US$0.004 profit in 1Q 2020) The company reported a decent first quarter result with improved revenues, although earnings and control over costs were weaker. First quarter 2021 results: Revenue: US$6.81m (up 194% from 1Q 2020). Net loss: US$53.0k (down 123% from profit in 1Q 2020). Reported Earnings • Apr 02
Full year 2020 earnings released: EPS US$0.012 (vs US$0.027 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$17.0m (up 50% from FY 2019). Net income: US$648.0k (down 51% from FY 2019). Profit margin: 3.8% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorated over the past week After last week's 25% share price decline to US$1.58, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 35x in the IT industry in Canada. Total returns to shareholders of 379% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 23% share price decline to US$2.13, the stock is trading at a trailing P/E ratio of 71.3x, down from the previous P/E ratio of 92.8x. This compares to an average P/E of 27x in the IT industry in Canada. Total returns to shareholders over the past year are 233%. Is New 90 Day High Low • Feb 07
New 90-day high: US$1.40 The company is up 180% from its price of US$0.50 on 06 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 20% share price gain to US$1.40, the stock is trading at a trailing P/E ratio of 46.9x, up from the previous P/E ratio of 39.2x. This compares to an average P/E of 47x in the IT industry in Canada. Total returns to shareholders over the past year are 65%. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 28% share price gain to US$1.10, the stock is trading at a trailing P/E ratio of 36.8x, up from the previous P/E ratio of 28.8x. This compares to an average P/E of 49x in the Software industry in Canada. Total returns to shareholders over the past year are 124%. Is New 90 Day High Low • Jan 16
New 90-day high: US$0.99 The company is up 106% from its price of US$0.48 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: US$0.78 The company is up 50% from its price of US$0.52 on 17 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: US$0.67 The company is up 5.0% from its price of US$0.64 on 27 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS US$0.005 The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: US$3.02m (flat on 3Q 2019). Net income: US$300.0k (down 50% from 3Q 2019). Profit margin: 9.9% (down from 20% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Annonce • Nov 06
Adcore Inc. Appoints Martijn Van Den Bemd as General Manager of Adcore North America Adcore Inc. announced that it has appointed Martijn van den Bemd as the new General Manager of Adcore North America. In his new role, Martijn will oversee Adcore's business development and operations in North America and help continue to grow the region's revenues. Martijn's appointment to the Company's Toronto headquarters is a critical step in Adcore's plan to further develop its relationship with the North American investment community by increasing local presence to better serve the community's needs. Martijn brings over 14 years of experience to this key role and a proven track record in managing and building digital marketing companies. Martijn was most recently the Managing Director of RIFF APAC, and prior to that he held several management positions at Tribal Internet Marketing. Is New 90 Day High Low • Oct 27
New 90-day low: US$0.36 The company is down 36% from its price of US$0.57 on 28 July 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: US$0.45 The company is down 26% from its price of US$0.61 on 09 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: US$0.50 The company is down 24% from its price of US$0.66 on 24 June 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period.