Board Change • May 20
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. Announcement • 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 Announcement • Apr 29
Adcore Inc., Annual General Meeting, Jun 23, 2026 Adcore Inc., Annual General Meeting, Jun 23, 2026. Location: ontario, toronto Canada Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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 Announcement • 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 Announcement • Feb 24
Adcore Inc., Annual General Meeting, Apr 29, 2025 Adcore Inc., Annual General Meeting, Apr 29, 2025. Location: ontario, toronto Canada 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 37% per year, which means it is performing significantly worse than earnings. Announcement • 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 44% per year, which means it is performing significantly worse than earnings. Announcement • 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 47% per year, which means it is performing significantly worse than earnings. Announcement • 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 Announcement • Apr 10
Adcore Inc., Annual General Meeting, Jun 20, 2024 Adcore Inc., Annual General Meeting, Jun 20, 2024. New Risk • Apr 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.21m (US$9.98m) 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 66% per year over the past 5 years. Market cap is less than US$10m (€9.21m market cap, or US$9.98m). 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 50% per year, which means it has not declined as severely as earnings. Announcement • 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 Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.003 loss in 3Q 2022) Third quarter 2023 results: US$0.002 loss per share (improved from US$0.003 loss in 3Q 2022). Revenue: US$6.08m (up 12% from 3Q 2022). Net loss: US$140.0k (loss narrowed 34% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • 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 Announcement • 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. Announcement • 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 76 percentage points per year, which is a significant difference in performance. Announcement • 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 Announcement • 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. New Risk • Jul 02
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 German stocks, typically moving 10% 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 (10% average weekly change). Earnings have declined by 79% per year over the past 5 years. Market cap is less than US$10m (€8.34m market cap, or US$9.11m). Reported Earnings • May 12
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). Announcement • 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 • Mar 31
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). 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). 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). 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 16
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 06
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). Reported Earnings • Aug 12
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). 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 09
Investor sentiment deteriorated over the past week After last week's 21% share price decline to US$1.33, the stock is trading at a trailing P/E ratio of 64.6x, down from the previous P/E ratio of 81.6x. This compares to an average P/E of 35x in the IT industry in Germany. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 31% share price gain to US$1.81, the stock is trading at a trailing P/E ratio of 71.7x, up from the previous P/E ratio of 54.6x. This compares to an average P/E of 34x in the IT industry in Germany. Is New 90 Day High Low • Feb 15
New 90-day high: €1.38 The company is up 321% from its price of €0.33 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 59% share price gain to US$1.21, the stock is trading at a trailing P/E ratio of 46.9x, up from the previous P/E ratio of 29.4x. This compares to an average P/E of 32x in the IT industry in Germany. Is New 90 Day High Low • Jan 27
New 90-day high: €0.88 The company is up 203% from its price of €0.29 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: €0.62 The company is up 115% from its price of €0.29 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 16% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: €0.47 The company is up 33% from its price of €0.35 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 23% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: €0.41 The company is up 6.0% from its price of €0.39 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 25% over the same period. Reported Earnings • Nov 15
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. 
