Key Highlights
– Revenues in 4Q21 are expected to be $18.6M, a year over year increase of 181%.
– Adjusted EBITDA in 4Q21 is expected to be $2.7M, versus ($0.1M) loss in 4Q20.
– Revenues for the full year 2021 are expected to be $52.5M, a year over year increase of 106%.
– Adjusted EBITDA for the full year 2021 is expected to be $5.7M versus ($2.6M) loss in 2020.
Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) (https://www.zoomd.com) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company“), the marketing tech (MarTech) user-acquisition and engagement platform, today provided preliminary financial results for the fourth quarter and full year ended December 31, 2021. Record results for 4Q2021 and FY2021 which leads to $8.3M adjusted EBITDA increase YOY, these record results were driven by the continued material increase in marketing budgets allocated to Zoomd, most notably from the fintech, gaming and ecommerce sectors.
Management Commentary
“We are proud to have achieved another record quarterly revenues and adjusted EBITDA in 4Q21, being the fifth consecutive quarter of growth in both revenue and adjusted EBITDA” said Ofer Eitan, Zoomd’s CEO, adding “the continued increase in our revenues is a testament to the strong ROI that our customers are witnessing from our technology and services. We enable greater time saving, results and efficiency with real-time control, which allows our partners to grow greatly and immediately by demand with limited additional resources.”
Mr. Eitan concluded by noting that “Our team’s focus on diversifying our client base by securing new customers, in sectors such as Ecommerce, iGaming, Gaming and Fintech, show fruitful results. Further, our growth initiatives to expand into new geographies, such as Latin America and Asia; as well as attracting large Fortune 500-type company customers, are all contributing to growth.”
Check Out the New Martech Cube Podcast. For more such updates, follow us on Google News Martech News