Zoomd Technologies Reports Fourth Quarter and Fiscal 2022 … – PR Newswire
Conference call will be held on April 28, 2023 at 11AM ET
VANCOUVER, British Columbia, April 28, 2023 /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 ended December 31, 2022. The Company’s financial statements and management discussion and analysis (“MD&A“) are available on SEDAR under the Company’s profile.
Key Financial Highlights
- Despite global macroeconomic headwinds, revenues in FY2022 remained stable.
- FY2022 adjusted EBITDA was $3.7M, as gross margins were constant.
- Ended FY2022 with a cash balance of $3.8M and no long-term debt.
Management Commentary
Amit Bohensky, Chairman, stated “We were able to slightly grow our revenues and maintain our gross margins in 2022, despite the ongoing global turmoil.
Despite the…
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source: https://news.oneseocompany.com/2023/04/28/zoomd-technologies-reports-fourth-quarter-and-fiscal-2022-pr-newswire_2023042844169.html
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