Earnings release
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ZOOMD KNOW MORE , DO MORE . NEWS RELEASE ZOOMD REPORTS RECORD 2Q2021 FINANCIAL RESULTS , HIGHLIGHTED BY 97 % YOY REVENUE GROWTH VANCOUVER , BRITISH COLUMBIA , August 24 , 2021 - 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 reported its financial results for the three month ended June 30 , 2021 . The financial statements and MD & A are available on SEDAR under the Company's profile . Key Highlights & Outlook • • • • Revenues increased 97 % YOY , to a quarterly record of $ 11.1M , driven primarily by the onboarding of new clients in recent months , growth with legacy clients and expansion into growth geographies such as Latin America and Asia . Over the past year , the Company has diversified its customer industries to areas such as fintech , gaming , entertainment , and E - commerce . Achieved record positive Adjusted EBITDA of $ 1.3M during the quarter , the highest level since becoming a reporting issuer.¹ Maintaining 2021 revenue growth guidance 30 % to 40 % , reflecting the strong post - pandemic market recovery , the on - boarding of new clients , the launch of new product lines , and strategic M & A activity . Management Commentary The Company achieved record revenues in 2Q21 as the hard work of diversifying its client base , both in sectors and geographies , is beginning to bear fruit . In addition , we are seeing a surge in budgets from our legacy clients , as the post - pandemic economic recovery continues . Furthermore , we continue to focus on profitable clients and continued growth . " Our strong revenue performance in the second quarter demonstrates our ability to grow across new sectors and geographies " said Ofer Eitan , Zoomd's CEO , adding “ in 2021 we have been successful in acquiring new customers in growing industries such as fintech and E - commerce . In a relatively short amount of time , many of these clients have increased their user acquisition budgets with us as they have witnessed impressive returns on their investment . In addition , our recent acquisition of Performance Revenues has thus far proven successful , as we are seeing a robust momentum in the MarTech industry as a whole and Zoomd specifically , driven by the post- pandemic recovery and the growth of new and burgeoning industries . " SELF - SERVE PRODUCTS UPDATE During Q1 2021 , Zoomd announced the official soft launch of its self - serve products including its DSP ( Demand Side Platform ) , Performance model and premium sources ( SaaS ) product . The SaaS product waslaunched with dedicated design partners and is our main self - serve product that reflects our forward - looking vision to offer advertisers the only user acquisition software solution they will need . During the 2nd half of 2021 , we expect to continue the rollout of these products as planned . 1 " Adjusted EBITDA ” is a NON - IFRS financial measure . See " Caution Regarding Non - IFRS Financial Measures ” .