Earnings release
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ZOOMD KNOW MORE , DO MORE . ZOOMD DELIVERED A FOURTH CONSECUTIVE QUARTER OF GROWTH IN BOTH REVENUE AND ADJUSTED EBITDA , ACHIEVING AN ADJUSTED EBITDA OF OVER US $ 3M FOR THE NINE MONTHS ENDED SEPTEMBER 30 , 2021 - A NEAR US $ 5M INCREASE COMPARED TO THE SAME PERIOD IN 2020 Achieving a record revenue growth rate of 141 % YOY and Adjusted EBITDA of US $ 1.6M in Q3-2021 ( compared to ( US $ 0.9 ) in Q3-2020 ) ¹ VANCOUVER , BRITISH COLUMBIA , November 22 , 2021 Zoomd Technologies Ltd. ( TSXV : ZOMD ) ( OTC : ZMDTF ) ( “ Zoomd ” or the “ Company ” ) , a leading provider of an online advertising robust marketing platform that focuses on improving customers user acquisition campaigns , reported its financial results for the three and nine - month period ended September 30 , 2021 today . The financial statements and MD & A are available on SEDAR under the Company's profile . Ofer Eitan , Zoomd's CEO , commented , " we achieved a new record in Q3 2021 as our focus on diversifying our client base , both with respect to sectors and geographies , is beginning to bear fruit . We are seeing a surge in budgets from our legacy clients that are looking to expand their acquisition sources , as the post - pandemic recovery continues and privacy limitations start affecting advertisers ROI's . The strong revenue growth is producing positive adjusted EBITDA and cash flows , demonstrating the strength of our business and strategic positioning " . Ofer further added , “ we see continued to experience strong demand for our user - acquisition products and services from both new and existing clients , driven by our innovative technology , and the great results our existing clients are achieving with our technology . We are seeing an increase within the allocation of advertising budgets to our platform and services , which we consider to be a direct result on the Company's ability to mitigate against the impacts of the major iOS 14 , 15 rollout and other new market privacy limitations rolled out , as well as announced or potentially contemplated but yet to be announced , by Apple and Google that may come in the future . " 1 " Adjusted EBITDA ” is a NON - IFRS financial measure . See " Caution Regarding Non - IFRS Financial Measures ” .