Editoria e Media
Zoomd Reports Record Fourth Quarter and Fiscal 2021 Financial Results, with a record of $53M revenues. Expects Fiscal 2022 Revenues of $74M to $80M
Zoomd expects revenues growth in fiscal 2022 to be in a range of $74M to $80M , representing a year-over-year growth of up to approximately 50%. The outlook is based on certain assumptions, each of which management considers to be reasonable which are set out in the MD&A.
4Q21 was another record quarter for Zoomd, which capped off a record year in FY2021. During 2021, we continued focusing our efforts on diversifying our client base, both in sectors and geographies. We were successful in securing top tier clients in hypergrowth sectors such as Fintech, Gaming, iGaming, and Ecommerce. In addition, we are seeing a surge in budgets from our legacy clients, as the post-pandemic recovery continues. The strong revenue growth is producing solid positive adjusted EBITDA and cash flows, demonstrating the leverage in our business model.
The strong momentum from 2021 has sustained in 2022. Our clients are continuing to succeed and increase their budgets with us, and we have a strong pipeline of new customers. In addition, in March of 2022, we announced the acquisition of Albert, a U.S.-based artificial intelligence marketing platform for advertisers, driving fully autonomous digital campaigns for some of the world's leading brands. Adding several Fortune 500 customers that will now be able to use our products and services. Our visibility into revenues going forward has a good prospect, and that is why we are introducing our 2022 revenue guidance range of $74M to $80M , which represents up to approximately 50% year over year growth.
"We are excited to announce our 2021 achievements and 2022 revenue guidance, as we see continued strong demand for our user-acquisition activities from both new and existing clients" said Ofer Eitan , Zoomd's CEO. "Our talented team and innovative platforms are continuing to provide strong ROI for our clients all over the globe, resulting increased allocation of advertising budgets. Zoomd is taking share in the growing marketing technology space and expects to accelerate that share gain in 2022".
[1] "Adjusted EBITDA" is a NON-IFRS financial measure. See "Caution Regarding Non-IFRS Financial Measures".
During 2021, the company has accomplished the planed milestones for the launch of its self-serve products. The milestones include the launch of the beta version, onboarding design partners and soft launches.
Zoomd's products use various business models based on performance, transparency and SaaS-based solutions. These products feature fully self-managed options in different media channels. In addition, the recent acquisition of Albert by the Company provides further strengthening for Zoomd's future growth plans.
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During 2021 and following Apple's privacy changes, user acquisition costs kept on rising on Facebook, Google and other global internet leaders. Zoomd's platform and business logic of a wide range and variety of media integrations using a single platform drove new customers to try new and different media channels rather than the common global social media channels. Using the Zoomd platform, customers can drive customer acquisition in new media channels to lessen the impact of the recent privacy change.
Amit Bohensky , Founder and Chairman, will hold a conference call to discuss the quarter's financial results at 11:00 a.m. (Eastern Time) on May 2, 2022.
Interested parties can listen via a live webcast, from the link available in the Investors section of the Company's website at https://zoomd.com/investors/ or at https://app.webinar.net/BQ5o4odDrVP.
A replay will be available after the call, in the Investors section of the Company's website at https://zoomd.com/investors/ or via https://app.webinar.net/BQ5o4odDrVP.
Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX Venture Exchange in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a majority of global digital media, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers, a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers' goals and targets.
This press release refers to "Adjusted EBITDA" which is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. The Company's presentation of this preliminary financial measure may not be comparable to similarly titled measures used by other companies. This preliminary financial measure is intended to provide additional information to investors concerning the Company's estimated results. Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, as adjusted for share-based payments, and is a measure of a company's operating performance. Essentially, it's a way to evaluate a company's performance without having to factor in financing decisions, accounting decisions or tax environments.
Management uses this non-IFRS measure as a key metric in the evaluation of the Company's performance and the consolidated financial results. The Company believes Adjusted EBITDA is useful to investors in their assessment of the operating performance and the valuation of the Company. However, non-IFRS financial measures are not prepared in accordance with IFRS, and the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with IFRS. A reconciliation of Adjusted EBITDA and operating profit is available in Zoomd's MD&A located on the Company's profile at www.sedar.com which is incorporated by reference into this press release.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to Zoomd's 2022 revenue outlook, its future ability to successfully continue its growth, its ability to continue to deliver products and services largely unimpacted by the privacy updates undertaken (or will be undertaken in the future) by Google and Apple as well as its ability to continue expanding into new geographies and industries. Forward-looking statements are based on our current assumptions, estimates, expectations and projections that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, technological, legal, privacy matters, political and social uncertainties (including the impacts of the COVID-19 pandemic and the current war in Ukraine ), the extent and duration of which are uncertain at this time on Zoomd's business and general economic and business conditions and markets. There can be no assurance that any of the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.
Company Media Contacts:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Website: www.zoomd.com
Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com