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Earnings

Adcore Reports Second Quarter 2025 Results

By The Northwire Desk — AI Analysis Aug 13, 2025 · 08:00 ADCO · 0.26 ADCORE INC. J
ADCO · Price

Executive Summary

  • Adcore Inc. reported financial results for the second quarter ended June 30, 2025, highlighting improved gross margins, a return to positive Adjusted EBITDA, and significant growth in the Asia-Pacific (APAC) region.
  • Revenue remained relatively flat year-over-year, decreasing slightly by 1%, while gross profit increased by 6% due to margin expansion.
  • The company reported a cash balance increase of 23% and announced the beta launch of its new app, Proposaly, aimed at streamlining sales workflows.

Key Details

  • Revenue: CAD$6.5 million for Q2 2025, compared to CAD$6.6 million in Q2 2024 (a 1% decrease).
  • Gross Profit: CAD$3.1 million for Q2 2025, compared to CAD$2.9 million in Q2 2024 (a 6% increase).
  • Gross Margin: Improved to 47% in Q2 2025, up from 44% in Q2 2024.
  • Adjusted EBITDA: Turned positive at CAD$156 thousand for Q2 2025, compared to a negative CAD$173 thousand in Q2 2024.
  • APAC Revenue: CAD$3.6 million for Q2 2025, representing a 35% increase from CAD$2.7 million in Q2 2024.
  • Cash Position: Cash and cash equivalents stood at CAD$9.0 million as of June 30, 2025, up from CAD$7.3 million in Q2 2024 (a 23% increase).
  • Working Capital: CAD$6.3 million for the six months ended June 30, 2025, compared to CAD$7.3 million as of December 31, 2024.
  • Net Loss: CAD$425 thousand for Q2 2025, compared to a net loss of CAD$691 thousand in Q2 2024.
  • Loss Per Share: Basic and diluted loss per share was CAD$0.010 for Q2 2025, compared to CAD$0.011 in Q2 2024.
  • Product Update: CEO Omri Brill announced that the new app, Proposaly, is in its BETA stage, featuring AI-powered proposal creation, payment request documents, and advanced user access management.
  • Conference Call: A webcast and conference call to discuss results was scheduled for Wednesday, August 13, 2025, at 10:00 a.m. ET.

Notable Quotes

  • "In Q2, we saw meaningful improvements in gross margin, Adjusted EBITDA, and the cash balance compared to the prior year's Q2 - all trending in the right direction. This is a testament to Adcore's continued efforts and focus on improving operational efficiency." — Omri Brill, CEO and Founder
  • "Our newest app, Proposaly - now in its BETA stage - is already proving its potential to transform how businesses manage and close deals by streamlining and optimizing sales workflows." — Omri Brill, CEO and Founder
Read the original news release →

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