Northwire Canada EditionFriday, October 23, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Earnings

Adcore Reports Third Quarter 2025 Results

By The Northwire Desk — AI Analysis Nov 13, 2025 · 08:00 ADCO · 0.24 ADCORE INC. J
ADCO · Price

Executive Summary

  • Adcore Inc. reported Q3 2025 revenue of CAD 7.6 M, a 2% decline year‑over‑year, with net loss widening to CAD 448 K.
  • Adjusted EBITDA fell sharply to CAD 122 K from CAD 282 K YoY, reflecting weaker North American performance and lower gross margins.
  • Despite the overall downturn, EMEA revenue grew 25% YoY and APAC revenue increased 7% QoQ (37% YTD), highlighting continued international momentum.

Key Details

  • Revenue: CAD 7,648 K (Q3 2025) vs. CAD 7,844 K (Q3 2024) – 2% decrease.
  • Gross Profit: CAD 3,069 K vs. CAD 3,655 K YoY – 16% decline; gross margin fell to 40% from 47%.
  • Adjusted EBITDA: CAD 122 K vs. CAD 282 K YoY – 56% drop.
  • Net Loss: CAD 448 K vs. CAD 172 K YoY; basic & diluted loss per share ‑0.007 CAD.
  • Regional Revenue Breakdown (Q3 2025):
  • North America: CAD 1,100 K (‑50% YoY)
  • EMEA: CAD 3,000 K (+25% YoY)
  • APAC: CAD 3,500 K (+7% YoY)
  • Operating Expenses:
  • R&D expense down 10% YoY to CAD 491 K.
  • SG&A down 12% QoQ to CAD 2,856 K.
  • Balance Sheet Highlights (Sept 30 2025 vs. Dec 31 2024):
  • Cash & cash equivalents: CAD 7,260 K (‑32%).
  • Total assets: CAD 18,585 K (‑19%).
  • Total liabilities: CAD 7,920 K (‑26%).
  • Shareholders’ equity: CAD 10,665 K (‑11%).
  • Working Capital: CAD 5.85 M vs. CAD 7.30 M at end‑2024.
  • Conference Call: Hosted on Nov 13 2025, 10:00 a.m. ET; registration link provided.

Notable Quotes

“While our third‑quarter topline results reflect a period of transition, I’m encouraged by the underlying strength of our operations and the solid progress we’ve made this year across our key regions and initiatives.” – Omri Brill, CEO & Founder

“Our disciplined cost structure drove meaningful efficiency gains… contributing to a 56% increase in Adjusted EBITDA year‑to‑date.” – Omri Brill

Read the original news release →

More from ADCORE INC. J

Jun 22, 2026 · 08:00

Adcore adds TikTok to its AI ad stack, but margin compression and cash burn remain the real story.

M&A / Property May 14, 2026 · 08:00

Revenue Acceleration Masks Cash Burn and Margin Compression in Q1 2026

Earnings Apr 15, 2026 · 08:00

Adcore AI Push Fails to Mask Fragile Profitability Amidst Slow Revenue Growth

Other Mar 26, 2026 · 07:59

Adcore Concludes Fiscal Year 2025 With Strong Q4 Performance

Earnings Mar 19, 2026 · 08:10

Adcore to Publish Fourth Quarter and 2025 Year End Results on March 26th, 2026

Earnings Mar 02, 2026 · 19:55

Adcore has about $500,000 (Aust.) in January revenue

Production / Operations