The following is a summary of the Adcore Inc. (ADCOF) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• Adcore's Q3 2024 revenue slightly decreased to $7.8 million from $8.2 million in Q3 2023.

• Gross profit increased by 12% year-over-year, reaching $3.7 million in Q3 2024.

• Gross margin improved significantly from 40% in Q3 2023 to 47% in Q3 2024.

• Adjusted EBITDA was CAD $282,000 in Q3 2024, reflecting an increase of 18% from the same period in 2023.

Business Progress:

• There was strong growth in North America with a 30% increase in revenue, becoming the second largest market for Adcore.

• APAC region also saw a significant revenue growth of 26%.

• Significant strategic focus on technology and AI, with new applications being developed, emphasizing low-touch, high-efficiency approaches.

Opportunities:

• The anticipated growth of North America market to become the largest revenue contributor by 2025 presents an opportunity for Adcore.

• New client acquisition in North America and APAC, contributing to revenue growth, indicates expanding market presence.

• Development and impending launch of a new advanced application may open new market opportunities and enhance client engagement.

Risks:

• Decreased EMEA revenue due to geopolitical issues suggests a risk of regional instability affecting operations.

• The decline in top-line revenue, despite an increase in gross profit, may indicate potential challenges in scaling or market saturation.

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