VANCOUVER, BC, Oct. 26, 2021 /CNW/ -- Zoomd Technologies
Ltd. (TSXV: ZOMD) (OTC: ZMDTF)
(https://www.zoomd.com) and its wholly-owned subsidiary Zoomd
Ltd. (collectively, "Zoomd" or the "Company"), the marketing tech
(MarTech) user-acquisition and engagement platform, provided an
update to its full year 2021 revenue guidance. The Company now
expects 2021 revenue to increase more than 80% compared to 2020.
The new guidance is an increase from the prior guidance issued by
the Company that revenue will increase between 30% to 40%
year-over-year.
"We are excited to be raising our revenue growth expectations
for 2021 as we see continued strong demand for our user-acquisition
activities from both new and existing clients so far this year,"
said Ofer Eitan, Zoomd's CEO, adding
"driven by our innovative technology, and the results that clients
attain because of it, we are seeing increasing allocation of
advertising budgets to our platform and services. Further, our
growth initiatives to expand into new geographies, such as
Latin America and Asia; new industry categories - including
fintech, gaming and on demand services. Given our increased
visibility, we are comfortable in raising our 2021 revenue growth
guidance and look forward to the continued adoption our innovative
platform going forward."
Details regarding our guidance:
● Growth from new customers, acquired primarily during the
second 2nd half of 2020 through to the beginning of the
year 2021, which are increasing their marketing budgets as they
become more familiar with the platform, the services, and the
results. The growth of these customers have been above our
expectations.
● Growing with existing customers. Zoomd has been seeing
an increased allocation advertising budgets from our existing
customers. Our portion of the total budget has become bigger at the
expense mainly of media's that have been suffering from lower
budgets since iOS 14 and Apple's privacy changes.
● Growth in new regions such as Latin America, Asia, India
and Eastern Europe.
● Growth in emerging industry categories including
fintech, ecommerce, and gaming.
● A successful acquisition of Performance Revenues in
February 2021 that was integrated
faster than expected.
Zoomd expects to release third quarter 2021 financial results in
November 2021.
About Zoomd:
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
DISCLAIMER IN REGARD TO FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements"
and "forward-looking financial outlook" (collectively,
"forward-looking statements") under applicable Canadian securities
legislation. Forward-looking statements include, but are not
limited to, statements with respect to Zoomd's future financial
situation, its expected revenue growth for 2021, its ability to
sucessfuly grow revenue organically and via mergers and
acquisitions, the impact and length of time of the COVID-19
pandemic on global advertising budgets and Zoomd's revenue, its
ability to meet its strategic targets on the development roadmap,
the overall success of the development roadmap, its ability to
realize synergies in connection with the acquisition of Peformance
Revenues and the overall success of the new SaaS product.
Forward-looking statements are necessarily based upon several
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which 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, political and
social uncertainties (including the impacts of the COVID-19
pandemic), 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.
Logo -
https://mma.prnewswire.com/media/1039696/Zoomd_Logo.jpg
For further information please contact:
Company Media Contacts:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Website: www.zoomd.com
Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix | Los
Angeles
ZOMD@lythampartners.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/zoomd-technologies-raises-2021-revenue-guidance---expects-2021-revenue-to-increase-by-at-least-80-yoy-up-from-30---40-in-prior-guidance-301408551.html
SOURCE Zoomd Technologies Ltd.