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Kidoz Achieves Remarkable Q2 With Record Revenue of $2.81 Million

Posted by Nicole Rojas at 3:05 PM on Thursday, October 19th, 2023

Discover the impressive financial performance of Kidoz Inc. (TSXV:KIDZ) as they continue to excel in the mobile AdTech industry. In a ground-breaking interview, Kidoz CEO, Jason Williams, provides insights into the company’s Q2-23 results. With total revenue of $2.81 million, marking a 12% increase compared to Q2 2022 and a remarkable 68% surge compared to Q1 2023, Kidoz is setting new standards for success.

 

The interview highlights key achievements, including a staggering 723% growth in Programmatic Ad Tech Revenue. Kidoz’s strategic investments in technology and operations have borne fruit, with an enhanced operating margin of 44% in Q2 2023 compared to 39% in Q2 2022.

 

A major milestone for Kidoz during the quarter was the successful collaboration with industry giants McDonald’s and Disney, resulting in a highly engaging “AAA” Game-Ad. This interactive unit garnered over 35% of impressions engaging with the Game Ad for more than 1 minute on average, generating significant interest in Disney’s Elementals movie release.

 

With Jason Williams’ strategic insights and Kidoz’s history of strong second-half performance, the company is poised for record-breaking success in the upcoming quarters of 2023. This interview is a must-watch for investors, industry enthusiasts, and anyone interested in the cutting-edge developments of the mobile AdTech landscape.

VIDEO – Following Record Q4 Logiq Reports Over $37M In Revenue For FY2021

Posted by Aidi Munoz at 5:03 PM on Thursday, April 14th, 2022
Logic logo 300x100

Why watch this interview? Here’s 37.3 MILLION Reasons….

The AGORACOM of the e-commerce world.  AGORACOM helps small-mid cap companies win the attention of investors … Logiq helps SMB’s compete against megabrands in e-commerce

The global e-commerce market surpassed $9 TRILLION in 2019 … and is scheduled to grow by a CAGR of 14% into 2027 … But mega brands control almost 70% of the US market alone and are using their strength to win even more market … making it harder for SMBs to compete in this massive market.

Logiq is an award-winning e-commerce and fintech solutions company that is addressing that problem by helping drive e-commerce for SMBs around the world …

Financial Highlights

● FY21 reveneue $37.3 million

● Excluding AppLogiq, Logiq FY21 revenues rose 51.8% to $23 million.

● FY21 gross profit increased 73.8% YOY hitting $11.1 million

● FY21 gross margin percentage increased significantly to 29.6% versus 16.8% 

● Record 4Q-21 revenue exceeds Company’s projection .. 2X YOY to $13.1 million

● Projects 2022 revenue up 30% YOY to $50-$75 million, profitability in early 2023

Late last month Research Capital initiated covered on Logiq Inc with a buy rating and price target of USD $2.20. The firm stated:

A Correction in Digital Marketing Sector Valuations Creates an Attractive Entry Point for Long-term Investors.

Research Capital further states …

We expect Logiq’s revenue to grow by around 36% (CAGR) over the next three years.

We view the current stock price to be undervalued. …  we note that Logiq trades at a significant discount.

Now sit back, relax and watch this powerful interview. https://www.youtube.com/watch?v=9xRU9KnCM-g