Canada's Zoomd Technologies Q2 revenue falls sharply on operating model changes

Zoomd Technologies

31/08/2026 12:39

Overview
Canada MarTech platform's Q2 revenue fell 61% yr/yr due to changes at major customers
Q2 net income and EBITDA declined sharply from Q2 2025
Company repurchased and cancelled 131,000 shares under NCIB program

Outlook
Company did not provide specific guidance for the current quarter or full year in press release

Result Drivers
CUSTOMER MODEL CHANGES - Co said revenue decline was due to operating model changes at two major customers, with recent improvement in activity from one
EFFICIENCY INITIATIVES - Co attributed lower operating expenses to ongoing efficiency and cost optimization measures, including increased use of AI-developed tools
GROWTH INVESTMENT - Co said it continued to invest in business development and customer engagement despite lower revenues

Company press release: ID:nPn2vtmgCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$7.70 mln
 
Q2 Gross Margin
 
43.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advertising & marketing peer group is "buy"
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)