Zoomd Technologies Ltd. Provides Earnings Guidance for the Second Quarter of 2021 and Maintains Revenue Guidance for 2021
July 26, 2021 at 07:00 pm IST
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Zoomd Technologies Ltd. provided earnings guidance for the second quarter of 2021 and maintains revenue guidance for 2021. For the quarter, the company expects revenues to be $11.1 million, a year over year increase of 96%. Operating profit is expected to be $0.6 million versus a $1.44 million loss a year ago.
The company maintains its 2021 revenue growth guidance of 30% to 40%, reflecting the strong post-pandemic market recovery, the on-boarding of new clients, the launch of new product lines, and strategic M&A activity.
Zoomd Technologies Ltd. (ZOMD) offers a mobile application user-acquisition platform, integrated with many global digital media outlets, to advertisers. Zoomd is a performance-based platform, which allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm, which is focused on achieving the advertisersâ goals and targets. The platform unifies approximately 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. Its products include Skipper-Navigate Your User Acquisition (UA), Mobile Demand Side Platform, UA Managed Services and Creators Generated Content. Skipper-Navigate Your UA creates, tracks, automates, and optimizes multiple campaigns, simultaneously, from one centralized dashboard. The Company offers its services through its agents and other business partners all over the globe. Its subsidiary is Zoomd Ltd.
ZOOMD TECHNOLOGIES LTD. 
