Adcore (ADCO) AI Stock Analysis

• Market Cap: $18.16M
• Dividend Yield: N/A
• Average Volume (3M): 55.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: 4.22%
• EPS Growth: 42.86%
• Country: CA
• Employees: 54
• Sector: Technology
• Sector Strength: 67
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 60,533,120
• 10 Day Avg. Volume: 27,227
• 30 Day Avg. Volume: 55,062
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.04
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 0.07
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Adcore's overall score is driven by its solid revenue growth and cash reserves, which are offset by ongoing profitability challenges and negative valuation metrics. The positive momentum from recent earnings and strategic focus on AI-driven innovation provide growth opportunities but also highlight the need for sustainable profitability improvements.

Adcore Business Overview & Revenue Model

Company Description

Adcore (ADCO) is a digital advertising technology company that specializes in providing innovative and AI-powered solutions to help businesses optimize their online advertising campaigns. Operating within the digital marketing and advertising sector, Adcore's core products and services include campaign management platforms, automated bidding solutions, and analytics tools designed to enhance the efficiency and effectiveness of digital marketing efforts across various online channels.

How the Company Makes Money

Adcore makes money primarily through subscription fees for its software-as-a-service (SaaS) products, which are used by businesses and marketing agencies to manage and optimize their digital advertising campaigns. The company's revenue streams include recurring subscription fees from clients who use its platforms for campaign management and optimization, as well as potential revenue from consulting services related to digital marketing strategy. Partnerships with major advertising platforms like Google and Facebook also contribute to Adcore's earnings by providing additional channels for its solutions to be utilized within larger advertising ecosystems.

Adcore Financial Statement Overview

Summary

Adcore's financial performance demonstrates operational challenges with declining revenue and negative profitability margins. While the balance sheet is strong with low leverage, cash flow issues and a need for improved operational efficiency are evident.

Income Statement

Adcore's income statement reflects mixed performance. The TTM (Trailing-Twelve-Months) shows a gross profit margin of approximately 44%, indicating solid gross profitability. However, the company is struggling with negative EBIT and net income margins, suggesting operational inefficiencies and lack of profitability. Revenue has declined from the previous year, indicating potential challenges in market positioning or demand.

Balance Sheet

Adcore's balance sheet indicates stability with a low debt-to-equity ratio, reflecting minimal leverage risk. The equity ratio is strong at about 60%, showcasing financial resilience. However, the return on equity is negative due to net losses, which is a concern for investors looking for profitability.

Cash Flow

Cash flow analysis reveals a decline in free cash flow, indicating potential liquidity issues. The operating cash flow to net income ratio is positive, suggesting that operational cash generation is healthier than net income figures suggest. However, the negative free cash flow to net income ratio points to challenges in covering net losses with operational cash flow.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
23.13M	19.69M	27.97M	17.00M	11.30M
	Gross Profit
9.44M	8.49M	8.45M	6.86M	7.29M
	EBIT
-415.00K	1.08M	1.39M	1.89M	1.92M
	EBITDA
360.00K	394.00K	846.00K	1.28M	2.22M
	Net Income Common Stockholders
-944.00K	-2.23M	-277.00K	648.00K	1.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.11M	6.53M	11.06M	8.76M	3.71M
	Total Assets
14.43M	14.54M	17.28M	12.74M	7.76M
	Total Debt
0.00	188.00K	434.00K	393.00K	197.00K
	Net Debt
-6.11M	-6.34M	-10.62M	-8.37M	-3.51M
	Total Liabilities
5.55M	4.81M	5.09M	5.85M	2.17M
	Stockholders Equity
8.87M	9.73M	12.20M	6.88M	5.58M
Cash Flow		Free Cash Flow
-146.00K	-3.78M	-2.41M	4.91M	2.37M
	Operating Cash Flow
849.00K	-2.55M	-1.44M	5.52M	3.03M
	Investing Cash Flow
-995.00K	-1.21M	-931.00K	-682.00K	-93.00K
	Financing Cash Flow
-282.00K	-853.00K	4.67M	211.00K	-215.00K

Adcore Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ADCO, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.27, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.14 is Neutral, neither overbought nor oversold. The STOCH value of 95.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ADCO.

Adcore Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DCBO	71 Outperform	$1.33B	36.06	49.29%	―	21.78%	868.71%
LSPD	63 Neutral	C$2.05B	―	-5.18%	―	23.95%	39.68%
Sector *	60 Neutral	$10.93B	10.46	-6.70%	2.99%	7.54%	-12.22%
ADCO	59 Neutral	$18.16M	―	-6.28%	―	4.22%	42.86%
QNC	51 Neutral	$105.04M	―	-669.49%	―	―	―
BB	50 Neutral	C$2.86B	―	-7.59%	―	-31.15%	30.02%
EAGR	48 Neutral	C$30.17M	9.66	-1.73%	―	-4.44%	-638.10%

Adcore Corporate Events

Adcore Inc. Announces Successful Director Elections and Key Approvals at Shareholders Meeting

Adcore Inc. announced the successful election of its five director nominees during its annual and special shareholders meeting in Toronto. The meeting also saw the approval of key business items, including the appointment of Ziv Haft as the company’s auditor, the amendment of the stock option plan, and the extension of stock option expiry dates for certain insiders. These decisions reflect Adcore’s strategic efforts to strengthen its governance and operational framework, potentially enhancing its market position and stakeholder confidence.

Spark’s Take on TSE:ADCO Stock

According to Spark, TipRanks’ AI Analyst, TSE:ADCO is a Neutral.

Adcore’s stock score reflects its stable yet challenged financial performance, with strong revenue growth and cash reserves offset by negative profitability. Positive momentum from recent earnings and strategic partnerships highlight potential growth opportunities, balancing technical and valuation concerns.

To see Spark’s full report on TSE:ADCO stock, click here.

Adcore Expands APAC Presence with Major Australian Retail Partnership

Adcore has been appointed as the lead digital marketing partner for Global Retail Brands, adding four prominent Australian brands—House, MyHouse, Robins Kitchen, and Baccarat—to its portfolio. This partnership underscores Adcore’s position as a key digital partner for retail brands in Australia, highlighting its capability to deliver results in a dynamic digital landscape and its commitment to driving growth and innovation for its clients.

Spark’s Take on TSE:ADCO Stock

According to Spark, TipRanks’ AI Analyst, TSE:ADCO is a Neutral.

Adcore’s overall score reflects its stable revenue growth and strategic focus on AI-driven innovation. However, ongoing profitability challenges and unfavorable technical and valuation metrics weigh on the stock’s attractiveness. The positive earnings call underscores potential growth opportunities, mitigating some risks.

To see Spark’s full report on TSE:ADCO stock, click here.

Adcore to Present at Planet MicroCap Showcase in Las Vegas

Adcore announced its participation in the Planet MicroCap Showcase in Las Vegas on April 23, 2025. This event provides Adcore an opportunity to present its innovative e-commerce advertising management and automation platform to potential investors and stakeholders, potentially enhancing its market visibility and industry positioning.

Spark’s Take on TSE:ADCO Stock

According to Spark, TipRanks’ AI Analyst, TSE:ADCO is a Neutral.

Adcore’s overall score reflects its mixed financial performance with stable revenue growth but ongoing profitability challenges. The positive earnings call indicates strategic focus and growth potential, especially in the APAC region. However, technical analysis suggests short-term pressure, and the negative valuation metrics highlight the need for sustainable profitability improvements.

To see Spark’s full report on TSE:ADCO stock, click here.

Adcore Reports Record-Breaking Financial Results for Q4 and Year-End 2024

Adcore Inc. reported record-breaking financial results for Q4 and the year-end 2024, with a 24% year-over-year revenue increase and the highest-ever quarterly gross profit of $3.9 million. The company achieved significant growth in adjusted EBITDA and cash flow from operating activities, positioning itself for a strong 2025. With $10.8 million in cash, Adcore plans to expand its international presence and enhance its marketing apps, driven by increasing demand for its solutions.

Adcore to Announce Q4 and Year-End 2024 Financial Results

Adcore Inc. announced it will release its fourth quarter and 2024 year-end financial results on March 26, 2025. The company will host a webcast and conference call to discuss these results, focusing on addressing questions about its performance. This announcement highlights Adcore’s commitment to transparency and provides stakeholders with insights into its financial health and strategic direction.

Adcore Renews Strategic Partnership with Microsoft Advertising for 2025

Adcore has renewed its strategic partnership with Microsoft Advertising for 2025, reaffirming its strong position in digital marketing. This renewal, alongside recent accolades from Microsoft, signals Adcore’s growth trajectory and innovation potential, offering new opportunities for advertisers and underscoring positive implications for stakeholders.

Adcore Australia Wins Best Large PPC Agency at APAC Awards 2025

Adcore Inc., a global leader in AI-powered marketing technology, announced that Adcore Australia has been named the Best Large PPC Agency at the 2025 APAC Search Awards. This recognition highlights the company’s strong performance in the competitive Asia-Pacific region and underscores its commitment to delivering results for its clients. The award is a testament to Adcore’s innovative approach and dedication to staying at the forefront of the digital marketing industry.

Adcore Australia Wins Best Large PPC Agency at 2025 APAC Search Awards

Adcore Australia has been recognized as the Best Large PPC Agency at the 2025 APAC Search Awards, reaffirming its position as a leader in digital marketing across the Asia Pacific region. This accolade highlights Adcore’s continued excellence in the search industry, showcasing its ability to meet the evolving needs of the market and its dedication to delivering exceptional results for its clients.