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Adcore Inc., an advertising technology company, provides smart algorithm-powered automation tools and reporting and analytics to digital advertisers worldwide. The company offers technology platforms, such as Feeditor offers advertisers online shopping automation capabilities; Feeditor Plus, a solution for enterprise and agencies that manages feeds, eliminates extended loading times and glitches, and Create shopping ads; Media Blast that controls advertising accounts; and Couponer, a mobile app designed to help users discover and redeem various coupons and promotional offers. It also provides Alerter, a 24/7 real-time monitoring of digital assets, such as the website, data feeds, and advertising accounts; Semdoc that analyze ads account performance; Views that build, optimize, and automate campaigns; Effortless Feed which automatically generates and optimizes a shopping product feed from your shopify store, as well as streamline and automate your sales process by integrating presentations, proposal creation, legal agreements, payments, and project updates into one platform through Proposaly. Adcore Inc. was founded in 2005 and is based in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Adcore Inc (ADCO.TO) is a digital advertising technology and services company offering automated campaign management and data‑driven marketing solutions. Long-term growth may be supported by rising online ad spending, greater adoption of marketing automation and demand from small and midsize advertisers, making it a way to gain exposure to ad‑tech trends.
Material risks include intense competition from large platforms and ad-tech vendors, sensitivity to regulatory and privacy changes affecting targeting and measurement, and execution and liquidity constraints common among smaller public companies.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -0.96M | -0.69M | -0.95M | -2.19M | 0.04M |
| Net income | -0.98M | -0.54M | -0.94M | -2.23M | -0.28M |
| Selling general administrative | 8.45M | 5.64M | 5.49M | 5.28M | 4.51M |
| Selling and marketing expenses | - | 2.73M | 2.86M | 2.13M | 1.49M |
| Gross profit | 8.31M | 9.88M | 9.44M | 8.49M | 8.45M |
| Reconciled depreciation | 1.14M | 1.14M | 0.78M | 0.83M | 0.68M |
| Ebit | -0.71M | -0.48M | -0.41M | 1.08M | 1.39M |
| Ebitda | 0.45M | 0.65M | 0.36M | 1.91M | 2.07M |
| Depreciation and amortization | 1.16M | 1.14M | 0.78M | 0.83M | 0.68M |
| Operating income | -0.71M | -0.48M | -0.41M | 1.08M | 1.39M |
| Other operating expenses | 24.95M | 24.18M | 23.55M | 20.13M | 27.14M |
| Interest expense | 0.39M | 0.08M | 0.10M | 3.28M | 0.48M |
| Tax provision | 0.03M | -0.14M | -0.01M | 0.04M | 0.32M |
| Interest income | - | 0.20M | 0.04M | 1.76M | 0.70M |
| Net interest income | -0.09M | -0.08M | -0.10M | -0.01M | 0.48M |
| Income tax expense | 0.03M | -0.14M | -0.01M | 0.04M | 0.32M |
| Total revenue | 24.25M | 23.70M | 23.13M | 19.69M | 27.97M |
| Total operating expenses | 9.02M | 10.36M | 9.85M | 8.93M | 7.62M |
| Cost of revenue | 15.93M | 13.82M | 13.70M | 11.20M | 19.52M |
| Total other income expense net | -0.25M | -0.20M | -0.54M | -3.28M | -1.35M |
| Net income from continuing ops | -0.97M | -0.54M | -0.94M | -2.23M | -0.28M |
| Net income applicable to common shares | - | -0.54M | -0.94M | -2.23M | -0.28M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 15.71M | 16.27M | 14.43M | 14.54M | 17.28M |
| Intangible assets | 3.36M | 2.87M | 3.09M | 2.63M | 1.98M |
| Other current assets | - | - | 0.41M | - | - |
| Total liab | 8.23M | 7.91M | 5.55M | 4.81M | 5.09M |
| Total stockholder equity | 7.48M | 8.36M | 8.87M | 9.73M | 12.20M |
| Other current liab | 1.62M | - | 1.63M | 0.88M | 0.67M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -2.76M | -1.80M | -1.26M | -0.32M | 1.92M |
| Other liab | - | - | - | 0.17M | 0.48M |
| Other assets | - | - | - | 0.00M | 0.03M |
| Cash | 7.48M | 7.50M | 6.11M | 6.53M | 11.06M |
| Cash and equivalents | - | - | - | 6.53M | 11.06M |
| Total current liabilities | 7.89M | 7.44M | 5.40M | 4.64M | 4.39M |
| Net debt | -6.99M | - | -6.11M | -6.34M | -10.62M |
| Short term debt | 0.16M | - | - | 0.19M | 0.22M |
| Short long term debt total | 0.50M | - | - | 0.19M | 0.43M |
| Other stockholder equity | 10.31M | - | 10.20M | 10.12M | 10.36M |
| Property plant equipment | - | - | - | 0.44M | 0.69M |
| Total current assets | 11.58M | 12.49M | 11.14M | 11.47M | 14.59M |
| Net tangible assets | - | - | - | 7.10M | 10.22M |
| Net receivables | 4.10M | 4.56M | 5.03M | 4.95M | 3.53M |
| Long term debt | - | - | - | - | 0.00M |
| Inventory | - | - | -0.41M | - | - |
| Accounts payable | 6.10M | 5.67M | 3.77M | 3.57M | 3.50M |
| Accumulated other comprehensive income | -0.07M | - | -0.07M | -0.07M | -0.08M |
| Non currrent assets other | - | - | - | - | 0.03M |
| Non current assets total | 4.13M | 3.78M | 3.29M | 3.07M | 2.70M |
| Capital lease obligations | 0.50M | 0.60M | 0.00M | 0.19M | 0.43M |
| Long term debt total | - | - | - | 0.00M | 0.21M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.98M | -0.99M | -1.21M | -0.93M |
| Change to liabilities | - | - | - | -0.03M | -0.19M |
| Total cashflows from investing activities | -1.50M | -0.98M | -0.99M | -1.21M | -0.93M |
| Net borrowings | -0.11M | -0.04M | -0.19M | -0.25M | -0.36M |
| Total cash from financing activities | -0.10M | -0.06M | -0.28M | -0.85M | 4.67M |
| Change to operating activities | - | - | - | 0.51M | -0.63M |
| Net income | -0.97M | -0.54M | -0.94M | -2.23M | -0.28M |
| Change in cash | -0.00M | 1.40M | -0.42M | -4.53M | 2.29M |
| Begin period cash flow | 7.86M | 6.11M | 6.53M | 11.06M | 8.76M |
| End period cash flow | 7.48M | 7.50M | 6.11M | 6.53M | 11.06M |
| Total cash from operating activities | 1.59M | 2.43M | 0.85M | -2.55M | -1.44M |
| Issuance of capital stock | - | - | - | 0.00M | 3.03M |
| Depreciation | 1.14M | 1.14M | 0.78M | 0.83M | 0.68M |
| Other cashflows from investing activities | 0.13M | -0.77M | -0.98M | 0.03M | 0.04M |
| Change to inventory | - | - | 0.65M | - | - |
| Change to account receivables | 0.90M | 0.04M | 0.01M | -1.72M | -1.14M |
| Sale purchase of stock | 0.00M | -0.02M | -0.09M | -0.61M | 5.02M |
| Other cashflows from financing activities | -0.03M | - | -0.99M | -1.21M | 1.99M |
| Change to netincome | - | - | - | 0.10M | 0.12M |
| Capital expenditures | 0.03M | 0.98M | 0.99M | 1.23M | 0.97M |
| Change in working capital | 1.35M | 1.79M | 0.85M | -1.24M | -1.96M |
| Stock based compensation | 0.06M | 0.05M | 0.18M | 0.37M | 0.81M |
| Other non cash items | 0.01M | - | -0.01M | -0.27M | -0.70M |
| Free cash flow | 1.59M | 1.45M | -0.15M | -3.78M | -2.41M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ADCO Adcore Inc |
0.01 3.57% |
0.14 | - | - | 0.58 | 1.33 | 0.13 | 6.77 |
| SHOP Shopify Inc |
13.51 6.75% |
213.70 | 138.91 | 70.92 | 20.17 | 12.93 | 14.73 | 88.85 |
| CRM Salesforce CDR (CAD Hedged) |
0.44 2.61% |
17.28 | 23.21 | 13.57 | 4.11 | 2.47 | 3.85 | 12.75 |
| NOWS ServiceNow CDR (CAD Hedged) |
-0.02 0.14% |
13.85 | 323.25 | 114.94 | 38.22 | 38.75 | 7.52 | 33.05 |
| CSU Constellation Software Inc. |
57.38 1.67% |
3495.38 | 78.75 | 16.39 | 4.74 | 11.45 | 3.77 | 17.00 |
Adcore Inc., an advertising technology company, provides smart algorithm-powered automation tools and reporting and analytics to digital advertisers worldwide. The company offers technology platforms, such as Feeditor offers advertisers online shopping automation capabilities; Feeditor Plus, a solution for enterprise and agencies that manages feeds, eliminates extended loading times and glitches, and Create shopping ads; Media Blast that controls advertising accounts; and Couponer, a mobile app designed to help users discover and redeem various coupons and promotional offers. It also provides Alerter, a 24/7 real-time monitoring of digital assets, such as the website, data feeds, and advertising accounts; Semdoc that analyze ads account performance; Views that build, optimize, and automate campaigns; Effortless Feed which automatically generates and optimizes a shopping product feed from your shopify store, as well as streamline and automate your sales process by integrating presentations, proposal creation, legal agreements, payments, and project updates into one platform through Proposaly. Adcore Inc. was founded in 2005 and is based in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Omri Brill | Founder, Pres, CEO & Chairman | 1974 |
| Mr. Yatir Sadot CPA | Chief Financial Officer | NA |
| Mr. Roy Nevo | COO & Non-Independent Director | 1975 |
| Mr. Jason A. Saltzman | External Legal Counsel | 1971 |
| Mr. Vadim Malkin | Chief Technology Officer | NA |
| Mr. Yossi Elchanan | Chief Marketing Officer | NA |
| Mr. Gal Itkin | Head of Adcore Greater China | NA |
| Ms. Lilach Kroll | Head of Digital Advter. | NA |
| Mr. Martijn Van den Bemd | Chief Partnership Officer | NA |
| Ms. Lilach Shazar | Head of Digital Advter. | NA |
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