Zedcor Inc. reports strong financial and operating results for Q2 2024

Calgary, Alberta–(Newsfile Corp. – August 13, 2024)

Zedcor Inc. (TSXV: ZDC) (“Zedcor” or the “Company”) today announced its financial and operating results for the three and six months ended June 30, 2024.

Highlights of the report include the following:

– Record quarterly revenue of $7.4 million, representing an increase of 20% quarter-over-quarter

– Record quarterly Adjusted EBITDA of $2.7 million, representing 37% of revenue and an increase of 42% quarter-over-quarter

– Deployment of 178 MobileyeZTM security towers throughout North America with a total fleet utilization rate above 90% for the quarter, including near 100% utilization rate in the United States

– Building a backlog of demand and expanding the Company’s platform to support a growing customer base in Canada and the United States

Zedcor Inc. generated revenues of $7.4 million and $13.5 million for the three and six months ended June 30, 2024, respectively, and reported Adjusted EBITDA of $2.7 million and $4.6 million.

These impressive results demonstrate Zedcor Inc.’s continued growth and success in the security industry, positioning the Company as a leader in mobile security solutions.

How will this affect me?

As a shareholder or potential investor, the strong financial and operating results reported by Zedcor Inc. indicate a positive outlook for the Company’s future. The record quarterly revenue and Adjusted EBITDA reflect the Company’s ability to drive growth and profitability, potentially leading to an increase in stock value and returns for investors.

How will this affect the world?

The success of Zedcor Inc. in deploying MobileyeZTM security towers across North America and expanding its customer base signifies a growing demand for advanced security solutions in today’s world. This development highlights the importance of innovative technologies in ensuring safety and security, contributing to a more secure environment for individuals and businesses worldwide.

Conclusion

Zedcor Inc.’s strong financial and operating results for Q2 2024 demonstrate the Company’s ability to drive growth, profitability, and innovation in the security industry. With record revenues, Adjusted EBITDA, and deployment of security towers, Zedcor Inc. is poised for continued success and expansion in the evolving landscape of security solutions.