Zedcor Inc.: A Game Changer in Security Technology
Calgary, Alberta – Zedcor Inc. (TSXV: ZDC), a leading provider of advanced security solutions, recently released its financial and operating results for the three and twelve months ended December 31, 2024. The Company’s impressive performance is a testament to its innovative technology and strategic growth.
Financial Highlights
Zedcor reported record-breaking revenue of $10.3 million for the fourth quarter of 2024, marking a 78% year-over-year increase and a 12% quarter-over-quarter growth. This growth was driven by the deployment of MobileyeZTM security towers throughout North America, which realized total fleet utilization rates above 90% for the quarter.
The Company’s Adjusted EBITDA for the same period was $4.0 million, representing a staggering 185% year-over-year increase and a 18% quarter-over-quarter growth. The Adjusted EBITDA margin also increased to 39%, despite significant scaling costs in the U.S. The strong contribution margins in Canada and increased operational efficiency from its AI at-the-edge cameras played a significant role in this achievement.
Operational Highlights
During the three months ended December 31, 2024, Zedcor deployed 186 MobileyeZTM security towers, and in the twelve months ended December 31, 2024, it deployed 512 towers. These towers, which utilize advanced AI technology, have been instrumental in providing enhanced security solutions to clients.
U.S. revenue exceeded 20% of total revenues for Q4 2024, indicating a growing market presence for Zedcor in the region. The Company also expects to be largely insulated from tariffs, as manufacturing is based in Houston, Texas, and camera costs have been locked in for 2025.
Impact on Consumers
The deployment of Zedcor’s MobileyeZTM security towers throughout North America signifies a significant stride towards enhancing security and safety for consumers. With advanced AI technology, these towers can detect and respond to potential threats in real-time, providing peace of mind for individuals and businesses alike.
Impact on the World
Zedcor’s impressive financial and operational results are a clear indication of the growing demand for advanced security solutions. With the increasing number of security threats, both physical and cyber, the need for innovative and effective security solutions has never been greater. The deployment of AI-powered security systems like Zedcor’s MobileyeZTM towers can help mitigate these risks and contribute to a safer world.
Conclusion
Zedcor Inc.’s financial and operating results for the three and twelve months ended December 31, 2024, highlight the Company’s commitment to innovation and growth. With the deployment of advanced AI-powered security towers throughout North America, Zedcor is poised to make a significant impact on the security industry and contribute to a safer world for consumers.
- Record-breaking revenue of $10.3 million in Q4 2024, representing a 78% year-over-year increase and a 12% quarter-over-quarter growth
- Adjusted EBITDA of $4.0 million in Q4 2024, representing a 185% year-over-year increase and a 18% quarter-over-quarter growth
- Deployment of 512 MobileyeZTM security towers throughout North America in 2024
- U.S. revenue exceeded 20% of total revenues for Q4 2024
- Expectations of being largely insulated from tariffs due to Houston, Texas manufacturing and locked-in camera costs for 2025
The deployment of these advanced security solutions can provide peace of mind for individuals and businesses, contributing to a safer world in the face of growing security threats.
