ZOOMD TECHNOLOGIES ANNOUNCED PRELIMINARY 4Q2021 FINANCIAL RESULTS HIGHIGHTED BY 181% YOY REVENUE GROWTH

Key Highlights

– Revenues in 4Q21 are anticipated to be $18.6M, a 12 months over 12 months enhance of 181%.

– Adjusted EBITDA in 4Q21 is anticipated to be $2.7M, versus ($0.1M) loss in 4Q20.

– Revenues for the complete 12 months 2021 are anticipated to be $52.5M, a 12 months over 12 months enhance of 106%.

– Adjusted EBITDA for the complete 12 months 2021 is anticipated to be $5.7M versus ($2.6M) loss in 2020.

VANCOUVER, BC, March 7, 2022 /PRNewswire/ — Zoomd Applied sciences Ltd. (TSXV: ZOMD) (OTC: ZMDTF) (https://www.zoomd.com) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Firm“), the advertising and marketing tech (MarTech) user-acquisition and engagement platform, in the present day offered preliminary monetary outcomes for the fourth quarter and full 12 months ended December 31, 2021. Report outcomes for 4Q2021 and FY2021 which ends up in $8.3M adjusted EBITDA enhance YOY, these file outcomes have been pushed by the continued materials enhance in advertising and marketing budgets allotted to Zoomd, most notably from the fintech, gaming and ecommerce sectors.

Administration Commentary

“We’re proud to have achieved one other file quarterly revenues and adjusted EBITDA in 4Q21, being the fifth consecutive quarter of progress in each income and adjusted EBITDA” mentioned Ofer Eitan, Zoomd’s CEO, including “the continued enhance in our revenues is a testomony to the sturdy ROI that our clients are witnessing from our know-how and companies. We allow larger time saving, outcomes and effectivity with real-time management, which permits our companions to develop drastically and instantly by demand with restricted extra sources.”

Mr. Eitan concluded by noting that “Our workforce’s deal with diversifying our consumer base by securing new clients, in sectors equivalent to Ecommerce, iGaming, Gaming and Fintech, present fruitful outcomes. Additional, our progress initiatives to broaden into new geographies, equivalent to Latin America and Asia; in addition to attracting giant Fortune 500-type firm clients, are all contributing to progress.”

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About Zoomd:

Zoomd (TSXV: ZOMD) (OTC: ZMDTF), based in 2012 and commenced buying and selling on the TSX Enterprise Trade in September 2019, gives a website search engine to publishers, and a cell app user-acquisition platform, built-in with a majority of world digital media, to advertisers. The platform unifies greater than 600 media sources into one unified dashboard. Providing advertisers, a consumer acquisition management middle for managing all new buyer acquisition campaigns utilizing a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers vital sources that may in any other case be spent consolidating information sources, thereby maximizing information assortment and information insights whereas minimizing the sources spent on the train. Additional, Zoomd is a performance-based platform that enables advertisers to promote to the related goal audiences utilizing a key efficiency indicator-algorithm that’s centered on reaching the advertisers’ targets and targets.

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Trade) accepts duty for the adequacy or accuracy of this launch.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Info relating to the Firm’s future progress prospect and the preliminary unaudited monetary outcomes contained on this press launch might represent forward-looking-information throughout the which means of securities legal guidelines. By their nature, forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. The monetary estimates offered on this press launch is offered to supply early steering on the fourth quarter and full 12 months monetary efficiency of the Firm and readers are cautioned that this data will not be acceptable for every other function. In making ready the monetary estimates, the Firm accomplished an preliminary evaluation of operations for the quarter ended December 31, 2021, nonetheless precise outcomes might differ materially from the monetary estimates offered on this press launch because the monetary outlook has not been audited or reviewed. When counting on the Firm’s forward-looking statements and knowledge to make selections, buyers and others ought to fastidiously take into account the foregoing components and different uncertainties and potential occasions. The Firm has assumed that the fabric components referred to herein is not going to trigger such forward-looking statements and knowledge to vary materially from precise outcomes or occasions. Nevertheless, there could be no assurance that such assumptions will replicate the precise final result of such gadgets or components. Apart from as required underneath securities legal guidelines, we don’t undertake to replace this data at any specific time. Ahead-looking data contained on this press launch, together with with respect to any future progress, relies on our present estimates, expectations and projections, which we imagine are affordable as of the present date. The reader mustn’t place undue significance on forward-looking data and mustn’t depend on this data as of every other date. All forward-looking data contained on this press launch is expressly certified in its entirety by this cautionary assertion.

CAUTION REGARDING FINANCIAL ESTIMATES

The monetary estimates set forth above are based mostly on an preliminary evaluation of the Firm’s operations for the quarter ended December 31, 2021 and are topic to alter. The Firm’s impartial registered public accounting agency, Brightman Almagor Zohar & Co. (Deloitte Member Agency), has not audited, reviewed or carried out any procedures with respect to the accompanying monetary estimates and different information, and accordingly doesn’t specific an opinion or every other type of assurance with respect thereto. They shouldn’t be considered as an alternative to audited monetary statements ready in accordance with typically accepted accounting ideas and will not be essentially indicative of the Firm’s outcomes for any future interval.

CAUTION REGARDING NON-IFRS FINANCIAL MEASURES

This press launch refers to “Adjusted EBITDA” which is a non-IFRS monetary measure that doesn’t have a standardized which means prescribed by IFRS. The Firm’s presentation of this preliminary monetary measure will not be similar to equally titled measures utilized by different firms. This preliminary monetary measure is meant to supply extra data to buyers in regards to the Firm’s estimated outcomes. Adjusted EBITDA is outlined as earnings earlier than curiosity, tax, depreciation and amortization, as adjusted for share-based funds, and is a measure of an organization’s working efficiency. Basically, it is a option to consider an organization’s efficiency with out having to think about financing selections, accounting selections or tax environments. The next desk (all in $US hundreds) reveals the Firm’s Non-IFRS measure (Adjusted EBITDA) reconciled to working revenue for the indicated durations:

Administration makes use of this non-IFRS measure as a key metric within the analysis of the Firm’s efficiency and the consolidated monetary outcomes. The Firm believes Adjusted EBITDA is helpful to buyers of their evaluation of the working efficiency and the valuation of the Firm. Nevertheless, non-IFRS monetary measures will not be ready in accordance with IFRS, and the knowledge is just not essentially similar to different firms and must be thought of as a complement to, not an alternative to, or superior to, the corresponding measures calculated in accordance with IFRS. The references on this press launch to Adjusted EBITDA are forward-looking details about potential monetary efficiency and readers are cautioned that this data will not be acceptable for different functions.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Firm Media Contacts:

Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Web site: www.zoomd.com

Investor relations:

Lytham Companions, LLC
Ben Shamsian
New York | Phoenix | Los Angeles
ZOMD@lythampartners.com

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SOURCE Zoomd Applied sciences Ltd.