Update: March 31, 2021.
When Adcore (TSX:ADCO) CEO and founder Omri Brill told us in late February he was bullish on the company’s business, he meant it.
The digital advertising company has delivered record Q4 and full-year 2020 revenue of $13.3 million and $22.8 million, for growth of 219 per cent and 52 per cent, respectively.
Brill had this to say in a news release:
“We closed out 2020 achieving record revenues of $22.8 million for the full year and $13.3 for the fourth quarter, reflecting a dramatic increase in our direct clients’ e-commerce activities across all regions.
Our company rebounded tremendously from a challenging first half of 2020 to an astonishing all-time high in revenues.
As the pandemic accelerated digital transformation worldwide and gave rise to the stay-at-home economy, we saw a tremendous increase in demand for our technologies as our clients looked for the most effective ways to leverage digital advertising.
The Company remains very bullish for 2021 as it is witnessing this consumer behavior pattern continuing in the first quarter of this year.”
Investors anticipated Adcore’s strong results and sent the stock to an intra-day peak in February of nearly $3.40 a share. The shares have consolidated and have been cut in half since. But they’re still up about six times from where they sat in December.
Click on the video above for our interview with Brill to find out more about this fast-growing company.
Here is our original intro for the interview:
We’re always on the lookout for CEOs who may engage in the odd flight of hyperbole. But our gut tells us that the founder and CEO of Adcore is the real deal.
Put on our radar by Jason Donville and Jesse Gamble, who own the stock at Donville Kent Asset Management, and see strong repeatable growth ahead, Omri Brill’s passion for his baby shines through.
He started this digital advertising company 15 years ago, went public in 2019, just received conditional approval to graduate to the TSX, and Adcore is just now is being discovered by investors, which have sent the stock higher by more than 470 per cent in the last few months.
Brill outlines what makes Adcore different and why the best is yet to come.
Related stories: Get to Know Adcore Ahead of Our Interview with the Founder & CEO
Disclosure: Since the interview with Adcore’s CEO, Mark Bunting bought shares in the company.