Kidoz Inc.
Record-Breaking Q4 Blows Past Our Expectations
Published: 2/28/2025
Author: FRC Analysts
Sector: AdTech | Industry: Advertising
Ticker Symbols:KIDZ.V - TSX 🔹KDOZF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.24 |
| Fair Value | CAD $0.64 |
| Risk | 4 |
| 52 Week Range | CAD $0.10-0.36 |
| Shares O/S (M) | 131 |
| Market Cap. (M) | CAD $32 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 3.9 |
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Report Highlights
- KIDZ is up 100% since our Q3 update report in November 2024.
- Yesterday, KIDZ reported unaudited Q4-2024 financial results. Q4 revenue increased 23% YoY to $7.4M, the highest quarterly revenue in the company’s history, surpassing our estimate by 22%. Revenue growth was driven by advertisers launching multiple global campaigns on the KIDZ platform during the quarter.
- We were pleasantly surprised by the strong Q4 rebound. Despite management's upbeat guidance, we were cautious in our forecast, given 2024 (9M) revenue was down 10% YoY.
- Gross margins increased 23 pp YoY to 56%, beating our estimate by 10 pp. EPS rose 489% YoY to $0.015, significantly exceeding our forecast of $0.008
- In 2024, YouTube (NASDAQ: GOOGL) and Meta (NASDAQ: META) reported 8% and 22% YoY ad revenue growth, respectively, in 2024, compared to 5% for Kidoz.
- Major digital ad companies
