Kidoz Inc.
YouTube & Meta's Q1 Ad Surge Signals Bright Prospects for 2024
Published: 4/30/2024
Author: FRC Analysts
Sector: AdTech | Industry: Advertising
Ticker Symbols:KIDZ.V - TSX 🔹KDOZF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.23 |
| Fair Value | CAD $0.74 |
| Risk | 4 |
| 52 Week Range | CAD $0.10-0.36 |
| Shares O/S (M) | 131 |
| Market Cap. (M) | CAD $30 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 4.2 |
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Report Highlights
- In 2023, revenue dropped 12% YoY, falling 8% below our estimate due to clients delaying or not renewing ad campaigns.
- However, gross margins were very close to our estimate, and G&A expenses were 4% lower than our estimate.
- EPS declined YoY, from -$0.01 to -$0.02, falling short of our estimate of -$0.01.
- The downturn in revenue was partially attributable to a shift in sales strategy within the U.S. KIDZ pivoted away from relying solely on resellers to prioritizing direct sale
