Highlights
- Kidoz generated 2019 revenue of $4.52 million – exceeding our expectations by 16%. The beat was primarily due to greater than expected ad revenue. (our forecast of $3.37 million versus actual of $3.83 million).
- Operating costs (excluding stock-based compensation) were $2.83 million – a YoY increase of 29%. We had expected operating costs to be 5% lower.
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