Announcing Record Full Year 2022 Financial Results

📣 Anouncing record full year 2022 financial results with total revenue of $15M!

Financial highlights from fiscal 2022 include:

✅ Total Revenue of $15,097,056 an increase of 21% over fiscal 2021 Total Revenue of $12,484,639

✅ Direct Ad Tech Advertising Revenue of $14,425,918 an increase of 18% over

✅ Direct Ad Tech Advertising Revenue of $12,194,518 for fiscal 2021.

✅ Programmatic Ad Tech Advertising Revenue of $361,394, an increase of 518% over Programmatic Advertising Revenue of $58,507 for fiscal 2021.

✅ Sales and Marketing expenditure of $1,039,713, an increase of 62% from $641,393 in fiscal 2021

✅ Non-Capitalized R&D expenditures of $2,496,877, an increase of 49% from $1,678,848 in fiscal 2021.

✅ Net loss after tax of ($1,347,113), compared to a net loss after tax ($190,321) in fiscal 2021.

✅ Adjusted EBITDA of ($231,395) compared to Adjusted EBITDA of $1,507,951 in fiscal 2021.

✅ Cash of $2,363,530 and working capital of $4,147,176 as at December 31, 2022, compared to cash of $2,078,607 and working capital of $4,536,852 as at December 31, 2021.

✅ Free Cash Flow as at December 31, 2022, of $433,745 compared to Free Cash Flow of $851,533 as at December 31, 2021.

From our CEO Jason Williams:

“Kidoz is the market leader in safe mobile media and our investments into our technology and sales teams continue to deliver results. 2022 was executed as we planned, building a business and technology platform that will complement and compete with the global leaders in advertising technology. We outperformed the Ad Tech market in 2022 by securing strong growth in a weak market and maintaining positive free cash flow. Management has identified continued weakness in the global advertising market and has begun 2023 prudently as we expect lower revenues in the first half of the year when compared to 2022. However, Kidoz’s reputation with leading advertisers is strong and we are building channels to larger deals than we have ever received in the past. We expect the full year 2023 to continue our rate of growth.”

📄 Head over to our Investors Site to read the PR in full

‍📺 Watch the interview with Agoracom HERE.‍

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‍📺 Watch the interview with Proactive HERE.