Report

EPS Surprise: Expected Profitability Ahead of Schedule - Kidoz Inc.(TSXV: KIDZ)

Kidoz Inc. (TSX-V: KIDZ) reported mixed results for Q1 2024. While revenue fell short of expectations, the company exceeded profit estimates due to higher gross margins. The lower revenue is attributed to weaker-than-anticipated ad spending compared to industry giants like YouTube and Meta. However, Kidoz expects stronger revenue growth for the rest of the year, buoyed by the projected rise in global digital ad spending. The company revised its 2024 revenue growth forecast downward but now anticipates positive EPS this year. Kidoz boasts a healthy balance sheet with no debt and trades at a significant discount to the sector average.
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KIDOZ INC

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Fundamental Research
Fundamental Research

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Analysts
Sid Rajeev

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