TORONTO, May 28, 2026 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV:ZOMD) (OTC:ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the marketing technology (MarTech) user-acquisition and engagement platform, today reported its financial results for the three month period ended March 31, 2026. The Company's financial statements and management discussion and analysis ("MD&A") are available in the Investors section of Zoomd's website at https://zoomd.com/investors-relations/ and on SEDAR+ under the Company's profile.
Unless otherwise stated herein, all amounts are presented in United States Dollars.
Key Highlights
Q1.26 revenues were $6.9M, with a net loss of $0.5M and positive cash flow from operations of $0.6M. Ended the period with $22.5M in cash and no bank debt.
As outlined previously, two major customers implemented changes to their operating models. While visibility with one customer remains limited, activity levels with the second customer have recently begun to increase.
As previously announced, the Company has launched a Normal Course Issuer Bid (NCIB) program, with purchases set to commence following the release of its Q1.26 financial results.
Management Commentary
Ido Almany, Chief Executive Officer of Zoomd Technologies, stated:
"This quarter reflects an ongoing transition period for the Company, during which we maintained positive cash flow from operations and ended the quarter with $22.5 million in cash, reflecting the financial discipline and operational flexibility we continue to maintain across the business.
As stated in our previous reports, we are managing reduced activity from two major customers following changes to their operating models. While visibility with one customer remains limited, we have recently begun to see an increase in activity levels with the second customer.
During the quarter, we implemented decisive cost optimization measures, including workforce reduction initiatives and additional expense efficiencies, designed to better align our cost structure with current activity levels, while preserving our focus on growth initiatives, business development, and technology capabilities.
At the same time, our diversification strategy continues to deliver measurable results. Customers onboarded during 2025 contributed approximately 30% of revenues during the quarter, while customer concentration continued to decline.
The cash position we built in 2025 is a strategic asset, giving us the flexibility to pursue both continued organic growth and selective inorganic opportunities that align with our long-term direction."
Amit Bohensky, Chairman of Zoomd Technologies, added:
"Zoomd's strong financial position continues to provide the Company with substantial flexibility as we navigate the current transition period. Our balance sheet remains strong, allowing us to continue investing in growth initiatives, strategic partnerships, and technology capabilities, while also supporting capital allocation initiatives designed to create long-term shareholder ...
