Kidoz owns the leading COPPA & GDPR compliant mobile advertising network that safely reaches hundreds of millions of kids, teens, and families every month
- Kidoz announces strategy extension to work with brands to reach the important family segments of teens and parents on their mobile devices
- Fundamental Research says Kidoz is poised for record 3Q as it enters the exciting Chinese mobile app market
- Kidoz to expand reach into family segments of teens and parents on their mobile devices
Quick facts: Kidoz Inc.
Price: 0.64 CAD
Market Cap: $84.11 m
About the company
Kidoz Inc. is a mobile advertising technology company and owner of the KIDOZ Safe Ad Network - www.kidoz.net - and the Kidoz Publisher SDK. By developing solutions for app developers to monetize with safe, relevant, and fun ads we help keep the Google and Apple app stores safe and free for children. Our commitment to children's privacy and safety has created one of the fastest-growing mobile networks in the world, currently reaching over 300 million kids per month.
How it is doing
The mobile AdTech developer, owner of the market-leading Kidoz Contextual Ad Network - www.kidoz.net - and the Kidoz Publisher SDK, is recognized globally for safely reaching children under the age of 13 on their mobile devices via the Kidoz Contextual Ad Network.
After years of development and growth of the Kidoz mobile platform, the company has now expanded its offering to include both the teens (13-19) and parents' markets. Using the enormous reach of the Kidoz SDK, the Kidoz media team can contextually target the children, teen and parent segments in their favourite gaming and app environments, the company said.
In a statement, Jason Williams, Kidoz co-CEO commented: "Mobile AdTech systems are some of the most integrated and most valuable systems in the world. The scale of users we can reach with the Kidoz network is powerful and it opens many new opportunities for the Company.
Kidoz Inc has reported second-quarter 2021 revenue of nearly US$2.2 million, a 196% year-over-year increase, boosted by a 247% surge in sales of the company’s core AdTech products.
Kidoz also recorded 2Q earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$48,079, a 124% improvement from an EBITDA loss of ($197,057) from the same period last year.
Kidoz Inc, a mobile adtech developer and owner of the market-leading KIDOZ Contextual Ad Network and the Kidoz Publisher SDK, has reported record second-quarter network growth driven by consumers in the wider digital economy and the company’s niche contextual advertising.
For the second quarter of 2021, the company saw 256 million monetized impressions delivered, up 33% from 192 million paid impressions delivered in the first quarter of 2021.
What the brokers say
Kidoz Inc, the mobile advertising technology company, has the potential to remain competitive in the tween advertising network space, according to Fundamental Research Corp.
The research firm said that it is expecting a record third quarter for the Anguilla-domiciled company following its 2Q results that showed revenue up 196% year-over-year at nearly $2.2 million.
“We believe record 3Q revenue will be the next major catalyst for Kidoz shares,” the analyst firm wrote.
What management says
Kidoz Inc. (TSX-V:KIDZ) (TSX-V:KIDZ) Co-CEOs Eldad Ben Tora and Jason Williams join Proactive New York to discuss the group's strategy extension to work with brands to reach the important family segments of teens and parents on their mobile devices.
The Co-CEOs say the mobile AdTech developer has now expanded its offering to include both the teens (13-19) and parents' markets, increasing the scale of users it can reach with the Kidoz network.
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