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Posted by
Two Blokes May 22 -
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Calgary, Alberta--(Newsfile Corp. - May 21, 2025) - Zedcor Inc. (TSXV: ZDC) ("Zedcor" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2025. Highlights include: Record quarterly revenue of $11.5 million, representing an increase of 87% year-over-year and 11% quarter-over-quarter Record quarterly Adjusted EBITDA of $4.1 million, representing an increase of 116% year-over-year Adjusted EBITDA margin was 36%, despite significant expansion costs out of the U.S., driven by strong contribution margins in Canada and increased operational efficiency from its AI at-the-edge cameras Deployed 229 MobileyeZTM security towers during the three months ended March 31, 2025; these security towers were deployed throughout North America, with a focus on US expansion, and realized total fleet utilization rates above 90% for the quarter U.S. revenue was 29% of total revenue for Q1 2025 Manufacturing monthly run rate eclipsed 100 units with anticipated growth to 120 units in Q2 2025 The Company expects to be largely insulated from tariffs as manufacturing is based in Houston, Texas and camera costs have been locked in for 2025, while there have been no signs of demand waning, despite the geopolitical risks in the market Zedcor generated revenue of $11.5 million for the three months ended March 31, 2025, and Adjusted EBITDA of $4.1 million.
