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KNOREX CEO Provides Shareholder Letter Highlighting Recent NYSE American Listing and Strategic Business Outlook
Globenewswireยท 2025-10-09 13:00
Core Insights - KNOREX Ltd. has successfully listed on the NYSE American, marking a significant milestone in its journey and providing vital capital for global growth [1] - The company aims to lead the future of AI-powered online advertising orchestration and automation, addressing challenges such as fragmentation and orchestration complexities in the digital advertising landscape [2] Financial Performance - In 2024, KNOREX generated $10.8 million in revenue, a 24.0% increase from $8.7 million in 2023 [3] - Gross profit rose by 40.0%, from $3.2 million in 2023 to $4.5 million in 2024 [3] - The global digital advertising market is projected to reach $871 billion by 2027, positioning KNOREX to capture a larger market share [3] Business Strategy - The capital raised from the IPO will accelerate KNOREX's growth strategy, focusing on AI-driven solutions and geographic expansion in North America and Asia [4] - The company's proprietary machine learning and automation capabilities enable predictive budgeting, attribution, and real-time optimization across channels [4] - KNOREX is committed to building a sustainable and profitable business model to serve the rapidly transforming advertising industry [4][5] Market Position - KNOREX XPO, the company's flagship platform, centralizes campaign execution and analytics, enhancing efficiency and transparency for advertisers [7] - The platform supports a wide range of digital media formats, including social media, search, CTV/OTT, video, audio, display, native, and digital-out-of-home advertising [6][7] - KNOREX serves global enterprises, agencies, and brands, helping them navigate the complexities of online advertising with intelligent, data-driven solutions [8]