Core Insights - Zedcor Inc. reported record quarterly revenue of $16.0 million and Adjusted EBITDA of $5.7 million for Q3 2025, marking a 75% year-over-year increase in revenue and a 68% increase in Adjusted EBITDA [5][8][10] Financial Performance - Revenue for Q3 2025 was $16.0 million, up from $9.2 million in Q3 2024, reflecting a 75% increase year-over-year and an 18% increase quarter-over-quarter [5][8][9] - Adjusted EBITDA for the same period was $5.7 million, compared to $3.4 million in Q3 2024, representing a 68% increase [5][10] - The Adjusted EBITDA margin was 36%, driven by strong contribution margins in Canada and continued growth in the US [5][10] Operational Highlights - The company deployed 469 new MobileyeZTM security towers in Q3 2025, bringing the total fleet to 2,351 towers, with a focus on US expansion [5][15] - The US market accounted for 36% of total revenue in Q3 2025, with strong demand for security towers and ongoing conversations with enterprise customers [3][5] - Fleet utilization rates remained strong, indicating effective operational management and customer demand [5][11] Strategic Initiatives - Zedcor is expanding its operations in the US, particularly in major Texas cities and other southern US markets, to meet growing demand for its services [15][24] - The company is diversifying its customer base across various industries, reducing reliance on any single customer [15][24] - Continued investment in manufacturing capabilities has allowed Zedcor to produce security towers at an increased rate, with a focus on managing supply chains effectively [15][26][27] Market Outlook - The company anticipates sustained growth driven by increased infrastructure spending and rising incidents of theft and vandalism across North America [24][26] - Zedcor's innovative technology and commitment to customer service position it well to disrupt the traditional security industry [24][26] - The company aims to maintain a Net Funded Debt to EBITDA ratio of no more than 3.00:1.00 and a Fixed Charge Coverage Ratio of no less than 1.15:1.00 [25]

Core Viewpoint - Zedcor Inc. has secured a new $50 million revolving credit facility with National Bank of Canada, replacing its previous $30 million facility, which enhances its financial flexibility and supports growth initiatives [1][2][3]. Financial Summary - The new credit facility increases available debt capacity to $50 million, with an additional accordion feature for $25 million, not subject to fees until drawn [5]. - The facility matures three years from closing, extending beyond the previous facility's maturity date of December 2027 [5]. - The interest rate under the new facility is reduced by approximately 75 basis points, from Prime + 1.5% to Prime + 0.75% [2][5]. Strategic Implications - The credit facility is expected to lower interest payable and provide non-dilutive capital, allowing the company to fund organic growth initiatives and refinance existing debt of $26.8 million [1][2]. - The company aims to leverage this financial support to enhance its manufacturing capacity and meet growing demand for its security solutions in North America [3][7]. Management Changes - Tony Ciarla, President of Corporate Development, has departed from the company, with management expressing gratitude for his contributions [4].

Company Announcement - Zedcor Inc. granted 60,000 Restricted Share Units (RSUs) to employees on August 14, 2025, under its fixed 10% RSU/DSU plan, which will expire three years from the grant date [1] - The RSUs will vest in three equal parts on the first, second, and third anniversaries of the grant date [1] Company Overview - Zedcor Inc. is innovating the physical security industry with its MobileyeZTM security towers, offering mobile surveillance and live monitoring solutions to major clients across North America [2] - The company is expanding its MobileyeZ™ tower platform in Canada and the U.S., focusing on high service levels, data-driven efficiency, and ongoing innovation [2] - Zedcor operates in Canada with service centers in British Columbia, Alberta, Manitoba, and Ontario, and is advancing its U.S. expansion to service markets in the Midwest and West Coast, including locations in Texas, Denver, Phoenix, and Las Vegas [2]

Core Insights - Zedcor Inc. reported record quarterly revenue of $13.5 million and Adjusted EBITDA of $4.9 million for Q2 2025, marking an 84% year-over-year increase in revenue and an 83% increase in Adjusted EBITDA [5][11][21] Financial Performance - Revenue for Q2 2025 was $13.5 million, up from $7.4 million in Q2 2024, representing an 84% increase year-over-year and an 18% increase quarter-over-quarter [5][8][9] - Adjusted EBITDA for Q2 2025 was $4.9 million, compared to $2.7 million in Q2 2024, reflecting an 83% increase year-over-year [5][10] - The Adjusted EBITDA margin was 36%, supported by strong contribution margins in Canada and operational efficiencies [5][10] Operational Highlights - Zedcor deployed 316 new MobileyeZTM security towers in Q2 2025, bringing the total fleet to 1,882 towers [5][14] - The utilization rate for the fleet of security towers exceeded 90% for the quarter, with the U.S. market showing near 100% utilization [2][3][11] - The U.S. accounted for 32% of total revenue in Q2 2025, with strong demand continuing in both the U.S. and Canada [3][5] Strategic Initiatives - The company is expanding its operations in the U.S., focusing on major markets in Texas, Colorado, Arizona, and Nevada, and plans to establish additional locations in key regions by late 2025 and 2026 [4][14][21] - Zedcor is committed to enhancing its supply chain and manufacturing capabilities to meet growing customer demand, with a target of producing 1,200 to 1,400 security towers in 2025 [6][23] Customer Base and Market Demand - The company has diversified its customer base across various sectors, including residential home construction, retail security, and logistics, reducing customer concentration risk [14][21] - Zedcor continues to see strong demand for its security services, driven by increased infrastructure spending and concerns over theft and vandalism [23][24]

Core Points - Zedcor Inc. will release its second quarter financial results for the period ended June 30, 2025, after markets close on August 12, 2025 [1] - A conference call to discuss the results will be held on August 13, 2025, at 10:00 am ET, hosted by the President & CEO and CFO [2] - Related earnings release materials will be available on the Company's SEDAR+ profile and website [2] Company Overview - Zedcor Inc. is innovating the physical security industry with its MobileyeZTM security towers, offering mobile surveillance and live monitoring solutions to major clients across North America [4] - The Company is expanding its MobileyeZ™ tower platform in Canada and the U.S., focusing on high service levels and data-driven efficiency [4] - Zedcor operates in Canada with service centers in British Columbia, Alberta, Manitoba, and Ontario, and is advancing its U.S. expansion with locations in Texas, Denver, Phoenix, and Las Vegas [4]