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]