Q2 2026 Adcore Inc Earnings Call Transcript
Key Points
- Revenue grew 10% year-over-year to $7.2 million in Q2 2026, with gross profit up 19% to $3.7 million.
- Gross margin expanded to 51% from 47% year-over-year, driven by a favorable client mix.
- North America rebounded strongly with 27% year-over-year growth, and all regions (APAC, EMEA, North America) grew in H1 2026.
- The company overdelivered on its AI agent commitment, shipping 5 agents (inbound, outreach, deal, customer, and AI Studio) versus the planned 3 by Q2 2026.
- AI Studio is already generating early revenues with positive client feedback, and the new MCP connector allows integration with platforms like ChatGPT and Claude.
- The company remains debt-free with a solid cash position of $4 million as of June 30, 2026.
- Net loss widened to $0.8 million in Q2 2026 from $0.4 million in the prior year, and operating loss increased to $0.6 million.
- Adjusted EBITDA declined to $41,000 in Q2 2026 from $155,000 in Q2 2025.
- Cash and cash equivalents dropped significantly to $4 million from $10.3 million at the end of 2025, and working capital decreased to $3.1 million from $5.1 million.
- SG&A expenses rose 22% year-over-year, driven by payroll and foreign exchange headwinds.
- The company plans a 15-20% OpEx reduction, including employee cuts, which may impact morale and operational capacity.
- The cash decline is partly seasonal, but the company expects recovery only in Q4, leaving uncertainty for H2 2026.
Good morning once again. Thank you for joining us. Great to see this turn up. Earlier this morning, Adcore released its Q2 2026 financial results. And today, we'll be walking you through these results and providing you an update on the ongoing company initiatives.
First of all, you might see some familiar faces on the call today. I'm Martijn, Chief Partnership Officer here at Adcore. Joining me today is Omri Brill, Adcore's CEO and Founder; and also Amit Konforty, Adcore's CFO. And also [Kobi Arif] will be here to present some great insights on our AI Studio.
For the agenda today, before we begin, we will go over some forward-looking statements you should be aware of while listening to this call, followed by the CEO opening remarks and the latest innovations on our AI Studio done by Kobi and then the CFO financial highlights. Finally, we will conclude with a Q&A session. (Event Instructions)
Before we begin, I will give everyone a moment to review these statements. Please bear in mind when listening to the call
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