In a news release, Adcore Inc. (ADCO:TSX.V) announced it took steps in the wake of COVID-19 to ensure the continuity and success of the company in the short and long term.
"We aim to maintain the same level of service that our customers expect from Adcore as well as ensure that we keep our people safe," CEO Omri Brill said in the release.
The Canadian provider of machine learning-powered advertising technologies provided reasons why it is well positioned to endure the coronavirus pandemic and prevail.
1. Adcore is diversified across various geographies, industries and revenue streams.
2. The company's employees can work remotely, and as of this week, all of them in Tel Aviv, Toronto and Melbourne are doing so.
3. Adcore will benefit from the world's increasing shift toward online business and e-commerce.
4. The firm has enough cash to survive a severe recession. Its cash as of year-end 2019 was CA$4.9 million.
5. Adcore does not have any debt.
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