Zedcor Inc. (ZDC) Earnings Call Transcripts

Zedcor Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Zedcor Inc. reported record revenues of $19.4 million, a 69% increase year-over-year, driven by strong demand and an expanding U.S. presence. Adjusted EBITDA also reached a record $7.6 million, up 86% year-over-year, with an adjusted EBITDA margin of 39%. Management highlighted that U.S. revenues surpassed Canadian revenues for the first time, indicating a significant shift in the company's growth dynamics. Guidance remains optimistic, with expectations for continued growth in both regions, particularly in the U.S.

Reported metrics

Guidance from management

Management expects continued growth in both the U.S. and Canada, with annual growth projections of 20% to 30% for Canada. They are focused on expanding their enterprise customer base and maintaining strong operational metrics.

What management said

Yes. I think the U.S. has definitely been a focus and you can definitely see that in the numbers for sure. In terms of the growth, I think we look at it more on an annualized basis, and our internal projections are in that 20% to 30% for Canada. And I think we're on track for that. We did factor in internally lower kind of expectations for Q1, and we saw that last year as well, as I previously mentioned. So that's ho...

Absolutely. We're not like we're not saying the business depends on this, but if one of these larger multi-hundred tower retailers, for example, hits and we're successful landing that contract the utilization would surge significantly would be close to 100%. And you're absolutely right. We're going to get that back to the levels we're happy yet. So then the next customer comes along already for them as well.

What analysts pressed on

Analysts expressed concerns about muted growth in Canada and potential demand saturation in a more mature market. They also questioned the impact of focusing resources on the U.S. market and the implications for Canadian operations.

Main topics on the call

• Record Revenue Growth — Zedcor achieved record quarterly revenues of $19.4 million, up 69% year-over-year from $11.5 million in Q1 2025, attributed to a higher tower count and strong customer demand. Management stated, "We expect this to become...
• U.S. Revenue Surpassing Canada — For the first time, U.S. revenues exceeded Canadian revenues, totaling $9.7 million, representing over 50% of total revenue. This shift is expected to continue as the U.S. market grows larger relative to Canada.
• Adjusted EBITDA Growth — Adjusted EBITDA grew 86% year-over-year to $7.6 million, with an adjusted EBITDA margin expanding to 39%, up from 36% in Q1 2025. Management noted, "These strong results demonstrate the significant investments we've made...
• Fleet Expansion — Zedcor deployed 475 solar MobileyeZ security towers in Q1 2026, increasing total fleet size to 3,261 units, a 108% year-over-year growth. The U.S. fleet grew 233% year-over-year, highlighting the company's expansion stra...

Read the full Zedcor Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 7 Zedcor Inc. earnings call transcripts on record, spanning November 14, 2024 to August 13, 2026. Based on this history, Zedcor Inc. reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ZDC

Exchange

TSXV

Country

CA

Sector

Industrials

Industry

Trading Companies and Distributors

Calls on record

7

First call

November 14, 2024

Most recent

August 13, 2026

Reporting cadence

quarterly