Zedcor expands its agreement with a leading national convenience store retailer to deploy 50 additional MobileyeZ security towers across 20 U.S. states. The deployment builds on a pilot and brings the customer’s total footprint to 53 towers, with potential for further growth through 2027.
Zedcor Inc. reports record financial and operating results for the fourth quarter and full year 2025. Fourth-quarter revenue reaches $17.8 million, up 73% year over year and 12% quarter over quarter, while Adjusted EBITDA reaches $7.1 million, up 77% year over year, at a 40% margin. For the full year, revenue grows 79% and Adjusted EBITDA grows 82%.
Zedcor Inc. closes its upsized bought deal public offering, issuing 5,084,000 common shares at $6.00 per share for aggregate gross proceeds of $30,504,000. The company plans to use the proceeds to expand its MobileyeZ fleet and U.S. platform and for working capital; NBF and Desjardins co-lead the offering with ATB, Canaccord, Raymond James and Paradigm.
Zedcor Inc. expands its credit facility with National Bank of Canada by $25.0 million, bringing total committed borrowing availability to $75.0 million and adding a $25.0 million accordion. The increase coincides with the Houston manufacturing facility and monitoring center becoming operational, with tower production capacity above 50 per week.
