Kidoz (KIDZ) AGM 2025 summary

Opening remarks and agenda

• Meeting opened virtually from Vancouver, welcoming global staff and shareholders from over 12 countries.

• Agenda included setting the number of directors, receiving audited financials, electing directors, appointing auditors, ratifying a new equity awards plan, and a corporate update.

Financial performance review

• 2024 marked a turning point with strong Q4 results and continued momentum into 2025.

• Revenue forecast for 2025 is $18 million, with a shift from reseller to direct brand revenue.

• Achieved a small profit in 2024, with plans to grow profitability in 2025.

• Healthy cash balance and global revenue distribution, with increased focus on North America.

• All R&D expenses, totaling over CAD 20 million, are expensed, improving future operating leverage.

Board and executive committee updates

• Six directors were elected: Fiona Curtis, Moshe David, Claes Kalborg, Eldad Ben-Tora, Jason Williams, and Tarrnie Williams.

• Davidson & Company LLP reappointed as auditor, with directors authorized to set remuneration.

• Management team highlighted for their talent and global reach.