Ineo Tech Stock Price, News & Analysis

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) reported its fiscal third quarter financial results for the period ended March 31, 2023. The company generated revenue of $398,730, a 19% increase compared to the same period last year. However, gross profit decreased to $157,116 from $203,550, with gross margin dropping to 39.40% from 60.66%. Net loss for the quarter was $709,852 or $0.01 per share.

INEO has expanded its Welcoming System deployments to over 18 states across the United States with major retail partners. The company introduced an RFID-enabled version of its Welcoming System and added the Welcoming Greeter to its product suite. INEO is focusing on accelerating roll-out plans, optimizing operations, and implementing cost-saving initiatives for sustainable growth.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has announced the successful installation of its Welcoming System in over 70 retail locations across 18 states in the U.S. for its Major Retail Partners. This deployment, part of the company's 2023 expansion plans, is expected to generate several million customers monthly at these sites. The Welcoming System integrates digital advertising and Electronic Article Surveillance technologies, allowing retailers to showcase targeted ads while enhancing theft protection. CEO Kyle Hall expressed satisfaction with the progress, noting they are ahead of schedule for future rollouts. Major cities included in the deployment are New York, Los Angeles, San Francisco, and Chicago.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) will participate in the RILA Asset Protection Conference from April 30 to May 3, 2023, held in Denver, CO. The conference, hosted by the Retail Industry Leaders Association, gathers over 1,000 retail asset protection leaders for discussions on workforce safety and emerging technology. Kyle Hall, CEO of INEO, will attend and demonstrate the INEO Welcoming System at the Prosegur Security booth (#600) located at The Gaylord Rockies Resort & Convention Center. This event highlights INEO's innovative digital advertising solutions and analytics for retailers, showcasing their patented technology that integrates digital screens with theft detection.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has announced participation in two major industry conferences in March 2023. The Retail Secure Conference will be held in Mississauga, ON on March 21, and the 2023 OAAA/Geopath OOH Media Conference will take place in Nashville, TN from March 27-29. CEO Kyle Hall will attend both events, showcasing the INEO Welcoming System at the Retail Secure Conference. This participation highlights INEO’s commitment to addressing loss prevention and enhancing digital advertising solutions for retailers, leveraging their patented technology for improved retail analytics.

INEO Tech Corp. (OTCQB: INEOF) reported a significant financial boost for fiscal Q2 2023, achieving a 50% year-over-year increase in revenue, totaling $386,425, and a 92% increase in gross profit to $181,210. The company highlighted a gross margin of 46.89%. Despite these financial gains, INEO reported a net loss of $981,707, widening from a loss of $761,776 in the same quarter the previous year. The company's expansion includes installations of INEO Welcoming Systems across eleven U.S. states, marking a strong start to its 2023 rollout schedule.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) announces it is ahead of schedule for its 2023 Welcoming System deployment, having installed 50 units in various retail locations across the United States. The INEO Welcoming System, designed for digital advertising and theft protection, integrates into retailers' networks. The Company aims to expand further, focusing on major cities and leveraging partnerships with over 3,000 retail locations. CEO Kyle Hall emphasizes the significant milestone and the commitment to bringing this technology to more stores, while Chairman Greg Watkin highlights the rapid growth in response to demand for their innovative solutions.

INEO Tech Corp. (OTCQB: INEOF) will announce its Fiscal 2023 Second Quarter financial results on February 28, 2023, before market open. The company operates the INEO Media Network, a digital advertising solution leveraging AI and IoT technologies for retailers. Following the results announcement, a webinar will take place at 10:00 am PT featuring key executives, including the CEO, to discuss performance and future outlook. Investors can register for the webinar via a provided link. For more details on INEO's operations and technology, visit their official website.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) has launched the INEO Welcoming Greeter, a new stand-alone pedestal-based advertising display aimed at enhancing retail advertising capabilities. This innovation is part of INEO's comprehensive suite of Retail Media Network products. The Welcoming Greeter integrates with existing INEO systems to maximize digital advertising across retail locations, promising to generate additional revenue for retailers. The product is designed with customizability and features such as AI communication and hand gesture recognition to improve customer interactions, contributing to increased in-store engagement.