Welcome to our dedicated page for Logiq news (Ticker: LGIQ), a resource for investors and traders seeking the latest updates and insights on Logiq stock.
Logiq Inc (LGIQ) delivers AI-powered e-commerce solutions and marketing technology innovations while expanding into cutting-edge biotech applications. This news hub provides investors with essential updates on strategic developments across the company's diversified operations.
Access real-time announcements spanning mobile platform enhancements, data analytics breakthroughs, and medical technology acquisitions. Our curated collection includes earnings disclosures, partnership agreements, product launch details, and regulatory filings - all critical for understanding LGIQ's market position.
Key focus areas include Applogiq mobile solutions, Datalogiq consumer insights, and emerging health technology initiatives. Track how the company bridges digital expertise with medical innovation through strategic expansions in cell therapy markets and diagnostic device development.
Bookmark this page for streamlined monitoring of LGIQ's progress in both digital transformation and healthcare sectors. Verify time-sensitive decisions against primary source materials while maintaining perspective on long-term corporate strategy.
Logiq, Inc. (OTCQX: LGIQ) has expanded its services in the high-growth home improvement vertical, focusing on the electric vehicle (EV) charger installation market. The company launched an on-demand digital marketing platform to assist clients in capitalizing on the increasing demand for EV chargers, driven by sales doubling to 6.6 million in 2021. This growth reflects broader consumer trends favoring environmentally friendly vehicles. Logiq aims to provide comprehensive solutions amidst a growing need for charging stations, particularly in areas with significant EV sales.
Logiq, a provider of digital consumer acquisition solutions, announced its expansion into the roofing market, aiming to enhance its presence in the home improvement sector. CEO Brent Suen expressed enthusiasm for the growth potential, highlighting that the roofing vertical is currently valued at $102 billion in the Americas, with projections to reach $156 billion by 2030. The U.S. roofing market includes over 100,000 companies, presenting significant opportunities for Logiq. Additionally, the search term 'roof repair' peaked last year, suggesting increased consumer interest in home improvement.
Logiq reported Q2 2022 revenues of $4.9 million, declining by 40.4% from $8.3 million year-over-year. Despite a consolidated net loss of $6.5 million, up from $5.0 million in the same quarter last year, gross margins improved significantly. Consolidated gross margins rose by 730 basis points to 36.8%. The company is focusing on a direct-to-customer portal initiated in April, aiming for higher margins and revenues. Logiq maintains its revenue guidance for 2022, projecting a range of $40 million to $50 million, while targeting breakeven EBITDA by year-end.
Logiq, a provider of digital consumer acquisition solutions, will hold a conference call on August 12, 2022, at 11:00 a.m. ET to discuss its Q2 2022 financial results. A press release with the results will be issued prior to the call.
The conference will be accessible via toll-free and international dial-in numbers, and a webcast will also be available. A replay of the call can be accessed 30 minutes after the live event, available until August 26, 2022.
Logiq has completed the distribution of GoLogiq shares as part of a spin-off, providing eligible shareholders with a 1:1 share basis through a special dividend. This separation aims to enhance value for both companies' stakeholders by allowing them to focus more on growth opportunities within their respective industries. GoLogiq is set to explore fintech and big data opportunities in Southeast Asia, while Logiq emphasizes its digital consumer acquisition solutions. Shareholders should note that resale of GoLogiq shares is restricted until April 2023 due to its former shell status.
Logiq has successfully distributed GoLogiq shares to eligible shareholders on a 1:1 basis, marking a significant milestone in separating the two companies. Both entities will now operate as standalone companies, enhancing focus on innovation and growth potential. GoLogiq aims to leverage opportunities in fintech and big data, particularly in Southeast Asia. However, due to GoLogiq’s prior shell status, shareholders may face resale restrictions until April 2023. This strategic move is expected to create long-term value for shareholders of both companies.
Logiq (OTCQX: LGIQ) reported Q1 2022 revenues of $8.1 million, unchanged from last year, with a net loss of $4.0 million, improved from a $4.1 million loss a year prior. Notably, AppLogiq (GoLogiq) revenues surged 35.5% to $3.3 million, contributing to a gross profit increase of 46.0% to $1.1 million, raising gross margin to 32.4%. The company forecasts 2022 revenues between $40 million and $50 million, aiming for breakeven EBITDA by year-end. Significant M&A activities, including acquiring Battle Bridge Labs, highlight their strategic pivot to higher-margin opportunities.
Logiq, Inc. (OTCQX: LGIQ) will hold a conference call on May 16, 2022, at 4:30 p.m. ET, to discuss its Q1 2022 results, concluding on March 31, 2022. The meeting will cover the company’s financial performance and strategic initiatives to enhance revenue growth and profitability. Investors can access the call via toll-free or international dial-in numbers, along with a webcast. A replay will be available 30 minutes post-call, up until May 30, 2022.
Logiq, Inc. (LGIQ) reported a 73.8% increase in FY21 gross profit, totaling $11.1 million on $37.3 million in revenue, with a gross margin of 29.6%. The Q4-21 revenue reached $13.1 million, doubling year-over-year. The company projects 2022 revenue growth of 30% YOY, aiming for $50-$75 million and profitability by early 2023. Recent acquisitions, including Battle Bridge, are expected to enhance earnings. However, FY21 revenues decreased 1.5% largely due to strategic shifts and pandemic impacts.
Logiq (OTCQX: LGIQ) has successfully completed the acquisition of assets from Battle Bridge Labs for $3.25 million, expected to enhance market share and growth opportunities. This includes $3.8 million in projected revenue and $1.4 million in EBITDA cash flow over the next 12 months, strengthening Logiq's digital marketing capabilities. The deal is anticipated to support Logiq's goal of achieving breakeven EBITDA by year-end 2022. CEO Brent Suen emphasizes the strategic nature of this acquisition as part of their growth plan in a consolidating market.
