LOGIQ INC - LGIQ STOCK NEWS

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.

Logiq Inc. (OTCQX: LGIQ) has announced the rescheduling of its fourth quarter and fiscal year 2021 results news release to March 31, 2022, after market close. An investor conference call will follow on April 1, 2022, at 10:30 a.m. ET to discuss the results and provide an updated outlook for 2022. The company specializes in e-commerce and customer acquisition solutions and aims to simplify digital advertising. Access to the call will be via a webcast or dial-in numbers provided in the release.