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) generates news across two distinct but connected themes: its legacy role in digital consumer acquisition and its newer focus on health, biotech, medical devices, and animal health. Historically, the company has issued updates on its AI-powered programmatic advertising platform, including fraud detection capabilities, client wins, and corporate initiatives related to its DataLogiq (DLQ) business and proposed SPAC merger with Abri SPAC I, Inc.
More recent announcements emphasize Logiq's strategic shift toward the medical field. Investors and observers can find coverage of the definitive agreement to acquire MedLab Essentials, LLC, a company focused on cell and gene therapy and cell-based therapies for challenging cancers, age-related diseases, and longevity applications. News also includes details of the definitive agreement to acquire EVIMATE, a developer of AI-enabled vital sign monitoring and remote patient monitoring devices.
Another important area of Logiq news involves its veterinarian division, associated with Amino Medic Ltd., and the launch of AVR BIOVET™, a copper-based organic feed additive designed to support growth, immune function, and overall health in animals. Company communications discuss the product's composition, testing, and potential role in animal health and organic production.
On this page, readers can review press releases related to acquisitions, business model updates, capital markets plans, SPAC-related milestones, and product introductions in both digital advertising and health-focused lines of business. For those tracking LGIQ, the news flow provides insight into how the company describes its transition from e-commerce and ad tech toward cell and gene therapy, longevity medicine, medical devices, and animal health solutions.
Logiq has finalized its agreement to transfer its AppLogiq assets into Lovarra, following a recent acquisition of a control position in the public company. This move is part of Logiq's strategy to separate its DataLogiq and AppLogiq businesses into two independent public entities.
Shareholders will receive shares in Lovarra, soon to be renamed GoLogiq, on a proportionate basis by June 30, 2022. The AppLogiq assets include the CreateApp platform and related technologies. Logiq's gross margin has improved over recent quarters, despite ongoing strategic changes.
Logiq, Inc. (OTCQX: LGIQ) expects fourth-quarter revenues to exceed $10 million, marking a 28% sequential rise and over 52% year-over-year growth. The company's gross margin is projected to reach a record 33.0%, up from 29.5% last quarter and 21.1% in Q4 2020, due to a focus on higher-quality revenue streams. Plans to separate its AppLogiq and DataLogiq businesses into publicly traded entities are progressing smoothly, aimed at unlocking shareholder value and capitalizing on growth opportunities in e-commerce and fintech.
Logiq has acquired a controlling interest in 4.5 million shares of Lovarra through its subsidiary, GoLogiq LLC. This strategic move is part of Logiq's plan to spin off its AppLogiq and DataLogiq segments into independent public companies. The transfer of AppLogiq's mobile e-commerce solutions and fintech platform to Lovarra is expected to enhance shareholder value and capitalize on growth opportunities in Southeast Asia's e-commerce and fintech markets. The standalone valuation for AppLogiq is estimated at over $100 million.
Logiq, Inc. (OTCQX: LGIQ) has been invited to present at the Benchmark Discovery 1x1 Investor Conference on December 2, 2021. President Brent Suen will lead the presentation and participate in one-on-one meetings with institutional analysts and investors. The company recently reported Q3 2021 results, highlighting an 11% increase in revenues to $7.8 million and a gross profit rise of 108% to $2.3 million. Additionally, Logiq plans to separate its AppLogiq and DataLogiq businesses into two publicly traded entities, aiming to enhance growth opportunities.
Logiq, a provider of consumer acquisition solutions, reported a Q3 2021 revenue increase of 11% to $7.8 million, with gross profit up 108% to $2.3 million. The company achieved a gross margin of 29.5%, up 13.7 percentage points year-over-year. Operating expenses rose to $8.1 million due to increased administrative costs, leading to a net loss of $5.8 million. The company plans to separate its DataLogiq and AppLogiq divisions into independent entities, aiming for higher valuations and targeting $50 million to $75 million in 2022 revenue.
Logiq (OTCQX: LGIQ) will present at the ROTH 10th Annual Technology Event on November 17-18, 2021. President Brent Suen will lead discussions and one-on-one meetings with investors. The company is moving to separate its AppLogiq™ and DataLogiq™ divisions into two publicly traded entities to enhance growth in e-commerce and fintech.
Logiq recently reported preliminary revenues exceeding $7.7 million, a 10% increase year-over-year, with gross margins nearly doubling to 29.0%. A full report on Q3 results is expected on November 15, 2021.
Logiq (OTCQX: LGIQ) has responded to OTC Markets Group regarding recent promotional activities involving its stock. Following a marketing engagement with Civet Digital, third-party marketing firms were involved in distributing promotional materials that highlighted Logiq's business and growth potential. The company asserts that all published materials were accurate and compliant with SEC regulations. Moreover, Logiq disclosed preliminary Q3 results showing increased revenues and margins, alongside a potential spin-off of its AppLogiq unit.
Logiq (LGIQ) reported Q3 revenue exceeding $7.7 million, showcasing growth in consumer acquisition solutions. The full results will be disclosed on November 15, 2021, along with a conference call with President Brent Suen. Meanwhile, Northstar Gold (NSGCF) has made progress with exploration at its Miller Gold Property, drilling 1,450 meters in 11 holes. Lastly, ShaMaran announced receipt of C$32.1 million in sales for August 2021, including $11.8 million net to the company. Investors await further insights from upcoming interviews.
Logiq, Inc. (OTCQX: LGIQ) has partnered with PT Bank Pembiayaan Rakyat Syariah Insan Cita Aritha Jaya in Indonesia to provide micro-finance and digital payment services to over 18,000 customers. Utilizing its mobile fintech platform, PayLogiq, Logiq will offer an eWallet and other financial products, with full services expected in three months. This partnership, following government approval for lending rates, aims to enhance financial inclusion in Indonesia's growing digital financial market, projected to increase at a CAGR of 34% to US$8.6 billion by 2025.
Logiq, Inc. (OTCQX: LGIQ) announced a plan to separate its DataLogiq and AppLogiq businesses into two independent public companies to enhance shareholder value. This decision follows a strategic review aimed at maximizing growth opportunities in the e-commerce and fintech sectors. AppLogiq will be acquired by another publicly traded entity, allowing it to focus on mobile e-commerce and fintech initiatives. This separation is expected to complete by year-end, subject to conditions, with market analysts suggesting AppLogiq's valuation could reach $100 million.