AirIQ Announces June 30, 2025 Quarterly Results Company Reports Record Recurring Revenue

About this update from Airiq Inc.

[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / August 21, 2025 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT-based asset management solutions since 1997, today announced its financial results for the three months ended June 30, 2025, reporting a new record for recurring revenue.","length":278,"tagName":"p"},{"type":"text","content":"Unless otherwise noted herein, all amounts are in thousands of Canadian dollars except share and per share information.","length":119,"tagName":"p"},{"type":"text","content":"First Quarter and Sequential Highlights (for the three months ended June 30, 2025 compared to June 30, 2024 and March 31, 2025)","length":127,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record recurring revenue of $1,323 increased by 13% or $150 compared to $1,173, and an increase of 8% or $95 compared to $1,228 sequentially.","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":"Total revenue of $1,422 decreased by 14% or $231 compared to $1,653, and an increase of 8% or $109 compared to $1,313 sequentially.","length":131,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $872 decreased by 5% or $49 compared to $921, and an increase of 4% or $31 compared to $841 sequentially.","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $16 decreased 85% or $91 compared to $107, and a decrease of 59% or $23 compared to $39 sequentially.","length":115,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":508,"olType":false},{"type":"text","content":""We are proud to announce that we have set another record in recurring revenues, which increased by 13% compared to the prior year and 8% growth over the previous quarter", said Mike Robb, President and Chief Executive Officer of AirIQ. "Our previously announced strategic decision to focus our sales efforts on our rental offerings versus hardware sales has resulted in total revenue being lower than the same period the previous year. The Company's investments in sales, marketing, and product development is expected to drive further recurring revenue growth in future quarters. With a solid recurring revenue base and a clear strategy for growth, we remain confident that we are able to deliver increases in shareholder value", continued Mr. Robb.","length":775,"tagName":"p"},{"type":"tex...

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