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AirIQ Announces March 31, 2025 Year End Results Reports Double Digit Recurring Revenue Growth
TORONTO, ON / ACCESS Newswire / July 17, 2025 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT-based asset management solutions since 1997, today announced its financial results for the year ended March 31, 2025, reporting its ninth consecutive year ...
About this update from Airiq Inc.
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / July 17, 2025 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT-based asset management solutions since 1997, today announced its financial results for the year ended March 31, 2025, reporting its ninth consecutive year of recurring revenue growth.","length":289,"tagName":"p"},{"type":"text","content":""We are very pleased to report that recurring revenue increased by 10% compared to the previous year." said Mike Robb, President and Chief Executive Officer of AirIQ. "The Company has reported recurring revenue growth for the ninth straight year representing an increase of over 100% during that period. Our investments in sales and marketing during the past year are also beginning to demonstrate a positive return. Subsequent to year end, additional customer wins have resulted in our annualized recurring revenue having now surpassed the $5.5 million threshold. We anticipate that continued sales and marketing success will generate even greater rates of growth in revenue and profitability in the future", continued Mr. Robb.","length":749,"tagName":"p"},{"type":"text","content":"All dollar amounts set out herein are in Canadian dollars.","length":58,"tagName":"p"},{"type":"text","content":"Highlights for the year are as follows:","length":39,"tagName":"p"},{"type":"text","content":"Annual Highlights (for the year ended March 31, 2025 compared to March 31, 2024):","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Recurring revenue of $4,800,008 increased by 10% or $431,609 compared to $4,368,399 for the prior year. Recurring revenue represented 87% of total revenue compared to 79% in the prior year period.","length":196,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $3,395,765 increased by 1% or $41,674 compared to $3,354,091 for the prior year period.","length":103,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":299,"olType":false},{"type":"text","content":"Fourth Quarter Highlights:","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record quarterly recurring revenue of $1,228,461 increased by 12% or $131,300 compared to $1,097,161 for same quarter in the prior year and increased by 2% or $28,842 compared to $1,199,619 from the prior quarter.","length":213,"tagName":"p"}]}...