Business
Logiq Expects Q4 2022 DataLogiq Revenue to Exceed $7.5 Million, up 83% sequentially and 9% Over the Same Year-ago Quarter
Logiq Expects Q4 2022 DataLogiq Revenue to Exceed $7.5 Million, up 83% sequentially and 9% Over the Same Year-ago Quarter.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a provider of digital consumer acquisition solutions, expects its DataLogiq business revenues for the fourth quarter ending December 31, 2022 to exceed $7.5 million, up more than 83% sequentially and up more than 9% over the same year-ago quarter. “Over the course of the year, we completed a challenging restructuring plan designed to position the company for growth, organically and through acquisition,” stated Logiq CEO, Brent Suen. “By late November, we began to see strong traction in our DataLogiq business that has now put us on course for a great finish to the year, and with our annualized revenue run-rate now at about $40 million. “For 2023, we anticipate further transformational events will support an up listing to a major exchange, as well as completing accretive mergers or acquisitions that will position us to scale to more than $100 million in annualized revenue with profitability.” The company plans to provide another financial update in January 2023. About LogiqLogiq Inc. is a U.S.-based provider of e-commerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels. The company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers. For more information, visit www.logiq.com. Important Cautions Regarding Forward Looking StatementsThis press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, pl...