Business
Logiq Sees Q3 2021 Revenue Exceeding $7.7 Million, up ~10%, with Gross Margins Nearly Doubling to More than 29.0%
Logiq Sees Q3 2021 Revenue Exceeding $7.7 Million, up ~10%, with Gross Margins Nearly Doubling to More than 29.0%.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, reported preliminary results for the third quarter ended September 30, 2021. The company expects revenue for the third quarter to exceed $7.7 million, up approximately 10% from the same year-ago quarter. Gross margin is expected to expand to more than 29.0%, nearly doubling from 15.8% in the same year-ago quarter. “Our strong year-over-year performance reflects the continued transformation of our business that is now focused on higher margin, higher quality revenue streams,” stated Brent Suen, president of Logiq. “Over the past year we have also established a stronger foundation for addressing the abundant e-commerce opportunities worldwide.” “We believe the progress we have made, particularly with the expansion of gross margin, puts us squarely on the path to profitability and unlocking greater shareholder value.” The company plans to issue its full third quarter 2021 results and host a conference call to discuss the quarter on November 15, 2021. About LogiqLogiq Inc. is a U.S.-based leading global provider of e-commerce and fintech business enablement solutions. Its DataLogiq (LCM+LDM) business provides a data-driven, end-to-end marketing and consumer acquisition solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend and personalization. The company’s Fixel technology offers simplified online marketing with critical privacy features. In its AppLogiq business, Logiq’s platform-as-a-service, branded as CreateApp™, enables small- and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. CreateApp™ empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way. CreateApp™ is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s PayLogiq, branded as AtozPay™ in Indonesia, offers mobile payments, and GoLogiq, branded as AtozGo™ in Ind...