AirIQ Announces Third Quarter Results Company Reports Double-Digit Growth in Recurring Revenue
AirIQ Announces Third Quarter Results Company Reports Double-Digit Growth in Recurring Revenue
TORONTO, ON / ACCESSWIRE / February 22, 2024 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT based asset management solutions for over 25 years, today announced its financial results for the three and nine months ended December 31, 2023, reporting increases in recurring revenue and working capital.
安大略省多倫多/ACCESSWIRE/2024年2月22日/AirIQ Inc.(“AirIQ”)(多倫多證券交易所股票代碼:IQ)是超過25年的物聯網資產管理解決方案的領導者,今天公佈了截至2023年12月31日的三個月和九個月的財務業績,報告了經常性收入和營運資金的增長。
Third Quarter Highlights (for the three months ended December 31, 2023 compared to December 31, 2022)
第三季度亮點(截至2023年12月31日的三個月,與2022年12月31日的對比)
- Recurring revenue of $1,091,055 increased by 10% compared to $990,490. This represented 91% of total revenue compared to 73%.
- Total revenue of $1,199,353 decreased by 11% compared to $1,353,426.
- Gross profit of $769,453 decreased by 1% compared to $778,256.
- Cash balances of $2,985,849 increased by 46% compared to $2,044,346. The increased cash balances were leveraged to generate $29,116 of interest income, an increase of 136% compared to $12,329.
- Working capital of $3,573,334 increased by 25% compared to $2,860,366.
- 經常性收入爲1,091,055美元,與990,490美元相比增長了10%。這佔總收入的91%,而這一比例爲73%。
- 總收入爲1,199,353美元,與1,353,426美元相比下降了11%。
- 毛利爲769,453美元,與778,256美元相比下降了1%。
- 2,985,849美元的現金餘額與2,044,346美元相比增長了46%。現金餘額的增加被槓桿作用產生了29,116美元的利息收入,與12,329美元相比增長了136%。
- 營運資金爲3573,334美元,與2,860,366美元相比增長了25%。
"We are pleased to report continued growth in our recurring revenues and improvements to our working capital this quarter", said Mike Robb, President and Chief Executive Officer of AirIQ. "The Company continues to invest heavily into its sales and marketing initiatives in order to build the groundwork for driving further growth in recurring revenue organically. Furthermore, the Company's healthy cash balance, in conjunction with our line of credit, positions us well to pursue acquisitions as part of our growth strategy, all of which will lead to a strong base for future growth and profitability for our shareholders.", continued Mr. Robb.
AirIQ總裁兼首席執行官邁克·羅伯表示:“我們很高興地報告,本季度我們的經常性收入持續增長,營運資金有所改善。”“公司繼續對銷售和營銷計劃進行大量投資,以便爲有機推動經常性收入的進一步增長奠定基礎。此外,公司健康的現金餘額加上我們的信貸額度,使我們能夠將收購作爲增長戰略的一部分,所有這些都將爲股東的未來增長和盈利奠定堅實的基礎。“,羅伯先生繼續說道。
All dollar amounts set out herein are in Canadian dollars.
此處列出的所有美元金額均以加元爲單位。
Financial Statements & MDA
財務報表和 MDA
The Company's unaudited consolidated condensed interim financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
公司未經審計的合併簡明中期財務報表包括AirIQ及其子公司、AirIQ美國控股有限公司、AirIQ U.S., Inc.和AirIQ, LLC的賬目。合併後,所有公司間餘額和交易均已清除。
The Company's unaudited consolidated interim financial statements for the three and nine months ended December 31, 2023 and 2022 including notes thereto, and Management's Discussion and Analysis for the same period are being filed with the Canadian securities regulatory authorities on today's date, and will be available on the Company's website () and on the System for Electronic Document Analysis and Retrieval ("SEDAR") website (). The Company's financial statements include the accounts of AirIQ and its subsidiaries, AirIQ U.S. Holdings, Inc., AirIQ U.S., Inc., and AirIQ, LLC. All inter-company balances and transactions have been eliminated on consolidation.
公司截至2023年12月31日和2022年12月31日的三個月和九個月未經審計的合併中期財務報表(包括附註)以及管理層同期的討論和分析將於今天向加拿大證券監管機構提交,並將在公司網站()和電子文件分析與檢索系統(“SEDAR”)網站()上公佈。該公司的財務報表包括AirIQ及其子公司AirIQ美國控股有限公司、AirIQ U.S., Inc.和AirIQ, LLC的賬目。合併後,所有公司間餘額和交易均已清除。
About AirIQ
關於 AirIQ
AirIQ (TSXV:IQ) celebrated its 26th anniversary of its founding in 1997 and is a pioneer in IoT based asset management solutions. AirIQ's solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real time. The Company develops iOS and Android mobile and web-based applications, and cloud-based solutions that stand-alone or that can be readily integrated with existing software. AirIQ solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery powered solution for non-powered assets. For additional information on AirIQ please visit the Company's website at or follow us on LinkedIn, Facebook, and Twitter and Instagram.
AirIQ(多倫多證券交易所股票代碼:IQ)慶祝成立 26 週年第四 其成立於1997年的週年紀念,是基於物聯網的資產管理解決方案的先驅。AirIQ 的解決方案使商業企業能夠可靠、有效、高效地近乎實時地監控資產。該公司開發iOS和Android移動和基於網絡的應用程序,以及基於雲的解決方案,這些解決方案可以獨立使用,也可以很容易地與現有軟件集成。AirIQ 解決方案支持混合車隊,利用多種硬件選項提供車隊報告、維護、合規、安全和分析,包括完全集成的視頻遠程信息處理攝像機解決方案和針對非動力資產的電池供電解決方案。有關AirIQ的更多信息,請訪問該公司的網站,或在領英、臉書、推特和Instagram上關注我們。
Forward-Looking Statements
前瞻性陳述
This news release contains forward-looking information based on management's best estimates and the current operating environment. These forward-looking statements are related to, but not limited to, AirIQ's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains statements with words such as "hope", "goal", "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. These statements are based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements, including AirIQ's perception of historical trends, current conditions and expected future developments as well as other factors management believes are appropriate in the circumstances. Such forward-looking statements are as of the date which such statement is made and are subject to a number of known and unknown risks, uncertainties and other factors, which could cause actual results or events to differ materially from future results expressed, anticipated or implied by such forward-looking statements. Such factors include, but are not limited to, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Therefore, actual outcomes may differ materially from those expressed in such forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Other than as may be required by law, AirIQ disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of such information, future events or otherwise.
本新聞稿包含基於管理層最佳估計和當前運營環境的前瞻性信息。這些前瞻性陳述與但不限於AirIQ的運營、預期的財務業績、業務前景和戰略有關。前瞻性信息通常包含以 “希望”、“目標”、“預測”、“相信”、“期望”、“計劃” 等詞語或暗示未來結果的類似詞語的陳述。這些陳述基於前瞻性陳述中反映的在得出結論或進行預測或預測時適用的某些重要因素或假設,包括AirIQ對歷史趨勢、當前狀況和預期未來發展的看法,以及管理層認爲適合具體情況的其他因素。此類前瞻性陳述自發表此類聲明之日起生效,受許多已知和未知的風險、不確定性和其他因素的影響,這些因素可能導致實際業績或事件與此類前瞻性陳述所表達、預期或暗示的未來業績存在重大差異。這些因素包括但不限於市場和競爭的變化、技術和競爭的發展以及總體經濟狀況的潛在衰退。因此,實際結果可能與此類前瞻性陳述中表達的結果存在重大差異。提供前瞻性陳述的目的是提供有關管理層當前預期和未來計劃的信息。請讀者注意,此類信息可能不適用於其他目的。除法律要求外,AirIQ不表示有任何意圖或義務更新或修改任何此類前瞻性陳述,無論是由於此類信息、未來事件還是其他原因。
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For more information please contact:
欲了解更多信息,請聯繫:
AirIQ Inc.,
Michael Robb, President and Chief Executive Officer,
(905) 831-6444
mrobb@airiq.com
AirIQ Inc.,
總裁兼首席執行官邁克爾·羅布
(905) 831-6444
mrobb@airiq.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE: AirIQ Inc.
來源:AirIQ Inc.
譯文內容由第三人軟體翻譯。