Ineo Tech Stock Price, News & Analysis

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) will participate in the RILA Asset Protection Conference from April 30 to May 3, 2023, held in Denver, CO. The conference, hosted by the Retail Industry Leaders Association, gathers over 1,000 retail asset protection leaders for discussions on workforce safety and emerging technology. Kyle Hall, CEO of INEO, will attend and demonstrate the INEO Welcoming System at the Prosegur Security booth (#600) located at The Gaylord Rockies Resort & Convention Center. This event highlights INEO's innovative digital advertising solutions and analytics for retailers, showcasing their patented technology that integrates digital screens with theft detection.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has announced participation in two major industry conferences in March 2023. The Retail Secure Conference will be held in Mississauga, ON on March 21, and the 2023 OAAA/Geopath OOH Media Conference will take place in Nashville, TN from March 27-29. CEO Kyle Hall will attend both events, showcasing the INEO Welcoming System at the Retail Secure Conference. This participation highlights INEO’s commitment to addressing loss prevention and enhancing digital advertising solutions for retailers, leveraging their patented technology for improved retail analytics.

INEO Tech Corp. (OTCQB: INEOF) reported a significant financial boost for fiscal Q2 2023, achieving a 50% year-over-year increase in revenue, totaling $386,425, and a 92% increase in gross profit to $181,210. The company highlighted a gross margin of 46.89%. Despite these financial gains, INEO reported a net loss of $981,707, widening from a loss of $761,776 in the same quarter the previous year. The company's expansion includes installations of INEO Welcoming Systems across eleven U.S. states, marking a strong start to its 2023 rollout schedule.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) announces it is ahead of schedule for its 2023 Welcoming System deployment, having installed 50 units in various retail locations across the United States. The INEO Welcoming System, designed for digital advertising and theft protection, integrates into retailers' networks. The Company aims to expand further, focusing on major cities and leveraging partnerships with over 3,000 retail locations. CEO Kyle Hall emphasizes the significant milestone and the commitment to bringing this technology to more stores, while Chairman Greg Watkin highlights the rapid growth in response to demand for their innovative solutions.

INEO Tech Corp. (OTCQB: INEOF) will announce its Fiscal 2023 Second Quarter financial results on February 28, 2023, before market open. The company operates the INEO Media Network, a digital advertising solution leveraging AI and IoT technologies for retailers. Following the results announcement, a webinar will take place at 10:00 am PT featuring key executives, including the CEO, to discuss performance and future outlook. Investors can register for the webinar via a provided link. For more details on INEO's operations and technology, visit their official website.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) has launched the INEO Welcoming Greeter, a new stand-alone pedestal-based advertising display aimed at enhancing retail advertising capabilities. This innovation is part of INEO's comprehensive suite of Retail Media Network products. The Welcoming Greeter integrates with existing INEO systems to maximize digital advertising across retail locations, promising to generate additional revenue for retailers. The product is designed with customizability and features such as AI communication and hand gesture recognition to improve customer interactions, contributing to increased in-store engagement.

Winning Brands Corporation (OTC PINK:WNBD) announced a strategic alliance with INEO Solutions Inc. (OTCQB:INEOF) on January 18, 2023. This partnership aims to enhance retail experiences through their combined technologies, which include INEO's digital advertising and GestureTek's touchless display engagement. The collaboration is designed to increase consumer interaction, leading to more time spent in stores and improved brand recall. INEO's patented systems enhance retail security and advertising, making the partnership beneficial for both companies and their retail clients. The alliance is expected to drive revenue growth through coordinated sales initiatives.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced its participation at the NRF 2023 Retail's Big Show in New York City, debuting the RFID-enabled INEO Welcoming System. This innovative system detects RFID-tagged products, enhancing loss prevention by identifying stolen items in real-time. CEO Kyle Hall and Chairman Greg Watkin will showcase this technology at the Prosegur Security booth. The event occurs from January 15-17, 2023, featuring a vast expo and educational programming for retailers.

INEO Tech Corp. has appointed Eugene Syho as an independent director and member of the Audit Committee, effective December 29, 2022. With over 25 years of experience in finance, Mr. Syho has held CFO positions in various sectors, including technology and retail. His appointment is expected to enhance INEO's growth as it expands globally in the retail media space. The company also announced the resignation of Serge Gattesco from the board. Additionally, INEO clarified details regarding its public offering of 12,025,000 units at $0.12 each, raising a total of $1,443,000.