Ineo Tech Stock Price, News & Analysis

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.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) announces an investor webinar on December 7, 2022, at 10:00 am PT. Management will discuss the fiscal 2023 Q1 results, including a remarkable 74% year-over-year revenue increase for the quarter ending September 30, 2022. The company has not felt any recessionary impacts and is actively deploying systems with large retailers. The overall outlook for INEO remains positive as they ramp up installation locations and customer deployments despite the challenging macroeconomic environment.

INEO Tech Corp. (OTCQB: INEOF) reported a robust performance in Q1 2023, showcasing a 74% increase in year-over-year revenue, totaling $416,086, and a 90% increase in gross profit, reaching $207,646. The company’s sales pipeline has expanded, representing over $40 million in annual recurring revenue. INEO successfully completed a Public Offering and Private Placement, generating C$2.74 million to support its growth and technology deployment. Despite macroeconomic challenges, INEO continues to thrive with significant sales activity and partnerships.

INEO Tech Corp. (OTCQB: INEOF) reported a 67% increase in year-over-year revenue and a 74% increase in gross profit for fiscal 2022, totaling $1.25M in revenue. The company achieved a remarkable 93% revenue growth in Q4 compared to Q4 2021. INEO has expanded its sales pipeline to over $40M in annual recurring revenue across 1,500 direct locations and 8,000 through its partnership with Prosegur, signaling substantial growth potential. INEO expects record revenue in fiscal 2023, supported by the expansion of its INEO Media Network.

INEO Tech Corp. has filed a Patent Cooperation Treaty (PCT) application to globally secure its proprietary technology. The core patent integrating digital media display with Electronic Article Surveillance (EAS) loss prevention technology has been granted in the U.S., Canada, and Europe. Recently, INEO also filed for a design patent for its INEO Welcoming GATE system, extending its protection to the U.S. and Europe. INEO's strategy aims to maintain an industry-leading position and monetize its innovative patents, with partnership support from Prosegur for patent defense against competitors.

INEO Tech Corp. (OTCQB: INEOF) announces significant advancements in its retail partnerships, expanding its presence with large US and Canadian retailers across over 1,500 store locations. Collaborations with distribution partner Prosegur have allowed commitments for pilot installations at over 8,000 locations in the US. The company aims to deploy its INEO Welcoming System at more than 1,000 sites, successfully piloted in Vancouver. With a sales pipeline exceeding $40 million in recurring revenue, INEO is poised for growth in retail media networks, integrating digital advertising with loss prevention systems.

INEO Tech Corp. has partnered with Adapt Media to market its Digital-Out-Of-Home (DOOH) advertising inventory for national advertising campaigns across Canada. This collaboration aims to enhance INEO's advertising pipeline by leveraging Adapt's established presence and experience in the Out-Of-Home advertising sector. INEO's Retail Media Network reaches over 2.4 million shoppers monthly through digital displays. The partnership is expected to broaden INEO's customer base and improve advertising revenues for both companies by utilizing their technology and expertise.

INEO Tech Corp. (TSX-V: INEO, OTCQB: INEOF) announced a significant increase in its sales pipeline, now exceeding $40 million in annual recurring revenue. This growth is attributed to active pilot programs with large retail chains across various sectors, including groceries and pharmacies. INEO expects to report record revenue growth of nearly 90% in Q4-2022 compared to Q4-2021. The company has successfully engaged over 30 major brands using its digital advertising solutions, enhancing advertising fill rates significantly. A corporate update webinar recording from July 27, 2022, is now available on their website.