Ineo Tech Stock Price, News & Analysis

INEO Tech Corp. (OTCQB: INEOF) has successfully acquired Securitytags.com, a US online reseller of EAS security products. This strategic acquisition includes the Securitytags.com domain, website, inventory, and customer list, enhancing INEO's eCommerce capabilities. Additionally, INEO has opened a staging warehouse in Vancouver, Washington, enabling 48-hour shipping across the continental US. The acquisition positions INEO to capitalize on existing customer relationships and expand its market presence with the introduction of proprietary products.

INEO Tech Corp. (OTCQB: INEOF) reported a 61% increase in revenue and a 93% boost in gross profit for the first quarter ended September 30, 2021, generating $238,671 in revenue and $109,119 in gross profit. Despite these gains, the company recorded a net loss of $731,466. A significant partnership with Prosegur aims to expand the INEO Media Network, leveraging patented technology for enhanced advertising analytics in retail environments. The firm also announced it is trading on the OTCQB to increase visibility among U.S. investors.

INEO Tech Corp. has launched the INEO Welcoming G.A.T.E., a next-generation Electronic Article Surveillance (EAS) product designed for retail theft protection. It complements the existing INEO Welcoming System, enhancing loss prevention capabilities and providing video capture and traffic analytics. Currently installed in selected retail locations in Canada and the US, it can be mounted on the floor or wall. The system operates in both 58KHz and 8.2MHz frequency spectrums, catering to retailers' needs for customizable solutions.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced it will release its 2022 Fiscal First Quarter financial results on November 29, 2021, before market open. The Company provides location-based digital advertising and loss prevention solutions for retailers. Following the results announcement, an investor webinar will take place at 12:00 PM EST featuring CEO Kyle Hall, Chairman Greg Watkin, and Head of Investor Relations Pardeep S. Sangha, who will discuss the financial results and business outlook.

INEO Tech Corp. has strengthened its patent portfolio by filing a new patent on November 12, 2021, for its Welcoming System technology. This innovation aims to enhance detection range for loss prevention tags, exceeding industry standards while reducing interference from ambient noise. The patent application includes over 30 claims and is expected to transition to a Patent Cooperation Treaty filing, expanding protection to the US and Europe. INEO's latest patent will also facilitate the development of new detection pedestals to broaden the use cases for its Welcoming System.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity on the TSX Venture Exchange. The agreement, effective November 9, 2021, includes a cash fee of $5,000 per month for a minimum of three months, with automatic monthly extensions unless terminated. ITG will not receive shares as compensation and has no prior interests in INEO. The market-making initiative aims to ensure an orderly trading market for INEO's securities.

INEO Tech Corp. has entered a global partnership with Prosegur EAS to enhance its INEO Media Network. This collaboration enables Prosegur to manufacture and distribute INEO's patented Welcoming Systems, improving in-store advertising and loss prevention for retailers. Prosegur will manage installation and maintenance, while INEO will focus on online operations and advanced analytics. This deal is expected to significantly expand INEO's market presence and technology capabilities, positioning the company for substantial future growth.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) reported a 41% increase in annual revenue for fiscal 2021, totaling $745,160, compared to $526,954 in 2020. The company achieved a gross profit of $290,196, slightly up from $285,223 the previous year. However, INEO faced a net operating loss of $2,319,087, a significant increase from $1,110,883 in 2020, primarily due to rising operating expenses. INEO maintains a strong cash position with $5,199,328 as of June 30, 2021, and is optimistic about fiscal 2022, driven by partnerships and a robust sales pipeline.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) will release its 2021 Fiscal Fourth Quarter and Annual financial results for the period ending June 30, 2021, on October 28, 2021, before the market opens. A webinar to discuss these results will take place on the same day at 1:00 PM EST, featuring CEO Kyle Hall and other executives. INEO Tech provides innovative location-based digital advertising and analytics solutions, incorporating IoT and AI technologies for customized advertising in retail settings.