Welcome to our dedicated page for Logiq news (Ticker: LGIQ), a resource for investors and traders seeking the latest updates and insights on Logiq stock.
Logiq, Inc. (LGIQ) generates news across two distinct but connected themes: its legacy role in digital consumer acquisition and its newer focus on health, biotech, medical devices, and animal health. Historically, the company has issued updates on its AI-powered programmatic advertising platform, including fraud detection capabilities, client wins, and corporate initiatives related to its DataLogiq (DLQ) business and proposed SPAC merger with Abri SPAC I, Inc.
More recent announcements emphasize Logiq's strategic shift toward the medical field. Investors and observers can find coverage of the definitive agreement to acquire MedLab Essentials, LLC, a company focused on cell and gene therapy and cell-based therapies for challenging cancers, age-related diseases, and longevity applications. News also includes details of the definitive agreement to acquire EVIMATE, a developer of AI-enabled vital sign monitoring and remote patient monitoring devices.
Another important area of Logiq news involves its veterinarian division, associated with Amino Medic Ltd., and the launch of AVR BIOVET™, a copper-based organic feed additive designed to support growth, immune function, and overall health in animals. Company communications discuss the product's composition, testing, and potential role in animal health and organic production.
On this page, readers can review press releases related to acquisitions, business model updates, capital markets plans, SPAC-related milestones, and product introductions in both digital advertising and health-focused lines of business. For those tracking LGIQ, the news flow provides insight into how the company describes its transition from e-commerce and ad tech toward cell and gene therapy, longevity medicine, medical devices, and animal health solutions.
Logiq, Inc. (OTCQX: LGIQ) reported a positive transformation in its business during an interview with CEO Brent Suen. The company has achieved significant year-over-year revenue growth and improved margins, aided by strategic acquisitions and a reorganization. Logiq's balance sheet is now healthier, and it aims for a NASDAQ listing amidst strong customer acquisition activity, including partnerships with major companies. The board has been strengthened with independent directors, enhancing governance and supporting the company’s growth trajectory.
Logiq, Inc. (OTCQX: LGIQ) reported preliminary third quarter results, with expected revenues exceeding $7.7 million, reflecting a 10% increase year-over-year. The company's gross margin is anticipated to rise to over 29%, nearly doubling from 15.8% from the previous year. President Brent Suen stated that this performance indicates a successful transformation towards higher-margin revenue streams and sets a pathway towards profitability. The full results will be disclosed on November 15, 2021.
Logiq, Inc. (OTCQX: LGIQ) announced that its Logiq Consumer Marketplace (LCM) advanced scoring system is enhancing its customer acquisition strategies. The technology aids in effective media buying, allowing for tailored consumer experiences. With an established presence in the Medicare insurance sector, Logiq is poised to expand its market offerings during the upcoming enrollment period. The company utilizes first-party data to refine consumer profiles, benefiting major brands and agencies across diverse industries.
Logiq, Inc. (OTCQX: LGIQ) announced updates on employee stock transactions in a press release dated October 25, 2021. CEO Tom Furukawa forfeited 16,666 shares and COO Steven Hartman forfeited 5,764 shares to cover tax liabilities related to restricted stock units. An erroneous report suggested these shares were sold, but they were canceled and returned to the treasury. Additionally, President Brent Suen purchased 24,000 shares at $3.21 each. This marks the first instance under a new employee equity incentive plan allowing forfeiture of shares for tax obligations.
Logiq, Inc. (NEO: LGIQ) (OTCQX: LGIQ) has scheduled a conference call for November 15, 2021, at 5:00 p.m. Eastern time to discuss Q3 financial results for the period ending September 30, 2021. A press release will precede the call, which will include a question-and-answer session with management. The call will feature a toll-free dial-in option, and a replay will be available on the company's website until November 29, 2021. Logiq provides e-commerce and fintech solutions, including CreateApp for mobile app development and AtozPay for mobile payments.
Logiq has enhanced its Logiq Digital Marketing platform by integrating Semcasting's advanced targeting capabilities, improving client access to consumer data. Semcasting's technology enables marketers to utilize offline customer data for targeted online campaigns, leveraging a consumer repository of over 235 million individuals across 400 million devices. This partnership aims to overcome restrictions on third-party cookies, enhancing the effectiveness of online marketing strategies. The integration is expected to yield a 20-40% improvement in campaign performance, positioning Logiq for growth in a competitive digital marketing landscape.
Logiq, Inc. (OTCQX: LGIQ) has engaged The Benchmark Company to explore strategic alternatives aimed at enhancing shareholder value. The potential options include mergers and acquisitions for its DataLogiq business or spinning off its AppLogiq division, which features services like PayLogiq e-Wallet and GoLogiq food delivery. Brent Suen, Logiq's president, highlighted opportunities for consolidation in the fragmented digital marketing sector and growth potential in the Southeast Asia fintech market, emphasizing the drive to maximize shareholder value.
Logiq (NEO: LGIQ) (OTCQX: LGIQ) has announced the expansion of its Logiq Digital Marketing™ platform to include geofencing-based targeting. This innovative technology enhances marketers' ability to deliver highly personalized ads by utilizing precise geographic boundaries around physical locations. Unlike traditional geotargeting, geofencing allows brands to reach customers within a narrow radius, such as a single store, thereby increasing ad relevance and consumer engagement. This solution also respects user privacy, ensuring no Personally Identifying Information is accessed.
Logiq Inc. (NEO: LGIQ), a provider of e-commerce and fintech solutions, predicts strong growth following strategic mergers and acquisitions (M&A) and a spinoff of its emerging markets business units. Recent acquisitions have established DataLogiq as a leader in automated marketing technology. Logiq is exploring further M&A opportunities while considering a spinoff of AppLogiq to focus on growth in its DataLogiq segment. AppLogiq has shown a significant turnaround, with Q2 2021 gross profit increasing 38% to $901,000, highlighting its potential in emerging markets.
Logiq, a global provider of e-commerce and fintech solutions, has expanded its Logiq Digital Marketing™ platform to include geofencing-based targeting. This innovation allows marketers to precisely deliver customized messages to consumers based on their real-time location, enhancing marketing efficiency. As consumer data privacy regulations tighten, Logiq's geofencing approach utilizes anonymous location data, addressing privacy concerns. The global geofencing services market is projected to grow at a 27% CAGR, reaching over $2.3 billion by 2023. The new geofencing capabilities are available immediately for users of the platform.