Logiq Inc Stock Price, News & Analysis

Logiq, Inc. (LGIQ) reported Q2 2021 results with a 3% sequential revenue increase to $8.3 million. Gross margin improved to 29.5%, a rise of 1.9 percentage points from Q1 2021 and 16.4 points year-over-year. DataLogiq revenues surged 49% to $5.5 million, while AppLogiq revenues fell 50% to $2.8 million. The company saw a net loss of $5.0 million, up from $1.7 million in Q2 2020. Cash reserves reached $5.8 million. Significant developments included the launch of a new audio marketing channel and partnerships enhancing their mobile payment solutions.

Logiq, Inc. (NEO: LGIQ) (OTCQX: LGIQ), a leading provider of e-commerce and fintech solutions, will host a conference call on August 16, 2021, at 4:30 p.m. ET to discuss its second quarter financial results for the period ending June 30, 2021. A press release detailing the financial results will precede the call. Logiq's platform, including services like CreateAPP™, AtozPay™, and AtozGo™, supports small and medium businesses in enhancing their online presence and streamlining operations.

Logiq, Inc. (NEO: LGIQ) (OTCQX: LGIQ) has partnered with GumGum to enhance its digital advertising capabilities for e-commerce marketers. The partnership integrates GumGum's contextual intelligence solution, Verity™, into Logiq Digital Marketing's platform. This solution uses AI to analyze various media types, providing better context for ad placements. The integration, expected in Q3 2021, aims to improve targeting efficiency while protecting brand integrity. Verity has shown a lower cost-per-click compared to behavioral advertising, highlighting its potential operational benefits.

Logiq announced the partial exercise of the over-allotment option related to its C$5,929,302 initial public offering that closed on June 21, 2021. An additional 201,700 Units were issued, raising total gross proceeds to approximately C$6,534,402. Each Unit comprises one share of common stock and one warrant, exercisable at C$3.50 for 36 months. The funds will support the development of data analytics tools, marketing, and working capital needs. The offering was led by Research Capital Corporation.

Logiq, Inc. (NEO: LGIQ) has expanded its Logiq Digital Marketing™ platform to include direct media buying access in the Asia Pacific (APAC) region. This expansion offers small and medium-sized businesses affordable access to localized media, optimizing delivery times to 50 milliseconds. With digital advertising in APAC expected to grow significantly, this initiative positions Logiq to tap into emerging markets. The growth aligns with U.S. businesses seeking international expansion to increase revenue. LDM aims to level the playing field against larger competitors, enabling more effective e-commerce marketing strategies.

Logiq, Inc. (NEO: LGIQ) has appointed Steven Hartman as the new Chief Operating Officer, succeeding Daniel Urbino. Hartman, who previously served as Chief Product Officer, brings over 25 years of experience in enterprise software and marketing. His notable achievements include leading the integration of Rebel AI into Logiq Digital Marketing and overseeing the marketing for the company’s IPO. Logiq provides e-commerce and fintech solutions aimed at supporting small- and medium-sized businesses globally.

Logiq, Inc. (NEO: LGIQ) has partnered with Peer39 to enhance its Digital Marketing platform. This collaboration aims to provide small and medium-sized brands with advanced contextual advertising solutions, integrating real-time media assessments, local weather targeting, and brand safety controls. As regulations around third-party data evolve, the partnership positions Logiq to better serve e-commerce needs through customized contextual targeting. Launching in mid-Q3 2021, clients can expect improved ad placement precision and enhanced marketing campaign results.

Logiq, Inc. (NEO: LGIQ) has teamed up with Mentalku in Indonesia to introduce a mobile payment solution for psychological testing, essential for driver license applications. The integration of Logiq's AtozPay™ into Mentalku's app enables millions of Indonesians to pay easily for mandatory evaluations. Following a pilot in East Java, expansion plans include West Java and other provinces. The partnership aims to digitize government services, providing a contactless payment method while supporting Indonesia's shift towards digital transactions.

Logiq, a global provider of e-commerce and fintech solutions, has launched a new audio digital marketing channel on its Logiq Digital Marketing (LDM) platform. This addition allows digital marketing agencies to implement audio advertising in their campaigns, tapping into the growing demand for digital audio advertising, which is projected to surpass $1 billion in podcast ad spending in the U.S. by 2021. With features like access to premium audio media and bulk ad uploads, LDM aims to empower both agencies and small businesses to enhance their marketing strategies.