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) has received Conditional Approval to list its common stock on the NEO Exchange in Canada, pending fulfillment of remaining conditions. This listing aims to enhance visibility and liquidity, offering greater exposure to investors. Logiq’s recent acquisitions and expansions into eCommerce and fintech have strengthened its market position, alongside a diverse customer base including Fortune 1000 companies. However, final approval for the listing is still uncertain, hinging on the company meeting all applicable requirements.
Logiq, Inc. (OTCQX: LGIQ) reported a 9.4% revenue increase to $37.9 million for 2020, driven by the acquisition of DataLogiq. However, fourth-quarter revenue fell 34.3% to $6.6 million due to COVID-19 impacts. Gross profit for the year rose 2.0% to $6.4 million, with improved margins in the AppLogiq segment reaching 25.6% by Q4. The company experienced a net loss of $14.5 million for the year, up from $6.5 million the previous year. Logiq plans to pursue uplisting on the NEO Exchange and continues developing its digital marketing capabilities through acquisitions.
Logiq, Inc. (OTCQX: LGIQ) has announced the acquisition of Rebel AI, enhancing its digital marketing capabilities aimed at small and medium-sized businesses (SMBs). The new platform, Logiq Digital Marketing, will simplify advertising and reduce customer acquisition costs using AI and blockchain technology. CEO Tom Furukawa highlighted that this acquisition aligns with Logiq's strategic goals, aiming to expedite their digital marketing initiatives. The platform is designed to empower SMBs, which have been underserved by traditional marketing technologies.
Logiq, Inc. (OTCQX: LGIQ) has partnered with Comviva to provide digital wallet and payment services in Indonesia, utilizing Logiq's PayLogiq platform and Comviva's mobiquity® Pay solution. This collaboration will facilitate micro-lending services for members of BPJSTK, Indonesia's social security agency, benefiting 48 million individuals and 600,000 SMBs. The services will enable financial transactions including loans, bill payments, and insurance access via mobile devices. Logiq aims to enhance digital financial access and boost economic activity through this strategic partnership.
Logiq, Inc. (OTCQX: LGIQ) has announced a conference call scheduled for March 30, 2021, at 1:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2020. Details regarding the call, including dial-in numbers and a replay option, have been provided. Logiq focuses on eCommerce and fintech solutions, catering to various enterprises with services like DataLogiq and AppLogiq.
Logiq, Inc. (OTCQX: LGIQ) has launched a new food delivery service named “Dine In Your Car” at Pondok Indah Mall in Jakarta, Indonesia. This service allows customers to order from 65 restaurants directly to their vehicles via the GoLogiq app. Logiq plans to expand this service to include groceries and additional malls, responding to post-COVID consumer behavior. As of now, GoLogiq has over 128,000 app users and is experiencing a recovery in orders post-pandemic. A major fintech provider has partnered with GoLogiq to enhance the service's rollout.