New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.8% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (CA$13.1m market cap, or US$9.23m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$6.0m revenue, or US$4.2m). New Risk • Jun 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.26m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.8% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (CA$13.1m market cap, or US$9.26m). Minor Risk Revenue is less than US$5m (CA$6.0m revenue, or US$4.2m). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Gabriel Bouchard-Phillips was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 27
Third quarter 2026 earnings released: EPS: CA$0.006 (vs CA$0.001 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.006 (up from CA$0.001 in 3Q 2025). Revenue: CA$1.71m (up 31% from 3Q 2025). Net income: CA$103.0k (up 268% from 3Q 2025). Profit margin: 6.0% (up from 2.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Feb 06
President exercised options to buy CA$240k worth of stock. On the 5th of February, Michael Robb exercised options to buy 490k shares at a strike price of around CA$0.11, costing a total of CA$54k. This transaction amounted to 44% of their direct individual holding at the time of the trade. Since September 2025, Michael has owned 1.12m shares directly. Company insiders have collectively bought CA$98k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Feb 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.4m market cap, or US$9.81m). Minor Risks Profit margins are more than 30% lower than last year (3.9% net profit margin). Revenue is less than US$5m (CA$5.6m revenue, or US$4.1m). New Risk • Dec 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.4m market cap, or US$9.56m). Minor Risks Profit margins are more than 30% lower than last year (3.9% net profit margin). Revenue is less than US$5m (CA$5.6m revenue, or US$4.0m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: CA$0.12 (vs CA$0.001 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.12 (up from CA$0.001 in 2Q 2025). Revenue: CA$1.53m (up 20% from 2Q 2025). Net income: CA$136.0k (up 369% from 2Q 2025). Profit margin: 8.9% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$1.42m (down 14% from 1Q 2025). Net income: CA$16.0k (down 85% from 1Q 2025). Profit margin: 1.1% (down from 6.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annuncio • Jul 22
AirIQ Inc., Annual General Meeting, Sep 23, 2025 AirIQ Inc., Annual General Meeting, Sep 23, 2025. Location: ontario, pickering Canada Reported Earnings • Jul 18
Full year 2025 earnings released: EPS: CA$0.01 (vs CA$0.03 in FY 2024) Full year 2025 results: EPS: CA$0.01 (down from CA$0.03 in FY 2024). Revenue: CA$5.54m (flat on FY 2024). Net income: CA$203.0k (down 77% from FY 2024). Profit margin: 3.7% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Feb 21
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$1.31m (up 9.0% from 3Q 2024). Net income: CA$28.0k (down 79% from 3Q 2024). Profit margin: 2.1% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$11.8m market cap, or US$8.30m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Revenue is less than US$5m (CA$5.3m revenue, or US$3.7m). Reported Earnings • Nov 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$1.27m (down 5.8% from 2Q 2024). Net income: CA$29.0k (down 84% from 2Q 2024). Profit margin: 2.3% (down from 14% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$1.65m (down 5.8% from 1Q 2024). Net income: CA$107.0k (down 69% from 1Q 2024). Profit margin: 6.5% (down from 20% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 23
AirIQ Inc., Annual General Meeting, Sep 17, 2024 AirIQ Inc., Annual General Meeting, Sep 17, 2024. Location: ontario, pickering Canada Reported Earnings • Jul 19
Full year 2024 earnings released: EPS: CA$0.03 (vs CA$0.13 in FY 2023) Full year 2024 results: EPS: CA$0.03 (down from CA$0.13 in FY 2023). Revenue: CA$5.51m (up 9.2% from FY 2023). Net income: CA$869.0k (down 77% from FY 2023). Profit margin: 16% (down from 73% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 12
AirIQ Inc. Announces the Appointment of Michael T. Lawless as Chief Revenue Officer AirIQ Inc. announced the appointment of Michael T. Lawless as Chief Revenue Officer. With over 20 years of sales leadership experience in technology and wireless industries, Mr. Lawless has a track record of generating new revenue streams through strategic partnerships and business development. Mr. Lawless will be responsible for the expansion of customer segments and business partnerships and will be influential in creating a strategic plan for boosting revenue streams. Mr. Lawless has held senior sales positions at Direct Communication Solutions Inc., Metrum Technologies, Kyocera, and NexAira prior to joining the team at AirIQ. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (83% accrual ratio). Market cap is less than US$10m (CA$12.1m market cap, or US$8.90m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$5.6m revenue, or US$4.1m). Reported Earnings • Feb 23
Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.006 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.01. Revenue: CA$1.20m (down 11% from 3Q 2023). Net income: CA$135.0k (down 18% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (90% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (CA$5.8m revenue, or US$4.3m). Market cap is less than US$100m (CA$14.7m market cap, or US$10.9m). Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.009 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.01. Revenue: CA$1.35m (up 15% from 2Q 2023). Net income: CA$182.0k (down 36% from 2Q 2023). Profit margin: 14% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 25
First quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.009 in 1Q 2023) First quarter 2024 results: EPS: CA$0.01 (up from CA$0.009 in 1Q 2023). Revenue: CA$1.76m (up 43% from 1Q 2023). Net income: CA$349.0k (up 34% from 1Q 2023). Profit margin: 20% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 01
AirIQ Inc., Annual General Meeting, Sep 20, 2023 AirIQ Inc., Annual General Meeting, Sep 20, 2023. Agenda: Annual and Special Meeting. Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: CA$0.13 (vs CA$0.019 in FY 2022) Full year 2023 results: EPS: CA$0.13 (up from CA$0.019 in FY 2022). Revenue: CA$5.05m (up 16% from FY 2022). Net income: CA$3.69m (up CA$3.13m from FY 2022). Profit margin: 73% (up from 13% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Jun 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (50% accrual ratio). Market cap is less than US$10m (CA$8.81m market cap, or US$6.65m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$4.8m revenue, or US$3.7m). Annuncio • May 31
Airiq Inc. Announces That Gabriel Bouchard-Phillips Has Been Elected to the Company's Board of Directors AirIQ Inc. announced that Gabriel Bouchard-Phillips CPA, CA, CFA has been elected to the Company's Board of Directors. Mr. Bouchard-Phillips holds a CPA designation and is a Partner and Senior Portfolio Manager at Van Berkom Global Asset Management. He has been at the firm for over 12 years and manages a Canadian Small Cap portfolio, delivering excellent returns. Previously, he spent 3 years at Deloitte's Technology, Media & Telecommunications (TMT) industry group, having audited several TSX listed issuers. Mr. Bouchard-Phillips personally owns approximately 7% of AirIQ, so is very much aligned with shareholders, management and the board. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.003 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.006 (up from CA$0.003 in 3Q 2022). Revenue: CA$1.35m (up 33% from 3Q 2022). Net income: CA$165.0k (up 92% from 3Q 2022). Profit margin: 12% (up from 8.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.008 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.01 (up from CA$0.008 in 2Q 2022). Revenue: CA$1.17m (flat on 2Q 2022). Net income: CA$282.0k (up 22% from 2Q 2022). Profit margin: 24% (up from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Geoff Rotstein was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Sep 14
AirIQ Inc. Announces Chief Financial Officer Changes AirIQ Inc. announced the appointment of Bora (Kate) Kwak as its Chief Financial Officer. Ms. Kwak is a Chartered Professional Accountant with several years accounting experience in the retail and insurance industries, and most recently as a Senior Accountant at a major retail chain publicly listed on the Toronto Stock Exchange. Ms. Kwak replaces Saleem Khan, the Company's Interim Chief Financial Officer, whose term ended August 31, 2022. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.006 in 1Q 2022) First quarter 2023 results: EPS: CA$0.01 (up from CA$0.006 in 1Q 2022). Revenue: CA$1.23m (up 14% from 1Q 2022). Net income: CA$260.0k (up 49% from 1Q 2022). Profit margin: 21% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 16
AirIQ Inc., Annual General Meeting, Sep 14, 2022 AirIQ Inc., Annual General Meeting, Sep 14, 2022. Reported Earnings • Jul 15
Full year 2022 earnings released Full year 2022 results: Revenue: CA$4.37m (up 18% from FY 2021). Net income: CA$567.0k (up 26% from FY 2021). Profit margin: 13% (in line with FY 2021). Annuncio • Jun 09
Airiq Inc. Appoints Saleem Khan as Interim Chief Financial Officer AirIQ Inc. announced the appointment of Saleem Khan as the Interim Chief Financial Officer of the company. Mr. Khan is a CPA with over ten years of professional experience holding controller and manager positions in various technology and software companies, including companies listed on the TSX and NYSE. Mr. Kahn's appointment as Interim Chief Financial Officer of the Company is effective immediately, but is subject to review and approval by the TSX Venture Exchange. Board Change • May 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Geoff Rotstein was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 19
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.002 in 3Q 2021). Revenue: CA$1.02m (up 13% from 3Q 2021). Net income: CA$86.0k (up 21% from 3Q 2021). Profit margin: 8.5% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 12
Now 22% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be CA$0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years. Reported Earnings • Nov 20
Second quarter 2022 earnings released: EPS CA$0.005 (vs CA$0.006 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: CA$1.18m (up 25% from 2Q 2021). Net income: CA$231.0k (up 38% from 2Q 2021). Profit margin: 20% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Aug 21
First quarter 2022 earnings released: EPS CA$0.006 (vs CA$0.006 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: CA$1.08m (up 19% from 1Q 2021). Net income: CA$175.0k (down 3.3% from 1Q 2021). Profit margin: 16% (down from 20% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 17
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$3.71m (down 26% from FY 2020). Net income: CA$449.0k (down 37% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 05
New 90-day low: CA$0.31 The company is down 15% from its price of CA$0.36 on 03 December 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.002 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$900.0k (up 4.2% from 3Q 2020). Net income: CA$71.0k (up 14% from 3Q 2020). Profit margin: 7.9% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 05
New 90-day low: CA$0.34 The company is down 24% from its price of CA$0.44 on 06 October 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 21% over the same period. Reported Earnings • Nov 21
Second quarter 2021 earnings released: EPS CA$0.004 The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: CA$946.0k (down 33% from 2Q 2020). Net income: CA$167.0k (down 30% from 2Q 2020). Profit margin: 18% (up from 17% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 06
New 90-day high: CA$0.42 The company is up 93% from its price of CA$0.22 on 08 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 2.0% over the same period. Annuncio • Sep 26
Vecima Networks Inc. (TSX:VCM) signed a definitive agreement to acquire 19.29% stake in AirIQ Inc. (TSXV:IQ) from 2204671 Ontario Inc for CAD 0.97 million. Vecima Networks Inc. (TSX:VCM) acquired 19.29% stake in AirIQ Inc. (TSXV:IQ) from 2204671 Ontario Inc and Donald Gibbs for CAD 0.97 million on October 24, 2017. Under the terms of an agreement, Vecima Networks issued 0.09 million common shares to acquire 5.582 million common shares of AirIQ. Vecima previously held 0.57 million AirIQ shares, representing 2% of the issued and outstanding shares of AirIQ. As a result of the transaction, Vecima will hold approximately 6.15 million AirIQ shares, representing 21.3% of the issued and outstanding shares of AirIQ.
Vecima Networks Inc. (TSX:VCM) completed the acquisition of 19.29% stake in AirIQ Inc. (TSXV:IQ) from 2204671 Ontario Inc and Donald Gibbs on October 24, 2017. Is New 90 Day High Low • Sep 18
New 90-day high: CA$0.36 The company is up 67% from its price of CA$0.21 on 17 June 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period.