Tillkännagivande • May 16
Logiq, Inc. announced delayed 10-Q filing On 05/15/2023, Logiq, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Jan 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Ross O'Brien was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Jan 05
Logiq, Inc. Announces Board Changes Effective January 2, 2023, Chris Andrews, 46, was appointed to serve as Logiq, Inc.'s Chief Operating Officer. Mr. Andrews previously served as the Chief Digital Officer of MediaJel, Inc. from June 15, 2021 to December 31, 2022, a digital marketing company for businesses in regulated industries. Prior to that, Mr. Andrews held the Chief Digital Officer role of Kubient, Inc. from June 17, 2019 to May 31, 2021. From March 2017 to June 2019, he was employed as the Chief Technology Officer of Ogilvy CommonHealth Worldwide. From November 2006 to February 2017, he was the Chief Information Officer of Ogilvy CommonHealth Worldwide. Mr. Andrews holds a Bachelor of Science and Masters of Business Administration from the New Jersey Institute of Technology. On December 29, 2022, John MacNeil, the Company's previous Chief Operating Officer, notified the Company of this resignation from his role, effective December 30, 2022. Mr. MacNeil's departure was not the result of any dispute or disagreements with the Company on any matter relating to the Company's operations, policies orpractices. On December 28, 2022, Matthew Burlage, Josh Jacobs and Lea Hickman resigned from their positions as members of the board of directors (the Board") of the Company. Mr. John MacNeil also resigned from his position as member of Board effective December 30, 2022. None of the directors' departures were the result of any dispute or disagreements with the Company on any matter relating to the Company's operations, policies or practices. Brent Suen, Lionel Choong and Ross O'Brien will continue to serve as directors on the Company's Board. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.22 loss per share (vs US$0.25 loss in 3Q 2021) Third quarter 2022 results: US$0.22 loss per share. Revenue: US$4.10m (down 48% from 3Q 2021). Net loss: US$7.69m (loss widened 33% from 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Canada. Recent Insider Transactions • Oct 07
CEO, President recently bought CA$84k worth of stock On the 4th of October, Brent Suen bought around 178k shares on-market at roughly CA$0.47 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Brent has been a buyer over the last 12 months, purchasing a net total of CA$122k worth in shares. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.20 loss per share (vs US$0.27 loss in 2Q 2021) Second quarter 2022 results: US$0.20 loss per share. Revenue: US$4.95m (down 40% from 2Q 2021). Net loss: US$6.46m (loss widened 30% from 2Q 2021). Over the next year, revenue is expected to shrink by 3.3% compared to a 23% growth forecast for the industry in Canada. Reported Earnings • Apr 02
Full year 2021 earnings released: US$0.95 loss per share (vs US$1.14 loss in FY 2020) Full year 2021 results: US$0.95 loss per share. Revenue: US$37.3m (down 1.5% from FY 2020). Net loss: US$20.1m (loss widened 39% from FY 2020). Over the next year, revenue is expected to shrink by 4.9% compared to a 27% growth forecast for the industry in Canada. Reported Earnings • Nov 18
Third quarter 2021 earnings released: US$0.25 loss per share (vs US$0.23 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$7.83m (up 11% from 3Q 2020). Net loss: US$5.77m (loss widened 101% from 3Q 2020). Tillkännagivande • Sep 10
Logiq Launches Exclusive Mobile Payment Services Logiq, Inc. launched a new exclusive mobile payment option for driver license psychological testing in Indonesia. The tests are mandatory for millions of Indonesians looking to obtain or renew their license. The launch follows Logiq’s announcement at the end of June that it partnered with Mentalku, the exclusive government-licensed provider of these tests that are mandated by regulatory statute. Mentalku administered about 17 million such tests last year. As part of an initial pilot program for the new mobile payment services, Logiq has integratedb its mobile payment solution, AtozPay™, into the Mentalku mobile app. AtozPay is also now initially available on payment terminals located in Mentalku testing centers across East Java. The Mentalku app also offers telemedicine services, digital testing and virtual counselling that can be paid for using the newly integrated AtozPay eWallet payment gateway. Tillkännagivande • Sep 04
Logiq, Inc.’s AppLogiq Deploys New Radix Ai-Powered Data Management Platform Logiq, Inc. announced that its AppLogiq mobile commerce division has launched Radix, a proprietary, internally developed data platform designed to consolidate all of the data generated by its mobile commerce business segments into a fast, easy-to-access centralized portal. Radix’s advanced analytics and alternative scoring of unbanked individuals are designed to enhance AppLogiq’s business planning and new business development in emerging markets.
AppLogiq recently released v4.0 of CreateApp, which represents a significant update to this DIY mobile app maker platform, including feature updates and performance improvements. The new release includes the most requested and anticipated features by mobile commerce merchants on the platform, such as a comprehensive inventory management system which enables users to easily manage multiple product variations and options. This new feature opens the door to managing all types of configurable products for online commerce businesses. CreateApp’s food ordering module, GoLogiq, has been expanded to accommodate online catering merchants. Merchants can now easily offer both self-pickup and delivery options to their customers. Recent Insider Transactions • Aug 29
President recently bought CA$97k worth of stock On the 27th of August, Brent Suen bought around 24k shares on-market at roughly CA$4.06 per share. In the last 3 months, they made an even bigger purchase worth CA$124k. Brent has been a buyer over the last 12 months, purchasing a net total of CA$561k worth in shares. Board Change • Aug 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Lea Hickman was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 08
Logiq, Inc. has completed a Follow-on Equity Offering in the amount of $4.003301 million. Logiq, Inc. has completed a Follow-on Equity Offering in the amount of $4.003301 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,668,042
Price\Range: $2.4
Discount Per Security: $0
Transaction Features: Registered Direct Offering Tillkännagivande • Jul 24
Logiq, Inc. Expands Affordable Media Buying to Asia Pacific for Any Size Agency or Brand Logiq, Inc. expanded its Logiq Digital Marketing™ platform to include direct media buying access to web, mobile and connected TV, and audio media providers across the Asia Pacific region. By expanding its footprint to localized inventory offered in APAC, LDM brings affordable and easily managed access to these international consumers within the reach of small and medium-sized agencies and brands who sell in these markets. The offering also optimizes the delivery of an ad to an APAC consumer so that it can occur within 50 milliseconds (or 5/100 of a second), even if the campaign is managed by an agency or brand halfway around the world. Market studies show it takes only about 50 milliseconds for users to form an opinion about the company from the visual appeal of a product web page. So, first impressions indeed matter and this is why time-of-delivery is so critical. In order to compete with larger agencies and brands, it has traditionally required large ad spends and supporting resources. Now with LDM, agencies and brands have a partner who can provide them the benefits of enterprise scale and reach without the associated costs and commitments. They can now reach the same consumers as their larger competitors, but at a fraction of the cost. Logiq’s expansion of its digital marketing services into APAC also aligns with the growing trend of U.S. businesses looking to expand their presence internationally as a way to increase their market share and grow revenue. They want to tap the fast-growing emerging markets, but realize doing it digitally will be the most cost-effective way. According to Euromonitor International, e-Commerce sales in the Asia Pacific emerging markets are expected to nearly double by 2025, reaching $2 trillion. According to Media Partners Asia, Asia Pacific net advertising expenditure totaled $188 billion in 2020. Digital was the largest medium, contributing 59% of ad spend, followed by television at 23%. APAC advertising expenditure is expected to grow at 5.4% compound annual growth rate to reach $245 billion by 2025. More and more agencies are signing onto LDM since it was launched in April, and they have been ramping up media buying programs for the brands they represent. LDM enables these agencies as well as in-house marketing teams to strategize and execute more powerful and cost-effective e-commerce marketing campaigns. By making the platform available through an easy-to-use dashboard, LDM also enables any small and medium-sized business to more effectively compete against competitors of any size. Tillkännagivande • Jun 25
Logiq Launches New Audio Digital Marketing Channel for Agencies and Brands Logiq, Inc. has launched a new audio digital marketing channel on its Logiq Digital Marketing (LDM) platform. Now in addition to web, mobile and Connected TV, digital marketing agencies and brands can now use LDM to add audio-based advertising to their overall multi-channel e-commerce marketing campaigns, such as for digital radio and podcasts. The rapid increase of consumer engagement across auditory mediums has made audio now a tier-1 marketing channel. Audio allows advertisers to reach audiences that are hands-free and on the go, whether exercising or on their daily commute, or just working around the house. These many benefits are driving increasing demand in digital audio advertising. According to eMarketer, U.S. podcast advertising alone will surpass $1 billion this year and then double to $2 billion by 2023. In Carat’s 2021 media trends report, audio was cited as among this year’s hottest media trends. With this release, LDM clients will benefit from: Advertising access across premium audio media providers, including Spotify, Soundcloud and TuneIn. Bulk uploading their audio ads to reduce campaign setup time and costs. Execute with common .mp3 or.ogg ad formats in 15 or 30 second durations. LDM’s compliance with the Internet Advertising Bureau’s VAST (video ad supported template) for clickthru tracking, ad duration, and adjusting audio bit rate. (IAB’s VAST committee represents 180 member companies who have agreed upon interoperability standards for this channel of digital media). LDM was purpose-built for both agencies and in-house marketing teams. LDM is based on proprietary technology Logiqacquired in March of this year. The technology was rapidly integrated into Logiq’s operations and made available for new clients to launch their e-commerce marketing campaigns. More than 10 agencies are already contracted with LDM and ramping up their media buying programs for the many brands they represent. LDM enables these agencies as well as in-house marketing teams to strategize and execute more powerful and cost-effective e-commerce marketing campaigns. By making this platform available through an easy-to-use dashboard, LDM also enables small and medium-sized businesses (SMBs) to more effectively compete against competitors of any size.