Reported Earnings • Jul 24
Full year 2026 earnings released Full year 2026 results: Revenue: CA$6.50m (up 17% from FY 2025). Net income: CA$104.0k (down 49% from FY 2025). Profit margin: 1.6% (down from 3.7% in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jul 15
AirIQ Inc., Annual General Meeting, Sep 22, 2026 AirIQ Inc., Annual General Meeting, Sep 22, 2026. Location: ontario, pickering Canada New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.14m (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 Share price has been highly volatile over the past 3 months (13% average weekly change). 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 (€8.14m 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. Tillkännagivande • Jul 22
AirIQ Inc., Annual General Meeting, Sep 23, 2025 AirIQ Inc., Annual General Meeting, Sep 23, 2025. Location: ontario, pickering Canada New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€8.05m market cap, or US$8.73m). Minor Risks Profit margins are more than 30% lower than last year (16% net profit margin). Revenue is less than US$5m (CA$5.5m revenue, or US$4.0m). Tillkännagivande • 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 20
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 12% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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. 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). 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. Tillkännagivande • Aug 01
AirIQ Inc., Annual General Meeting, Sep 20, 2023 AirIQ Inc., Annual General Meeting, Sep 20, 2023. Agenda: Annual and Special Meeting. New Risk • Jul 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 109% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (109% accrual ratio). Market cap is less than US$10m (€7.12m market cap, or US$7.99m). Minor Risk Revenue is less than US$5m (CA$5.0m revenue, or US$3.8m). 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. Tillkännagivande • 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. 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). 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. Reported Earnings • Aug 19
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. Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: CA$0.02 (vs CA$0.015 in FY 2021) Full year 2022 results: EPS: CA$0.02 (up from CA$0.015 in FY 2021). 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). Board Change • Apr 27
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 18
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. Buying Opportunity • Feb 12
Now 23% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be CA$0.27, 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 19
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. 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). Reported Earnings • Jul 17
Full year 2021 earnings released: EPS CA$0.02 (vs CA$0.024 in FY 2020) 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). The decrease in margin was driven by lower revenue. 
