Duyuru • Oct 09
Logiq, Inc. (OTCPK:LGIQ) agreed to acquire Evimate LLC for $5 million. Logiq, Inc. (OTCPK:LGIQ) agreed to acquire Evimate LLC for $5 million on October 9, 2024. The consideration consists of common equity of Logiq, Inc. having a value of $5 million to be issued for common equity of Evimate LLC. The transaction is slated for completion by October 7, 2024, subject to standard closing conditions. EVIMATE will integrate as a wholly owned subsidiary of Logiq, with key EVIMATE executives joining the senior management team. Duyuru • Mar 30
Logiq, Inc. announced delayed annual 10-K filing On 03/29/2024, Logiq, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Jan 10
Logiq, Inc. Announces Resignation of Chris Andrews as Chief Operating Officer January 4, 2024, Chris Andrews notified Logiq, Inc. of his resignation as chief operating officer of the Company, effective immediately. Duyuru • 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. Reported Earnings • May 10
Full year 2022 earnings released: US$1.39 loss per share (vs US$0.95 loss in FY 2021) Full year 2022 results: US$1.39 loss per share (further deteriorated from US$0.95 loss in FY 2021). Revenue: US$25.7m (down 31% from FY 2021). Net loss: US$49.2m (loss widened 144% from FY 2021). Board Change • May 08
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. Board Change • Mar 21
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. Board Change • Feb 14
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. Board Change • Jan 11
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. Duyuru • 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. Duyuru • Nov 16
Logiq, Inc. Reiterates Revenue Guidance for the Year 2022 and Provides Revenue Guidance for the Year 2023 Logiq, Inc. reiterated revenue guidance for the year 2022 and provided revenue guidance for the year 2023. The company reiterated its annualized revenue run-rate projection for 2022 in the range of $40 million to $50 million that assumes closing at least one large, new client contract by year end but excludes any M&A for the remainder of the year. The company believes that 2023 revenues, including strategic, accretive M&A, could approach $100 million. Duyuru • Nov 15
Logiq, Inc. to Report Q3, 2022 Results on Nov 15, 2022 Logiq, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 15, 2022 Duyuru • Aug 13
Logiq, Inc. Reiterates Revenue Guidance for the Fiscal Year 2022 Logiq, Inc. reiterated revenue guidance for the fiscal year 2022. For the year, the company annualized revenue projections to end the year in the range of a $40 million to $50 million run rate. 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 7.8% growth forecast for the industry in Germany. Duyuru • Aug 11
Logiq, Inc. to Report Q2, 2022 Results on Aug 12, 2022 Logiq, Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Duyuru • May 17
Logiq, Inc. Revises Earnings Guidance for the Year 2022 Logiq, Inc. revised earnings guidance for the year 2022. The Company projects annualized revenues for fiscal 2022 to be in the range of $40 million to $50 million, reaching a breakeven EBITDA run rate by the end of 2022 and attaining profitability in early 2023. Duyuru • May 14
Logiq, Inc. to Report Q1, 2022 Results on May 16, 2022 Logiq, Inc. announced that they will report Q1, 2022 results on May 16, 2022 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 15% growth forecast for the industry in Germany. Duyuru • Feb 18
Logiq, Inc. (OTCPK:LGIQ) signed a binding Letter of Intent to acquire Substantially all of the assets of Battle Bridge Labs LLC for $3.25 million. Logiq, Inc. (OTCPK:LGIQ) signed a binding Letter of Intent to acquire Substantially all of the assets of Battle Bridge Labs LLC for $3.25 million on February 16, 2022. The consideration comprises of $0.25 million in cash and $3 million in restricted common stock of Logiq. Under the terms of the LOI, the parties intend to complete a formal purchase agreement by the end of the current quarter. It is currently contemplated that the transaction will be structured as an asset purchase, and that certain employees of Battle Bridge will become employees of Logiq upon transaction closing.
In connection with closing of the Transaction, Logiq and certain key executives and key employees of Battle Bridge shall enter into two- and one-year employment agreements, respectively, the terms of which remain subject to negotiation. The LOI contains a “no-shop” provision, certain non-compete provisions, and certain closing conditions, including, without limitation, receipt of shareholder approval and other customary due diligence and closing conditions. The parties intend to close the Transaction within sixty days of signing the LOI. Duyuru • Dec 03
Logiq, Inc. Provides Revenues Guidance for Fourth Quarter Ending December 31, 2021 Logiq, Inc. provided revenues guidance for fourth quarter ending December 31, 2021. For the quarter, the company expects the revenue to exceed $10 million, up more than 28% sequentially and up more than 52% over the same year-ago quarter. 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). Board Change • Oct 26
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. 