Agoracom Blog

VIDEO – Following Record Q4 Logiq Reports Over $37M In Revenue For FY2021

Posted by Aidi Munoz at 5:03 PM on Thursday, April 14th, 2022
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Why watch this interview? Here’s 37.3 MILLION Reasons….

The AGORACOM of the e-commerce world.  AGORACOM helps small-mid cap companies win the attention of investors … Logiq helps SMB’s compete against megabrands in e-commerce

The global e-commerce market surpassed $9 TRILLION in 2019 … and is scheduled to grow by a CAGR of 14% into 2027 … But mega brands control almost 70% of the US market alone and are using their strength to win even more market … making it harder for SMBs to compete in this massive market.

Logiq is an award-winning e-commerce and fintech solutions company that is addressing that problem by helping drive e-commerce for SMBs around the world …

Financial Highlights

● FY21 reveneue $37.3 million

● Excluding AppLogiq, Logiq FY21 revenues rose 51.8% to $23 million.

● FY21 gross profit increased 73.8% YOY hitting $11.1 million

● FY21 gross margin percentage increased significantly to 29.6% versus 16.8% 

● Record 4Q-21 revenue exceeds Company’s projection .. 2X YOY to $13.1 million

● Projects 2022 revenue up 30% YOY to $50-$75 million, profitability in early 2023

Late last month Research Capital initiated covered on Logiq Inc with a buy rating and price target of USD $2.20. The firm stated:

A Correction in Digital Marketing Sector Valuations Creates an Attractive Entry Point for Long-term Investors.

Research Capital further states …

We expect Logiq’s revenue to grow by around 36% (CAGR) over the next three years.

We view the current stock price to be undervalued. …  we note that Logiq trades at a significant discount.

Now sit back, relax and watch this powerful interview.

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