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VIDEO – Logiq Hits Record Quarter At $12.3M Preliminary Revenues. Expects $48M Before M&A And Spinout Of South East Asia Tech In 2022

Posted by AGORACOM-JC at 5:25 PM on Thursday, January 6th, 2022
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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 …. a public company for just 4 months…. 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 … with revenues of $37.9M in 2020 …. from 2 divisions:    

AppLogiq (Agreement finalized to Transfer AppLogiq Assets into Publicly Traded Subsidiary) – In Southeast Asia AL offers a mobile application development platform as-a-service which enables hundreds of thousands of SMBs to create mobile apps with little technical expertise or know-how …  Offered across Southeast Asia, Europe and U.S. in 14 languages .. …. also offers a mobile fintech payment platform (PayLogiQ) and a hyper-local food delivery service (GoLogiq)    

DataLogiq – provides a data-driven, end-to-end e-commerce marketing solution that integrates AI to help SMBs in need of online marketing solutions.    

Financial Highlights: 

  • 2020 revenue of $37.9 million … 31% CAGR since 2016
  • Revenue H1-21 $16.4 million
  • Revenue Q2-21 $8.3 million …
    • margin of 29.5%
    • up 16.4 percentage points from the year-ago quarter.
  • Revenue Q3-21 $7.8 million
    • margin for DataLogiq: improved from 18.9% to 28.2%.
    • margin for AppLogiq: improved from 12.1% to 31.7%.
  • Q4-21 Revenue Estimate: $12.3 million, up 87% vs Q4-20
    • Gross margin expected to 34.0% vs 29.5% in the previous Q / 21.1% in Q4-20

Brent Suen, president of Logiq commented,

“Our improving revenue performance throughout 2021 demonstrates our team’s commitment to driving a transformation of our business overall and providing visibility on future profitability. As we refocused our efforts on higher quality, more profitable revenue streams and adjusted to the changing market dynamics, we also drove strong gross margin improvement every quarter of 2021. In fact, our gross margin more than doubled in Q4 2021 compared to the full year of 2020.”

Suen continued,

“We believe this strong progress across the board is keeping us on the path to profitability for both of our business segments,” continued Suen. “It also advances our plans to separate our DataLogiq and AppLogiq businesses into two independent publicly traded companies as another way to further unlock shareholder value.”

Now sit back, relax and watch this powerful interview.