Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ) has said it expects its DataLogiq business revenues for the fourth quarter ending December 31, 2022, to exceed $7.5 million, up more than 83% sequentially and up more than 9% over the same year-ago quarter.
“Over the course of the year, we completed a challenging restructuring plan designed to position the company for growth, organically and through acquisition,” said Logiq CEO, Brent Suen in a statement. “By late November, we began to see strong traction in our DataLogiq business that has now put us on course for a great finish to the year, and with our annualized revenue run-rate now at about $40 million."
“For 2023, we anticipate further transformational events will support an uplisting to a major exchange, as well as completing accretive mergers or acquisitions that will position us to scale to more than $100 million in annualized revenue with profitability," he added.
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The company said it plans to provide another financial update in January 2023.
Logiq is a US-based provider of eCommerce and digital customer acquisition solutions by simplifying digital advertising. It provides data-driven, end-to-end marketing through its results solution or providing software to access data by activating campaigns across multiple channels.
The company’s Digital Marketing business includes a holistic, self-serve ad tech platform. Its proprietary data-driven, AI-powered solutions allows brands and agencies to advertise across thousands of the world’s leading digital and connected TV publishers.
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