Logiq, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 05:11 pm EST
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Logiq, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 7.69 million compared to USD 5.77 million a year ago. Basic loss per share from continuing operations was USD 0.2221 compared to USD 0.2471 a year ago.
For the nine months, net loss was USD 18.14 million compared to USD 14.83 million a year ago. Basic loss per share from continuing operations was USD 0.5805 compared to USD 0.7623 a year ago.
Logiq, Inc. is a provider of e-commerce and digital customer acquisition solutions. The Company provides a data-driven, end-to-end marketing solution. The Company operates through two segments: AppLogiq and DataLogiq. The Company offers solutions that help small-to-medium-sized businesses (SMBs), agencies, and enterprises to provide access to and reduce transaction friction in e-commerce for their clients. Its data-driven, artificial intelligence (AI)-powered solutions allow brands and agencies to advertise across digital and connected TV publishers. Its solutions are provided through the DataLogiq business, a digital marketing analytics business unit that offers data management, audience targeting and other digital marketing services that improve SMBs discovery and branding within the e-commerce landscape. The Company, through its DataLogiq platform, offers online marketing solutions on a performance marketing and self-service, software-as-a-service (SaaS) basis.