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Logiq Inc   (LGIQ)
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Logiq Inc Battles Unprecedented Losses but Shows Signs of Recovery in Fiscal Year Ending 2023

Logiq Inc reported first quarter of 2023 operating shortfall of $-12.408733 million


Published May 23 2023 / Modified May 23 2023
CSIMarket Team / CSIMarket.com


Annual_Reception__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonLogiq Inc is an American technology company that offers bespoke data analytics and technology solutions to businesses, enabling them to optimize their operations and improve decision-making processes.
Established in 2004, the company has made significant strides in the industry and has been recognized as a leading provider of data analytics and technology solutions globally.

Despite challenges associated with the COVID-19 pandemic, Logiq Inc has continued to show sustainable growth and progress in its financial results.
In the most recent fiscal period, the company recorded significant improvements in its loss per share and earnings per share.
The loss per share dropped to $-0.19 per share compared to $-0.25 in the previous year, while the earnings per share rose to $-0.42 per share from the prior financial reporting period.

However, the same cannot be said about the company's revenue generation.
For the fiscal period, Logiq Inc experienced a sharp decline of -54.799% in revenue, as they recorded just $3.54 million compared to $7.83 million in the similar financial reporting period a year before.
Sequentially, the revenue doubled by 139.61% from $1.48 million.
Although the decline in revenue generation may seem concerning, it can be linked to a strategic shift in the company's operations during the period.

Logiq Inc faced numerous challenges in the fiscal period, including the impact of the COVID-19 pandemic on its markets.
As a result, the company had to slightly shift focus towards machine learning, artificial intelligence, and data analytics consulting for sectors such as healthcare, pharmaceuticals, and logistics.
This strategic shift resulted in a change in revenue streams for the company, causing the decline in revenue generation.

Notwithstanding these challenges, Logiq Inc remains optimistic about its future prospects.
The company has outlined various goals to improve its operations, including expanding into new markets, expanding its services to existing clients, and exploring potential acquisition opportunities.
The company has also continued to enhance its technology capabilities, which will enable it to deploy more effective data analytics and technology solutions to businesses.

The company's management believes that these initiatives will result in the company's improved financial performance.
Logiq Inc anticipates that the company's next financial report, which is scheduled for May 07, 2024, will demonstrate even more substantial improvements in its financials.

Logiq Inc has also invested significantly in its human resources to ensure that it maintains a highly trained and motivated team.
The company has put in place training programs to ensure that all employees are up to date with the latest developments in data analytics and technology solutions, thereby ensuring that its customers receive top-quality services.

In conclusion, Logiq Inc has proven to be a leading provider of data analytics and technology solutions globally.
Although the company had a challenging fiscal period, it is encouraging to see the improvement in its loss per share and earnings per share.
With the strategic shift in focus and the various initiatives underway to improve its operations, the future looks promising for Logiq Inc.
It will be interesting to see the company's next financial report and see how it has improved its operations.



Logiq Inc's Revenue per Employee

Logiq Inc's Price to Book ratio



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