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VIDEO – Logiq Is The AGORACOM of The E-commerce World, Sees Q3 2021 Revenue Exceeding $7.7 Million, up ~10%
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 - 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.
Prelim Q3-21
Expects revenue to exceed $7.7 million, up ~10% from the same year-ago quarter
Gross margin is expected to expand to more than 29.0%, nearly doubling from 15.8% in the same year-ago quarter.
Brent Suen, President of Logiq, Inc. comments,
“…our strong year-over-year topline results and margin expansion reflects our success with the transformation of our business over the last year. This has included strategic acquisitions, a major reorganization, and the transition to higher margin, higher quality revenue streams.
Combined with now a healthier balance sheet, stronger corporate governance, and high-growth trajectory fueled by major customer wins, we believe we have emerged from the daunting challenges created by the global pandemic and are now in a strong position to qualify for a Nasdaq listing.”
Now sit back, relax and watch this powerful interview with Brent Suen, President & Executive Chairman of Logiq Inc.
