sur AirIQ Inc. (isin : CA0091204036)
AirIQ Reports Revenue Growth Amid Decline in Net Income
AirIQ Inc., a leader in IoT-based asset management, released its quarterly financial results for the period ending December 31, 2024. The company reported a 10% rise in recurring revenue, reaching $1,199,619, compared to the previous year's $1,091,055. Total revenue saw a 9% increase, amounting to $1,306,914.
Despite these gains, AirIQ's net income fell by 79%, totaling $28,458, down from $135,020. President and CEO Mike Robb attributed this to strategic investments in sales and marketing aimed at fostering long-term growth. He emphasized the company's focus on increasing recurring revenue and enhancing customer relationships.
AirIQ continues to position itself for sustained growth by adapting to evolving customer needs and expanding its business development initiatives.
R. P.
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