Inteliqo (IQO) , a start-up technology company that provides sales, marketing and distribution services to technology product owners, has provided its first full-year results since admission to AQSE last August.
Inteliqo's financial results for the year ended 31 March 2023 were before sales commenced, and this early stage status meant a loss of $684k, with basic earnings per share of -$0.008 for ongoing activities. While these figures capture the company's early operations, the focus remains on executing strategic plans for sustainable growth and Inteliqo’s current outlook remains optimistic.
Since April 2023, the company has been operating profitably and generating positive cash flows. And with the Langaroo App generating sales and Exclusive Reseller Agreements secured for Ipedia, the company is confident about achieving profitability overall this year.
In a separate statement, Inteliqo said it has successfully acquired the Exclusive Sales and Marketing rights to the Langaroo App globally, with Inteliqo having rights to carry out and sub-license a broad range of services, alongside a revenue Share agreement between the three companies involved.
View from Vox
Despite its start-up status, it's encouraging to see Inteliqo reaching run-rate profitability so soon after listing. That's partly down to the quality of the agreements it's signed so far.
One of these agreements is with tech company Ipedia for its iQ product line which consists of smart translation earphones, along with an app, providing real-time speech translation in 42 languages. The earbuds also include smart assistants like Google and Siri. During the year, Inteliqo appointed an exclusive reseller for the promotion and sale of Ipedia products in nine territories, including Belgium, Canada, France, Morocco, Switzerland, Spain, Libya, Turkey, and Tunisia.
Its second stand out agreement is with Langaroo, a mobile application that enables users to understand, speak, message, and share information across over 130 languages. This sales and marketing agreement should see Inteliqo be able to give visibility to Langaroo across various industries and regions.
The two above agreements are well placed in light of the rapid expansion of the intelligent virtual assistant market, estimated to be worth US$ 58.2 billion by 2030. With this in mind, Inteliqo is making significant strides in positioning the company for success and it continues to generate positive cash flows.
Follow Inteliqo for more News and Updates: