Logiq, Inc.

Logiq reported pro forma Q4 2022 revenue of $8.4 million, up 121% sequentially and up 22% from the year-ago quarter. Full-year pro forma revenue was $20.3 million, down 12% year over year. Management did not state EPS, gross margin, or cash figures on this call. Forward-looking commentary said the company started 2023 at a more than $40 million annualized revenue run rate, and that Park Place Payments lifted that to more than $45 million; Park Place itself was said to have about $180 million in annualized transaction volume and to expect around $5 million in revenue, with positive cash flow expected exiting this year.

Brent Suen framed 2022 as a year of restructuring, integration, and building a larger platform around continuing operations after the GoLogiq spin-off. He emphasized the Battle Bridge integration, the new managed-services contract, the MediaJel alliance, and the Park Place acquisition as proof that the company is broadening its revenue base and pipeline. His tone was upbeat and aggressive on M&A, repeatedly stressing a stronger run rate, more deals in the pipeline, and another announcement expected soon.

No separate CFO spoke on the call; Brent Suen covered the financial update. He said Q4 pro forma revenue was $8.4 million and full-year pro forma revenue was $20.3 million, with the year-over-year decline tied mainly to first-half softness, lower digital ad spend industry-wide, and only about 9 months of Battle Bridge contribution. He also said the company had more than $40 million in annualized revenue run rate entering 2023, rising to more than $45 million after Park Place, and described Park Place as expecting around $5 million in revenue and positive cash flow exiting this year.

Analysts and shareholders asked whether similar large contracts to the Battle Bridge deal were in the pipeline, and management said there are currently 7 comparable opportunities being discussed with founders and CEOs for possible onboarding later in the year. Another question asked whether Park Place could cross-sell Logiq advertising products, and management said that is being worked on and would be announced over the year. A separate question on the Canadian Neo Exchange led Brent to say Logiq had received an official delisting notice, meaning Canadian shareholders would be able to trade via the OTC.