Logiq Inc (LGIQ): It is impossible to know what the true r...

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Logiq Inc (LGIQ)

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Re: Welcome2Pinkyland post# 51462

Thursday, 07/25/2019 12:10:29 AM

Thursday, July 25, 2019 12:10:29 AM

It is impossible to know what the true revenue is as they are selling app development R&D service to "associates". The accounting for this is very opaque.

We do know that the doubling of revenue in the last 10-Q was accompanied by an increase in cost of good sold that was even larger, thus causing the gross profit to decrease to about $1.5M for the Q.

They still have a negative earnings (despite all the posts here talking about increasing earnings).

Team Z lives on!

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Recent LGIQ News

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:43:28 AM
Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:08:29 PM
Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 11/13/2023 09:30:22 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 08:11:35 PM
Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 10/25/2023 09:04:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/25/2023 09:03:09 PM
Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 10/10/2023 10:48:27 AM
Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2023 04:28:19 PM
Form PREM14A - Preliminary proxy statements relating to merger or acquisition • Edgar (US Regulatory) • 09/29/2023 09:20:23 PM
Form 8-K - Current report • Edgar (US Regulatory) • 09/08/2023 08:32:45 PM
Form 8-K - Current report • Edgar (US Regulatory) • 09/01/2023 05:05:22 PM
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:57:03 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2023 01:51:06 PM

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