Logiq Inc (LGIQ)

[Coldspringharbor1]

I reached out to management at Logiq LGIQ yesterday about the movement in Kubient stock and disconnect in Logiq market cap relative to peers in the AdTech MarTech space.

Kubient KBNT a direct competitor of Logiq LGIQ was up over 100% at one point in yesterday's trading to $17/share. KBNT has a trailing 12 month revenue of less than $2mm. "Realize KBNT is now trading at 55X revenues." The company, did their IPO in August 2020 and in June /July was in discussions to possibly merge with DataLogiq for more scale.

DataLogiq currently consists of Push Interactive and Fixel AI with trailing 12 months revenues estimated at $16mm. "The company is aiming for over $30mm for 2021 from DataLogiq alone." There is potential for one additional acquisition to round out the AdTech platform and with the recent additions of Josh Jacobs and Lea Hickman, it does seem likely that the AdTech business will continue to evolve and scale up exponentially.

Kubient KBNT with a market cap of $140mm is trading at 70X revenues which is within the AdTech multiple range including companies like MGNI, TTD, ACUIF and PUBM.

Logiq LGIQ market capitalization at 1/2 Kubients revenues multiple would value DataLogiq alone over $500mm. Management strongly believes the market will price fairly in the coming weeks shortly after IPO NEO and up list to NYSE.