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IQ.V - AirIQ

Discussion in 'Canadian Stocks' started by Theoilguy55, Mar 24, 2015.

  1. Theoilguy55

    Theoilguy55 New Member

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    Symbol: IQ.V
    Price: $0.05
    Common Shares: 28,928,947
    Insider Holdings: 20,566,937 from Sedi

    website: http://airiq.com/

    In 2011 the company did a 40:1 rollback on around 100 million shares. 1,581,926 shares of that are still held by insiders.


    Cash: $179,000
    Total Assets: $1,283,000
    Total Debt: $1,198,000 (Mostly Accounts Payable & Deferred Revenue)

    Revenue after 9 Months: $2.02 million
    Net Profit after 9 Months: $150,000

    What I really like is that IQ is working with Mosaic Capital(M.V) which is a much larger company that likes to takeover companies in multiple sectors. They own 18% of IQ and recently had their loan paid back by that company.

    AirIQ is located in Pickering, near Toronto, Ontario, Canada, and trades on the TSX Venture Exchange, under the symbol IQ.

    AirIQ offers an end-to-end wireless solution which allows customers to manage mobile assets on a cost-effective basis. AirIQ combines the power and economics of four proven technologies and offers them as one easy-to-use solution. AirIQ integrates the global positioning system (“GPS”), wireless cellular networks, digitized mapping databases, computing intelligence and connectivity / content offered by the Internet, in order to offer a complete suite of services to a diverse set of customers. These services enable a person who is managing a fleet of vehicles to access vital information or remotely control their assets from their own computer or telephone. AirIQ’s customers are able to locate, manage, monitor, control, protect and communicate with monitored vehicles in real time.

    Wireless services are best known in the context of cellular voice services that allow people to communicate “anywhere and anytime”. AirIQ uses the concept of wireless mobility services to connect devices and machines. The provision of such services for “stationary machines” is called Telemetry; whereas the provision of such services for “moving machines” is known as Telematics.

    Specifically, “Telematics” is the wireless communication of information and control messages to and from mobile devices or assets. AirIQ offers its services by way of an application service provider (“ASP”) business model, specializing in Telematics. Telematics services offer high value to those markets that benefit from a high level of visibility, security, efficiency, safety and utilization.

    http://airiq.com/products/



    From MD&A:

    Third Quarter Highlights: The main highlights of the quarter were as follows (with comparisons made between the 3rd quarter of 2014 and 3rd quarter of 2013):

    • Revenue improved by 12% or $69 to $670 from $601; • Achieved positive EBITDAS (earnings before interest, taxes depreciation and stock-based compensation) of $79 representing a $132 improvement;

    • Achieved net income of $44 representing a $227 improvement;

    • Expenses (excluding stock based compensation) were down 38% or $118 from $429 to $311;

    • Achieved positive cash flows from operations of $85 representing an improvement of $258;

    • Recurring revenue was $478 with a gross margin of $342 or 72%; • Achieved positive working capital of $75 representing a 177% improvement;

    • Established a revolving demand facility with the Royal Bank of Canada to support the Company’s growth initiatives.

    Most recent news:

    AirIQ repays $100,000 debt owed to Mosaic Capital


    2015-02-26 15:10 MT - News Release


    Mr. Michael Robb reports

    AIRIQ ANNOUNCES REPAYMENT OF OUTSTANDING LOAN

    AirIQ Inc. has repaid the outstanding amount due on its loan to Mosaic Capital Partners LP.

    In December, 2013, the company entered into a credit facility with Mosaic and executed a promissory note in favour of Mosaic in the amount of $100,000. The loan had a maturity date of June 17, 2015, and bore interest at a rate of 15 per cent per annum, calculated daily and payable monthly in arrears. Interest only was payable on the loan on a monthly basis, and the loan was secured by a charge over all of AirIQ's property and assets, subordinate to the company's bankers.

    "The loan was due for repayment in June of this year, but the board decided to repay it early given the company's strong fiscal performance to date," said Michael Robb, president and chief executive officer of AirIQ. "There was no penalty associated with prepayment, and the early repayment will allow the company to save on interest expense and strengthens the company's balance sheet," continued Mr. Robb.

    "We appreciate Mosaic's support and assistance in helping the company to meet its goals and objectives."

    Following this repayment, the company is no longer indebted to Mosaic, and is now free of all long-term debt.

    We seek Safe Harbor.


    © 2015 Canjex Publishing Ltd. All rights reserved.
     
  2. Theoilguy55

    Theoilguy55 New Member

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    http://beforeitsnews.com/business/2...tracs-onstar-and-others-analyzed-2681084.html

    Commercial Vehicle Telematics Market in the Americas 2015-2019 is the latest addition to Sandlerresearch.org industry research reports collection.

    Telematics is a term used to describe the wireless connectivity between motor vehicles and the infrastructure where the receiving equipment is installed. Telematics is an integrated technology wherein telecommunication and IT are combined to provide a single solution. Telematics uses telecom equipment to send, receive, and store information in a vehicle. The connectivity can be machine-to-machine or machine-to-human. This technology is used primarily for tracking and communication. It can be either integrated with various other systems of the vehicle or used separately and operated using mobile applications. Telematics is used in applications such as vehicle tracking, satellite navigation, emergency warning systems, and fleet management systems. Telematics also plays a major role in providing improved security to drivers and passengers.

    Analysts forecast the Commercial Vehicle Telematics market in the Americas to grow at a CAGR of 16.68 percent over the period 2014-2019.

    The report recognizes the following companies as the key players in the Commercial Vehicle Telematics Market in the Americas: AirIQ Inc., Fleetmatics Group plc, Omnitracs LLC, OnStar LLC, TeleNav Inc., TomTom International BV and Trimble Navigation Ltd.

    Increased use of cloud-based telematics is one of the key trends in this market. There is a shift toward cloud-based telematics because of easy integration and efficient scalability of embedded telematics with cloud computing technology. Embedded cloud computing offering features such as large space for data storage, easy access, and security is evolving in commercial vehicle telematics.

    According to the report, the need for efficient data management is one of the major drivers in the market. Fleet operators are required to process data related to their daily operations as these data help in decision making. Therefore, fleet operators are progressively using telematics to effectively handle their data.

    This report covers the present scenario and the growth prospects of the Commercial Vehicle Telematics market in the Americas for the period 2015-2019. There are three types of commercial vehicle telematics systems available in the market: Embedded telematics systems, portable telematics systems, and smartphone-based telematics systems. The report discusses the fleet operation costs and the benefits of fleet management systems, along with the cost of distribution of different types of commercial telematics systems.

    In addition, this report covers the entire range of telematics for LCVs, MCVs, and HCVs available in the Commercial Vehicle Telematics market in the Americas. It also presents the vendor landscape and a corresponding detailed analysis of the top seven vendors in the Commercial Vehicle Telematics market in the Americas. In addition, the report includes the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as key trends that are emerging in the market.

    Commercial Vehicle Telematics Market in Americas 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas; it also covers the landscape of the Commercial Vehicle Telematics market in the Americas and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

    Key Regions

    Americas
    Key Vendors

    AirIQ
    Fleetmatics Group
    Omnitracs
    OnStar
    TeleNav
    TomTom International
    Trimble Navigation
     

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