The company reported record quarterly recurring revenue of $1,606 and a 26% increase in gross profit to $1,056.
AirIQ reported Q4 revenue of C$6.49M, matching GAAP EPS of C$0.00. Recurring revenue reached a record $1,606, up 31% or $378 year-over-year.
Gross profit climbed 26% to $1,056, while operating profit surged 44% to $240 from $167 in the prior-year quarter. The company cited strong growth in its core revenue streams.
No immediate market reaction was disclosed in the release.