AirIQ earns $136,000 in Q3 2025

Executive Summary

• AirIQ Inc. reported financial results for the three and six months ended September 30, 2025, achieving a new record for recurring revenue.
• The company reported significant growth across key metrics, including a 20% increase in total revenue and a 368% increase in net income compared to the prior year period.
• Subsequent to the quarter-end, AirIQ completed a strategic acquisition to expand its recurring revenue stream, pushing annualized recurring revenues past the $6-million threshold.

Key Details

• Recurring Revenue: Recorded a record $1,386,000 (CAD), an increase of 16% ($187,000) from $1,199,000 in the same period last year.
• Total Revenue: Reached $1,528,000 (CAD), an increase of 20% ($259,000) from $1,269,000 in the prior year period.
• Gross Profit: Increased by 11% to $909,000 (CAD), up from $817,000 in the prior year period.
• Net Income: Surged 368% to $136,000 (CAD), compared to $29,000 in the prior year period.
• Share Repurchase: Cancellation of 611,000 common shares repurchased under the normal course issuer bid.
• Strategic Acquisition: Completed a strategic acquisition subsequent to quarter-end to expand recurring revenue streams.
• Annualized Recurring Revenue: Surpassed the $6-million threshold following the acquisition.
• Financial Statements: Unaudited consolidated condensed interim financial statements and Management’s Discussion and Analysis (MD&A) for the three months ended June 30, 2025, and 2024 were filed with Canadian securities regulatory authorities.

Notable Quotes

• "We are proud to announce that we have set another record in recurring revenues, which increased by 16 per cent compared with the prior year," said Mike Robb, president and chief executive officer of AirIQ. "This is a strong quarter where we've achieved increases across every major revenue and profit metric. Building on this momentum, subsequent to quarter-end, we were successful in completing a strategic acquisition that expands our recurring revenue stream. As a result, our annualized recurring revenues have now surpassed the $6-million threshold. We anticipate that continued sales and marketing success will generate even greater rates of growth in revenue and profitability in the future."