AirIQ Announces September 30, 2025 Quarterly Results

Executive Summary

• AirIQ reported a record recurring revenue of C$1,386 k for Q3 2025, up 16% year‑over‑year.
• Total revenue rose 20% to C$1,528 k and net income jumped 368% to C$136 k.
• The company completed a strategic acquisition after quarter‑end, pushing annualized recurring revenues above the $6 million threshold.

Key Details

• Recurring Revenue: C$1,386 k (↑16% YoY; +C$187 k vs. C$1,199 k).
• Total Revenue: C$1,528 k (↑20% YoY; +C$259 k vs. C$1,269 k).
• Gross Profit: C$909 k (↑11% YoY; +C$92 k vs. C$817 k).
• Net Income: C$136 k (↑368% YoY; +C$107 k vs. C$29 k).
• Share Repurchase Cancellation: 611,000 common shares previously repurchased under the normal course issuer bid were cancelled.
• Strategic Acquisition: Completed post‑quarter‑end acquisition that expands recurring revenue stream; annualized recurring revenues now exceed $6 million.
• Financial Statements Filing: Unaudited condensed interim financial statements for Q3 2025 (and Q2 2025) filed with Canadian securities regulators and available on the Company’s website and SEDAR.

Notable Quotes

“We are proud to announce that we have set another record in recurring revenues, which increased by 16% compared to the prior year,” – Mike Robb, President & CEO
“Building on this momentum… we were successful in completing a strategic acquisition that expands our recurring revenue stream.” – Mike Robb