Business Update / $700,000 in Revenue Since October 1st $LQID just sent out the Q4 business update, and things are looking pretty impressive. They continue to focus on business and revenue growth after transitioning out of the R&D phase from previous quarters. I’ll give you guys a quick summary of what they’ve done so far in this Q, according to the news release.
- Activated the new version of its Liquid Avatar Mobile App
- Enhanced its Liquid Avatar Verifiable Credentials Ecosystem
- Begun the activation plans for a US-based network card program
- Launched Aftermath Islands, acquiring a 50% interest in the program
https://ca.finance.yahoo.com/news/liquid-avatar-technologies-provides-business-133000534.html
These business developments have definitely shown that the transition towards revenue growth was a good idea. Since October 1st, they’ve generated around $700,000 in revenues, and as commercial activities continue to pick up, they should see more growth in the future.
The metaverse is rapidly expanding. With big companies like Facebook (Meta) now in, this space is only destined to expand. $LQID’s diverse product range gives me the confidence that they'll be able to take advantage of this growth. They have virtual real-estate, NFTs, financial platforms, and the liquid avatar digital identity system. The current market cap of $27M is fairly small, considering what they‘ve been able to achieve over the past couple of months.