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AirIQ Inc V.IQ

Alternate Symbol(s):  AILQF

AirIQ Inc. provides IoT based asset management solutions in North America. The company offers fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options, including a fully integrated video telematics camera solution, and a battery powered solution for non-powered assets. It also provides fleet management, trailer tracking, field services application, video telematics, battery powered solutions, and cutting edge solutions. In addition, the company offers its services through online or a mobile app, including instant vehicle locating, boundary notification, automated inventory reports, maintenance reminders, security alerts, and vehicle disabling and unauthorized movement alerts. It serves construction, healthcare, food and beverage, trades and service, rental, and trucking and transportation industries. AirIQ Inc. was incorporated in 1997 and is headquartered in Pickering, Canada.


TSXV:IQ - Post by User

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  • TorontojayX
Post by Torontojayon Feb 24, 2024 2:42pm
595 Views
Post# 35897333

A simple 5 year review

A simple 5 year review

Here is a 5 year review, plus the current twelve trailing months of recurring revenue and free cash flow generated by the company. To smooth out the fcf number, I've excluded the non cash working capital component.        


                  Fcf          Recurring Rev 


Ttm         $996k         $4,322k

2022       $858k         $3,951k

2021       $60k           $3,504k

2020       $296k         $3,189k

2019       $741k         $2,944k

2018       $297k.        $2,722k

Recurring revenue has grown by ~ 10% per annum for the last 5 years. 

I think this is a great little company that is going to do very well in the years ahead. Trading at about 11.25 times free cash flow with strong momentum on its side. Plus, a very clean balance sheet. 

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