Bullboard - Stock Discussion Forum AirIQ Inc V.IQ

Alternate Symbol(s): AILQF

AirIQ Inc. is a Canada-based Internet of things (IoT) based asset management solutions company. The Company’s principal business is to develop and operate a telematics asset management system using specialized software, digitized mapping, wireless communications, the Internet, and the global positioning system (GPS). The Company develops iPhone Operating System (iOS) and Android mobile and Web... see more

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TSXV:IQ - Post Discussion

AirIQ Inc > A simple 5 year review

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Post by Torontojay on Feb 24, 2024 2:42pm

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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