AirIQ Reports Double-Digit Increase in Recurring Revenue for Q3 2024
Toronto, ON, February 20, 2025 – AirIQ Inc., a pioneering provider of Internet of Things (IoT)-based asset management solutions since 1997, has announced its financial results for the three and nine months ended December 31, 2024. The company reported a notable 10% increase in recurring revenue, marking a significant achievement in its ongoing growth strategy.
Financial Highlights
For the three months ended December 31, 2024, compared to December 31, 2023, AirIQ’s recurring revenue stood at $1,199,619, up from $1,091,055, representing a $108,564 increase.
Impact on Consumers
The double-digit growth in AirIQ’s recurring revenue signifies a continued commitment to delivering reliable and innovative IoT-based asset management solutions to its customers. This growth will enable the company to invest further in research and development, ensuring that consumers can expect enhanced features, improved performance, and expanded offerings in the future.
Impact on the World
AirIQ’s financial success is a testament to the increasing demand for IoT-based asset management solutions in various industries. This trend is expected to continue as businesses seek to optimize their operations, reduce costs, and improve efficiency. The growth of AirIQ and similar companies will contribute to the development of a more connected and intelligent world, where assets are monitored in real-time, and predictive maintenance becomes the norm.
Conclusion
AirIQ’s Q3 2024 financial results demonstrate the company’s continued growth and commitment to delivering IoT-based asset management solutions. The double-digit increase in recurring revenue will enable AirIQ to invest in research and development, ensuring that consumers can benefit from the latest innovations in this field. Moreover, the growing demand for IoT-based asset management solutions will contribute to a more connected and intelligent world, where assets are monitored in real-time, and predictive maintenance becomes the norm. Stay tuned for further updates on AirIQ’s journey towards shaping the future of asset management.
- AirIQ reports a 10% increase in recurring revenue for Q3 2024.
- This growth signifies a continued commitment to delivering innovative IoT-based asset management solutions.
- The increase in revenue will enable AirIQ to invest further in research and development.
- The growing demand for IoT-based asset management solutions will contribute to a more connected and intelligent world.
