Added to YB: 2024-07-24
Pitch date: 2024-07-22
IQ.V [bullish]
AirIQ Inc.
+19.05%
current return
Author Info
Wolf of Oakville takes a magnifying glass to Canadian small cap stocks. Sign up for the newsletter.
Company Info
AirIQ Inc. operates in the telematics industry in North America. The company also develops and operates telematics asset management system by digitized mapping, wireless communications, internet, and the global positioning system.
Market Cap
CAD 9.5M
Pitch Price
CAD 0.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.14
P/E
26.08
EV/Sales
1.17
Sector
Software
Category
value
AirIQ $IQ.V (3.75/5)
AirIQ (IQ.V): Strong balance sheet (6.75 current ratio, $3.1M cash, no debt). 9.2% rev growth, 80% recurring. 60.8% gross margin, 16% net margin. $1.65M OCF (+54% YoY). 29.5M float, 38% insider owned. Recent acquisitions add 13% recurring rev. Cheap at 2x P/S, 6x EV/EBITDA vs peers. Risks: slow growth history, weak H2 2023. Potential value play.
Read full article (3 min)