AirIQ Reports Mixed Financial Outcomes for June 2025 Quarter

AirIQ Inc., a leader in IoT asset management solutions, announced its financial results for the quarter ending June 30, 2025. The company reported a record recurring revenue of $1,323, representing a 13% increase year-over-year and 8% growth sequentially. However, total revenue of $1,422 marked a 14% decline from last year, although an 8% improvement was seen over the prior quarter.

Gross profit stood at $872, showing a 5% decrease from the previous year, yet up 4% sequentially. Net income was notably lower at $16, an 85% drop compared to the previous year. The decline in total revenue was attributed to a strategic shift towards rental offerings over hardware sales, according to CEO Mike Robb.

The company remains optimistic about future recurring revenue growth, supported by investments in sales, marketing, and product development. AirIQ also renewed its normal course issuer bid, planning to purchase up to 5% of its common shares by June 2026.