Airiq Inc (IQ) AI Stock Analysis

• Market Cap: C$14.23M
• Dividend Yield: N/A
• Average Volume (3M): 13.76K
• Price to Earnings (P/E): 64.7
• Beta (1Y): 0.20
• Revenue Growth: 4.42%
• EPS Growth: -53.42%
• Country: CA
• Employees: 20
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 29,047,073
• 10 Day Avg. Volume: 18,469
• 30 Day Avg. Volume: 13,763
• PEG Ratio: -0.63
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 1.78
• P/FCF Ratio: 118.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: C$0.54 ▲(2.45% Upside)

The score is driven primarily by a strong, low-risk balance sheet but offset by weakened recent profitability and negative TTM free cash flow. Technical signals are mostly neutral with slightly negative momentum, and valuation is a headwind due to the high P/E. Recent acquisition-related growth announcements provide a supportive, but secondary, positive offset.

Positive Factors

Debt-free balance sheet

A zero-debt, equity-backed balance sheet materially reduces financial risk and preserves strategic optionality. Over the next 2–6 months this supports continued investment in product development, potential bolt-on M&A, and resilience to demand shocks without immediate financing needs.

High gross margins

Sustained gross margins above 60% indicate durable unit economics and pricing power in the software application market. This margin base supports scalable profitability as revenue grows, enables reinvestment in R&D and sales, and tends to be resilient to short-term demand fluctuations.

Acquisition expands high-margin ARR

A deal that adds high-margin ARR and product breadth can materially improve revenue predictability and cross-sell potential. Over months this structural shift should increase recurring revenue share, raise long-term margin profile, and diversify go-to-market levers if integration executes well.

Negative Factors

Compressed profitability

The sharp step-down to a ~2% TTM net margin from mid-teens signals worsening cost structure or one-time charges that materially weaken return generation. Persistently lower margins would limit retained earnings, ROE, and the ability to self-fund growth over the medium term.

Negative free cash flow

Negative FCF, even with positive operating inflows, suggests investment needs or working-capital strain are consuming cash. If sustained, this can erode cash reserves and may necessitate external financing or curtailed discretionary spending, constraining strategic flexibility.

Modest revenue growth and EPS decline

Flat-to-modest top-line growth coupled with a large EPS decline reflects limited scale and volatile earnings power. Without consistent revenue expansion, the company may struggle to leverage fixed costs, sustain R&D and sales investment, and improve margins over the medium term.

Airiq Inc Business Overview & Revenue Model

Company Description

AirIQ Inc. provides wireless asset management and location services in Canada. The company also develops and operates telematics asset management system by digitized mapping, wireless communications, internet, and the global positioning system. Its web-based platform provides fleet operators and vehicle owners with a suite of asset management solutions to monitor, manage, and protect their assets. 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. AirIQ Inc. was incorporated in 1997 and is headquartered in Pickering, Canada.

How the Company Makes Money

Airiq Inc generates revenue primarily through the sale of its air quality monitoring hardware and software solutions. The company offers subscription-based services for access to its data analytics platform, which provides detailed reports and insights on air quality metrics. Additionally, Airiq Inc partners with governmental and environmental organizations, offering customized solutions and consultancy services for large-scale projects aimed at improving air quality. Revenue is also supplemented through collaborations with industrial clients who require tailored monitoring solutions to meet regulatory compliance standards.

Airiq Inc Financial Statement Overview

Summary

Airiq Inc exhibits strong financial health with a solid balance sheet free of debt and a significant cash reserve. There is a consistent revenue growth trend, although recent profitability metrics indicate some challenges with increasing costs. The cash flow situation is stable but shows a reduction in free cash flow, which could affect future investments or distributions. Overall, the company is well-positioned but should monitor profitability closely.

Income Statement

The company shows strong profitability with a consistent gross profit margin around 60%. The net profit margin in TTM is approximately 6.75%, which is lower than the previous annual figure of 15.75%, indicating a recent decline in profitability. Revenue growth has been positive, with a notable increase from 2022 to 2023. However, the EBIT and EBITDA margins have decreased in the TTM period, suggesting increasing operating expenses or other cost pressures.

Balance Sheet

Airiq Inc has a robust balance sheet with zero total debt and a strong equity position, evidenced by an equity ratio of approximately 88.5% in the TTM period. The return on equity is slightly lower in TTM due to a decrease in net income but remains solid. The company’s strong cash position and lack of debt reduce financial risk significantly.

Cash Flow

Free cash flow has decreased in the TTM period, impacted by reduced operating cash flow compared to the previous year. However, the company maintains a healthy operating cash flow to net income ratio, suggesting efficient cash generation relative to earnings. The free cash flow to net income ratio has also decreased, indicating less cash available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.57M	5.54M	5.51M	5.05M	4.37M	3.71M
Gross Profit	3.32M	3.40M	3.35M	3.04M	2.68M	2.49M
EBITDA	1.04M	874.00K	1.54M	1.47M	1.05M	886.00K
Net Income	219.00K	203.00K	869.00K	3.69M	567.00K	449.00K
Balance Sheet
Total Assets	9.19M	9.14M	9.11M	8.44M	4.56M	3.91M
Cash, Cash Equivalents and Short-Term Investments	2.55M	3.09M	3.13M	2.18M	1.90M	1.83M
Total Debt	0.00	0.00	0.00	0.00	54.00K	117.00K
Total Liabilities	1.09M	1.04M	1.21M	1.48M	1.39M	1.19M
Stockholders Equity	8.09M	8.10M	7.90M	6.96M	3.17M	2.72M
Cash Flow
Free Cash Flow	-208.00K	83.00K	993.00K	399.00K	251.00K	-361.00K
Operating Cash Flow	1.27M	992.00K	1.65M	1.07M	1.21M	253.00K
Investing Cash Flow	-1.45M	-909.00K	-656.00K	-673.00K	-960.00K	-614.00K
Financing Cash Flow	-317.00K	-120.00K	-44.00K	-123.00K	-180.00K	-21.00K

Airiq Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.53
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IQ, the sentiment is Negative. The current price of 0.53 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.50, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 43.96 is Neutral, neither overbought nor oversold. The STOCH value of 56.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IQ.

Airiq Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IQ	59 Neutral	C$14.23M	64.67	2.70%	―	4.42%	-53.42%
RW	57 Neutral	C$17.14M	68.85	446.71%	―	15.42%	―
AXE	48 Neutral	C$11.09M	-13.43	―	―	-22.45%	-144.97%
ADCO	47 Neutral	C$9.90M	-18.52	-4.97%	―	7.41%	55.10%
VQS	45 Neutral	C$13.87M	-0.94	-9999.00%	―	-0.83%	-8.33%

Airiq Inc Corporate Events

AirIQ Inc. Achieves Record Revenue Growth in Q3 2025

AirIQ Inc. reported a record 16% increase in recurring revenue for the quarter ending September 30, 2025, marking a significant milestone in the company’s financial performance. The company’s total revenue rose by 20%, and net income surged by 368%, reflecting strong growth across all major financial metrics. Following the quarter’s end, AirIQ completed a strategic acquisition that further boosted its recurring revenue stream, surpassing the $6 million annualized revenue mark. This growth positions AirIQ favorably within the IoT asset management industry, promising enhanced profitability and expansion opportunities for stakeholders.

AirIQ Expands Growth with Strategic IoT Asset Acquisition

AirIQ Inc. has announced the strategic acquisition of assets from a privately held IoT services company, which includes customers, video telematics software solutions, and other marketing assets. This acquisition, valued at up to $850,000, is expected to significantly enhance AirIQ’s growth strategy by adding a customer base generating $450,000 in annual recurring revenues with high margins. The acquisition also introduces a new video telematics solution to meet immediate customer demand, positioning AirIQ for further expansion in its growth channels.