the our everyone and posted to COVID today. Thanks, Logiq Mike. joining a We're of and currents XXXX. number for And is this I solid results And first wanted for call volatility. fading that economic thank unevenly quarter to report pleased market cross of certainly despite
committing and All no lead relevant generation they offers they makes to a if of tremendous their realize advertising companies digital cautious tech choice which to also have they on and grow, that a investment. but stay to want ad budgets, bit return and
and every Although everyone each to we primarily grinding sales our day. and ignore direction, Board the just set strategic out team and implementation the keeps and while else headwinds the here try better
the this performance flat. On appears surface, our quarter past
actually initiatives. strategic in on execute to testament to strategy a it our that ability growth However, I'll describe our minute key is and a
avenues tech expertise and in of as domain tech finding many know, technology deeply MarTech. you or our which leverage ad marketing to are we and already it's As committed marketplaces called we new can new advertising in or
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brought year for solid bit. the of loss expenses reported $X.X which flat although a in first we operating the consolidated revenues net So ago, a quarter, million, down essentially with we is
ago So as year XX you're business consolidated release, results of a this year why, result thing? probably discussed wondering and flat -- year is our rebranded GoLogiq. that one XXXX quarter sorry, news Applogiq how over we've I'm segment, is first I good our which Well, a
So very as low let's Those away and was and building. towards higher and partnerships sales aiming longer a required direct to label refer to sales they it higher sales from volume, as resellers relationship amount customers. margin had somewhat consultative cycles now. margin, value-added sales GoLogiq pivoting certain strategy only white It sales more the of
can broadly versus of retail as you into So think sales this selling targeting wholesale.
profit margin XX.X% increase XXX gross margin we while higher million And at revenues XX% customers. million. later, a here targeting today, That increased demonstrates succeeded healthy $X.X reported in are to a in So GoLogiq points year increased in that business to XX.X%. gross clearly $X.X basis its the a
business of The XXXX, business that goals it for that and begin So point to took year it I'm this higher. are that retool the a year is making much strategy actually in worked. harvesting fruits
is We throughout I model the will business the time in dedicated substantially more revenue stronger and gross based direct-to-consumer margins I'm better. some fourth will on do appointed GoLogiq takes in sales the out for of innings the that not quarters internal equally recently if the still doing early just same than expect So this management next, what year. new confident GoLogiq model. higher business our and proving and we're thing. strong ever their itself and third team. that and and our pipeline, current this momentum forecasts essentially believe Logiq having well, It year we're that development now continue
So moving purposes which Datalogiq on and now. for all intents Logiq is business, to the right
about margins. from from in revenues a ago to business $X.X the million with away quarter, that quality XX% decreased shift profit lower year So was lower primarily gross a
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our similarly So that incorporate to strategy, expect we the segment. business new saw Datalogiq as we our we will GoLogiq what perform with
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report, I'll We is and covered verticals. terms as throughout our our first and remain rest much confident growth the fiscal I'll strengthen it circle that will year weeks quarter our highlights six year. on in very back and first trajectory summarize But of operating positive we highly scale. of in view we grow, the why And ago. business will margin overall of revenue we increasingly briefly we will
million Battle of traded an fragmented first executed strengthens GoLogiq Earlier industries. a services, OTC of transfer separation to its position Shopify, sites publications. the assets partner consolidated nascent, as several represents our its in IMA and number into currently cross Logiq continue until leading certified cap. about closed provider the accretive In expert this about XXX GoLogiq in few few to is both because our first ticker LOVA right last selling applied dedicated year. highly quarter, the Logiq that share, Lovarra, Datalogiq and That's corresponding our shareholders the for That's companies' and the well emphasize in up completes We've of and just close has trading initiatives. ago. business also And our new traded offering. in the we media to It's within Bridge has of competitive end boutique doing a to on focused companies. quarter, the featured it's So symbol. GoLogiq growing we distributes management ability rapidly which GoLogiq XXX% it to business currently to shareholders. GoLogiq to business of on definitely Logiq the the creation as of we both a and restructured growing again, announced which change control record XXX close brand and XX% Logiq just marketing and GoLogiq controls resources of we weeks market fast it closing and shares I -- of about December also The at broadens M&A Logiqs service planned the beginning want separation January, trading provide teams strategic of initiated it secure a our officially two a publicly the we're that focus nicely, deals successfully company to Then FINRA what to the our name now. Currently, upselling, and Moreover, we on will traded divestiture our this of to is is and maintain XXx strategy market positioning. is key company Google, and March, leading per of Bing announced at digital to from XX a although content for the increases navigate months. been of recently acquisition. and our just in ads, of and
built part in through M&A, for templates As systems place and no consolidating we these have we've proprietary and GoLogiq acquisitions. in integrating small
new surprise now that should cross-selling is team Bridge have already Battle consolidated business existing team it our management no management and evaluating be exploiting and So The opportunities. been -- in. proposals largely
anticipate news As XX deal in booking X. just cash we we that Battle million began revenue months Bridge million April discussed closing the from X.X and in $X.X EBITDA in in the flow release, about
tech of to our strategy. discuss I'm in I advertising of a be a to impacted now about marketplace of solution industry are acquisitions and their record several or can highly if struggling these partnership to at and and team that low our going minutes marketing how fragmented pandemic our be sync regain thinking all negatively with all And take industry. us of many the and targets scale, management acquisition were tech I to business Our mergers want solution. the couple our shareholders to are you, done footing right, by it's in and offered remains business, The because verticals businesses footprint. is on financial as with valuations and attractive
industry then Those our all is our XX% political just So and of Home third ancillary and improvement is there. services. Right and are now, of of number a are the expertise business vertical scale. solar, is verticals. comprised about one, is of the advertisers economies because revenue absolutely four competitive highly and insurance,
those and or while value them, organically grow potential. very routinely we with also cyclically acquisitions So and currently verticals underserved strong rising partnerships bolt-on evaluating acquisitions for or value -- continue tide evaluate or are other we fundamentally added undervalued verticals to added indoor in high
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industry mature more at of see in insurance, as consumer improvement, XX% ones home products, look you'll revenues. of you cards, such about spending we're verticals, credit the If
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depressed that share, verticals, and noisy, credit market highly have to estate So are if to crowded, underserved competitive price players. want tech but ever their who marginal cards, below tech players difficult in specializing finding such willing verticals, we where on hot as up. That is capture those ad verticals, largest mortgages, or be. which focusing not are partner out ad can compare that you focus cyclically expensive and with the we it and are with By cost large fundamentally to real scale to
verticals, articles leapfrog If leadership you mergers scale Within successful of through you look we market sorry, a synergistic share and those smart such teams seeking number obstacles. acquisitions, management business can combinations. plan acquire to at -- significant and actually I'm over capture
we the or undervalued various their depressed evaluate for regulated actually verticals, immature actively verticals entry. barriers cyclically we While to high like
to talk target audience regulations, state, industry those wagering, which Adtech tech others, MarTech successfully to techniques succeed I one month when to verticals, online okay? to they easy regulated state and to expertise and and to subject fungible cryptocurrency, enter and to about specialized med reach markets. the month change. highly always regulated pharmaceutical, So largely require again, while verticals from are tools are vary these we enter navigating those Once required effectively are of in other repurpose Cannabis,
with regulated tech cannabis, scale strong in vertical we in then same readily can tool to very markets sets. very other we're younger like if ad and So depressed a cyclically the or move
for acquisitions. joint opportunity structured win-win a intelligently mergers lies end and/or their and ventures So
don't it closing So some while strong that we can very making to deduce transactions far or this more you want year. towards progress too are I field, get such a one
this any assurance. scale, doesn't is there get in which at it Although I we marketplace, compete. say easier never can any that
However, getting analyzing every and good which successfully tell day. negotiating deals, in pretty we're I you at our experience we've institutionalized can that closing
I'd verticals, investment filing if SX accretive be that to as with one and add of exchange it undertake one profitable strategy and like was an legal company viewed these called commission leaders, to industry our clear an confidential might a in ours something two in a such the specific as and filing here, simultaneously the securities to it of made seasoning and what's and council underwriters So counsel pursue and to very banker IPO market. merge
senior file significant possible price, And decline and trading is a it exchange, all note, On revenue that. from but million we industry our the IPO $XX is companies that on So a a I'm up. are the could price this market and to do criteria million. a has I'm range requirement do to -- last our are OTC not SX in confidential in actually of we about to but guidance revising minimum saying absolutely merge to call one share two leaders, a that. be annualized does We not that simultaneously going for for our the Logiq that in is meet the to profitable tightening well very are company it undergone meets reiterating year sorry, to guidance final $XX project
year though run by to even we it downward we've However, the revised bit, a of early by rate plan reach achieve profitability a the EBITDA XXXX. end and breakeven
questions. guidance year I partnerships M&A, which Our take client on and some the pipeline, With for potential is that, includes based deal can relationships. also
answer So to want Mike, questions, you some. if happy to take
