The Toronto-based capital-markets communications platform reported nearly US$14 million in revenue for the three months ended March 31. Its net loss was almost US$6.6 million, down from US$13.5 million in the same period last year. (The Logic)
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The Toronto-based capital-markets communications platform reported nearly US$14 million in revenue for the three months ended March 31. Its net loss was almost US$6.6 million, down from US$13.5 million in the same period last year. (The Logic)
Talking point: CEO Darrell Heaps said in a statement the growth “is directly correlated to our investments in our technology platform” and selling to existing customers. Q4, which went public on the Toronto Stock Exchange in October 2021, saw its shares rise, before they dropped about 3.5 per cent at close. It’s one of the firms whose IPO made for a record-breaking year for the TSX in 2021. Most of the innovation-economy firms that went public via an IPO that year have since struggled on the public markets, trading below their IPO offering prices amid economic uncertainty. Q4 is among them. It offered its shares at $12 each in its IPO. They have traded in the single digits since late November 2021.
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