AirIQ Inc. reported stronger operating performance driven by growth in recurring service revenue, which rose sharply year over year and increased from the prior quarter, lifting total revenue and gross profit. The company continued investing in product and platform development, including integrating new hardware, upgrading customer interfaces, and building new solution features, and also recorded cash outflows related to acquisitions. AirIQ maintained an undrawn revolving credit facility. The company highlighted ongoing supply-chain risk from semiconductor shortages, which has caused delays and low inventories, and noted it is seeking alternative suppliers. The full report can be accessed through the link below.

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