AirIQ publishes MD&A for year ended March 31, 2026

IQIYI, INC.

IQIYI, INC.

IQ

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  • AirIQ published its MD&A for the year ended March 31, 2026, highlighting total revenue of CAD 6.5 million, up 17%.
  • Recurring revenue rose 23% to CAD 5.92 million, lifting recurring mix to 91% from 87% as hardware revenue fell 22% to CAD 582,000.
  • Gross profit increased 14% to CAD 3.89 million; gross margin slipped to 60% from 61%.
  • Net income declined 49% to CAD 104,000, weighed by higher expenses, higher depreciation, foreign-exchange losses, and a prior-period tax provision.
  • Cash ended at CAD 1.57 million; investing cash outflow rose to CAD 1.83 million, including CAD 463,000 of software development spend.


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