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home / news releases / WEYL - Logiq expects FY20 revenue of over $38M


WEYL - Logiq expects FY20 revenue of over $38M

Logiq (WEYL) expects FY20 record revenue at more than $38 million, with margins expanding across all business segments. The company sees revenue in 2H20 to be driven primarily by 20% growth in DataLogiq, leading to more than $38 million in annual revenue. FY20 net loss, driven primarily by the pandemic impact, to improve from $4.5M in the 1H20 to about $2M in 2H20, with this improvement trend continuing into the new year, as margin improve from around 18% to the target of 30-32% in 2021. Source: Press Release

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Logiq expects FY20 revenue of over $38M
Stock Information

Company Name: Weyland Tech Inc.
Stock Symbol: WEYL
Market: OTC
Website: weyland-tech.com

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