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Earnings: EQ Works Reports Q3, Strong Revenue Growth, New Agency Clients Added

EQEQ Inc. (EQ Works), reported their earnings this morning for the second quarter ended June 30, 2013, and things look good for the online advertising company as they reported a $1.9 million in total revenue, an increase from $1.6 million the previous quarter.

“During the second quarter, we began seeing results,” said Geoffrey Rotstein, President and CEO. “We are now seeing more demand for our product and a greater share of our clients’ advertising budgets as we continue to demonstrate the effectiveness of our real-time advertising solution,” added Rotstein. “The largest growth area has been right here in Canada, where brands and agencies have been very receptive to our unique advantages and the results we deliver. We expect to see continued growth through the remainder of 2013.”

Highlights for EQ Works second quarter ended June 30, 2013:

  • At June 30, EQ Inc. had cash on hand of $4 million and no debt
  • The Company’s overall revenue increased 17% from the previous quarter
  • The Company relaunched under its new brand EQ Works and gained significant momentum for its real-time advertising solutions
  • Five new agency/clients were added during the quarter.