Imaging biometrics LLC (OTCMKTS:IQAIF) Stock Moves In a Narrow Range: Here is Why
Imaging biometrics LLC (OTCMKTS:IQAIF) is moving in a range after IQ-AI Limited’s subsidiary publishes a letter to shareholders for the year ending 2021.
Market Stats
On Thursday, IQAIF stock ended flat at $0.0848 with more than 25K shares, compared to its average volume of 1K shares. The stock has moved within a range of $0.0848 – 0.0848 after opening trading at $0.0848.
Imaging Biometrics LLC – Letter to Shareholders
Over the past year, the company had to deal with the realities of COVID-19 as the pandemic imposed sales delay as hospitals changed resources to address the influx of patients. Interestingly the company didn’t experience any interruptions to its operations and development of major technologies. In 2021 the company saw a step change rise in revenue, almost doubling sales to $700,000.
While the company continues to receive financing from the NIH (National Institutes of Health) for numerous grant efforts, IB Clinic-container version sales drove this significant increase. In addition, Imaging Biometrics continued to obtain a good volume of trial orders for IB software, besides record sales. The majority of the orders were for IB-ce, allowing the company to generate its quantitative parameter mappings automatically. Therefore, in the coming weeks, investors should keep an eye on IQAIF.
