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LQWD Technologies Corp. (V:LQWD)

Business Focus: Blockchain Technology (Software)

Sector:  Technology Industry:  Blockchain & Cryptocurrency
 
Company Contact
Address: 1710 - 1050 West Pender Street
VANCOUVER BC V6E 3S7
Tel: N/A
Website: interlapse.com
IR: See website
Key People
N/A    
Business Overview
LQWD Technologies Corp. is a Canada-based Bitcoin lightning network company. The Company is focused on developing various Web-based platforms, solutions, and applications. The Company's Lightning Network represents a cutting-edge layer two payment infrastructure constructed atop the Bitcoin blockchain, which facilitates immediate payments. Its Bitcoin Lightning Network has the capability to process millions of instantaneous transactions per second. The Company holds approximately 100 Bitcoin, and it uses it to establish nodes and payment channels on the Lightning Network, and to operate decentralized applications. The Company provides an opportunity to participate in technological advancement in the financial market, bitcoin as an asset, and enterprise grade Lightning Network infrastructure. The Company is a network node operator, and the nodes are positioned to process transactions routed through its network.
Financial Overview
For the fiscal year ended 29 February 2024, LQWD Technologies Corp revenues decreased 90% to C$1K. Net loss decreased 79% to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Gain (loss) on revaluation of digital cu increase from C$3.2M (expense) to C$3.2M (income), Stock-based Compensation in SGA decrease of 85% to C$135K (expense).
Employees: 9 as of Feb 28, 2022
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Feb 29, 2024
EBITDA (TTM): -$1.11M as of Feb 29, 2024
Net annual income (TTM): -$2.02M as of Feb 29, 2024
Free cash flow (TTM): -$1.03M as of Feb 29, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 13,020,026 as of Jun 24, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization