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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 nine months ended 30 November 2023, LQWD Technologies Corp revenues decreased from C$5K to C$0K. Net income totaled C$576K vs. loss of C$7.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Gain (loss) on revaluation increase from C$4.2M (expense) to C$2.2M (income), Stock-based Compensation in SGA decrease of 84% to C$128K (expense).
Employees: 9 as of Feb 28, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $6.66M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$0.93M as of Nov 30, 2023
Net annual income (TTM): -$1.31M as of Nov 30, 2023
Free cash flow (TTM): -$1.12M as of Nov 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 13,228,026 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization