Reports Record 33% Recurring Revenue Growth TORONTO, ON / ACCESS Newswire / February 25, 2026 / AirIQ Inc. ("AirIQ") (TSXV:IQ), a leader in IoT-based asset management solutions since 1997, today announced its financial results for the three and nine months ended December 31, 2025, reporting a record growth for recurring revenue. Unless otherwise noted herein, all amounts are in thousands of Canadian dollars except share and per share information. ...

Core Viewpoint - BeWhere Holdings Inc. has successfully closed a brokered private placement, raising gross proceeds of C$5,005,000 through the issuance of 7,150,000 common shares at a price of C$0.70 per share [1][3]. Group 1: Offering Details - The private placement was conducted with Canaccord Genuity Corp. as the lead agent, and included an over-allotment option exercised in full by the agents, resulting in the issuance of an additional 1,430,000 common shares [1]. - The offering was completed under the "listed issuer financing" exemption, allowing the company to avoid certain prospectus requirements in Canada, excluding Québec [2]. - The net proceeds from the offering will be utilized to expand the equipment rental business, fund European expansion, and for working capital and general corporate purposes [3]. Group 2: Financial Arrangements - The company paid the agents a cash commission of C$300,300 and issued 429,000 non-transferable warrants to the agents, exercisable within 36 months at the issue price [4]. Group 3: Company Overview - BeWhere specializes in low-power 5G IoT wide-area tracking technology, providing remote monitoring solutions that address cost, power, and environmental challenges [5]. - The company has experienced rapid growth over the past six years, collaborating with Fortune 500 companies and deploying hundreds of thousands of trackers across various sectors, including transportation, construction, logistics, utilities, health, and government [5][6]. - BeWhere's tracking solutions are designed to be cost-effective and easy to implement, enhancing the capabilities and growth potential of AI solutions through increased connectivity of devices [6].

Core Insights - BeWhere Holdings Inc. has launched BeBatt, a fifth-generation asset tracking device aimed at reducing costs and maintenance needs while providing enterprise-grade reliability [1][3] - BeBatt is designed to facilitate the mass-scale adoption of IoT asset tracking by offering a long operational lifespan of up to 10 years and significant cost savings [2][13] Product Features - BeBatt utilizes a refined LTE-M and NB-IoT architecture for deep indoor penetration and remote rural coverage, enhancing performance in challenging environments [3] - The device is fully integrated with BeWhere's cloud platform and APIs, making it suitable for immediate deployment across various sectors including transportation, construction, healthcare, and government [4] - Key features include a replaceable lithium battery paired with a supercapacitor for extended operational life, universal location intelligence for both outdoor and indoor tracking, and real-time alerts for asset monitoring [13] Market Positioning - BeWhere aims to improve the total cost of ownership within the IoT marketplace, making expanded deployment feasible for global logistics and industrial sectors [3][6] - The company has experienced rapid growth over the past six years, collaborating with Fortune 500 companies and deploying hundreds of thousands of trackers across multiple industries [6][7]

Core Insights - BeWhere Holdings Inc. has released a new case study showcasing its collaboration with Examinetics, a leading provider of mobile occupational health services in the US, highlighting the use of BeWhere's BeMini asset trackers to enhance equipment management [1][2]. Company Overview - BeWhere specializes in low-power 5G IoT wide-area tracking technology, focusing on creating remote monitoring solutions that address cost, power, and environmental challenges. The company has experienced rapid growth over six years, collaborating with Fortune 500 companies and deploying hundreds of thousands of trackers across various sectors, including transportation, construction, logistics, utilities, health, and government [4][5]. Product Features - The BeMini tracker is compact, measuring 2¼"x 1½" x ¾", weighs only 50 grams, and offers customizable reporting configurations to extend battery life for months. It operates on T-Mobile for Business low-power 5G LTE-M networks, ensuring national coverage with minimal energy consumption [2][3]. Collaboration Impact - The partnership between BeWhere, Examinetics, T-Mobile for Business, and KORE demonstrates how asset tracking can improve compliance, reduce downtime, and scale services in occupational health. The BeMini tracker significantly enhances the efficiency and service delivery of Examinetics by ensuring health professionals have the necessary equipment on-site and on time [3][4]. Industry Implications - The collaboration illustrates the transformative potential of evolving IoT technology in reshaping health services. BeWhere's participation in the T-Mobile for Business Registered Partner Program enables the introduction of low-power 5G connectivity for asset tracking solutions, enhancing the capabilities and growth potential of AI solutions through increased connected devices [3][5].

Core Insights - Lantronix Inc. (NASDAQ:LTRX) is collaborating with Safe Pro Group to develop AI-driven edge intelligence for defense and autonomous systems [1][3] - The partnership focuses on integrating Safe Pro's Object Threat Detection algorithms with Lantronix's Qualcomm-based Open-Q SOM solutions [1][2] Group 1: Partnership and Technology Development - The collaboration aims to create embeddable chipsets for real-time, on-device threat detection in drones and unmanned aerial systems without cloud connectivity [2] - The technical integration utilizes the Open-Q 5165RB SOM, which employs the Qualcomm Dragonwing QRB5165 System on Chip for high-performance, power-efficient computing [2] - By processing AI models locally, the architecture enhances latency, resilience, and mission-critical security [2] Group 2: Market Applications and Strategic Goals - The design is optimized for identifying landmines and small threats, supporting advanced machine vision and neural network capabilities at the network edge [3] - The partnership targets high-growth opportunities in the global drone market, collaborating on programs like Red Cat Holding's Teal Black Widow quadcopters for the US Army [3] - The initiative includes integrating AI outputs into the Android Tactical Assault Kit platform via secure gateways, aligning with Lantronix's Edge AI strategy [3] Group 3: Company Overview - Lantronix Inc. develops, markets, and sells industrial and enterprise IoT products and services across various regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan [4]

Core Viewpoint - Aurora Mobile has announced a strategic partnership with Blurams Tec Limited to enhance customer engagement through its AI-driven platform EngageLab, aiming to support Blurams' transition from hardware sales to comprehensive service growth in the AIoT sector [1]. Company Overview - Aurora Mobile is a leading provider of customer engagement and marketing technology services in China, focusing on stable messaging services and digital transformation solutions for enterprises [8]. - Blurams Tec Limited is a global provider of smart video cloud platform services, offering "Smart Hardware + AI Cloud Platform" solutions across key markets [5]. Partnership Details - The collaboration will utilize EngageLab's Marketing Automation technology to create an intelligent user operation system, enhancing Blurams' service delivery and operational efficiency [1][4]. - EngageLab's solution includes Marketing Automation, AppPush, and Email services, designed to optimize user engagement throughout the customer lifecycle [4][5]. Market Strategy - Blurams aims to increase the adoption of its cloud services (SaaS) by focusing on superior user experiences, recognizing that sustainable growth depends on satisfying its existing user base [2]. - The partnership is expected to improve operational efficiency and inject new momentum into Blurams' global business growth [4]. Technological Impact - EngageLab's automated strategies will enhance user journeys at key lifecycle nodes, improving the timeliness and relevance of interactions through personalized service messages [5]. - The collaboration will leverage EngageLab's global resources to optimize cross-regional message delivery, significantly increasing the delivery rate of key service notifications [5].

Core Viewpoint - Aurora Mobile has announced a strategic partnership with Blurams Tec Limited to enhance customer engagement through its AI-driven platform EngageLab, aiming to support Blurams' transition from hardware sales to comprehensive service growth in the AIoT sector [1]. Company Overview - Aurora Mobile is a leading provider of customer engagement and marketing technology services in China, focusing on stable messaging services and digital transformation solutions for enterprises [8]. - Blurams Tec Limited is a global provider of smart video cloud platform services, offering "Smart Hardware + AI Cloud Platform" solutions across key markets [5]. Partnership Details - The collaboration will utilize EngageLab's Marketing Automation technology to create an intelligent user operation system, enhancing Blurams' service delivery and operational efficiency [1][4]. - EngageLab's solution includes Marketing Automation, AppPush, and Email services, designed to optimize user engagement throughout the customer lifecycle [4][5]. Market Strategy - Blurams aims to increase the adoption of its cloud services (SaaS) by focusing on superior user experiences, recognizing that sustainable growth depends on satisfying its existing user base [2]. - The partnership is expected to improve operational efficiency and inject new momentum into Blurams' global business growth [4]. Technological Impact - EngageLab's automated strategies will enhance user journeys at key lifecycle stages, improving the timeliness and relevance of interactions through personalized service messages [5]. - The collaboration will leverage EngageLab's global resources to optimize cross-regional message delivery, significantly increasing the delivery rate of key service notifications [5].

Core Viewpoint - BeWhere Holdings Inc. is conducting a private placement offering of up to 5,720,000 common shares at a price of C$0.70 per share, aiming for gross proceeds of up to C$4,004,000 to support business expansion and working capital needs [1][3]. Group 1: Offering Details - The offering includes an Over-Allotment Option allowing agents to sell an additional 1,430,000 common shares, potentially raising an extra C$1,001,000 [2]. - The offering will be completed on a private placement basis, utilizing the "listed issuer financing" exemption in Canada and other jurisdictions, excluding Quebec [4]. - The expected closing date for the offering is around February 18, 2026, pending necessary regulatory approvals [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to expanding the equipment rental business, funding European expansion, and covering general corporate purposes [3]. Group 3: Agent Compensation - The company will pay agents a cash commission of 6.0% on the gross proceeds and issue warrants equal to 6.0% of the number of offered securities at the issue price [6]. Group 4: Company Overview - BeWhere specializes in low-power 5G IoT wide-area tracking technology, providing remote monitoring solutions across various sectors, including transportation and logistics [9]. - The company's tracking solutions are designed to be cost-effective and easy to implement, enhancing the capabilities of AI management platforms [10].

Financial Data and Key Metrics Changes - Digi International reported quarterly revenues of $122 million, an 18% increase year-over-year [4] - Annualized recurring revenue (ARR) reached $157 million, up 31% year-over-year, marking the fifth consecutive quarter of double-digit growth [4] - Adjusted EBITDA for the quarter was $32 million, a 23% increase year-over-year, with an adjusted EBITDA margin of 25.8%, a new quarterly record [4] - The company generated $36 million in cash during the quarter [4] Business Line Data and Key Metrics Changes - IoT solutions segment grew by 32% year-over-year, while IoT products and services segment grew by 26% year-over-year [5] - The integration of the Jolt acquisition into the SmartSense One platform is progressing well, with strong customer response and cross-selling opportunities [5][6] Market Data and Key Metrics Changes - The company is seeing success across various verticals, including mass transit, utilities, and retail digital signage, with improvements noted in the data center segment [18][20] - The acquisition of Particle is expected to enhance Digi's edge-to-cloud capabilities and expand its addressable market in IoT device management [6][7] Company Strategy and Development Direction - Digi aims to achieve $200 million in ARR and adjusted EBITDA by the end of fiscal 2028, with strategic acquisitions being a top priority [8] - The company is embedding AI capabilities into its products and customer-facing solutions, positioning itself to capitalize on trends in AI, edge computing, and industrial automation [8] - The Particle acquisition is seen as a catalyst for growth, enhancing the company's OEM solutions and overall market presence [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improving demand environment, particularly in sectors like AI infrastructure and data centers [20] - The company remains cautious about the sustainability of the AI infrastructure buildout but is optimistic about ongoing improvements [20] - Management emphasized a focus on profitable growth rather than growth at all costs, aiming to scale the business responsibly [29] Other Important Information - For fiscal 2026, the company anticipates ARR growth of 23%, revenue growth of 14%-18%, and adjusted EBITDA growth of 17%-21% [10] - The guidance includes the impact of the Particle acquisition, which is expected to contribute approximately $20 million-$22 million in ARR and $13 million-$14 million in revenue [10] Q&A Session Summary Question: Update on demand environment and data centers - Management noted success across various verticals, with improvements in mass transit, utilities, and retail digital signage, and some success in data centers, particularly with the Opengear product line [18][20] Question: Sales synergy opportunities with Particle - Management highlighted the integration of Particle into existing offerings, focusing on embedded-as-a-service solutions and maintaining direct relationships with end users [22][23] Question: Growth rate of Particle and guidance clarification - Management indicated that while Particle will contribute to growth, the overall guidance reflects a cautious approach, with a slight uptick in operational performance [30][32] Question: Gross margin expectations - Management expects continued gross margin expansion as ARR grows, with historical trends indicating a 10-15 basis point increase sequentially [35] Question: Competitive landscape and memory pricing - Management discussed the competitive dynamics in the cellular router market and the impact of memory pricing due to AI demand, emphasizing the importance of supply allocation [47][56] Question: Update on Jolt synergies - Integration efforts from the Jolt acquisition are on track, with both field and support services integration proceeding as planned [59]

Financial Data and Key Metrics Changes - Digi International reported quarterly revenues of $122 million, an 18% increase year-over-year [4] - Annualized recurring revenue (ARR) reached $157 million, up 31% year-over-year, marking the fifth consecutive quarter of double-digit growth [4] - Adjusted EBITDA for the quarter was $32 million, a 23% increase year-over-year, with an adjusted EBITDA margin of 25.8% [4] - The company generated $36 million in cash during the quarter [4] Business Line Data and Key Metrics Changes - IoT solutions segment grew by 32% year-over-year, while IoT products and services segment grew by 26% year-over-year [5] - The integration of the Jolt acquisition into the SmartSense One platform is progressing well, with positive customer responses and cross-selling opportunities [5][6] Market Data and Key Metrics Changes - The company is experiencing strong demand across various verticals, including mass transit, utilities, and retail digital signage, with some success noted in the data center segment [18] - The demand environment is improving, particularly in relation to AI infrastructure buildout [20] Company Strategy and Development Direction - The acquisition of Particle is expected to enhance Digi's edge-to-cloud capabilities and expand its addressable market in IoT device management [6][7] - The company aims to achieve $200 million in ARR and adjusted EBITDA by the end of fiscal 2028, with strategic acquisitions being a priority [8] - Digi is focusing on profitable growth rather than growth at all costs, emphasizing the importance of scaling the business sustainably [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing strength of various business segments, despite challenges such as commodity prices and memory pricing volatility [37] - The company plans to provide further updates on guidance after the second fiscal quarter, reflecting a cautious approach to annual guidance adjustments [32][38] Other Important Information - For fiscal 2026, the company anticipates ARR growth of 23%, revenue growth of 14%-18%, and adjusted EBITDA growth of 17%-21% [10] - The adjusted net income per diluted share is expected to be between $0.56 and $0.59, including an impact from interest of $0.05 to $0.06 per diluted share [11] Q&A Session Summary Question: Demand environment update and data centers - Management noted success across various verticals, including mass transit and utilities, with improving conditions in the data center segment [18][20] Question: Sales synergy opportunities with Particle - The integration of Particle is expected to enhance embedded-as-a-service offerings, allowing for deeper engagement with OEM customers [22] Question: Growth strategy for Particle and profitability management - The focus will be on profitable growth, leveraging Particle's service-oriented culture to enhance Digi's existing offerings [28][29] Question: Gross margin expectations - Management indicated that gross margins are expected to continue to improve as ARR grows, with historical trends suggesting a 10-15 basis point expansion [35] Question: Competitive landscape and growth dynamics - The company is optimistic about its cellular router and Ventus segments, with a focus on becoming a solution provider rather than just a device manufacturer [47] Question: Memory pricing impact on device customers - Management is actively managing supply allocations and exploring alternative providers to mitigate memory pricing volatility [56] Question: Update on Jolt synergies - Integration efforts for Jolt are on track, with successful collaboration between field teams and support services [59]