NEW UPDATE REPORT – EQ – Strongest Q1 in a Decade with Revenue Up 55% Y/Y Sets the Stage for Continued Revenue Growth in 2022
EQ recorded its highest Q1 revenue since 2012, with $2.7 million booked in Q1/2022, up 55% Y/Y, but slightly below our estimate of $3.0 million. Revenue dropped Q/Q due to seasonality as Q1 is traditionally the lowest revenue quarter of the year. Data business continued to grow and was 22% higher Y/Y. [more]