eResearch

EQ Works – Data Revenue Surges 95% Annually as Overall Revenue Up 16% Q/Q as Advertisers Return to Market

April 19, 2021 Chris Thompson

13-page Update Equity Research Reports on EQ’s Q4/2020 and 2020 Annual results. Data solutions revenue increased 95% annually to $2.55 million in 2020 and now accounts for 24% of the overall yearly revenue. In January, the Company reported more than $4 million in new commitments for data-driven marketing projects. Overall annual revenue increased 16% to $10.4 million. [more]

mCloud Reports 47% Yearly Revenue Increase and Closes $14.5M Financing

April 17, 2021 Chris Thompson

mCloud’s annual revenue hit a record of C$26.9 million in 2020, up 47% from 2019. AssetCare revenue comprised 76% of total revenue and, with a strong backlog and sales pipeline, is expected to double AssetCareAssetCare revenues in 2021. [more]

AI-Driven Lending Platform Upstart IPO’s on NASDAQ and Jumps 47% on First Day

January 9, 2021 Jay Yi

Upstart Holdings, an AI-driven lending platform, launched its IPO at $20.00 per share on the NASDAQ at an approximate valuation of $1.5B. On the first day of trading, Upstart’s stock increased by 47% from the IPO price to $29.47 per share. [more]

ServiceNow to Acquire Canadian Artificial Intelligence Start-Up Element AI

December 22, 2020 Jay Yi

ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]

CRM Pioneer Tom Siebel’s Enterprise AI Firm C3.ai IPO’s on the NYSE with a $4B Valuation

December 11, 2020 Jay Yi

C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]

EQ Works – Data Revenue Surges by 81% in Quarter as Advertising Revenue Recovers from COVID-19 Hit

November 26, 2020 Chris Thompson

Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]

Healthcare Companies Investing in AI – Medtronic, Health Catalyst, and Cognetivity Leverage Machine Learning to Enhance Patient Care

September 24, 2020 Jay Yi

In an effort to improve services for patients, healthcare companies are focusing on acquiring and developing AI technologies to enhance administrative and operational capabilities. Last year, global AI venture capital investments in the healthcare and pharmaceutical sector reached $2.4B compared with $1B in the prior year. [more]

Analyst Articles

EQ Inc. – Data Revenue Continues to Grow Despite Slower COVID-19 Quarter

September 9, 2020 Chris Thompson

Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspend or postponed work. Q2/2020 Revenue was $1.73M, a decrease of 22%, compared to $2.21M in Q2/19, but in-line with our estimate of $1.77M. [more]

Silicon Valley Spy Software Company Palantir Plans Direct Listing in September

August 27, 2020 Chris Thompson

The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]

Canadian Predictive Analytics Firm RIWI Determines U.S. Joblessness is Worse than What’s Being Reported

August 6, 2020 Caitlin Cheadle

According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]