EQ Inc.

09:51 AM EST - EQ Inc. : Published an updated Research Report after EQ Works released its second quarter of 2020 financial statements. Revenue in the second quarter was $1.73 million, a decrease of 22%, compared to $2.21 million in the same quarter in 2019, but in-line with our estimate of $1.77 million. Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspended or postponed work. However, the revenue from Data solutions increased by 38% year-over-year to $0.4 million in the quarter, now accounting for 25% of the overall revenue, and we expect it to reach 50% of overall revenue by 2022.

shares V.EQ are trading unchanged at $1.50.