EQ Inc. Achieves Positive EBITDA and Revenue Growth in Q4 2024

Toronto-based EQ Inc. reported a profitable fourth quarter, marking notable financial achievements. Revenue for Q4 reached $3.3 million, showing a 33% increase from the previous quarter and a 5% boost year-over-year. This growth stemmed from strong demand for data-driven media solutions and a 133% revenue surge in the Paymi unit. A gross margin of 40% and an adjusted EBITDA of $161,000 were significant highlights.

Throughout 2024, EQ Inc. maintained a steady annual revenue of $9.9 million but improved its adjusted EBITDA loss by 40%, reducing it to $0.9 million. Strategic investment in technology has fortified the company’s focus on profitability, streamlining non-essential campaigns to enhance margins.

Major milestones included a $1.1 million contract with a leading automotive firm and over $1 million in AI-powered contracts with appliance manufacturers. The Paymi division expanded significantly, launching white-label platforms and securing partnerships with new clients like Save.ca.