IGEN announces Net Profit for Second Quarter 2022
Lake Elsinore, CA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- IGEN Networks Corporation (OTC: IGEN) (CSE: IGN), a leading innovator of Internet of Things (IoT) solutions for the consumer automotive and commercial fleet industries, today announced unaudited financial results for its second quarter ended June 30, 2022:
Second Quarter Financials and Recent Accomplishments:
CEO Neil G. Chan stated, "IGEN is reporting a net income and profit for the first time since company inception. We are paticularly excited with our new sales channels, partnerships, and patent portfolio created over the last several years. The development of the most cost-efficient and scalable platforms in the industry has enabled the company to achieve profitability and improve our balance sheet in 2022. Our pipeline for the second half looks promising, as our recurring and new business revenues will continue to drive growth for both the consumer and commercial IoT markets."
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