The following Management's Discussion and Analysis of Financial Condition and
Results of Operations ("MD&A") provides information for the three and nine month
periods ended
Certain statements in this MD&A constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. You should carefully read the cautionary note in this MD&A regarding forward-looking statements and should not place undue reliance on any such forward-looking statements. See "Cautionary Note Regarding Forward-Looking Statements".
Additional information about the Company, including our most recent consolidated financial statements and our Annual Information Form, is available on our website at www.igen-networks.com, or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Cautionary Note Regarding Forward-looking Statements
Certain statements and information in this MD&A may not be based on historical
facts and may constitute forward-looking statements or forward-looking
information within the meaning of the
Typically include words and phrases about the future such as "outlook", ? "may", "estimates", "intends", "believes", "plans", "anticipates" and "expects"; ? Are not promises or guarantees of future performance. They represent our current views and may change significantly; ? Are based on a number of assumptions, including those listed below, which could prove to be significantly incorrect: - Our ability to find viable companies in which to invest - Our ability successfully manage companies in which we invest - Our ability to successfully raise capital - Our ability to successfully expand and leverage the distribution channels of our portfolio companies; - Our ability to develop new distribution partnerships and channels - Expected tax rates and foreign exchange rates. ? Are subject to substantial known and unknown material risks and uncertainties. Many factors could cause our actual results, achievements and developments in our business to differ significantly from those expressed or implied by our forward-looking statements. Actual revenues and growth projections of the Company or companies in which we are invested may be lower than we expect for any reason, including, without limitation: - the continuing uncertain economic conditions - price and product competition - changing product mixes, - the loss of any significant customers, - competition from new or established companies, - higher than expected product, service, or operating costs, - inability to leverage intellectual property rights, - delayed product or service introductions
Investors are cautioned not to place undue reliance on these forward-looking statements. No forward-looking statement is a guarantee of future results.
3 Table of Contents Overview
During the nine months of 2022, the Company has made significant progress on
increasing its customer-base for both the consumer and commercial platforms. The
Company also increased its patent portfolio from 20 to 40 claims with the most
recent patent-pending filing for scoring autonomous driven vehicles. Notable
highlights of the nine-month period ended
IGEN secures$5M Equity-Line Financing to support product brand growth and strategic initiativesAssociation of Credit Union Executives of Puerto Rico (ASEC) announces Exclusive Marketing Agreement to sell CU Trak and Family Shield products to its members inPuerto Rico affiliated Latin American territories IGEN files Patent Pending Application for Creating Real-Time Driver Telematic
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