The Louqe Ghost R1 was 17L aluminium Mini-ITX case in development. The Ghost R1 was expected to release in Q1 2024, however the project has been paused due to lack of funding. Has Louqe gone bankrupt? QUOL Sweden AB files for Bankruptcy on 24/01/2024.
Statement from the Louqe’s Mio “I’m afraid we have no good news unfortunately. We are currently in a very tight financial situation and are frantically trying to find more capital in order to survive and keep pushing exciting new stuff to the market. If and when that happens, and I sincerely hope it does, I’ll make sure to keep you in the loop and updated.”
Latest: Louqe has most likely filed for Bankruptcy on 2024-01-24, under company name: QUOL Sweden AB
- QUOL Sweden AB company profile is linked to Louqe.com, Patrik Kristian Michalski, Louqe business address, and sectors: https://www.dnb.com/business-directory/company-profiles.quol_sweden_ab.9b7974aaebdd9eabbf168efd21cccc8c.html
- We found that Louqe AB looked to be a listed company, but no longer: https://webcache.googleusercontent.com/search?q=cache:https://www.dnb.com/business-directory/company-profiles.louqe_ab.9b7974aaebdd9eabbf168efd21cccc8c.html
It is looking increasingly unlikely that these events are unrelated. While, bankruptcy doesn’t necessarily mean the end, it doesn’t inspire confidence or bode well for the future. We spoke with a Swedish industry professional who recalls Louqe AB as being listed company, however this is not the case currently. This makes the situation, all the more confusing as to what is happening with Louqe behind closed doors.
CEO & Founder Patrick and Louqe staff are yet to make a public statement regarding the bankruptcy filing. A recent statement from Louqe’s Mio “Gang, sorry for keeping everyone in the dark these past few days, but it’s not over until we say it is! As you know, we have gone through challenging times and there are still a few uncertainties left on the horizon that will determine if we will be able to carry on. Please give us some more time and we’ll be back with a more detailed update as soon as we know more.”
It’s not fully clear what led to the financial difficulties face by Louqe, but could certainly be attributed to the high price of their cases and limited reach, a shifting ITX landscape with Ghost S1 and the poor reception and sales of the RAW S1.
There have also been unconfirmed reports out of China that the factory that manufactured the Ghost & RAW S1 was left with surplus of cases as Louqe was unable to fulfil payment for them.
Update from Louqe’s Mio on 23/02/2024 “Gang, as you know, we are going through turbulent times and there’s still uncertainty ahead that will determine whether we can continue as planned. However, we have high hopes that LOUQE will come back stronger than ever and rest assured that we are working hard to make that happen. We’re not out of the woods yet, but today we are more confident that we are likely to succeed. Please give us some more time and we’ll be back with a more detailed update as soon as we know more. As always, thanks to everyone here for your persistent and unreserved support!”
We do hope Louqe is able to find its feet once more, whatever the situation as the Ghost R1 looks to be a promising case.