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Reklaim Ltd V.MYID

Alternate Symbol(s):  MYIDF

Technology
Reklaim Ltd. is a Canada-based consumer-focused data company. The Company is engaged in offering compliant, first-party data to Fortune 500 brands and agencies, platforms, and data companies through which it allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold on them for years without the consumer's explicit consent. It enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, consumers can be compensated for using their data or protect it via a suite of privacy tools. The Company's platform offers various data segments, which includes household information, interests, traits, reading preferences, watching preferences, donation history, and financial information. It reveals various attributes based on the amount or variety of regular Internet activities of the consumers, such as reading articles, shopping, managing finances, and streaming platforms.


TSXV:MYID - Post by User

Reklaim Ltd
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Post by partystockeron May 31, 2022 2:56pm
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Post# 34720879

$MYID.v Quarterly Results

$MYID.v Quarterly Results

Highlights here from Reklaim’s (TSXV: MYID) Q1 financial report. 


  • Revenue increased 217% compared to Q1 2021

  • Increased the number of customers buying data from Reklaim in Q1-2022 versus Q1-2021 by 87%,

  • As of March 31, 2022, cash equivalents were $485,743 compared to $463,620 in the year ended December 31, 2021.


CEO Neil Sweeney stated the company is working towards reducing its cost structure. After 2 years of building scale, distribution, and a dominant consumer-facing brand, the company is planning to be cash flow neutral by the end of Q2 this year. 


It’s good to see Reklaim’s revenue and user acquisition continue to grow, following the rapid growth reported in the company’s last financial report. 


$MYID.v is currently trading at $.08, presently valued at CAD $5.5 million. 


https://ceo.ca/@newsfile/reklaim-announces-q1-2022-financial-results-with-year-over-year

 
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