Reklaim Ltd V.MYID

Alternate Symbol(s): MYIDF

Technology

Reklaim Ltd. is a Canada-based consumer data and privacy provider. 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. In a Reklaim account, users can edit, add or remove data from their profile. It allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold.

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Reklaim Ltd

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Post by partystockeron May 31, 2022 2:56pm

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Post# 34720879

$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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