Data privacy is something that has been a growing concern for millions of internet users as companies profit billions of dollars by selling and collecting your personal information. $MYID.V is a company aiming to help consumers take control of their own information while being able to actually benefit from both privacy and sales. And their business model has so far been proven effective as their most recent financial results showed 217% YoY sales growth and 87% client growth from customers buying Reklaim’s data consisting of over 320M profiles waiting to be reclaimed by consumers.
On a more recent note, they just completed a $1.3M non-brokered raise selling over 19M units for $0.0675 per unit (1 common share and 1 warrant at $0.10). The cash will be used for general corporate and working capital purposes.
More importantly, $MYID.V has announced that it has streamlined its operations to a cash-neutral position after two years of building its infrastructure, distribution, and scale. This is huge as we move into the next stage of growth and begin to reduce cash burn (which means less stockholder dilution for greater returns on equity).
https://ca.finance.yahoo.com/news/reklaim-closes-1-3-million-110000263.html
Overall, $MYID.V has growth, cash, partnerships with numerous Fortune 500 companies, and the product to back the business. I'll definitely be keeping a close eye out for any future developments considering the $6.6M market cap. GLTA!