MYID:CC - InvestorNewsBreaks - Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Announces Strong 2022 Financial Results
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, today announced the filing of 2022 annual audited financial results for the year ending Dec. 31, 2022. Among the highlights, the company reported year-over-year revenue growth of 136% to $2,361,110 from $1,000,200. “2023 marks the beginning of the enforcement period for state-level privacy regulation in California and Virginia, with three additional states to be added in 2023. The ability of marketers to use unconsented data will continue to deteriorate rapidly, which will create an ever-increasing opportunity for Reklaim to add more clients looking to replace their historical non-compliant data provider,” said Reklaim CEO Neil Sweeney. “In the past year, we have driven massive revenue and gross margin increases while streamlining costs to drive Reklaim towards profitability. Growth and profitability are our focus for 2023. As outlined in our MD&A, the privacy world is accelerating to include the consumer, and no company is better positioned to take advantage of this trend. We expect to maintain this same trajectory in 2023.”
To view the full press release, visit https://ibn.fm/5Ifp1
About Reklaim Ltd.
Consumer data and the evolution of privacy drive Reklaim. Offering compliant, zero-party data to Fortune 500 brands, platforms and data companies, Reklaim allows consumers to visit the application, confirm their identity, and unveil data collected and sold for years without the consumer’s explicit consent. Reklaim enables consumers to take back control of this data by setting up a Reklaim account through which, should they choose to, they can be compensated for their data. To view more information about Reklaim, visit https://investors.reklaimyours.com.
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