MYID:CC - InvestorNewsBreaks - Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Achieves 217% Revenue 142% Gross Margin Increases in Q3-2022
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, today announced the filing of Q3-2022 financial results for the three and six months ending Sept. 30, 2022 (“Q3-2022”). Among the highlights, the company reported a 217% increase in annual revenue to $1,642,380 from $558,342 in 2021 (“Q3-2021”), as well as a gross margin of $101,033, reflecting an increase of 142% from the same period last year.
“The shift in the data market to one of privacy and compliance continues to accelerate with more and more companies looking for a partner who can solve these issues for them,” said Reklaim CEO Neil Sweeney. “Reklaim is poised to take advantage of this trend, and we believe privacy regulations, including the introduction of CPRA in California, will be increasingly enforced in 2023, creating a unique opportunity for Reklaim to expand its market share. As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming quarters.”
To view the full press release, visit https://ibn.fm/X83PT
About Reklaim Ltd.
Reklaim is driven by consumer data and the evolution of privacy. Offering compliant, first-party data to Fortune 500 brands, platforms and data companies, Reklaim allows consumers to visit the platform, confirm their identity, and unveil data that has been collected and sold without the consumer’s explicit consent for years. Reklaim enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, they can be compensated for their data or choose to protect it via a suite of privacy tools. To view more information about Reklaim, visit https://investors.reklaimyours.com.
NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF
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