Reklaim Ltd Stock Price, News & Analysis

Reklaim (OTC: MYIDF) announced two major product updates to enhance its consumer data privacy and monetization platform. The company has expanded its privacy subscription product 'Protect' globally, making it available as a standalone service without requiring Reklaim Rewards membership. This expansion allows worldwide consumers to access privacy tools for removing data from brokers, monitoring dark web breaches, and managing digital footprints.

Additionally, Reklaim launched a $10,000 monthly jackpot for U.S. Rewards members who pledge their points earned from data sales. The first jackpot challenge runs from July 4-31, 2025. The company also disclosed plans to issue 2,730 common shares at $0.09 to settle $245.70 in data rewards for 35 early app subscribers, subject to TSXV approval.

Reklaim (OTCQB: MYIDF), a data-powered platform for consumer data protection and monetization, has successfully eliminated its outstanding debenture, marking a significant financial milestone. The company retired the debenture using proceeds from 8.4 million warrant exercises at $0.10, while an additional 10.9 million warrants expired unexercised.

The company's improved capital structure shows 126.4M shares outstanding, reduced warrants from 26.1M to 3.04M, and increased cash position from $350K to $427K. Reklaim's strong financial performance includes 24% YoY revenue growth in 2024, 82% gross margins, and a 282% increase in operating cash flow. Q1 2025 showed continued momentum with a 73% revenue increase and positive EBITDA.

Reklaim Ltd. (MYIDF) has announced a major upgrade to its Reklaim Protect privacy subscription service. The enhanced service now automatically removes subscriber data from California's data broker registry and enterprise/DSP platforms used in digital advertising. Key features include California Data Broker Registry Opt-Out, Enterprise & DSP Data Removal, and Family-Wide Monitoring for up to 10 email addresses. The service maintains its original features like People Finder Site Removal, AI-Powered Privacy Assistant, and Privacy Dashboard. Available in Canada and the US, Reklaim Protect offers a 14-day free trial and costs $1/month or $10/year.

Reklaim (TSXV: MYID, OTC: MYIDF) has launched Reklaim Invest, a groundbreaking program allowing Canadian users to convert loyalty points into company shares at no cost. This first-of-its-kind initiative enables users to redeem accumulated points for MYID shares through a Direct Registration System, with shares subject to a 4-month hold period. The program operates without dilution through a TSX-approved share buyback. Following a successful 6-month beta period, the current redemption window is open until July 1, 2025. This launch complements Reklaim Protect, a recently introduced subscription-based privacy service that helps users manage their digital footprint and monitor dark web activity. The strategic initiative aims to transform engaged users into long-term shareholders while strengthening the company's position as a privacy-focused data platform.

Reklaim (MYIDF) reported strong Q1 2025 financial results with revenue reaching $1.26 million, up 73% year-over-year, while maintaining a high gross margin of 81%. The company's platform revenue grew 94%, with Deal revenue increasing 90% and Identity revenue rising 24%. However, EBITDA was -$134,677 and net loss was -$221,645. Reklaim launched a new subscription service called Reklaim Protect, complementing its existing Reklaim Rewards program. The company expanded integrations with major platforms like The Trade Desk, Google, LiveRamp, and Meta. With $350,254 in cash and reduced monthly interest expense by 51%, Reklaim aims for profitability while scaling. The company also introduced Reklaim Invest, allowing Canadian users to exchange points for equity.

Reklaim Ltd. (MYIDF) has launched Reklaim Protect, a new subscription-based privacy service that enables consumers to remove their personal data from over 80 data brokers and people finder sites. The service includes dark web monitoring and a 24/7 AI-powered privacy assistant, complementing Reklaim's existing data monetization business.

The launch comes amid escalating digital threats, with breached accounts increasing from 730 million in 2023 to 5.5 billion in 2024. Reklaim Protect targets privacy-focused consumers who prefer to opt out of the data economy rather than monetize their information. The service is available in Canada and the United States with a 14-day free trial, integrated into Reklaim's existing mobile and web applications.

Reklaim (MYIDF) reported strong financial results for fiscal year 2024, with revenue increasing 24% to $5,079,714 from $4,111,927 in 2023. The company achieved positive EBITDA of $831,250 and net income of $373,353, while maintaining a robust gross margin of 82%.

Operating cash flow surged 282% to $223,617, with cash reserves showing a 258% increase year-over-year. The company's 'Deals' segment revenue grew significantly by 233%. Additionally, Reklaim implemented a share repurchase program (NCIB), cancelling 104,000 common shares, and granted 1,498,000 stock options at $0.075 per share.

The company also launched a Shares for Redemption Trial program, allowing users to convert platform points into equity, retiring $1,800 in debt through the issuance of 16,380 common shares to 36 test users in Q1 2025.

Reklaim (OTC Pink: MYIDF) (TSXV: MYID) has announced two key developments. First, the company has extended the maturity date of CEO Neil Sweeney's senior secured debenture from February 24, 2025, to February 12, 2027. The amended debenture is valued at $205,000, reflecting previous repayments made by the company. All other holders of 2022 debentures have been repaid.

This extension qualifies as a related party transaction under TSXV Policy 5.9 and MI 61-101, but Reklaim was exempt from formal valuation and minority shareholder approval requirements as the transaction value is below 25% of the company's market capitalization.

Additionally, Reklaim has received TSXV approval to issue 16,380 common shares to Canadian platform users who participated in beta testing for a new product feature. These shares will be subject to a four-month and one-day statutory hold period.

Reklaim (OTCQB: MYIDF) has announced an 18% reduction in overall debt, funded through existing cash flow, demonstrating the company's disciplined financial management. Additionally, Reklaim completed a non-brokered private placement of convertible debenture units totaling $465,400 to accredited investors, which replaces an existing facility rather than creating new debt.

The debentures feature a 12% annual interest rate, payable semi-annually with maturity in 2027. Each debenture unit includes one senior secured convertible debenture and half a warrant. The warrants allow holders to purchase common shares at C$0.14 per share within 24 months, with 2,216,190 warrants issued. Reklaim maintains a forced conversion right if shares trade at a VWAP of $0.20 or higher for ten consecutive trading days.