Welcome to our dedicated page for Reklaim news (Ticker: MYIDF), a resource for investors and traders seeking the latest updates and insights on Reklaim stock.
Reklaim Ltd. (MYIDF) is a consumer privacy and data company whose news flow centers on product innovation, privacy tools, and financial performance. The company operates the Reklaim Rewards and Reklaim Protect platforms, enabling consumers to view, protect, and monetize their personal data while offering brands and platforms access to compliant, permissioned data.
News updates for Reklaim commonly cover financial results, such as year-over-year revenue growth, profitability milestones, and changes in capital structure. Releases have highlighted multiple consecutive quarters of revenue increases, periods of positive operating cash flow, and actions like the elimination of a secured debenture, reductions in outstanding warrants, and share repurchases under a normal course issuer bid.
Another major category of Reklaim news involves product launches and feature expansions. The company regularly announces enhancements to Reklaim Protect, including automated removal from California’s data broker registry, opt-outs from enterprise and DSP platforms, people-finder site removal, dark web and breach monitoring, Vermont data broker opt-outs, and real-time Breaking Breach Alerts. News has also detailed the global expansion of Protect as a stand-alone product and the introduction of tools such as a personal AI Privacy Assistant and family-wide monitoring.
Reklaim’s news feed also features updates on consumer engagement programs like the Reklaim Jackpot, the Shares for Redemption (S4R) program, and the Invest beta program, which link user rewards to potential equity ownership. In addition, the company issues releases on financing transactions, such as convertible debenture offerings, and corporate events, including conference presentations and key leadership hires to support the growth of Reklaim Protect.
Investors and observers can use the Reklaim news page to follow developments in its privacy products, regulatory-aligned data offerings, capital structure, and strategic initiatives across both consumer and enterprise markets.
Reklaim (TSXV: MYID) (OTC: MYIDF) has announced a Normal Course Issuer Bid (NCIB) to repurchase up to 7,789,020 of its common shares, representing 10% of its public float. The NCIB, approved by the TSX Venture Exchange, will run from September 30th, 2024, to September 30th, 2025. Reklaim believes this move will protect shareholder value amid growing demand for consumer data privacy solutions.
The company, which allows consumers to view, edit, add, and option their data to brands for direct compensation, currently has 116,738,379 common shares issued and outstanding. Purchases will be made through the TSXV or alternative Canadian trading platforms at prevailing market prices, with Clarus Securities Inc. acting as the broker for the NCIB. All repurchased shares will be canceled and returned to the treasury.
Reklaim (TSXV: MYID, OTC: MYIDF) reported strong Q2-2024 financial results, achieving positive EBITDA of $154,290 and record Q2 revenue of $1,099,696, a 5% increase year-over-year. The company's year-to-date positive cash flow from operations reached $258,350, significantly improving from $612 in the same period last year. Reklaim maintained robust gross margins at 80% and saw a 6% increase in Deals revenue for Q2 and a 31% increase year-to-date. These results highlight Reklaim's strategic growth, diversification of revenue streams, and operational efficiency. CEO Neil Sweeney emphasized the company's commitment to empowering consumers and driving innovation in the data privacy sector.
Reklaim (TSXV: MYID) (OTC: MYIDF) announced robust Q1 2024 results, with key financial metrics demonstrating significant improvement. Gross margins increased to 82%, up from 71% in Q1 2023, and the company achieved a positive cash flow from operations of $463,645, an increase of $595,814 over Q1 2023. The cash position rose to $554,618 as of March 31, 2024, compared to $57,806 on March 31, 2023. The company reported consistent revenue in line with expectations and growth in its 'Deals' revenue stream. CEO Neil Sweeney emphasized the company's focus on operational efficiencies and cost controls. Additionally, Dean Wood was appointed as the new CFO, succeeding Ira Levy.
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