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.
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Reklaim (MYIDF) reported impressive Q3-2022 results, with revenue soaring 217% year-over-year to $1,642,380. Customer purchases of data increased 87%, contributing to a gross margin of 17%, up 142% from Q3-2021. The company also achieved a 90% recurring revenue rate for 2022 year-to-date. Overall, total revenue for FY2022 is projected to be 189% higher than in 2021. CEO Neil Sweeney emphasized the company's readiness to capitalize on privacy regulations, suggesting strong growth potential ahead.
Reklaim (MYIDF) has entered a non-binding letter of intent to acquire Multimedia Lists, Inc., a cash flow-positive data broker. The acquisition is expected to immediately double Reklaim's monthly revenue upon completion. The deal is contingent on due diligence, a definitive agreement, and approval from the TSX Venture Exchange. Reklaim aims to structure the transaction based on MML's EBITDA, including a performance earn-out over four years. This acquisition aligns with Reklaim's strategy to enhance services amidst evolving privacy legislation.
Reklaim (OTCQB: MYIDF) plans to explore strategic M&A opportunities with data partners facing compliance challenges due to evolving privacy laws like GDPR and CCPA. With over 500 data brokers in California potentially suffering revenue declines, Reklaim offers a solution by ensuring consumer consent for data sales. The company aims to target these firms to enhance its revenue and cash flow, as the data privacy landscape shifts towards consumer protection.
Reklaim Ltd. (TSXV:MYID, OTCQB:MYIDF) announced that CEO Neil Sweeney will present at the SNN Network Canada Virtual Event on December 8, 2021, at 3 PM ET. The event includes 1x1 investor meetings on December 8 and 9. Sweeney emphasized the importance of data privacy and the company's commitment to providing compliant first-party consumer data, allowing individuals to control and monetize their data. Investors can register for the event and participate via secure video conferences. More details can be found on Reklaim's investor relations website.
Killi Ltd. (TSXV:MYID, OTCQB:MYIDF) announced its presentation at the SNN Network Summer Virtual Event 2021 on August 18, 2021, at 12:30 PM EDT. Founder and CEO Neil Sweeney will lead the presentation and host one-on-one investor meetings. The event highlights Killi's response to changing data ecosystems from major players like Apple and Google, emphasizing Killi's compliant consumer data solutions. Investors can register for the event here. A replay will be available on the conference's platform.
Killi Ltd. (TSXV: MYID, OTCQB: MYIDF) will have its Founder and CEO, Neil Sweeney, present live at VirtualInvestorConferences.com on July 8, 2021, at 1:30 pm ET. This interactive event allows investors to ask questions in real-time, with an archived version available post-event. Recently, Killi launched Facebook Unveil, a new service enabling consumers to check if their data was part of a major Facebook data breach. This initiative continues from a previous offering that let 320 million Americans view their data collected by brokers.
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