Reklaim Ltd. reports developments in its consumer data privacy and data monetization platform. The company enables consumers to access, control, monetize, and remove personal data from data brokers and third parties through Reklaim Rewards and Reklaim Protect, while licensing permissioned data to brands, platforms, and data companies.
Recurring updates cover financial results, revenue growth, product and commercial investment, AI-driven privacy initiatives, and demand tied to evolving data privacy regulation. Company news also includes capital allocation actions such as normal course issuer bid repurchases, convertible debenture financing, warrant activity, and investor conference participation.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.