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RIWI Corp (RWCRF) delivers global trend prediction through advanced market research technology. This news hub provides investors and analysts with essential updates about the company's SaaS platform innovations, strategic partnerships, and financial developments.
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RIWI Corp. (TSXV: RIWI, OTC PINK: RWCRF) announced its Q1 2024 financial results. The company recorded $1,135,847 in revenue, a 5.4% decrease from Q1 2023. Net income was $27,087, compared to a net loss of $127,944 in the same period last year. Operating expenses reduced significantly to $1.14M from $1.35M.
RIWI acquired CoolTool Inc.'s assets and has begun integrating its platform, expecting initial deals to close in Q2 2024. The company signed 19 new contracts and onboarded 8 new clients. Investments in marketing and data quality improvements were highlighted. RIWI's management anticipates consistent profitability within the 2024 fiscal year.
RIWI Corp. granted 544,936 stock options to executives at CAD $0.75 per share, expiring in 2029.
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