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RIWI Corp. (RWCRF) reports developments as a market research platform and global trend-tracking and prediction technology firm. The company offers clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests on monthly or annual subscription terms across global markets. Recurring updates cover IFRS financial results, AI-powered survey and data-collection capabilities, synthetic data generation using Random Domain Intercept Technology, integration of acquired research assets, working-capital financing, stock option grants, transfer-agent changes and board governance matters.
RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) reported its Q2 2024 financial results. Key highlights include:
- Revenue increased 10.5% to $1,026,112 compared to Q2 2023
- Net loss improved by 32.9% to $108,826 compared to Q2 2023
- Acquired majority assets of CoolTool Inc., enhancing platform capabilities
- Signed 16 new client contracts, including 9 new customers
- Delivered first marketing-related market research projects
- Achieved back-to-back quarters of over $1 million USD in revenues
The company's transactional revenue segment was impacted by new data quality measures. RIWI is developing an AI-powered platform to address industry fragmentation and ensure data quality, positioning itself for long-term success.
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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