NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Releases
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Posted On: 03/30/2021 4:25:32 PM
NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Releases Q4 Numbers, Operational Highlights
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (”SaaS”) platform, has reported its fourth-quarter 2020 numbers; the report also noted company highlights for the quarter and full year. According to the announcement, the company saw Q4 revenue of $4.5 million, an increase of 316% year over year and a 74% increase quarter over quarter. The company’s full-year revenue guidance increase from $17–$18 million to $23–$25 million. SRAX noted that its Sequire SaaS had seen eight quarters of growth, with bookings of $4.8 million for the fourth quarter and $10 million for Q1; 183 public companies or partners have subscribed to Sequire, which is almost double from the company’s Q3 report. “We are making great progress with our platform and we are seeing continued adoption of the products that we are building for issuers. We had another record quarter of bookings for Sequire,” said SRAX founder and CEO Christopher Miglino in the press release. “In the first quarter of 2021 we have closed over $10 million in contracts. This momentum is not slowing down and we are growing the business to accommodate this demand. Our team did an amazing job in delivering a number of cutting-edge technological improvements to the platform and they have laid the foundation for some amazing enhancements that we will bring to market throughout the rest of this year. I could not be more proud of the hard work and dedication that the team has demonstrated as our sales continue to skyrocket.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (”SaaS”) platform, has reported its fourth-quarter 2020 numbers; the report also noted company highlights for the quarter and full year. According to the announcement, the company saw Q4 revenue of $4.5 million, an increase of 316% year over year and a 74% increase quarter over quarter. The company’s full-year revenue guidance increase from $17–$18 million to $23–$25 million. SRAX noted that its Sequire SaaS had seen eight quarters of growth, with bookings of $4.8 million for the fourth quarter and $10 million for Q1; 183 public companies or partners have subscribed to Sequire, which is almost double from the company’s Q3 report. “We are making great progress with our platform and we are seeing continued adoption of the products that we are building for issuers. We had another record quarter of bookings for Sequire,” said SRAX founder and CEO Christopher Miglino in the press release. “In the first quarter of 2021 we have closed over $10 million in contracts. This momentum is not slowing down and we are growing the business to accommodate this demand. Our team did an amazing job in delivering a number of cutting-edge technological improvements to the platform and they have laid the foundation for some amazing enhancements that we will bring to market throughout the rest of this year. I could not be more proud of the hard work and dedication that the team has demonstrated as our sales continue to skyrocket.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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