NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Sees Q1
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Posted On: 05/18/2021 6:15:07 PM
NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Sees Q1 Revenue Growth, Increases Full-Year Guidance
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (”SaaS”) platform, has released its Q1 financial numbers and operational highlights for the period ended March 31, 2021, In addition, based on positive numbers, the company increased its guidance for the year. Noteworthy numbers for first quarter include revenue up 1,450% over last year, reaching $5.4 million; Sequire bookings totaling $10 million for first quarter and already reaching $7.2 million in quarter two; and nine consecutive quarters of growth for Sequire. In addition, the company reported that 200 public companies had subscribed to Sequire, which is an increase of 17 since the fourth-quarter release. In addition, the company reported gross margins of 70% compared to 68% the same period last year and an EBITDAincrease of $2.6 million ($600K) vs. ($3.2 million) in the second quarter of 2020. “Our team has delivered another amazing quarter,” said SRAX founder and CEO Christopher Miglino. “We continue to see accelerated bookings. Our technology continues to deliver valuable results for our clients as we continue to add new features. We have a robust pipeline of features that will be added this year. The best of what we are building has not even hit the market yet.”
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 released its Q1 financial numbers and operational highlights for the period ended March 31, 2021, In addition, based on positive numbers, the company increased its guidance for the year. Noteworthy numbers for first quarter include revenue up 1,450% over last year, reaching $5.4 million; Sequire bookings totaling $10 million for first quarter and already reaching $7.2 million in quarter two; and nine consecutive quarters of growth for Sequire. In addition, the company reported that 200 public companies had subscribed to Sequire, which is an increase of 17 since the fourth-quarter release. In addition, the company reported gross margins of 70% compared to 68% the same period last year and an EBITDAincrease of $2.6 million ($600K) vs. ($3.2 million) in the second quarter of 2020. “Our team has delivered another amazing quarter,” said SRAX founder and CEO Christopher Miglino. “We continue to see accelerated bookings. Our technology continues to deliver valuable results for our clients as we continue to add new features. We have a robust pipeline of features that will be added this year. The best of what we are building has not even hit the market yet.”
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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