NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Rel
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Posted On: 11/16/2021 2:42:50 PM
NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Releases Q3 2021 Financial, Business Report; Launches Beta Version of IR Virtual Assistant on Sequire Platform
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (“SaaS”) platform, has reported is financial and operations results for third quarter 2021, the period ending Sept. 30, 2021. Highlights of the report include revenue for the quarter reaching $8.3 million, an increase of 219% year-over-year, with revenue guidance for next quarter projected at $10.1 million, and third-quarter Sequire bookings of $8.9 million with fourth-quarter bookings totaling $12.5 million so far, a record for the company as Sequire has seen 12 consecutive quarters of revenue growth. In addition, the company launched IR Website Builder, SMS Communication platform and VIRA, an IR chatbot, and has seen 250 public companies or partners subscribe to Sequire. The report notes that SRAX currently holds approximately $29 million worth of marketable securities with a 78% gross margin as compared to 67% in the same period last year. “Our team continues to innovate on product, sales, and marketing, and this is translating into increased revenue,” said SRAX founder and CEO Christopher Miglino in the press release. “We will hit the high end of our 2021 guidance and are well positioned to close out 2021 strong, with an amazing 2022 on the horizon.”
Additionally, the company this morning announced the beta release of VIRA(TM), an AI-powered chatbot. The Virtual Investor Relations Assistant, or VIRA(TM), was specifically designed to strengthen Sequire user communication with the investment community by interacting with investors on public companies’ IR webpages.
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 is financial and operations results for third quarter 2021, the period ending Sept. 30, 2021. Highlights of the report include revenue for the quarter reaching $8.3 million, an increase of 219% year-over-year, with revenue guidance for next quarter projected at $10.1 million, and third-quarter Sequire bookings of $8.9 million with fourth-quarter bookings totaling $12.5 million so far, a record for the company as Sequire has seen 12 consecutive quarters of revenue growth. In addition, the company launched IR Website Builder, SMS Communication platform and VIRA, an IR chatbot, and has seen 250 public companies or partners subscribe to Sequire. The report notes that SRAX currently holds approximately $29 million worth of marketable securities with a 78% gross margin as compared to 67% in the same period last year. “Our team continues to innovate on product, sales, and marketing, and this is translating into increased revenue,” said SRAX founder and CEO Christopher Miglino in the press release. “We will hit the high end of our 2021 guidance and are well positioned to close out 2021 strong, with an amazing 2022 on the horizon.”
Additionally, the company this morning announced the beta release of VIRA(TM), an AI-powered chatbot. The Virtual Investor Relations Assistant, or VIRA(TM), was specifically designed to strengthen Sequire user communication with the investment community by interacting with investors on public companies’ IR webpages.
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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