NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Rel
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Posted On: 01/10/2022 2:32:08 PM
NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Releases Q1, Full-Year Revenue Guidance for 2022
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 full-year and Q1 2022 revenue guidance. The company noted that it is looking for a full-year 2022 guidance of $46‑48 million, which is an increase of approximately 50% over 2021’s unaudited revenue, which was approximately $31.5 million. In addition, the company noted that its Q1 2022 is $11.5 million, which represents an 111% increase over last year’s guidance for the same period. According to the announcement, the Sequire platform last year saw an increase in both subscribers and functionality, which led to growth last year and contributes to the anticipated increase in this year’s guidance. “Our team did excellent work in 2021, meeting and exceeding our guidance,” said SRAX founder and CEO Christopher Miglino in the press release. “The nature of our annual contracts provides us exceptional visibility into revenue. We are projecting that we will have our largest quarter ever in Q1 of 2022. With an acceleration in sales at the end of Q4, we are very comfortable in providing a full-year, 2022 guidance of $46-$48M.”
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 full-year and Q1 2022 revenue guidance. The company noted that it is looking for a full-year 2022 guidance of $46‑48 million, which is an increase of approximately 50% over 2021’s unaudited revenue, which was approximately $31.5 million. In addition, the company noted that its Q1 2022 is $11.5 million, which represents an 111% increase over last year’s guidance for the same period. According to the announcement, the Sequire platform last year saw an increase in both subscribers and functionality, which led to growth last year and contributes to the anticipated increase in this year’s guidance. “Our team did excellent work in 2021, meeting and exceeding our guidance,” said SRAX founder and CEO Christopher Miglino in the press release. “The nature of our annual contracts provides us exceptional visibility into revenue. We are projecting that we will have our largest quarter ever in Q1 of 2022. With an acceleration in sales at the end of Q4, we are very comfortable in providing a full-year, 2022 guidance of $46-$48M.”
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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