NetworkNewsBreaks – Reklaim Ltd. (TSX.V: MYID) (
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Posted On: 10/07/2022 5:41:18 PM
NetworkNewsBreaks – Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Eyeing ‘Strike When the Iron Is Hot’ Opportunity
Reklaim (TSX.V: MYID) (OTCQB: MYIDF) is the destination for consumers to access and reclaim their data. The company has burst onto the data scene with an innovative privacy-compliant identity ecosystem amid a paradigm shift occasioned by new laws. These include, in North America, the California Consumer Privacy Act (“CCPA”) and the California Privacy Rights Act (“CPRA”), as well as Europe’s General Data Protection Regulation (“GDPR”). “With the CCPA and CPRA going into effect shortly, business is picking up at Reklaim. During the second quarter, total revenue increased 277% to $645,008 from Q2 2021 and 65% from the first quarter of 2022. Recurring revenue accounted for 85% of total revenue in Q2 2022 and was up 87% during the year’s first half compared to a year earlier,” a recent article reads. “According to Reklaim CEO Neil Sweeney, the company is focused on driving costs out of operations and exploring strategic acquisitions that can be immediately accretive to bolster the top and bottom line at a time when the compliant data market is about to go through a growth spurt. Realizing a ‘strike when the iron is hot’ opportunity, Reklaim intends to increase its sales force to meet demand and foster further organic growth.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Reklaim (TSX.V: MYID) (OTCQB: MYIDF) is the destination for consumers to access and reclaim their data. The company has burst onto the data scene with an innovative privacy-compliant identity ecosystem amid a paradigm shift occasioned by new laws. These include, in North America, the California Consumer Privacy Act (“CCPA”) and the California Privacy Rights Act (“CPRA”), as well as Europe’s General Data Protection Regulation (“GDPR”). “With the CCPA and CPRA going into effect shortly, business is picking up at Reklaim. During the second quarter, total revenue increased 277% to $645,008 from Q2 2021 and 65% from the first quarter of 2022. Recurring revenue accounted for 85% of total revenue in Q2 2022 and was up 87% during the year’s first half compared to a year earlier,” a recent article reads. “According to Reklaim CEO Neil Sweeney, the company is focused on driving costs out of operations and exploring strategic acquisitions that can be immediately accretive to bolster the top and bottom line at a time when the compliant data market is about to go through a growth spurt. Realizing a ‘strike when the iron is hot’ opportunity, Reklaim intends to increase its sales force to meet demand and foster further organic growth.”
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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