NetworkNewsBreaks – Reklaim Ltd. (TSX.V: MYID) (
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Posted On: 11/17/2022 4:10:28 PM
NetworkNewsBreaks – Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Achieves 217% Revenue, 142% Gross Margin Increases in Q3-2022
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, today announced the filing of Q3-2022 financial results for the three and six months ending Sept. 30, 2022 (“Q3-2022”). Among the highlights, the company reported a 217% increase in annual revenue to $1,642,380 from $558,342 in 2021 (“Q3-2021”), as well as a gross margin of $101,033, reflecting an increase of 142% from the same period last year.
“The shift in the data market to one of privacy and compliance continues to accelerate with more and more companies looking for a partner who can solve these issues for them,” said Reklaim CEO Neil Sweeney. “Reklaim is poised to take advantage of this trend, and we believe privacy regulations, including the introduction of CPRA in California, will be increasingly enforced in 2023, creating a unique opportunity for Reklaim to expand its market share. As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming quarters.”
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), the destination for consumers to access and reclaim their data, today announced the filing of Q3-2022 financial results for the three and six months ending Sept. 30, 2022 (“Q3-2022”). Among the highlights, the company reported a 217% increase in annual revenue to $1,642,380 from $558,342 in 2021 (“Q3-2021”), as well as a gross margin of $101,033, reflecting an increase of 142% from the same period last year.
“The shift in the data market to one of privacy and compliance continues to accelerate with more and more companies looking for a partner who can solve these issues for them,” said Reklaim CEO Neil Sweeney. “Reklaim is poised to take advantage of this trend, and we believe privacy regulations, including the introduction of CPRA in California, will be increasingly enforced in 2023, creating a unique opportunity for Reklaim to expand its market share. As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming quarters.”
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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