Reklaim Ltd. Delivers Strong Q2-2024 Financial Performance with Positive EBITDA and Significant Cash Flow Growth
Reklaim (TSXV: MYID, OTC: MYIDF) reported strong Q2-2024 financial results, achieving positive EBITDA of $154,290 and record Q2 revenue of $1,099,696, a 5% increase year-over-year. The company's year-to-date positive cash flow from operations reached $258,350, significantly improving from $612 in the same period last year. Reklaim maintained robust gross margins at 80% and saw a 6% increase in Deals revenue for Q2 and a 31% increase year-to-date. These results highlight Reklaim's strategic growth, diversification of revenue streams, and operational efficiency. CEO Neil Sweeney emphasized the company's commitment to empowering consumers and driving innovation in the data privacy sector.
Reklaim (TSXV: MYID, OTC: MYIDF) ha riportato risultati finanziari solidi per il secondo trimestre del 2024, ottenendo un EBITDA positivo di $154.290 e un fatturato record per il Q2 di $1.099.696, con un aumento del 5% rispetto all'anno precedente. Il flusso di cassa positivo dell'azienda dalle operazioni dall'inizio dell'anno ha raggiunto $258.350, migliorando significativamente rispetto ai $612 dello stesso periodo dell'anno scorso. Reklaim ha mantenuto forti margini lordi del 80% e ha visto un Aumento del 6% nei ricavi delle transazioni per il Q2 e un incremento del 31% dall'inizio dell'anno. Questi risultati evidenziano la crescita strategica di Reklaim, la diversificazione delle fonti di reddito e l'efficienza operativa. Il CEO Neil Sweeney ha sottolineato l'impegno dell'azienda nel dare potere ai consumatori e nel promuovere l'innovazione nel settore della privacy dei dati.
Reklaim (TSXV: MYID, OTC: MYIDF) informó resultados financieros sólidos para el segundo trimestre de 2024, logrando un EBITDA positivo de $154,290 y un ingreso récord para el Q2 de $1,099,696, un aumento del 5% en comparación con el año anterior. El flujo de caja positivo de la empresa de las operaciones hasta la fecha alcanzó $258,350, mejorando significativamente desde los $612 en el mismo período del año pasado. Reklaim mantuvo márgenes brutos robustos del 80% y experimentó un aumento del 6% en los ingresos por acuerdos para el Q2 y un aumento del 31% en lo que va del año. Estos resultados destacan el crecimiento estratégico de Reklaim, la diversificación de las fuentes de ingresos y la eficiencia operativa. El CEO Neil Sweeney enfatizó el compromiso de la empresa de empoderar a los consumidores y fomentar la innovación en el sector de la privacidad de datos.
Reklaim (TSXV: MYID, OTC: MYIDF)는 2024년 2분기 강력한 재무 실적을 보고하며 $154,290의 긍정적인 EBITDA와 $1,099,696의 2분기 기록 수익을 달성했습니다. 이는 전년 대비 5% 증가한 수치입니다. 회사의 연초부터 현재까지 운영에서 발생한 긍정적인 현금 흐름은 $258,350에 달하며, 이는 지난해 같은 기간의 $612에서 크게 개선된 것입니다. Reklaim은 80%의 강력한 총 이익률을 유지하고 있으며, 2분기 거래 수익에서 6% 증가를 기록했고, 연초 대비 31% 증가했습니다. 이러한 결과는 Reklaim의 전략적 성장, 수익원 다변화 및 운영 효율성을 강조합니다. CEO Neil Sweeney는 소비자를 강화하고 데이터 프라이버시 분야에서 혁신을 주도하는 회사의 약속을 강조했습니다.
Reklaim (TSXV: MYID, OTC: MYIDF) a annoncé de solides résultats financiers pour le deuxième trimestre 2024, atteignant un EBITDA positif de 154 290 $ et un chiffre d'affaires record de 1 099 696 $ pour le Q2, soit une augmentation de 5 % par rapport à l'année précédente. Le flux de trésorerie positif de l'entreprise provenant des opérations a atteint 258 350 $ depuis le début de l'année, s'améliorant considérablement par rapport à 612 $ durant la même période l'an dernier. Reklaim a maintenu des marges brutes solides de 80 % et a enregistré une augmentation de 6 % des revenus des contrats pour le Q2 ainsi qu'une augmentation de 31 % depuis le début de l'année. Ces résultats mettent en évidence la croissance stratégique de Reklaim, la diversification de ses sources de revenus et son efficacité opérationnelle. Le PDG Neil Sweeney a souligné l'engagement de l'entreprise à autonomiser les consommateurs et à stimuler l'innovation dans le secteur de la confidentialité des données.
Reklaim (TSXV: MYID, OTC: MYIDF) berichtete über starke Finanzresultate für das zweite Quartal 2024, mit positivem EBITDA von $154.290 und einem Rekordumsatz im Q2 von $1.099.696, was einem Anstieg von 5% im Vergleich zum Vorjahr entspricht. Der positive Cashflow des Unternehmens aus dem operativen Geschäft bis dato betrug $258.350, was sich erheblich von $612 im gleichen Zeitraum des Vorjahres verbessert hat. Reklaim hielt robuste Bruttomargen von 80% und verzeichnete einen 6%igen Anstieg der Einnahmen aus Deals im Q2 sowie einen 31%igen Anstieg bis dato. Diese Ergebnisse heben das strategische Wachstum von Reklaim, die Diversifizierung der Einnahmequellen und die betriebliche Effizienz hervor. CEO Neil Sweeney betonte das Engagement des Unternehmens, Verbraucher zu stärken und Innovationen im Bereich Datenschutz voranzutreiben.
- Achieved positive EBITDA of $154,290 in Q2 2024
- Record Q2 revenue of $1,099,696, a 5% increase year-over-year
- Year-to-date positive cash flow from operations of $258,350, up from $612 last year
- Maintained high gross margins at 80%
- Deals revenue increased by 6% in Q2 and 31% year-to-date
- None.
Reklaim's Q2 Revenue Highlights Consistent Growth and Strategic Expansion in Deals Revenue
Key Highlights from Reklaim's Q2-2024 Performance:
- Positive EBITDA: Reklaim achieved a positive EBITDA of
$154,290 - Record Revenue for Q2: Reklaim reported its highest Q2 revenue ever, posting revenue of
$1,099,696 5% increase over Q2 2023, reflecting strong market demand. - Significant Cash Flow Improvement: Year-to-date (YTD) positive cash flow from operations reached
$258,350 $612 - Sustained Gross Margins: Reklaim maintained robust gross margins at
80% , underscoring operational efficiency and disciplined cost management. - Deals Revenue Surge: The company's Deals revenue stream increased by
6% in Q2 and31% YTD, highlighting Reklaim's ability to diversify and scale its revenue base.
Strategic Achievements and Financial Strength
Reklaim's Q2 2024 results underscore the company's ability to deliver strong financial performance while consistently driving strategic growth. The continued success in the Deals revenue stream, a combination of Reklaim data and publisher inventory in a vertically integrated deal, reflects Reklaim's proactive approach to diversifying its business model, enabling sustained revenue growth and enhanced financial resilience.
The company's ability to maintain high gross margins, alongside a significant increase in cash flow, illustrates Reklaim's commitment to operational excellence and prudent financial stewardship. These results highlight Reklaim's adaptability in navigating a rapidly evolving market landscape, positioning the company for future success.
Leadership Perspective
Neil Sweeney, Founder and CEO of Reklaim, is excited about the company's achievements in Q2 2024. He states, "Our performance this quarter is a testament to Reklaim's strategic vision and our team's focus on execution. We have diversified our revenue streams and strengthened our financial foundation, ensuring we are well-positioned for sustained growth. As we move forward, our commitment to empowering consumers and driving innovation remains stronger than ever."
Looking Ahead
Reklaim continues empowering consumers to take control of their data while expanding its AI privacy initiatives. Investors are encouraged to read Reklaim's MD&A for more detail on market trends and their impact on Reklaim.
Full financial results, reported in CAD dollars, and Management's Discussion and Analysis are posted to SEDAR (www.sedar.com) and on the Company's investor relations website: investors.reklaimyours.com. We encourage you to review these results to gain a comprehensive understanding of Reklaim's financial performance and strategic direction.
About Reklaim
Reklaim is committed to navigating the evolving landscape of consumer data privacy. We provide compliant, zero-party data solutions to Fortune 500 brands, platforms, and data companies. Our platform empowers consumers to reclaim control over their data, enabling them to view and manage information collected with direct authorization. Moreover, users can be compensated for their data through a Reklaim account. Discover more about Reklaim at https://investors.reklaimyours.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the closing of the Debt Settlement and TSXV approval of the Debt Settlement, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law.
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SOURCE Reklaim Ltd.
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