Reklaim Ltd. Reports Record 2024 Revenue and Positive EBITDA
Reklaim (MYIDF) reported strong financial results for fiscal year 2024, with revenue increasing 24% to $5,079,714 from $4,111,927 in 2023. The company achieved positive EBITDA of $831,250 and net income of $373,353, while maintaining a robust gross margin of 82%.
Operating cash flow surged 282% to $223,617, with cash reserves showing a 258% increase year-over-year. The company's 'Deals' segment revenue grew significantly by 233%. Additionally, Reklaim implemented a share repurchase program (NCIB), cancelling 104,000 common shares, and granted 1,498,000 stock options at $0.075 per share.
The company also launched a Shares for Redemption Trial program, allowing users to convert platform points into equity, retiring $1,800 in debt through the issuance of 16,380 common shares to 36 test users in Q1 2025.
Reklaim (MYIDF) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con ricavi in crescita del 24%, raggiungendo 5.079.714 $ rispetto ai 4.111.927 $ del 2023. L'azienda ha registrato un EBITDA positivo di 831.250 $ e un utile netto di 373.353 $, mantenendo un margine lordo robusto dell'82%.
Il flusso di cassa operativo è aumentato del 282%, arrivando a 223.617 $, con le riserve di cassa che hanno mostrato un incremento del 258% su base annua. Il segmento 'Deals' ha visto una crescita significativa dei ricavi del 233%. Inoltre, Reklaim ha avviato un programma di riacquisto azionario (NCIB), annullando 104.000 azioni ordinarie, e ha concesso 1.498.000 opzioni su azioni a 0,075 $ per azione.
L’azienda ha inoltre lanciato un programma pilota 'Shares for Redemption', che consente agli utenti di convertire i punti della piattaforma in equity, estinguendo 1.800 $ di debito mediante l’emissione di 16.380 azioni ordinarie a 36 utenti di prova nel primo trimestre del 2025.
Reklaim (MYIDF) reportó sólidos resultados financieros para el año fiscal 2024, con ingresos que aumentaron un 24%, alcanzando $5,079,714 frente a $4,111,927 en 2023. La compañía logró un EBITDA positivo de $831,250 y un ingreso neto de $373,353, manteniendo un margen bruto sólido del 82%.
El flujo de caja operativo se disparó un 282% hasta $223,617, con reservas de efectivo que mostraron un incremento del 258% interanual. Los ingresos del segmento 'Deals' crecieron significativamente un 233%. Además, Reklaim implementó un programa de recompra de acciones (NCIB), cancelando 104,000 acciones comunes y otorgando 1,498,000 opciones sobre acciones a $0.075 por acción.
La compañía también lanzó un programa piloto de 'Shares for Redemption', que permite a los usuarios convertir puntos de la plataforma en acciones, cancelando $1,800 en deuda mediante la emisión de 16,380 acciones comunes a 36 usuarios de prueba en el primer trimestre de 2025.
Reklaim (MYIDF)은 2024 회계연도에 강력한 재무 실적을 보고했으며, 매출은 2023년 4,111,927달러에서 24% 증가한 5,079,714달러를 기록했습니다. 회사는 831,250달러의 긍정적인 EBITDA와 373,353달러의 순이익을 달성했으며, 견고한 82%의 총이익률을 유지했습니다.
영업 현금 흐름은 282% 급증하여 223,617달러에 도달했으며, 현금 보유액은 전년 대비 258% 증가했습니다. 'Deals' 부문 매출은 233% 크게 성장했습니다. 또한 Reklaim은 자사주 매입 프로그램(NCIB)을 실시해 보통주 104,000주를 소각하고, 주당 0.075달러에 1,498,000주의 스톡옵션을 부여했습니다.
회사는 또한 플랫폼 포인트를 주식으로 전환할 수 있는 'Shares for Redemption Trial' 프로그램을 시작하여, 2025년 1분기에 36명의 시험 사용자에게 보통주 16,380주를 발행해 1,800달러의 부채를 상환했습니다.
Reklaim (MYIDF) a publié de solides résultats financiers pour l’exercice 2024, avec un chiffre d’affaires en hausse de 24 %, atteignant 5 079 714 $ contre 4 111 927 $ en 2023. La société a réalisé un EBITDA positif de 831 250 $ et un bénéfice net de 373 353 $, tout en maintenant une marge brute robuste de 82 %.
Le flux de trésorerie opérationnel a bondi de 282 % pour atteindre 223 617 $, avec des réserves de trésorerie en hausse de 258 % d’une année sur l’autre. Le chiffre d’affaires du segment « Deals » a connu une croissance significative de 233 %. De plus, Reklaim a mis en place un programme de rachat d’actions (NCIB), annulant 104 000 actions ordinaires, et a attribué 1 498 000 options d’achat d’actions à 0,075 $ par action.
La société a également lancé un programme pilote « Shares for Redemption », permettant aux utilisateurs de convertir leurs points de plateforme en actions, annulant 1 800 $ de dette par l’émission de 16 380 actions ordinaires à 36 utilisateurs test au premier trimestre 2025.
Reklaim (MYIDF) meldete starke Finanzergebnisse für das Geschäftsjahr 2024, mit einem Umsatzanstieg von 24 % auf 5.079.714 $ gegenüber 4.111.927 $ im Jahr 2023. Das Unternehmen erzielte ein positives EBITDA von 831.250 $ und einen Nettogewinn von 373.353 $, bei einer robusten Bruttomarge von 82 %.
Der operative Cashflow stieg um 282 % auf 223.617 $, während die Barreserven im Jahresvergleich um 258 % zunahmen. Der Umsatz im Segment 'Deals' wuchs deutlich um 233 %. Zudem führte Reklaim ein Aktienrückkaufprogramm (NCIB) durch, bei dem 104.000 Stammaktien eingezogen wurden, und gewährte 1.498.000 Aktienoptionen zu je 0,075 $.
Das Unternehmen startete außerdem ein Testprogramm namens 'Shares for Redemption', das es Nutzern ermöglicht, Plattformpunkte in Eigenkapital umzuwandeln, und tilgte im ersten Quartal 2025 Schulden in Höhe von 1.800 $ durch die Ausgabe von 16.380 Stammaktien an 36 Testnutzer.
- Revenue increased 24% to $5.08M in 2024
- Achieved positive EBITDA of $831,250
- Net income of $373,353
- High gross margin of 82%
- Operating cash flow up 282% to $223,617
- Cash reserves increased 258%
- 'Deals' segment revenue grew 233%
- Stock option grants of 1,498,000 shares may lead to dilution
Revenue Up
Key Financial Highlights:
- Revenue:
$5,079,714 24% from$4,111,927 - EBITDA: Positive
$831,250 - Net Income:
$373,353 - Gross Margin:
82% - Operating Cash Flow:
$223,617 282% increase over 2023 - Cash Reserves: Ended the year with a
258% increase in cash on hand
Strategic Achievements and Financial Strength
Reklaim's strategic focus on diversifying revenue streams drove substantial growth across its 'Platform' and 'Deals' segments, with 'Deals' revenue surging by
"Reklaim was built on a simple premise: people should own their data," said Neil Sweeney, Founder and CEO of Reklaim. "That belief is now becoming reality. Privacy is no longer an afterthought — it's driving the next era of advertising and data monetization. We've scaled responsibly, stayed cash-flow positive, and aligned our platform with the future of compliance and consumer trust. These results are validation of our thesis."
Looking Ahead
Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. For more details on our market insights and our CEO Quarterly Letter, please review Reklaim's MD&A.
Additional Corporate Updates
Stock Options
Subject to TSX approval, Reklaim has granted 1,498,000 stock options at a strike price of
Share Repurchase (NCIB)
As part of its Normal Course Issuer Bid initiated in September 2024, Reklaim has cancelled 104,000 common shares.
Shares for Redemption Trial Program
Under its Shares for Redemption Trial program, Reklaim enables users to convert platform points into equity. In Q1 2025, the Company retired
About Reklaim
Reklaim navigates the evolving consumer data privacy landscape, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform allows individuals to reclaim, control, and monetize their data with complete transparency and consent. Learn more at 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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