Welcome to our dedicated page for Riwi news (Ticker: RWCRF), a resource for investors and traders seeking the latest updates and insights on Riwi stock.
RIWI Corp (RWCRF) is a global trend-tracking and prediction technology firm that offers tracking surveys, risk monitoring, and predictive analytics on a subscription basis. With recent acquisitions and key partnerships, RIWI aims to provide unique insights without collecting personally identifiable data. Led by CEO Greg Wong, RIWI's focus on data quality, brand building, and innovative products positions them as a leader in the market research sector.
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RIWI Corp. (RIWI) reported a 47.97% increase in revenue, earning $1,144,838 in Q3 2023. The company experienced a net profit of $14,288 and positive operating cash flow of $77,629. RIWI's recurring revenues increased by $291,265, and it signed 17 new client contracts. The company introduced Adjusted EBITDA, migrated all project-based customers to a new platform, and strengthened its leadership team. Despite a profitable quarter, management anticipates a challenging Q4 amid turbulent market conditions.
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RIWI Corp. has signed a new contract worth $1.37 million CAD to provide survey technology services and automated data analytics for an international research organization. The contract includes two option renewal years, bringing the total potential contract size to $4.11 million CAD. A Director of the Company will receive a finder's fee of 5% of the contract value. RIWI's CEO, Greg Wong, emphasized the company's commitment to delivering high-quality data solutions and its focus on project-based, recurring, and transactional revenue.
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RIWI Corp. announces appointment of Ken Gaalswyk as head of International Development practice. Also changes auditors from KPMG to BDO Canada effective Sept 12, 2023.
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RIWI Corp. reported Q2 2023 financial results with revenues of $928,415, a 151.8% increase YoY. Net loss for the quarter was $162,190, compared to $658,318 in Q2 2022. Recurring revenues increased by $330,882 compared to Q2 2022. RIWI signed 12 new client contracts and migrated 17 clients to the new platform. The company expects to achieve above-average industry growth rates and become cash flow positive in 2024.
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FAQ
What is the current stock price of Riwi (RWCRF)?
The current stock price of Riwi (RWCRF) is $0.4271 as of February 28, 2025.
What is the market cap of Riwi (RWCRF)?
The market cap of Riwi (RWCRF) is approximately 9.9M.
What does RIWI Corp do?
RIWI Corp is a global trend-tracking and prediction technology firm that offers tracking surveys, risk monitoring, and predictive analytics on a subscription basis.
Who is the CEO of RIWI Corp?
Greg Wong is the Chief Executive Officer of RIWI Corp, leading the company's strategic initiatives and growth.
What is RIWI's focus?
RIWI focuses on data quality, brand building, and providing innovative products that do not collect personally identifiable data.
How does RIWI differ from competitors?
RIWI's unique approach to market research, emphasis on data privacy, and recent acquisitions set it apart from competitors in the industry.
Where can RIWI's financial statements be accessed?
RIWI's audited Financial Statements and Management's Discussion and Analysis are available on the company's website and on SEDAR.
What recent acquisitions has RIWI made?
RIWI recently acquired the majority of the assets of CoolTool Inc., adding advanced survey and non-conscious data collection capabilities to its platform.
How can I contact RIWI Corp for more information?
For more information, you can contact investors@riwi.com or call 1-833-FOR-RIWI (367-7494).
What industry events has RIWI attended?
RIWI has attended various industry events such as Samplecon, Quirks, and the Insights and Innovation Exchange to build brand awareness and accelerate lead generation.
What are RIWI's revenue streams?
RIWI generates revenue from transaction revenue, recurring revenue, and project-based revenue, with a focus on data quality and customer trust.
What is RIWI's long-term strategy?
RIWI's long-term strategy involves building an end-to-end market research technology and data platform to support customers' total market research needs.
What publications has RIWI been featured in?
RIWI has been recognized in publications such as Frontiers, ILGA World, Latinoamerica 21, and Science Direct, showcasing the company's expertise and thought leadership.
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