Welcome to our dedicated page for SRAX A news (Ticker: SRAX), a resource for investors and traders seeking the latest updates and insights on SRAX A stock.
SRAX Inc. (OTC: SRAX) is a cutting-edge financial technology company based in Westlake Village, California, that leverages data and insights to empower publicly traded companies. Founded in 2009, SRAX offers a premier investor intelligence and communications platform known as Sequire.
Sequire allows companies to track and analyze their shareholders' behaviors and trends, offering valuable data-driven insights to enhance engagement and communication with investors across various marketing channels. The platform also facilitates the hosting of investor conferences, primarily within the micro and small-cap markets, to foster deeper connections and engagement among investors and issuers.
Despite recent challenges, including delisting from the NASDAQ market, SRAX has undergone significant restructuring to streamline operations and enhance efficiency. The company has reduced its workforce from 160 to just over 20 employees, which has helped in becoming more agile and focused on core business activities.
Financially, SRAX has made strides in improving transparency and operational performance. The company is optimistic about its 2022 and 2023 financial results, highlighting positive operating income as a key metric reflecting its true business performance.
On the partnership front, SRAX recently collaborated with XDEFI, a pioneering multichain cryptocurrency wallet, to integrate Web3 capabilities into its Sequire platform. This partnership enables SRAX's network of active equity investors to access decentralized applications and assets across multiple blockchains, significantly expanding their investment opportunities.
Moreover, SRAX is set to merge with DNA Holdings Venture Inc., a Web3 investment company. This merger is expected to bring new expertise and opportunities for SRAX in the decentralized finance and Web3 space, aiming to further solidify its leadership in the financial technology sector.
For more information about SRAX and its innovative solutions, please visit srax.com and mysequire.com.
SRAX, a financial technology company, announced it will host the 13th Annual LD Micro Main Event virtually on December 14-15, 2020, via its Sequire platform. This conference aims to connect small- and micro-cap investors, featuring over 250 companies. The event will provide a fresh format, moving away from the usual lengthy presentations, as emphasized by LD Micro's CEO. The collaboration with LD Micro enhances SRAX's reach within the active micro-cap investor community of over 2 million.
SRAX, a financial technology firm, reported a Q3 2020 revenue of $2.6M, marking a 161% year-over-year increase. Operating expenses decreased by 22% to $4.2M. The company achieved an EBITDA of $2.1M, a 53% rise compared to Q3 2019, and saw positive EBITDA from its Sequire segment. Notably, Sequire bookings reached $6.7M, with 125 public companies now subscribed. The firm anticipates $4M revenue in Q4 2020. Despite a $6.6M net income loss, improved metrics indicate the company’s growth trajectory.
SRAX, a financial technology company, is set to host a conference call on November 16, 2020, at 9:00 AM PT to discuss its third quarter 2020 financial results. Founder and CEO Christopher Miglino, along with CFO Michael Malone, will present an overview of the operational and financial highlights. Investors can access the live webcast and presentation by registering online. The webcast will remain available on the company's website for 90 days.
SRAX (NASDAQ: SRAX), a financial technology company, announced the sale of its remaining interest in the SRAX MD asset. This strategic move is aimed at focusing entirely on the growth of its Sequire platform. CEO Christopher Miglino stated that this sale will enhance their balance sheet since the asset had a zero basis. The capital from this transaction is expected to accelerate growth and provide clarity following the separation of Bigtoken into its own entity.
SRAX, a financial technology company, will present virtually at the Zooming with LD event on October 30th at 11:00 AM ET. CEO Chris Miglino will lead the presentation, providing insights into the company's SaaS platform, Sequire, which offers data analysis for publicly traded firms. Interested participants can register for the event online. SRAX specializes in unlocking investor behaviors and trends, enabling companies to enhance their communications and marketing strategies.
Srax announced the appointment of Daina Middleton and Yin Woon Rani to the board of directors of BIGtoken, enhancing its leadership team. Middleton brings extensive experience from HP and Twitter, leading significant revenue growth, while Rani has a robust background in consumer packaged goods. These appointments come as SRAX prepares for a significant transaction with Force Protection Video Equipment Corp, where it will acquire 88.9% of FPVD shares in exchange for BIGtoken, which will undergo a rebranding.
On October 14, 2020, SRAX (NASDAQ: SRAX) announced the acquisition of LD Micro, a data and event company focused on small and micro-cap markets, finalizing the deal on September 16, 2020. LD Micro will now operate as a wholly owned subsidiary of SRAX, with its founder, Chris Lahiji, continuing as president. This strategic acquisition aims to leverage SRAX's SaaS platform, Sequire, to enhance LD Micro's community engagement and investor exposure, potentially transforming the way companies connect with investors.
BIGtoken®, Inc., a spinoff from SRAX, Inc. (NASDAQ: SRAX), has appointed George Stella as its Chief Revenue Officer after its transition to a standalone public entity. SRAX will exchange 100% of BIGtoken shares for 88.9% of Force Protection Video Equipment Corp (FPVD). Post-transaction, FPVD will be rebranded as BIGtoken. Stella, who has over 20 years of digital media experience, has reported doubled revenues every quarter this year and serves seven of the top ten CPG advertisers as repeat customers.
SRAX, Inc. (NASDAQ: SRAX) announces the appointment of Malcolm CasSelle as CEO of its subsidiary, BIGtoken. The move follows a definitive agreement to exchange 100% of BIGtoken shares for 88.9% of Force Protection Video Equipment Corp (FPVD). This transaction will lead to FPVD's rebranding as BIGtoken. With over 20 years in digital media, CasSelle aims to grow BIGtoken's user base and expand its advertiser network, leveraging his extensive industry experience.
SRAX, a financial technology company, announced plans to separate its BIGtoken platform into a standalone publicly traded entity. Through a share exchange agreement with Force Protection Video Equipment Corp (FPVD), SRAX will transfer its BIGtoken equity for 88.9% of FPVD shares. This strategic move aims to reduce costs and enhance focus on the Sequire platform's growth. CEO Christopher Miglino will remain at SRAX while also chairing the new company. The separation is expected to accelerate SRAX's path to profitability.
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