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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 (NASDAQ: SRAX) has delayed its 10-K filing due to accounting issues related to its former subsidiary but believes these matters are resolved. The company received a notice from Nasdaq for non-compliance with listing rules, as it hasn't filed required periodic financial reports. However, this notification does not impact the current listing status. SRAX has 60 days to submit a compliance plan, which may extend up to 180 days if accepted. The company is focused on filing the 10-K promptly to avoid further complications.
SRAX, a financial technology company, hosted the 2022 Cannabis and Psychedelic Conference on April 20th, showcasing over 25 cannabis and psychedelic companies. The virtual event featured key presentations and talks from industry experts, including discussions on the cannabis landscape and psychedelic medicine. Sponsors included Marijuana Company Of America and Item 9 Labs. Attendees can access recorded sessions on their platform. SRAX aims to provide data and insights for public companies through its Sequire platform, enhancing investor engagement.
SRAX, a financial technology company, announced the Sequire Cannabis & Psychedelic Conference on April 20, 2022. The event will feature over 30 companies with 25-minute presentations and 1:1 investor meetings. Key topics include the value of botanical versus synthetic formulations in psychedelic medicine, the cannabis landscape, and debt capital access. Notable speakers include Dr. Matt Johnson and Steve DeAngelo. The conference aims to provide insights relevant to nearly nine million small-cap investors. Sponsors include Marijuana Company Of America and Delic Corp.
SRAX, a financial technology company, announced the 2022 Sequire Cannabis & Psychedelic Conference, set for April 20th, 2022. The virtual event will attract nearly nine million small-cap investors and showcase over 25 companies in the cannabis and psychedelic sectors, each presenting for 25 minutes. Keynotes will feature notable speakers in these fields. This conference marks SRAX's second annual event, highlighting its ongoing commitment to engaging with the investor community through its enhanced Sequire Virtual Events platform.
SRAX, a financial technology company, will host the 2022 LD Micro Invitational from June 7-9, 2022, at the Four Seasons Hotel Westlake Village. This 3-day investor conference will feature around 200 companies showcasing their specialties with 25-minute presentations followed by private meetings. Chris Lahiji, founder of LD Micro, emphasized the event's significance, marking it as a historic sell-out. The hotel, under Robert Cima's management, is set to provide an exceptional experience for attendees. Registration details for both virtual and physical components will be available soon.
SRAX, a financial technology company, is hosting a conference call on April 4, 2022, at 4:30 PM ET to discuss its Q4 2021 and full year results. CEO Christopher Miglino and CFO Michael Malone will summarize the company’s performance and conduct a live Q&A session. Interested participants can submit questions via email. The call can be accessed via phone or through a live webcast, which will remain available on the SRAX website for 90 days. SRAX’s platform, Sequire, provides investor intelligence and insights for publicly traded companies.
SRAX, a financial technology company, hosted the 2022 Sequire Metals & Mining Conference on January 27, showcasing over 70 companies in the metals and mining sectors. The virtual event featured keynotes such as 'Why Gold' by William Sattlegger and panels discussing value creation in the mining industry. Notable presentations included Texas Mineral Resources and Goldenhawk. The conference provided attendees access to insights and discussions from industry experts, highlighting SRAX's role in investor relations through its Sequire platform.
SRAX, a financial technology company, reported a share buyback of approximately $800K, equating to 155,000 shares at an average price of $5.12, as part of its $10 million buyback program initiated in August 2021. Additionally, the company is set to make dividend payments in the form of preferred shares, totaling around $380K from securities sold. Shareholders will receive a cash dividend of $0.01 per preferred share on January 30, 2022. SRAX aims to optimize its capitalization table to enhance shareholder value.
SRAX, a financial technology company, will host the inaugural Sequire Metals & Mining Conference on January 27, 2022, from 9:00 am ET to 5:00 pm ET. This virtual event will feature leading public mining companies and industry experts, offering a platform for networking, presentations, and 1x1 meetings. As the first event of 2022, SRAX's Vice President Morgan-Lea Fogg noted the strong interest from both companies and investors. The conference aims to facilitate discussions on crucial metals and materials impacting the global economy.
SRAX, a financial technology company, has announced its revenue guidance for 2022, projecting revenues of $46M - $48M, reflecting a 46%-52% increase over 2021's estimated $31.5M. For Q1 2022, the company expects revenues of $11.5M, which represents a 111% increase compared to Q1 2021. The company's platform Sequire has experienced growth in both subscribers and functionality, contributing to significant revenue and customer renewals. CEO Christopher Miglino expressed confidence in achieving the largest quarterly revenue in Q1 2022.
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