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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, a financial technology company listed on NASDAQ (SRAX), is set to host a conference call on May 17, 2021, at 1:30 PM PT/4:30 PM ET to discuss its Q1 2021 results. The call will feature operational and financial updates from CEO Christopher Miglino and CFO Michael Malone, along with a live Q&A session. Investors can register for the live webcast on the company’s website, where the presentation will be available for 90 days post-event. SRAX specializes in consumer data management and investor intelligence through its platforms, including BIGtoken and Sequire.
SRAX (NASDAQ: SRAX), a financial technology company, announced its inaugural Sequire Cannabis Conference to be held virtually on April 20, 2021. The event will feature over 40 cannabis companies presenting to nearly a million small-cap investors. Keynote speakers include notable figures like Steve DeAngelo and Dr. Sue Sisley. The conference aims to foster engagement within the investor community through its Sequire platform, which provides data-driven insights for publicly traded companies.
SRAX (NASDAQ: SRAX), a financial technology company, is set to host a series of industry-specific virtual conferences, starting with a Cannabis-focused event on April 20, 2021. The conference will feature over 15 presentations from publicly traded Cannabis companies and aims to attract over 500,000 investors, alongside interviews with industry experts. Future conferences include topics such as Blockchain, Edtech, and Clean Tech, showcasing SRAX's commitment to enhancing investor engagement through its Sequire platform.
SRAX reported unaudited financial results for Q4 2020 on March 29, 2021. The company achieved revenue of $4.5M, a 316% year-over-year increase and a 74% sequential growth. Full-year revenue guidance was revised to $23M - $25M. Sequire bookings reached $4.8M for Q4 and $10M for Q1 2021. Gross margin improved to 73%, while operating expenses increased to $5.3M. Net income turned positive at $200K, compared to a loss of $4.4M a year prior. The call for Q4 results is scheduled for March 29, 2021, at 1:30 PM PT.
SRAX, a financial technology company focused on data insights for public firms, announced it will provide unaudited revenue results for Q4 2020 on March 29, 2021. The company emphasizes its SaaS platform, Sequire, which aids in investor relations, while also monetizing data across various sectors. A video call for management to discuss the results is scheduled for the same date at 1:30 PM PT/4:30 PM ET. Investors can register for the event online to gain insights into SRAX's performance and strategic direction.
SRAX, a financial technology company, has launched its new Shelf Registration Feature on the Sequire platform, designed to assist public companies in managing shelf availability and funding strategies. This feature provides real-time data on shelf registration status and includes a Shelf Prediction Tool to evaluate market conditions. Key benefits include continuous data updates and efficient predictions to navigate market volatility. The introduction of this feature positions Sequire as a critical tool for public company executives, enhancing their financial decision-making capabilities.
SRAX, a financial technology company, has appointed Brock Pierce to its board of directors. Pierce, a well-known entrepreneur and philanthropist, has a rich background in blockchain technology and capital markets. He previously co-founded Five Delta, which was acquired by SRAX. CEO Christopher Miglino highlighted Pierce's visionary insights and their alignment with SRAX's mission to empower retail investors. This appointment follows the passing of Malcolm CasSelle, indicating continuity in leadership and vision.
SRAX, a financial technology company, announced the annual reconstitution of the LD Micro Index, which evaluates microcap companies in North America. This year, the index has seen significant growth, tripling since March 2020. Chris Lahiji, President of LD Micro, noted the index's increasing relevance and success among smaller public companies. The LD Micro Index employs a specific inclusion and exclusion screening process based on various criteria, ensuring a focused selection of promising microcap firms.
SRAX, a financial technology company, has reported significant growth of its Sequire platform, now serving over 3 million retail investors. CEO Christopher Miglino emphasized the platform's role in strengthening communication between public companies and retail investors, especially during challenging capital market conditions. Sequire utilizes machine learning to identify retail investors and fosters a community focused on specific sectors through educational events. The company aims to expand its usage among publicly traded firms.
SRAX (NASDAQ: SRAX) highlights the surge in retail trading as individual investors gain significant influence in the market. Bloomberg's John Authers notes that 2020 saw unprecedented growth in retail trading, fueled by platforms like Robinhood, which reached 13 million users.
SRAX aims to bridge the gap between companies and retail investors through its Sequire platform, offering tools for tracking investor behavior and enhancing communication. This initiative allows publicly traded companies to engage effectively with both existing and potential investors, unlocking valuable insights.
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