Reklaim Announces Q4-2021 Financial Results With Year-Over-Year Sales Up 462%
Momentum continues to build; Q4-2021 sales up 92% from Q3-2021 and the number of brands purchasing data up 158% year-over-year.
New York, New York (March 31th, 2022) - Reklaim, (OTCQB: MYIDF) (TSXV: MYID) ("Reklaim"), the destination for consumers to access and reclaim their data, announces the filing of Q4-2021 financial results for the three months ending December 31, 2021.
Fiscal Year 2021 & Q4-2021 Financial Highlights
Fiscal Year revenue increased 462% to $1,002,000 from $177,843 in 2020, demonstrating increased momentum in Reklaim’s sales strategy;
Sales for Q4-2021 were $441,858, an increase of 92% quarter over quarter and a 209% increase over the same period in 2020.
Increased the number of customers buying data from Reklaim by 158%, from 33 in 2020 to 85 in 2021
Increased the number of customers buying data from Reklaim in Q4 vs. Q3 2021 by 13%, from 75 to 85 customers.
Increased the number of platforms Reklaim’s data is distributed to by 6 in 2021 versus 2020, bringing the total number of integrations to 15;
Sales and Marketing expenditures of $3,147,470 for the year ending 2021 versus $945,374 compared to the year ending 2020, reflecting Reklaim's continued investment in building a strong North American sales presence;
Cash and cash equivalents as of December 31, 2021, of $463,620 compared to $1,519,500 at the year ended December 31, 2020.
Finished 2021 with 87% of the population in North America able to find data on themselves in Reklaim.
Reklaim has over 320 million user data profiles versus approximately 10,000 in Q2-2020 and 150 million in Q4-2020.
Full financial results, reported in CAD dollars, and Management's Discussion and Analysis are posted to SEDAR (www.sedar.com) and on the Company's investor relations website: investors.reklaimyours.com.
About Reklaim
Reklaim is driven by consumer data and the evolution of privacy. Offering compliant, first-party data to Fortune 500 brands, platforms, and data companies, Reklaim allows consumers to visit the platform, confirm their identity, and unveil data that has been collected and sold without the consumer’s explicit consent for years. Reklaim enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, they can be compensated for their data or choose to protect it via a suite of privacy tools. To view more information about Reklaim, visit https://investors.reklaimyours.com
Company Contact:
Ira Levy, CFO
1-855-908-DATA
Email: investorrelations@reklaimyours.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accept responsibility for this news release's adequacy or accuracy.
forward looking statements
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving several risks and uncertainties and are not guarantees of the Company’s future performance. Actual results and future events could differ materially from those anticipated in such information. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to: the Company may not receive the approval of the TSXV for the Name Change or the Amendment; and the uncertainty surrounding the spread of COVID-19 and the impact it will have on the Company’s operations and economic activity in general; and the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend and undertakes no obligation to update any forward-looking statements to reflect, in particular, new information or future events.