Reklaim Ltd.’s (TSX.V: MYID) (OTCQB: MYIDF) Q3 2022 Results Reveal 217% YoY Revenue Increase, 142% Gross Margin Growth
Dec 1, 2022
- Reklaim posted Q3 2022 results showing 217% YoY revenue growth, 142% YoY gross margin increase, 90% year-to-date recurring revenue growth, and 28% more customers since year-end 2021
- The online advertising industry depends heavily on consumer data, but government regulations and tech company restrictions are severely cutting supply
- Reklaim fills the void with an identity ecosystem that compensates users for consenting to share data while providing fully compliant data sets to marketers
Reklaim (TSX.V: MYID) (OTCQB: MYIDF), the destination for consumers to access and reclaim their data, recently posted its financial results for the three months that ended September 30, 2022. Highlights included a 217% year-over-year revenue increase, a 142% year-over-year gross margin increase, 90% growth in year-to-date recurring revenue, and a 28% increase in new customers since year-end 2021 (https://ibn.fm/vYj7E).
“As signaled in previous quarters, we have accelerated the reduction in our cost structure while maintaining our growth rate, and we expect a similar trajectory in the coming…
NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF
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