Latest news with #Reklaim
The Market Online
22-05-2025
- Business
- The Market Online
Reklaim reports record revenue growth in Q1 2025, launches subscription privacy service
Reklaim (TSXV:MYID), a consumer data privacy and monetization stock, announced a record-breaking 73 per cent year-over-year revenue growth in Q1 2025 Revenue was $1,262,191 (up 73 per cent YoY) Reklaim's Q1 growth was bolstered by deeper integrations with major platforms including The Trade Desk, Google, LiveRamp, and Meta Reklaim stock (TSXV:MYID) last traded at $0.09 Reklaim (TSXV:MYID), a consumer data privacy and monetization stock, announced a record-breaking 73 per cent year-over-year revenue growth in Q1 2025, driven by strong platform integrations and rising demand for privacy-compliant data solutions. The company also unveiled a new subscription-based privacy service, Reklaim Protect, further expanding its dual-offering strategy. Q1 2025 financial highlights Revenue : $1,262,191 (up 73 per cent YoY) : $1,262,191 (up 73 per cent YoY) Gross margin : 81 per cent (vs. 82 per cent in Q1 2024) : 81 per cent (vs. 82 per cent in Q1 2024) EBITDA : -$134,677 (vs. -$102,886 in Q1 2024) : -$134,677 (vs. -$102,886 in Q1 2024) Net income: -$221,645 (vs. -$170,624 in Q1 2024) Despite widening losses, Reklaim's top-line growth and high gross margins underscore the scalability of its platform and the growing market appetite for ethical data solutions. Monetization and protection: Reklaim's dual-offering strategy Reklaim continues to serve both ends of the consumer data spectrum through: Reklaim rewards : A platform where users voluntarily share their data in exchange for compensation from brands and platforms. : A platform where users voluntarily share their data in exchange for compensation from brands and platforms. Reklaim protect: A newly launched subscription service that empowers users to remove their personal data from brokers and people-finder sites, while monitoring the dark web for potential breaches. This dual approach allows Reklaim to cater to both privacy-first consumers and those open to monetizing their data, reinforcing its position as a comprehensive player in the consumer data economy. Platform expansion and regulatory tailwinds Reklaim's Q1 growth was bolstered by deeper integrations with major platforms including The Trade Desk, Google, LiveRamp, and Meta. Platform revenue surged 94 per cent YoY, while Deal and Identity revenues rose 90 per cent and 24 per cent, respectively. The company is also benefiting from a favorable regulatory environment. In 2024, 19 U.S. states updated privacy laws to mandate consumer inclusion, creating a tailwind for Reklaim's user-consented data model. As enforcement ramps up, Reklaim's compliance-first approach is attracting Fortune 500 brands and top-tier advertising agencies. Cash and capital management Reklaim ended the quarter with $350,254 in cash and significantly reduced its monthly interest expenses by 51 per cent through targeted debt reduction. The company remains focused on achieving profitability while scaling responsibly. Leadership insights 'We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms,' Reklaim's CEO, Neil Sweeney said in a news release. 'The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we're expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data.' With the launch of Reklaim Protect and continued investment in AI-driven privacy tools, Reklaim is doubling down on its mission to give consumers control over their data. About Reklaim Reklaim Ltd. is a consumer data and privacy provider that is engaged in offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform can allow people to reclaim, control, and monetize their data. Reklaim stock (TSXV:MYID) last traded at $0.09 and is up 12.50 per cent since this time last month, but has lost 30.77 since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Reklaim Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Reklaim Ltd. Reports Record 73% Revenue Growth in Q1 2025 and Launches Subscription Privacy Service
Reklaim Protect adds high-margin recurring revenue; platform demand drives 94% growth in privacy-compliant data sales NEW YORK , /CNW/ - Reklaim (TSXV: MYID) (OTC: MYIDF), a leader in consumer data privacy and compliant data monetization, today announced its financial results for the three months ended March 31, 2025 . Q1 2025 Financial Highlights "We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms," said Neil Sweeney, CEO of Reklaim. "The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we're expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data." Monetization and Protection: Reklaim's Dual-Offering Strategy Reklaim now serves both privacy-conscious and data-monetization-minded consumers via its two core offerings: Reklaim Rewards, where users choose to share their data in exchange for compensation from brands and platforms, and Reklaim Protect is a subscription service that enables users to remove their personal information from data brokers and people finder sites and monitor the dark web for exposure. These services enable Reklaim to operate across the full spectrum of the consumer data economy, providing privacy-compliant monetization or privacy-first protection based on user preference. Platform Expansion and Regulatory Tailwinds Reklaim's Q1 growth was supported by expanding integrations with platforms such as The Trade Desk, Google, LiveRamp, and Meta. Platform revenue grew 94% year-over-year, while Deal revenue, driven by broader SSP participation, increased 90%. Identity revenue rose 24% as companies sought compliant solutions to enrich datasets. Reklaim is well-positioned amid tightening data privacy regulations. In 2024, 19 U.S. states updated their privacy laws to mandate consumer inclusion, strengthening demand for Reklaim's user-consented data. As regulators increase enforcement, Reklaim's compliance-first approach makes it a trusted partner for Fortune 500 brands and leading advertising agencies. Cash & Capital Management Reklaim ended the quarter with a cash position of $350,254 . Through targeted debt reduction, the company reduced monthly interest expense by 51%. Reklaim continues to focus on achieving profitability while scaling responsibly. Looking Ahead Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. Please review Reklaim's MD&A for more details on our market insights and the CEO Quarterly Letter. Additional Corporate Updates Reklaim Invest Reklaim Invest is a limited beta program enabling Canadian users to exchange earned points for equity in Reklaim. Following its April launch, Reklaim issued 5,201 shares to settle $416.08 in consumer redemptions. Pending TSXV approval, an additional 4,422 shares will be issued at $0.08 per share to settle $353.76 . About Reklaim Reklaim navigates the evolving consumer data privacy landscape, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform allows individuals to reclaim, control, and monetize their data with complete transparency and consent. To access Reklaim's Q1 2025 MD&A and financial statements, visit: Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the closing of the Debt Settlement and TSXV approval of the Debt Settlement, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law. Meta Description: Reklaim reports 73% revenue growth in Q1 2025, fueled by a 94% increase in platform data sales. Launches Reklaim Protect, a subscription privacy service, expanding high-margin consumer revenue.
Cision Canada
22-05-2025
- Business
- Cision Canada
Reklaim Ltd. Reports Record 73% Revenue Growth in Q1 2025 and Launches Subscription Privacy Service
Reklaim Protect adds high-margin recurring revenue; platform demand drives 94% growth in privacy-compliant data sales NEW YORK, May 22, 2025 /CNW/ - Reklaim (TSXV: MYID) (OTC: MYIDF), a leader in consumer data privacy and compliant data monetization, today announced its financial results for the three months ended March 31, 2025. Q1 2025 Financial Highlights "We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms," said Neil Sweeney, CEO of Reklaim. "The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we're expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data." Monetization and Protection: Reklaim's Dual-Offering Strategy Reklaim now serves both privacy-conscious and data-monetization-minded consumers via its two core offerings: Reklaim Rewards, where users choose to share their data in exchange for compensation from brands and platforms, and Reklaim Protect is a subscription service that enables users to remove their personal information from data brokers and people finder sites and monitor the dark web for exposure. These services enable Reklaim to operate across the full spectrum of the consumer data economy, providing privacy-compliant monetization or privacy-first protection based on user preference. Platform Expansion and Regulatory Tailwinds Reklaim's Q1 growth was supported by expanding integrations with platforms such as The Trade Desk, Google, LiveRamp, and Meta. Platform revenue grew 94% year-over-year, while Deal revenue, driven by broader SSP participation, increased 90%. Identity revenue rose 24% as companies sought compliant solutions to enrich datasets. Reklaim is well-positioned amid tightening data privacy regulations. In 2024, 19 U.S. states updated their privacy laws to mandate consumer inclusion, strengthening demand for Reklaim's user-consented data. As regulators increase enforcement, Reklaim's compliance-first approach makes it a trusted partner for Fortune 500 brands and leading advertising agencies. Cash & Capital Management Reklaim ended the quarter with a cash position of $350,254. Through targeted debt reduction, the company reduced monthly interest expense by 51%. Reklaim continues to focus on achieving profitability while scaling responsibly. Looking Ahead Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. Please review Reklaim's MD&A for more details on our market insights and the CEO Quarterly Letter. Additional Corporate Updates Reklaim Invest Reklaim Invest is a limited beta program enabling Canadian users to exchange earned points for equity in Reklaim. Following its April launch, Reklaim issued 5,201 shares to settle $416.08 in consumer redemptions. Pending TSXV approval, an additional 4,422 shares will be issued at $0.08 per share to settle $353.76. About Reklaim Reklaim navigates the evolving consumer data privacy landscape, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform allows individuals to reclaim, control, and monetize their data with complete transparency and consent. To access Reklaim's Q1 2025 MD&A and financial statements, visit: Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the closing of the Debt Settlement and TSXV approval of the Debt Settlement, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law.
Yahoo
22-05-2025
- Business
- Yahoo
Reklaim Ltd. Reports Record 73% Revenue Growth in Q1 2025 and Launches Subscription Privacy Service
Reklaim Protect adds high-margin recurring revenue; platform demand drives 94% growth in privacy-compliant data sales NEW YORK, May 22, 2025 /PRNewswire/ - Reklaim (TSXV: MYID) (OTC: MYIDF), a leader in consumer data privacy and compliant data monetization, today announced its financial results for the three months ended March 31, 2025. Q1 2025 Financial Highlights Revenue: $1,262,191 (up 73% YoY) Gross Margin: 81% (vs. 82% in Q1 2024) EBITDA: -$134,677 (vs. -$102,886 in Q1 2024) Net Income: -$221,645 (vs. -$170,624 in Q1 2024) "We started 2025 with momentum, achieving record revenue and expanding into new B2B platforms," said Neil Sweeney, CEO of Reklaim. "The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we're expanding our consumer offering and unlocking a new, high-margin recurring revenue stream aligned with our mission to give people control of their data." Monetization and Protection: Reklaim's Dual-Offering Strategy Reklaim now serves both privacy-conscious and data-monetization-minded consumers via its two core offerings: Reklaim Rewards, where users choose to share their data in exchange for compensation from brands and platforms, and Reklaim Protect is a subscription service that enables users to remove their personal information from data brokers and people finder sites and monitor the dark web for exposure. These services enable Reklaim to operate across the full spectrum of the consumer data economy, providing privacy-compliant monetization or privacy-first protection based on user preference. Platform Expansion and Regulatory Tailwinds Reklaim's Q1 growth was supported by expanding integrations with platforms such as The Trade Desk, Google, LiveRamp, and Meta. Platform revenue grew 94% year-over-year, while Deal revenue, driven by broader SSP participation, increased 90%. Identity revenue rose 24% as companies sought compliant solutions to enrich datasets. Reklaim is well-positioned amid tightening data privacy regulations. In 2024, 19 U.S. states updated their privacy laws to mandate consumer inclusion, strengthening demand for Reklaim's user-consented data. As regulators increase enforcement, Reklaim's compliance-first approach makes it a trusted partner for Fortune 500 brands and leading advertising agencies. Cash & Capital Management Reklaim ended the quarter with a cash position of $350,254. Through targeted debt reduction, the company reduced monthly interest expense by 51%. Reklaim continues to focus on achieving profitability while scaling responsibly. Looking Ahead Reklaim continues to empower consumers to take control of their data while expanding its AI privacy initiatives. Please review Reklaim's MD&A for more details on our market insights and the CEO Quarterly Letter. Additional Corporate Updates Reklaim InvestReklaim Invest is a limited beta program enabling Canadian users to exchange earned points for equity in Reklaim. Following its April launch, Reklaim issued 5,201 shares to settle $416.08 in consumer redemptions. Pending TSXV approval, an additional 4,422 shares will be issued at $0.08 per share to settle $353.76. About Reklaim Reklaim navigates the evolving consumer data privacy landscape, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. Its platform allows individuals to reclaim, control, and monetize their data with complete transparency and consent. To access Reklaim's Q1 2025 MD&A and financial statements, visit: Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may," "should," "anticipate," "expects," and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the closing of the Debt Settlement and TSXV approval of the Debt Settlement, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions in preparing forward-looking information may prove incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Although considered reasonable by management during preparation, such information may prove incorrect, and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements in this news release are made as of the date of this news release. The Company will only update or revise any included forward-looking statements as expressly required by Canadian securities law. Meta Description: Reklaim reports 73% revenue growth in Q1 2025, fueled by a 94% increase in platform data sales. Launches Reklaim Protect, a subscription privacy service, expanding high-margin consumer revenue. View original content to download multimedia: SOURCE Reklaim Ltd.
Yahoo
19-05-2025
- Business
- Yahoo
EXCLUSIVE: The Luxury Consumer Has a New Dealer
At just three years old, Reklaim is doubling down on its mission to democratize luxury. The technology-forward company aims to redefine the essence of luxury through conscious consumption and open the door to the world of luxury with the belief in a world where luxury and values are intertwined. Founded in 2022, Reklaim's original model connected exclusively with retail partners, including Nordstrom, Selfridges and Jared. The turnkey solution gives access to $10 billion worth of coveted handbags and watches with its proprietary technology, including a selection of items from Hermès, Louis Vuitton, Rolex and Chanel. In addition to its curated selection, the company has also offered its Whatever, Whenever service to source sought-after pieces. More from WWD EXCLUSIVE: Polène's Paris Pop-up Is About a Flourishing Bag Business - and Its Off-cuts Canada's Prime Minister Mark Carney's Wife Has Her Own Global Career Experience The Top 5 Consumer Behaviors to Watch in 2025, and Beyond Reklaim is now in more than 100 retail doors, which James Thomas, co-owner, cofounder and chief commercial officer of Reklaim, told WWD was a 'critical first step — allowing [the company] to introduce consumers to the breadth of our handbag and watch assortment, and to establish Reklaim as a disruptive, elevated force in pre-owned luxury, all within a tangible retail environment. [We] focused on perfecting our proprietary technology and cultivating strategic wholesale partnerships.' Furthering its mission, Reklaim has announced it will now be available direct-to-consumer through its own website. With this step, the company aims to empower the consumer to take the power back and reject the idea of multiyear waitlists, forced purchases and buying into the privilege of eligibility. 'In a world where luxury has long been defined by exclusivity and excess, we saw an opportunity — not just to challenge the status quo, but to completely reimagine the pre-owned experience,' said Kamran Razavi, co-owner, cofounder and chief executive officer of Reklaim. 'The name Reklaim stands for taking the power back. We're not just reshaping luxury. We're rebuilding the entire system behind it, one with sustainability and inclusivity at the core.' Thomas added that with Reklaim's strong foundation in place and proven demand, now is the ideal moment to expand the company's digital footprint through its own direct-to-consumer platform. In practice, Razavi said that what this means for consumers is access to the luxury products and shopping experience that they deserve. For retailers it provides inventory agility and for brands, it means a chance to participate in a space where there has traditionally been exclusion. 'Reklaim is flipping the script on pre-owned luxury,' Thomas said. 'Most pre-owned platforms are dependent on whatever comes through the door — but we lead with curation. Everything we offer is based on what our customers actually want, backed by data and demand. We built Reklaim with a time-saving mindset.' To that end, Thomas and Razavi describe Reklaim as a 'super brand,' meaning that while it is a singular destination, it is powered by the strength of many — namely the designer brands that the platform is bringing together. At the same time, the cofounders see Reklaim offering its customers efficiency, easy and high-level service in addition to access to the best experience possible. 'We've built a platform that offers whatever you want, whenever you want it, and at the right price,' Razavi said. 'Our Whatever, Whenever approach ensures that the most in-demand, hard-to-find luxury pieces are always within reach — giving our customers not just beautiful products, but the ultimate luxury of time.' Moreover, Razavi said they see Reklaim as a sort of 'giant recycling plant for luxury.' 'Reklaim was created to ignite a global movement around more conscious consumption,' Razavi said. 'Luxury goods are crafted with extraordinary artistry and made to last. Our mission is to fully extend the complete life cycle of every bag and watch we sell. It's really a giant global game of 'match.' We needed to build the underlying technology to properly match global buyers and sellers in real-time.' Notably, Reklaim has trademarked the term Conscious Luxury to effectively redefine what it means to shop pre-owned. Reklaim's Conscious Luxury is an elevated experience, said Razavi, that benefits everyone in the ecosystem, whether you are the customer, retailer or original manufacturer. 'Our mission is to spark a shift in consciousness where recycling pre-owned goods becomes the norm and overconsumption, one of the planet's most damaging forces, is challenged,' Razavi said. 'We recognize that what we sell are luxuries — and with that comes responsibility. That's why we empower our community to shop consciously.' Reklaim's commitment to sustainable luxury solutions will be exemplified further through itsConscious Collective, a global community of ambassadors in the conversation around pre-owned luxury and mindful consumption. The group will create aspirational content, host events and drive awareness of the circular economy through storytelling and peer influence. Elsa Hosk, model and entrepreneur, has been named the inaugural member of the Conscious Collective. Thomas described the potential Reklaim consumer as 'discerning, style-forward and starved for time.' 'They're coming to us for an elevated pre-owned experience that's not just thoughtful and transparent, but also efficient and seamless,' Thomas said. 'Above all, they are conscious global citizens who care as much about the planet as they do the heritage and craftsmanship of luxury goods. Shopping Reklaim isn't just about acquiring handbags or watches, it's about embracing a circular model of luxury that honors the planet and future generations.' Best of WWD The Definitive Timeline for Sean 'Diddy' Combs' Sean John Fashion Brand: Lawsuits, Runway Shows and Who Owns It Now What the Highest-paid CEOs at U.S. Fashion and Retail Companies Make Confidence Holds Up, But How Much Can Consumers Take? Sign in to access your portfolio
