Latest news with #ReklaimProtect
Cision Canada
25-06-2025
- Business
- Cision Canada
Reklaim Eliminates Outstanding Debenture, Signalling Strong Momentum and Capital Discipline
The elimination of the debenture reflects improved financial discipline and a long-term strategic focus. NEW YORK, June 25, 2025 /CNW/ - Reklaim Ltd. (TSXV: MYID) (OTCQB: MYIDF) ("Reklaim" or the "Company"), a data-powered platform that empowers consumers to access, protect, and monetize their data, today announced that it has officially eliminated its outstanding debenture. This milestone marks a significant turning point in Reklaim's financial evolution, with a streamlined capital structure that reflects growing profitability, operational discipline, and long-term alignment with shareholders. "Removing the debenture was always the goal for 2025. We're glad to have it behind us so we can focus on the growth of the business," said Neil Sweeney, CEO of Reklaim. The debenture was fully retired using proceeds from the exercise of 8.4 million warrants at $0.10. An additional 10.9 million warrants expired unexercised during the same period, further simplifying the Company's capital structure. Capital Structure Improvements The elimination of the debenture, combined with the expiry of outstanding warrants, has materially strengthened Reklaim's capital structure, further aligning the Company with long-term investors. The table below illustrates these changes as of June 24, 2025: Before (March 31, 2025) vs. After (June 24, 2025): Shares Outstanding: 118.0M → 126.4M Warrants: 26.1M → 3.04M Options/RSUs: 10.9M → 10.9M Insiders: 35% → 35% Cash: $350K → $427K Secured Debenture: $670K → $0K With fewer warrants, no secured debenture, and improved cash on hand, Reklaim enters the second half of 2025 with greater financial flexibility and reduced dilution overhang. Financial Performance Overview The elimination of Reklaim's debenture follows a year of record financial performance in 2024, including 24% year-over-year revenue growth, 82% gross margins, and a 282% increase in operating cash flow. That momentum carried into Q1 2025, where the Company reported a 73% increase in revenue compared to Q1 2024, positive EBITDA, and continued gross margins above 80%. About Reklaim Ltd. Reklaim (TSXV: MYID) (OTCQB: MYIDF) enables consumers to take control of their data. Through its mobile app, users can access, protect, or monetize their data with complete transparency. Reklaim partners with global brands to power data use that is both privacy-compliant and consumer-approved. The Company also offers Reklaim Protect, a subscription-based service that removes personal data from data brokers, monitors the dark web for breaches, and helps reduce a user's digital footprint. Reklaim continues to focus on disciplined growth, operational leverage, and long-term value creation. Investors can follow updates at Forward-Looking Statements This press release contains forward-looking statements. Please refer to our filings and disclosures for additional risk factors. SOURCE Reklaim Ltd.
Cision Canada
20-06-2025
- Business
- Cision Canada
Reklaim Expands 'Protect' to Include California Opt-Outs, Ad Tech Removal, and Family Protection
Subscribers' data is now automatically removed from California-registered data brokers, as well as enterprise and DSP platforms TORONTO, June 20, 2025 /CNW/ - Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) ("Reklaim" or the "Company"), a leader in consumer data privacy and compliant data monetization, today announced a significant update to Reklaim Protect, its privacy subscription service that helps users shrink their digital footprint. With this latest release, Reklaim Protect now automatically removes subscriber data from companies listed in California's official data broker registry, as well as enterprise data platforms and demand-side platforms (DSP s) used in digital advertising. These new capabilities further strengthen Reklaim's position as a privacy-first alternative for consumers who want to opt out of the data economy and reduce the availability of their information for sale, targeting, or unauthorized use. "Removing your data from these platforms is about cutting off the source," said Neil Sweeney, Founder and CEO of Reklaim. "Brokers, fraudsters, and bad actors all rely on the same data supply to power their models. If you don't proactively reduce your footprint, your information remains exposed and in circulation. By integrating the California registry, we're cutting subscribers off from one of the largest data pipelines in the world." Key Features of Reklaim Protect (V2) California Data Broker Registry Opt-Out Reklaim subscribers' data is now automatically removed from data brokers listed in California's official registry, the largest of its kind in the world, with a single digital signature inside the Reklaim app. This step leverages state privacy laws to disconnect consumers from some of the most active and persistent data sellers in the U.S. View the official registry ➝ Enterprise & DSP Data Removal Reklaim now facilitates opt-outs from enterprise data platforms and demand-side platforms (DSPs) used by advertisers to profile and target consumers, helping reduce unwanted surveillance and behavioural tracking. Family-Wide Monitoring Protect Subscribers, who are also members of Reklaim Rewards, can also monitor up to 10 verified email addresses for dark web breaches, extending protection to family members and close contacts. These enhancements build on the original features of Reklaim Protect, which include: Reklaim Protect is available to Reklaim subscribers in Canada and the United States, offering a 14-day free trial and ongoing access for just $1/month or $10/year. The service is fully integrated into the Reklaim mobile and web app experience.
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.
