The latest update is out from Reklaim Ltd ( (TSE:MYID) ).
Reklaim Ltd. announced record financial results for 2024, with a 24% increase in revenue to $5.08 million and a positive EBITDA of $831,250. The company’s strategic focus on diversifying revenue streams, particularly in its ‘Platform’ and ‘Deals’ segments, contributed to significant growth, with ‘Deals’ revenue surging by 233% year-over-year. Reklaim’s adaptability in the evolving data landscape and its commitment to consumer data privacy and compliance have positioned it well for future growth. The company also reported a substantial increase in operating cash flow and cash reserves, reflecting its financial strength and operational discipline.
Spark’s Take on TSE:MYID Stock
According to Spark, TipRanks’ AI Analyst, TSE:MYID is a Neutral.
Reklaim Ltd scores moderately due to its financial challenges, particularly in profitability and balance sheet stability. Positive technical indicators suggest potential stock appreciation, though high valuation metrics raise caution. Improvements in cash flow are positive signs, but financial sustainability remains a key concern.
To see Spark’s full report on TSE:MYID stock, click here.
More about Reklaim Ltd
Reklaim Ltd. is a leader in the consumer data privacy industry, offering privacy-compliant data solutions for Fortune 500 brands, platforms, and data companies. The company focuses on enabling individuals to reclaim, control, and monetize their data with transparency and consent.
YTD Price Performance: -33.75%
Average Trading Volume: 59,666
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.38M
For an in-depth examination of MYID stock, go to TipRanks’ Stock Analysis page.