An update from RIWI Corp ( (TSE:RIWI) ) is now available.
RIWI Corp reported a 22.8% increase in revenue for 2024, primarily due to the acquisition of TheoremReach and organic growth. Despite a net loss, the company reduced its losses compared to the previous year. RIWI completed significant acquisitions, including CoolTool and TheoremReach, enhancing its platform with unique capabilities and expanding its SaaS offerings. The company anticipates growth in transaction revenues and has signed numerous new client contracts, shifting focus towards SaaS clients and the consumer packaged goods sector. RIWI also launched product innovations and increased its workforce to support growth and improve customer support.
Spark’s Take on TSE:RIWI Stock
According to Spark, TipRanks’ AI Analyst, TSE:RIWI is a Neutral.
RIWI Corp faces significant challenges with declining revenues and profitability, although its strong equity base helps mitigate financial risk. The stock exhibits moderate technical stability, but poor valuation metrics highlight the need for improved financial performance.
To see Spark’s full report on TSE:RIWI stock, click here.
More about RIWI Corp
RIWI Corp is a market research platform and global trend-tracking and prediction technology firm. The company focuses on providing insights through surveys and data collection, with a market focus on consumer packaged goods and SaaS clients.
YTD Price Performance: -14.29%
Average Trading Volume: 6,618
Technical Sentiment Signal: Buy
Current Market Cap: C$9.72M
Find detailed analytics on RIWI stock on TipRanks’ Stock Analysis page.