Reklaim's Q2 Revenue Highlights Consistent Growth and Strategic Expansion in Deals Revenue
NEW YORK, Aug. 20, 2024 /PRNewswire/ - Reklaim, (TSXV:MYID) (OTC:MYIDF) ("Reklaim"), the leading platform empowering consumers to access and reclaim their data, is pleased to announce its second-quarter results and positive EBITDA for the period ending June 30, 2024.
Key Highlights from Reklaim's Q2-2024 Performance:
Positive EBITDA: Reklaim achieved a positive EBITDA of $154,290 in Q2 2024, marking a continued profitability trajectory.
Record Revenue for Q2: Reklaim reported its highest Q2 revenue ever, posting revenue of $1,099,696, a 5% increase over Q2 2023, reflecting strong market demand.
Significant Cash Flow Improvement: Year-to-date (YTD) positive cash flow from operations reached $258,350, a remarkable improvement compared to $612 for the same period last year.
Sustained Gross Margins: Reklaim maintained robust gross margins at 80%, underscoring operational efficiency and disciplined cost management.
Deals Revenue Surge: The company's Deals revenue stream increased by 6% in Q2 and 31% YTD, ...
