Fiscal 2023 will mark the first full year of
profitability for Reklaim Ltd.
NEW
YORK, Feb. 12, 2024 /CNW/ - Reklaim Ltd.
(TSXV: MYID) (OTC: MYIDF), the destination where consumers can
view, edit, add, and option their data to brands and platforms for
direct compensation, is providing guidance that it is expecting to
achieve full-year profitability for Fiscal 2023 as well as Q4-2023.
This milestone would mark the first time Reklaim has
experienced full-year profitability.
While audited financials are scheduled for release in early
April, Reklaim is confident in maintaining a robust growth
trajectory in 2024 and building upon the success and profitability
it experienced throughout 2023. The company is strategically
positioned to sustain its momentum and further enhance its market
presence.
For comprehensive financial results, reported in CAD dollars,
and in-depth Management Discussion and Analysis on previous
releases, please visit SEDAR Plus (www.sedarplus.ca) and the
Company's dedicated investor relations website at
investors.reklaimyours.com.
For further information and inquiries, please
visit www.reklaimyours.com.
About Reklaim
Offering compliant, zero-party data to
Fortune 500 brands, platforms, and data companies,
Reklaim allows consumers to visit the
application, confirm their identity, and unveil data
collected and sold for years without the consumer's explicit
consent. Reklaim enables consumers to take back control of this
data by setting up a Reklaim account through which, should they
choose to, they can be compensated for their data. To view more
information about Reklaim, visit
https://investors.reklaimyours.com.
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 projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include
statements based on current expectations involving several risks
and uncertainties without limitation and are not guarantees of the
Company's future performance. Actual results and future events
could differ materially from those anticipated in such information.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to: the market for
privacy may not continue to grow, recent privacy regulations may
not have the anticipated effect, and the risks and uncertainties
discussed in our most recent annual and quarterly reports filed
with the Canadian securities regulators and available on the
Company's profile on SEDAR+ at www.sedarplus.ca, which risks and
uncertainties are incorporated herein by reference. Readers are
cautioned not to place undue reliance on forward-looking
statements. Except as required by law, the Company does not intend
and undertakes no obligation to update any forward-looking
statements to reflect, in particular, new information or future
events.
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 results may
differ materially from what was 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.
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SOURCE Reklaim Ltd.