OTC:MYIDF

Reklaim Ltd. Reduces Debt Following Successful Warrant Exercises

Retrieved on: 
Wednesday, April 24, 2024
Data management, OTC, Exercise, TSX Venture Exchange, Security (finance)

This reduction was achieved through a cash payment to a non-arms-length creditor, totaling $100,000.

Key Points: 
  • This reduction was achieved through a cash payment to a non-arms-length creditor, totaling $100,000.
  • Importantly, this debt reduction does not affect the company's share structure.
  • This successful debt reduction follows a year of strong financial performance for Reklaim Ltd., highlighted by the company's first full year of profitability and record revenue of $1,416,230 in Q4-2023, a 97%% increase compared to Q4-2022.
  • Reklaim Ltd.'s latest milestone reinforces its commitment to empowering consumers by giving them control over their personal data while sustaining a strong financial trajectory.

REKLAIM LTD Announces Q4 & 2023 Outcomes: Achieving Profitability with $872K in Profit and a 74% Surge in Annual Revenue

Retrieved on: 
Tuesday, April 9, 2024
Conversation, Growth, OTC, CAD, Management, Beauty salon

Key Highlights from Reklaim's 2023 Performance:

Key Points: 
  • Key Highlights from Reklaim's 2023 Performance:
    Reklaim achieved 74% year-over-year revenue growth, reaching $4,111,927 in 2023 compared to $2,361,110 in 2022.
  • Q4 2023 revenue reached an all-time high of $1,416,230, marking an impressive 97% surge compared to the same period in 2022.
  • Sequentially, Q4 2023 revenue increased to $1,416,230 from $923,966 in Q3 2023, demonstrating a robust 53% growth.
  • Recurring Revenue and Operational Efficiency:
    Achieved a recurring revenue rate of 92% in 2023, a notable increase from 86% in 2022.

Reklaim Ltd Unveils Profitable Guidance for Fiscal 2023

Retrieved on: 
Monday, February 12, 2024
OTC, Financial statement, CAD, Fiscal

Fiscal 2023 will mark the first full year of profitability for Reklaim Ltd.

Key Points: 
  • Fiscal 2023 will mark the first full year of profitability for Reklaim Ltd.
    NEW YORK, Feb. 12, 2024 /PRNewswire/ - 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.

Reklaim Ltd's Posts Consecutive Profitable Quarters, Q3-2023 Profitability Soars by 107%

Retrieved on: 
Thursday, November 9, 2023
CAD, Debt, SEDAR, OTC, Legislation, Preferential creditor, Financial statement, Indian stock exchange, Debt settlement, Privacy, YTD, Satellite navigation device, Clothing, Cryptocurrency, Q3

With positive operating cash flow for Q3 and 119% YTD revenue growth, Reklaim is well-positioned for a profitable 2023.

Key Points: 
  • With positive operating cash flow for Q3 and 119% YTD revenue growth, Reklaim is well-positioned for a profitable 2023.
  • Continued Profitability: Reklaim continues its streak of success with the second consecutive quarter of profitability, demonstrating a substantial leap in its financial performance.
  • The company reported a quarterly profit of $529,914 for Q3-2023, marking an impressive 107% increase compared to Q2-2023.
  • Year-to-Date Success: The company's overall profitability for the year-to-date period ending September 30, 2023, has reached an impressive $635,828.

Reklaim Sets Third Quarter Earnings Call for Thursday, November 9th at 4:30 PM EST

Retrieved on: 
Monday, November 6, 2023
OTC, Multimedia

NEW YORK, Nov. 6, 2023 /PRNewswire/ - Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) (the "Company"), the destination for consumers to access and reclaim their data, will hold a conference call on Thursday, November 9, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its Q3-2023 financial results

Key Points: 
  • NEW YORK, Nov. 6, 2023 /PRNewswire/ - Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) (the "Company"), the destination for consumers to access and reclaim their data, will hold a conference call on Thursday, November 9, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its Q3-2023 financial results
    Neil Sweeney , CEO and Founder, will host the conference call, followed by a question and answer period.
  • Please log in to the webinar 10 minutes before the start time.
  • If you have any difficulty connecting with the conference call, email contact [email protected]
    View original content to download multimedia: https://www.prnewswire.com/news-releases/reklaim-sets-third-quarter-earn...

Reklaim Ltd. Slashes Debt Through Successful Debt Conversion Initiative

Retrieved on: 
Tuesday, October 24, 2023
Debt settlement, OTC, Indian stock exchange, TSX, Security (finance)

The Company plans to settle indebtedness of $100,000 by issuing 1,250,000 Common Shares at a deemed price of $0.08 per Common Share, reducing its outstanding debt by 9%.

Key Points: 
  • The Company plans to settle indebtedness of $100,000 by issuing 1,250,000 Common Shares at a deemed price of $0.08 per Common Share, reducing its outstanding debt by 9%.
  • This latest conversion comes on the heels of a year of financial strength, during which the company has managed to cut its debt load by 39% while consistently maintaining profitability .
  • Reklaim Ltd. remains committed to achieving financial stability and creating value for its shareholders.
  • This strategic Debt Settlement marks another positive step forward in that journey.

Reklaim Announces Results of Annual General and Special Shareholders Meeting and Shareholder Approval of Omnibus Equity Incentive Plan

Retrieved on: 
Thursday, August 24, 2023
Indian stock exchange, TSX Venture Exchange, MNP, RSU, Debt settlement, OR, OTCQB, Meeting, MNP LLP, Corporation, Social Democrats (Slovenia), SEDAR, Remuneration, PSU, Security (finance)

At the Meeting, all director nominees, Neil Sweeney , Robert Fernicola, Kevin Shea, Brad Marks, Andrew Elinesky, and Jason Maguire, were re-elected as directors of the Company.

Key Points: 
  • At the Meeting, all director nominees, Neil Sweeney , Robert Fernicola, Kevin Shea, Brad Marks, Andrew Elinesky, and Jason Maguire, were re-elected as directors of the Company.
  • In addition, shareholders of the Company approved the Omnibus Equity Incentive Plan (the "Omnibus Incentive Plan") to replace the existing stock option plan.
  • A copy of the Omnibus Incentive Plan and further details are included in the Company's management information circular regarding the Meeting dated July 27, 2023, and available on SEDAR at www.sedarplus.com .
  • The Omnibus Incentive Plan remains subject to the final approval of the TSXV.

Reklaim Ltd. Improves Balance Sheet, Announces Agreement to Reduce Outstanding Payables by 36%

Retrieved on: 
Thursday, August 17, 2023
OTC, Security (finance)

TORONTO, Aug. 17, 2023 /PRNewswire/ - Reklaim Ltd .

Key Points: 
  • TORONTO, Aug. 17, 2023 /PRNewswire/ - Reklaim Ltd .
  • (TSXV: MYID) (OTC: MYIDF) (the "Company") is pleased to announce that it has reached a successful agreement with a former vendor regarding outstanding payables, reducing disputed amounts by approximately $506,695.
  • This agreement reduces outstanding accounts payable by 36% and will profoundly impact the Company's financial standing and improve its balance sheet substantially.
  • Additionally, Reklaim held an investor call on Tuesday, Aug. 15, 2023, at 4 p.m.