- SRAX will publish its third quarter quarterly results on Monday 15th November
- The company will also hold an investor earnings call alongside the results release, led by SRAX CEO, Christopher Miglino and CFO, Michael Malone
- Following their second quarter results, the company upped its 3Q revenue guidance to $8.3 million, representing a +7.7% quarter-on-quarter crisis
- SRAX have also recently revealed their attendance at the Ladenburg Thalmann Virtual Technology Expo, which will be held on their Sequire platform on November 18th, 2021
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has revealed that it will publish its third quarter 2021 results on Monday, November 15th (https://ibn.fm/gLEuN).
On the day, SRAX’s Founder and CEO, Christopher Miglino, and CFO, Michael Malone, will provide an operational and financial summary of Q3 2021 on a video call, featuring a live question and answer session, to be held at 4:30 pm ET / 1:30pm PT. To register for the live webcast and view the presentation, investors will be able to sign up at the following link: (https://ibn.fm/BH6i4).
SRAX has seen its financial returns enjoy a remarkable rise over the past year. For the second quarter of fiscal 2021, the company reported Q2 revenues of $7.7 million, up 557% year-over-year, and rising by 41% quarter-on-quarter. The company also seized on the opportunity to update their corporate revenue guidance, increasing Q3 revenue guidance to $8.3 million, which would represent at least a +7.7% quarter-on-quarter increase. SRAX also increased their full year revenue target to $32 million, up from $30 million previously (https://ibn.fm/uWMli).
Immediately following their second quarter earnings report, SRAX announced that they would be carrying out a simultaneous $10 million stock buy-back program as well as paying a one-time special dividend to its shareholders of records as of the 20th of September 2021. The special dividend, which would bear an approximate value of $0.23 per common share, would be in the form of an issuance of non-tradeable preferred shares, which would hold a notional value of approximately $6.5 million worth of Sequire’s clients’ stock. As the underlying shares are sold, the proceeds will be distributed to the preferred shareholders on a periodic basis.
In addition to their upcoming quarterly earnings results announcement, SRAX has also recently announced that the company will be presenting at the Ladenburg Thalmann Virtual Technology Expo, a one-day investor event featuring major technology companies, on November 18th. The event, which is being hosted on the Sequire virtual conferencing platform, will feature presentations from the management of approximately 50 technology companies from the US and Israel, covering a diverse array of sectors, including connectivity, cloud and enterprise software, cybersecurity, streaming, semiconductors and cryptocurrencies, among a variety of others (https://ibn.fm/9s0F0).
For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX
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