- SRAX Inc. will host conference call to announce Q1 2021 results on May 17, 2021
- Call will be hosted via live video call, will also feature question & answer session
- SRAX released Q4 2020 results earlier this year, revealing 316% YoY increase in revenues, upping its 2021 sales guidance to $23-25 million
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, is scheduled to host a conference call to discuss its Q1 2021 results on May 17th, 2021. The call will feature SRAX Founder and CEO Christopher Miglino as well as SRAX CFO Michael Malone, who will provide investors with an operational and financial summary of their quarterly earnings on a live video call, along with hosting a question-and-answer session, on May 17, 2021 at 1:30 pm PT/4:30 pm ET (https://ibn.fm/wHuuS).
SRAX has seen its financial returns go from strength to strength over the past year. Earlier this year the Company released its Q4 2020 results (https://ibn.fm/rP4Mm). At the time the Company reported Q4 revenues of $4.5 million, up 316% year-over-year whilst simultaneously reporting Q4 net income of $200,000, a significant increase relative to the net loss of -$4.4 million witnessed in Q4 of 2019.
SRAX also seized upon the opportunity to raise its FY2021 revenue guidance to $23-25 million, a substantial increase from its previous guidance of $17-18 million, implying a growth rate of between 164-187% year-over-year for FY2021.
SRAX also provided an update on Sequire at the time, revealing that the investor intelligence platform had secured bookings of $4.8 million and $10 million for the fourth quarter of 2020 and first quarter of 2021, respectively, whilst also seeing its corporate subscriber base swell to 183 publicly listed companies (versus 92 companies as of their Q3 2020 update). SRAX also announced that Sequire would recognize $16.5 million in revenues based on its existing contracts over the course of the 2021 fiscal year.
“We are making great progress with our platform and we are seeing continued adoption of the products that we are building for issuers,” stated SRAX CEO Christopher Miglino following the Company’s Q4 2020 results. “We had another record quarter of bookings for Sequire. In the first quarter of 2021 we have closed over $10 million in contracts.”
SRAX has taken several steps to augment and streamline its operations over the past few months, including naming entrepreneur and 2020 presidential candidate Brock Pierce to the Company’s board of directors, divesting an equity stake in TI Health (formerly known as SRAXmd), and announcing a substantial line-up of investor conferences to be held via the Sequire platform over the coming year.
With Sequire’s popularity rising to new heights among both corporate issuers and investors alike, SRAX stands well poised to benefit from its success.
To register for the live webcast and view the presentation, please sign up at the following link: https://Q12021earningscall.mysequire.com.
Investors who would like to access the earnings call by phone can use the following details:
Phone Number: +1 669-900-6833 | Webinar ID: 959-8207-6042 | Passcode: 288501
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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