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Reklaim Achieves 40% Year-to-Date Revenue Growth, Retires Debenture, and Strengthens Cash Position
Reklaim Achieves 40% Year-to-Date Revenue Growth, Retires Debenture, and Strengthens Cash Positio...
About this update from Reklaim Ltd
[{"type":"text","content":"\n\n\n\n Reklaim Achieves 40% Year-to-Date Revenue Growth, Retires Debenture, and Strengthens Cash Position\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Q2 Revenue Up 18% Year-over-Year with Cash Balance Increasing Nearly 20%\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 4, 2025\n \n\n /CNW/ - Reklaim Ltd. (\"Reklaim\" or the \"Company\") (TSX: MYID) (OTC: MYIDF) today announced its\n \n financial results\n \n for the three months ended\n \n June 30, 2025\n \n . The quarter reflected strong top-line growth, debt elimination, and the continued expansion of products in consumer privacy.\n \n\n\n\n\n\n\n\n\n\n Q2 2025 Financial Highlights\n \n\n\n\n\n Revenue of\n \n $1.30 million\n \n\n , an increase of 18% compared to\n \n $1.10 million\n \n in Q2 2024, marking the fifth consecutive quarter of year-over-year growth.\n \n\n\n\n\n Gross margin of 77%\n \n , compared to 81% in Q2 2024, reflecting investment in product launches and the temporary use of a third-party distribution platform, which has since been replaced with a direct integration into The Trade Desk.\n \n\n\n\n\n EBITDA of\n \n ($140,634)\n \n\n , a significant improvement from\n \n ($332,776)\n \n in Q2 2024.\n \n\n\n\n\n Cash balance of\n \n $419,000\n \n\n , up 19.6% from Q1 2025.\n \n\n\n\n\n Debenture fully repaid\n \n , reduced liabilities by over\n \n $800,000\n \n and eliminated future interest expense.\n \n\n\n\n\n Warrant Reduction\n \n . Outstanding warrants reduced to 7.45 million at quarter-end and 1.56 million as of\n \n July 2025\n \n from 24 million warrants at the beginning of the quarter.\n \n\n\n\n Operational and Strategic Highlights\n \n\n\n\n\n Launch of\n \n\n Reklaim Protect\n \n\n\n : Introduced in\n \n\n\n May 2025\n \n\n\n , Reklaim Protect is an AI subscription-based privacy service that enables consumers to remove their personal information from data brokers, monitor data exposure on the dark web, and opt out of state data broker registries. Protect establishes a new recurring revenue stream alongside Reklaim Rewards...