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Reklaim Ltd's Posts Consecutive Profitable Quarters, Q3-2023 Profitability Soars by 107%
Reklaim Ltd's Posts Consecutive Profitable Quarters, Q3-2023 Profitability Soars by 107% ...
About this update from Reklaim Ltd
[{"type":"text","content":"\n \n \n \n Reklaim Ltd's Posts Consecutive Profitable Quarters, Q3-2023 Profitability Soars by 107%\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 \n With positive operating cash flow for Q3 and 119% YTD revenue growth, Reklaim is well-positioned for a profitable 2023.\n \n \n \n \n \n \n NEW YORK\n \n \n ,\n \n \n Nov. 9, 2023\n \n \n /CNW/ -\n \n Reklaim\n \n Ltd., (TSXV:\n \n \n MYID\n \n \n ) (OTC:\n \n \n MYIDF\n \n \n ) (\"Reklaim\"), the destination where consumers can view, edit, add, and option their data to brands and platforms for direct compensation, announces the filing of its Q3-2023 financial results.\n \n \n \n \n \n \n \n \n \n \n Q3-2023 Highlights:\n \n \n \n \n \n Continued Profitability:\n \n 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\n \n $529,914\n \n for Q3-2023, marking an impressive 107% increase compared to Q2-2023.\n \n \n \n Revenue Growth:\n \n Reklaim's revenue for the three months ending\n \n September 30, 2023\n \n , has grown by a noteworthy 52% to\n \n $923,966\n \n compared to the same period last year. The nine months ending\n \n September 30, 2023\n \n , witnessed a remarkable 64% increase in revenue compared to the same period the previous year, totaling\n \n $2,695,697\n \n .\n \n \n \n Year-to-Date Success:\n \n The company's overall profitability for the year-to-date period ending\n \n September 30, 2023\n \n , has reached an impressive\n \n $635,828\n \n .\n \n \n \n Positive Cash Flow:\n \n Demonstrating remarkable financial strength, Reklaim achieved positive cash flow from operations in Q3 and year-to-date through enhanced efficiency and improved operating margins.\n \n \n \n Steadfast Margins:\n \n Maintaining robust financial health, Reklaim sustained a gross margin of 80% for the three months ending\n \n September 30, 2023\n \n , and a commendable 78% for the nine months ending\n \n Septemb...