Business
RIWI Releases Q1 2026 Financials and Announces Issuance of Stock Options
Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - RIWI Corp. (TSXV: RIWI) (OTC: RWCRF) (the "Company" or "RIWI"), a market research platform, global trend-tracking and prediction technology firm, reported its financial results for the three months ended March 31, 2026. All figures are reported in U.S. dollars unless otherwise indicated. RIWI's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").RIWI highlights for the three months ended...
About this update from Riwi Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - RIWI Corp. (TSXV: RIWI) (OTC: RWCRF) (the "Company" or "RIWI"), a market research platform, global trend-tracking and prediction technology firm, reported its financial results for the three months ended March 31, 2026. All figures are reported in U.S. dollars unless otherwise indicated. RIWI's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").","length":488,"tagName":"p"},{"type":"text","content":"RIWI highlights for the three months ended March 31, 2026 – in US Dollars:","length":74,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"RIWI earned $820,503 in revenues in the quarter ending March 31, 2026 compared to $1,568,270 for the quarter ended March 31, 2025, a decrease of 47.7%. The Company's revenue consisted of $442,453 in transaction revenue, $106,177 in recurring revenue and $271,873 in project-based revenue. RIWI also recorded a net loss of $526,795 and an operating loss of $453,844 for the period as compared to a net loss of $345,766 and an operating loss of $321,260 for the quarter ending March 31, 2025.","length":494,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The revenue decline in the first quarter of 2026 was the result of several factors including the non option year renewal of a long term confidential contract that will impact RIWI's recurring revenue on a go-forward basis, seasonality in the CPG business which is expected to rebound in year and declines in the transaction business because of supply constraints which is expected to level out and begin growing again by the third quarter of 2026. Overall, the macro-economic environment for market research was a challenge in Q1, but management is optimistic that business will improve in future quarters which should improve operating results on a go-forward basis.","length":671,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On April 17, 2026, RIWI welcomed James Bowen, Al Leong and Marc Kazimirski to RIWI's Board of Directors. These individuals bring significant experience in artificial intelligence, marketing, legal affairs and capital markets that align closely with the company's strategic priorities for 2026 and beyond. At the same time, Annette Cus...