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RIWI Releases Q2 2025 Financials
Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) ...
About this update from Riwi Corp.
[{"type":"text","content":"RIWI Releases Q2 2025 FinancialsToronto, Ontario--(Newsfile Corp. - August 20, 2025) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the \"Company\" or \"RIWI\"), a market research platform, global trend-tracking and prediction technology firm, reported its financial results for the three and six months ended June 30, 2025. 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 quarter ended June 30, 2025 - in US Dollars:RIWI reported $1,495,370 USD in revenues in the quarter ending June 30, 2025, up 45.7% from $1,026,112 in Q2 2024. Revenue consisted of $868,718 in transaction revenue, $387,103 in recurring revenue and $239,549 in project-based revenue. Twelve-month trailing revenue reached a record $6,039,778 as of quarter-end. The Company recorded a net loss of $336,380 and an operating loss of $291,248 for the period as compared to a net loss of $108,826 and an operating loss of $96,269 for the quarter ending June 30, 2024.In early August 2025, RIWI initiated a cost savings plan (\"Cost Savings Plan\") in order to streamline sales and operations and focus on profitability. The Cost Savings Plan is expected to result in an annual cost savings to the business of approximately $600,000 and is expected to begin to impact RIWI's financials in the third quarter of 2025. The Company is expected to experience the full impact of this plan in the fourth quarter of 2025.RIWI signed 32 customer contracts in the three months ended June 30, 2025, including 9 new RIWI customers, reflecting continued demand across its solutions.In the second quarter of 2025, RIWI released two new significant product enhancements. The first is a self-service sample portal enabling customers to check project feasibility of consumer-based sample themselves and if desired, purchase the sample, generate the survey redirect links and launch their project, all without the need for RIWI professional services. This platform is meant to grow the demand for RIWI sample and help corporate researchers accelerate their research. The second enhancement is the RIWI synthetic AI data generator which will help researchers access data based on real human personas that are statistically robust and privacy-preserving, at a fractio...