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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.
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 March 31, 2026 – in US Dollars: "Our first quarter was impacted by the non-renewal of a significant recurring revenue contract, which materially affected year-over-year revenues comparison," said Greg Wong, CEO of RIWI. "At the same time, we saw strong underlying demand for our human-verified audience business, including a record number of customer contract wins during the quarter. "Over the past year, RIWI has transitioned away from several legacy customer verticals and toward newer customer segments where management believes the Company has stronger product-market fit and long-term growth potential. As a result, the Company's financial results currently reflect both the decline of certain legacy revenue streams and continued investment into scaling these newer business lines. Management believes Q1 2026 should represent the low point for the business from a revenue perspective, with expectations for incremental improvement throughout the balance of 2026 as operational initiatives, customer growth and upcoming technology releases continue to gain traction, including the launch of RIWI's anti-fraud solution, VerifyHuman, and the next major release of its CoolTool platform featuring new AI-powered functionality. Management's focus remains on rebuilding higher-quality recurring revenue streams and progressing the business toward improved profitability by the end of 2026." Issuance of Stock Options RIWI has granted 125,000 stock options ("Options") to JT Pacific Capital Partners Corp. pursuant to the capital markets advisory and investor relations services advisory agreement announced on April 6, 2026. The Options are exercisable at a price of CAD $0.32 per share and expire on May 20, 2031, and are subject to the terms of the Company’s stock option plan. About RIWI RIWI is a market research platform and global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries. https://riwi.com RIWI CORP. Signed : "Greg Wong" Greg Wong, Chief Executive Officer For more information, please contact [email protected] or call 1-833-FOR-RIWI (367-7494) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTION REGARDING FORWARD-LOOKING INFORMATION: Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company's expectations or beliefs regarding future events. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298288