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Reklaim Ltd. Reports Strong Q1 2024 Results: Higher Margins and Increased Cash Flow

Rekaim achieves consistent first-quarter revenue along with improved gross margins and cash flow NEW YORK, May 31, 2024 /CNW/ - Reklaim, (TSXV:MYID)  (OTC:MYIDF) ("Reklaim"), the leading platform empowering consumers to access and reclaim their data, announces its 2024 first-quarter results for the period ending March 31, 2024. Key Highlights from Reklaim's Q1-2024 Performance: Gross margins improved to 82%, up from 71% in Q1 2023. Positive cash flow from operations of $463,645, an increase of $595,814 over Q1 2023. The company's cash position rose to $554,618 as of March 31, 2024, compared to $57,806 on March 31, 2023.. Reklaim announces a strong financial performance for the first quarter of 2024, showcasing consistent revenue in line with expectations and significant improvements in key financial metrics. The company has seen substantial growth in its "Deals" revenue stream, highlighting a strategic evolution in its business model where Reklaim data is ...