Targeted Strategies for Today's Evolving Markets

MissionIR Blog

MissionIRNewsBreaks – SRAX (NASDAQ: SRAX) Releases Q4 Numbers, Operational Highlights

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS (”SaaS”) platform, has reported its fourth-quarter 2020 numbers; the report also noted company highlights for the quarter and full year. According to the announcement, the company saw Q4 revenue of $4.5 million, an increase of 316% year over year and a 74% increase quarter over quarter. The company’s full-year revenue guidance increase from $17–$18 million to $23–$25 million. SRAX noted that its Sequire SaaS had seen eight quarters of growth, with bookings of $4.8 million for the fourth quarter and $10 million for Q1; 183 public companies or partners have subscribed to Sequire, which is almost double from the company’s Q3 report. “We are making great progress with our platform and we are seeing continued adoption of the products that we are building for issuers. We had another record quarter of bookings for Sequire,” said SRAX founder and CEO Christopher Miglino in the press release. “In the first quarter of 2021 we have closed over $10 million in contracts. This momentum is not slowing down and we are growing the business to accommodate this demand. Our team did an amazing job in delivering a number of cutting-edge technological improvements to the platform and they have laid the foundation for some amazing enhancements that we will bring to market throughout the rest of this year. I could not be more proud of the hard work and dedication that the team has demonstrated as our sales continue to skyrocket.”

To view the full press release, visit https://ibn.fm/t08z3

About SRAX

SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, please visit www.SRAX.com

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

This entry was posted in MissionIRNewsBreaks, SRAX, Inc. SRAX. Bookmark the permalink.

Comments are closed.