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Reklaim Ltd. Reports Significant Revenue Growth and New Privacy Service in Q1 2025

In a remarkable achievement, Reklaim Ltd. (TSXV: MYID) (OTC: MYIDF) announced a 73% year-over-year revenue increase during the first quarter of 2025, reaching $1,262,191. This growth is coinciding with the launch of a new subscription service, Reklaim Protect, a move the company's leadership believes aligns perfectly with the rising demand for consumer data privacy solutions.

Financial Performance Highlights

During the first three months of 2025, Reklaim reported a gross margin of 81%, sustaining a slight decrease from 82% in the same period last year. However, despite the rising revenues, the company faced challenges reflected in its EBITDA of -$134,677, which is a decline compared to -$102,886 in Q1 2024, and a net loss of $221,645 versus $170,624 a year earlier.

Neil Sweeney, the CEO of Reklaim, commented, “We started 2025 with momentum, achieving record revenue and broadening our business-to-business (B2B) integrations. The demand for privacy-compliant data is accelerating, and Reklaim is uniquely positioned to meet it. With Reklaim Protect, we are not just expanding our consumer offerings; we are unlocking a lucrative new revenue stream.”

Dual Strategy for Data Monetization and Protection

Reklaim’s innovative strategy focuses on serving both privacy-conscious consumers and those looking to monetize their data. The company operates through two primary offerings:

1. Reklaim Rewards: This service allows users to share their data in exchange for compensation from various brands and platforms.
2. Reklaim Protect: A new subscription service designed to help users remove personal information from data brokers and people finder websites, ensuring additional security by monitoring for potential exposure on the dark web.

This dual approach allows Reklaim to cater to a broader audience, offering choices that align with individual needs regarding privacy and monetization.

Market Expansion and Regulatory Support

The impressive revenue growth in Q1 2025 can also be attributed to significant platform expansion. Partnerships with major players such as The Trade Desk, Google, LiveRamp, and Meta have facilitated a 94% increase in platform revenue. Additionally, revenue from deals surged 90%, while identity revenue grew 24%, as corporations seek compliant solutions to enhance their datasets.

Amid tightening data privacy laws, Reklaim finds itself well-positioned. In 2024, 19 U.S. states updated their regulations to require consumer consent for data usage, further bolstering the need for Reklaim’s user-consented solutions. With increased regulatory enforcement, Reklaim's compliance-first strategy is gaining traction, earning trust from Fortune 500 companies and leading advertising agencies.

Financial Management and Future Plans

As of the end of the quarter, Reklaim maintained a solid cash position of $350,254. The company has been proactive in managing debt, successfully reducing monthly interest expenses by 51%. Reklaim aims to enhance profitability while cautiously navigating growth.

Looking to the future, Reklaim is focused on empowering consumers by expanding its AI privacy initiatives and enhancing its service offerings. The launch of Reklaim Invest, allowing Canadian users to convert earned points into equity, is a testament to the firm's ongoing commitment to engage its consumer base positively.

About Reklaim

Reklaim operates at the forefront of the consumer data privacy landscape, providing essential solutions for prominent brands, platforms, and data-related companies. Its platform allows individuals to take back control, manage, and monetize their data with full transparency and consent. For further financial details, visit Reklaim Investor Relations.

With strong growth momentum and a clearly defined strategy, Reklaim Ltd. is set to shape the future of consumer data privacy as demand and regulations evolve.