Two months ago Reklaim received a very rare four star review after their second quarter financials. That was back on August 26th when the stock traded at 11.5 cents. Since, the stock has performed as a four star should, up 139% to close yesterday at 27.5, and peaking at a five year high of 32 cents in mid September.
I liked it so much, I took a position at their 52 week high halfway through writing that article. Many Wolf Den discord members did as well, so a dedicated channel was established.
In the summary of previous review, I cited the back half opportunity for Reklaim and the importance of not valuing the company on their TTM results. Last night, MYID dropped their Q3 results.
With a revenue increase of 187% along with 40% net income margin, perhaps you can say they “mic dropped” these Q3 numbers.
Are the details as good as the headlines? Are they worthy of an upgrade? Let’s find out.
(Free release on November 10th)
The Company:
Reklaim Ltd. is a company driven by the evolution of data and privacy. The firm aims to democratize data for consumers by providing them with an ecosystem, where they can view, edit, opt-out, and be compensated for the use of their data.
For a primer, refer back to my September review:
Reklaim Ltd. ($MYID.V) FINS Review
This review is the result of another poll from the Wolf Den discord. Users had a choice between MYID, SPN and CHER. With 45% of the vote, we will be reviewing Reklaim Ltd.