SRAX
(NASDAQ: SRAX), a digital-marketing and consumer-data-management technology
platform company, announced third quarter 2019 financial results for the three
months ended September 30, 2019. Among other highlights, the company reported
net income of $1.4 million for the quarter and an increase in product or
“vertical” sales of 11% and 17%, respectively compared to Q2 2019 and Q3 2018.
Company management discussed the results and answered questions in a conference
call on November 13. To listen to a replay of the call, which will be available
until November 27, dial 1-844-512-2921 for the United States/Canada line or
1-412-317-6671 for the international line and use the code 13695604. The call
will also be available on SRAX’s website at for at least 90 days. “BIGtoken is
expanding in reach and scope. As of today, we have a subscriber base of 16.3
million. To broaden and accommodate our international subscriber base, we
signed key partnerships in India and the Philippines; completed integration for
international users; and started the process to offer BIGtoken in multiple
languages. Now, we are implementing more initiatives to scale subscriber growth
and launch additional offerings. After unveiling BIG Rewards(TM), some of the
largest consumer packaged goods (CPG) brands in the world-initiated programs to
offer coupons, exclusive product deals and more. Upon introducing BIG Research
to gather insights on behalf of large brands looking for global customer
insights, we have signed deals with two of the largest research platforms.
Additionally, after spending the past two quarters integrating our platforms
and realigning the sales process, in Q4 2019, we expect to accelerate revenue
growth driven by brands activating on our platforms to engage with consumers
complemented by increased adoption of SRAX IR,” SRAX founder and CEO
Christopher Miglino stated in the news release.
To view the full press release, visit http://ibn.fm/bv911
About SRAX Inc.
SRAX (NASDAQ: SRAX) is a digital-marketing and
consumer-data-management technology company. SRAX’s technology unlocks data to
reveal brands’ core consumers and the characteristics of those consumers across
marketing channels. Monetizing its data sets, SRAX is growing multiple,
recurring revenue streams through its various platforms. Through its BIGtoken
platform, SRAX has developed a consumer-managed data marketplace where people
can own and earn from their data, thereby offering everyone in the internet
ecosystem choice, transparency and compensation. SRAX’s tools deliver a digital
competitive advantage for brands in the CPG, automotive, investor relations,
luxury and lifestyle verticals by integrating all aspects of the advertising
experience, including verified consumer participation, into one platform. For
more information, visit the company’s website at 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
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