Reklaim (MYID) Planet MicroCap Showcase: TORONTO 2025 summary

Financial performance and capital structure

• Achieved two years of profitability with strong growth, including 73% in Q1 and 18% in Q2, and maintains 80% gross margins and positive free cash flow.

• No debt, $1.2 million in working capital, and an active share buyback program; founder owns 40% of shares.

• Q2 revenue reached $1.2 million with a minor EBITDA loss due to new product development.

• Growth is funded by cash flow, not by excessive capital raises or acquisitions.

Product innovation and market positioning

• Operates two main revenue streams: rewards (commission on data sales) and Protect (SaaS subscription for data privacy).

• Protect, launched in March, targets consumers wanting data removal and privacy monitoring, expanding the addressable market.

• Rewards model now includes a Jackpot feature, increasing user engagement and payout efficiency.

• Less than 2% churn in rewards; Protect aims for rapid user growth with a goal of 100,000 users by end of Q1.

Industry trends and regulatory catalysts

• U.S. privacy regulations are shifting, with 20 states enforcing consumer involvement in data decisions.

• Data brokers face compliance challenges, creating opportunities for compliant platforms.

• Data is now regulated with state-level registries; companies must register to sell data in states like California, Texas, and Vermont.

• The total addressable market is estimated at $115 billion, combining data and privacy sectors.