Reklaim (MYID) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of $5.08M for 2024, up 24% year-over-year, with strong growth in both 'Platform' and 'Deals' segments.

• Positive EBITDA of $831,250 and net income of $373,353, reflecting margin expansion and cost efficiency.

• Operating cash flow increased 282% year-over-year, and cash reserves rose 258% by year-end.

Financial highlights

• Revenue grew to $5,079,714 from $4,111,927 in 2023, a 24% increase year-over-year.

• Gross margin reached 82%, supporting profitability.

• EBITDA was positive at $831,250; net income totaled $373,353.

• Operating cash flow surged to $223,617, up 282% from the prior year.

• Cash on hand increased 258% by year-end.

Outlook and guidance

• Focus remains on empowering consumers with data control and expanding AI privacy initiatives.