Market Overview

NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Reports Q3 2019 Financial Results

Share:

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 […]

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://nnw.fm/2PNFw

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://nnw.fm/SRAX

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text "STOCKS" to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire is part of the InvestorBrandNetwork.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com