- COVID-19, the election, and preference shift towards growth-oriented stocks causing unprecedented stock market volatility
- SRAX’s Sequire SaaS platform unlocks big data investor insights for public companies
- Sequire’s user base grown to over one million investors, traders across 125 companies and partners
- Sequire’s Q3 2020 performance includes over $6.7 million in bookings and 37% increase in subscriptions
The stock market is currently going through a phase of unprecedented volatility caused primarily by political and societal issues, projected to continue well into 2021. As a proactive response, some public companies are choosing to gain clarity about their investor activity through Sequire, a SaaS platform created by SRAX (NASDAQ: SRAX) that unlocks data and insights through warrant tracking, survey creation, events, roadshows and customer relationship/resource management (“CRM”).
According to a recent BTIG report (https://ibn.fm/QXqZ0), issues with COVID-19, the United States presidential election and a general market shift towards growth-oriented stocks are the three major transitory events causing extreme volatility in the markets.
“We’re living through three transitions which, in a period of elevated volatility, are reminders that the path to the long term is a series of short terms — often gut-wrenching, both down and up,” wrote strategists Julian Emanuel and Michael Chu in the BTIG report.
Among other factors connected to the economic downturn, volatile market conditions have added to the toll taken on public companies. Besides poor performance across almost every industry, the situation has been made more challenging by extra pressure from stakeholders on management to keep driving share prices upward.
To that end, Sequire has the potential to add significant value to marketing efforts by unlocking the power of data, engaging current investors and attracting new capital through marketing campaigns. Since its creation in 2019, the platform’s user base has grown rapidly to over one million investors and traders across 125 companies and partners.
Accordingly, Sequire’s performance in Q3 2020 was stellar with over $6.7 million in bookings, its first positive quarter EBITDA, and a 37% increase in subscriptions. SRAX’s overall performance is in line with the success of the platform, with 161% year-over-year and 124% quarter-over-quarter revenue growth.
“As the Sequire platform continues to grow and adapt to customer needs, we are seeing a tremendous increase in our recurring revenue stream,” said SRAX Founder and CEO Chris Miglino. “Sequire is changing the way public issuers interact with and engage their investors, and it shows. We are pleased to report our first quarter of positive EBITDA from our Sequire segment” (https://ibn.fm/buUFN).
SRAX is a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its premier investor intelligence and communications platform. Through Sequire, companies can track investor behaviors and identify trends for use in campaigns to engage current and potential investors across marketing channels.
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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