SRAX Inc. (NASDAQ: SRAX) Reports Record Second Quarter; Announced $10 Million Share Buy-Back Alongside $0.23/Share Special Dividend

September 21, 2021

September 21, 2021 13:27:58
  • SRAX has recently reported its 2Q 2021 results, with revenues rising +557% YoY and +41% QoQ
  • The company recently upped their full-year revenue guidance to $32 million, from $30 million previously
  • The company simultaneously announced a $10 million share buy-back as well as a special dividend approximating $6.5 million or $0.23/share
  • The special dividend will be paid in the form of preference shares, which will be distributed to the company’s shareholders of record as of September 20th.
  • The preference shares will hold $6.5 million of SRAX clients’ shares, with proceeds distributed periodically to preference shareholders as the underlying share holdings are sold
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced, following its recent Q2 2021 results, that it will be issuing a one-time special dividend to its shareholders of record on the 20th of September 2021. SRAX has seen its financial returns go from strength to strength over the past year. For the second quarter of fiscal 2021, the company reported Q2 revenues of $7.7 million, up 557% year-over-year and rising by 41% quarter-on-quarter. The company also seized on the opportunity to update their… Read More>> 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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