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.
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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.
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