- Increased number of registered BIGtoken users to 15.9 million in six months
- Invited to be a board member on the Interactive Advertising Bureau (IAB) Data Policy Board
- Deloitte Tech Fast 500 Winner
- Member of the Russell Microcap® Index
- Sold healthcare vertical, SRAX MD, for a $43.5 million consideration, retaining 31% ownership in new SRAX MD entity; 2017 revenue was $8 million out of $26 million
- SRAX revenue potential for BIGtoken projected at $400 million by January 2022
- Worldwide spending on big data and business analytics solutions reached $166 billion in 2018 and is projected to surge to $260 billion by 2022
- Financial highlights for Q2 2019 include an increase in total gross margin to 55% in the second quarter, compared to 42% in Q1 2019; vertical revenue increased 132% in Q1 2019 in year-over-year growth
- Raised $1 million at $5 per share in a private placement to support the launch of BIGtoken across Asia
- Raised $7.8 million: $6.7 million from a registered direct offering and $1.1 million from warrant conversion
- Raised $5.5 million from a registered direct offering, subsequent to quarter end
SRAX Inc. (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and their characteristics across marketing channels.
Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby providing everyone in the internet ecosystem choice, transparency and…
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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