Reklaim Ltd (MYID) AI Stock Analysis

• Market Cap: $9.44M
• Dividend Yield: N/A
• Average Volume (3M): 33.07K
• Price to Earnings (P/E): 25.8
• Beta (1Y): 0.23
• Revenue Growth: 23.54%
• EPS Growth: -60.76%
• Country: CA
• Employees: 1
• Sector: Technology
• Sector Strength: 67
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 117,991,870
• 10 Day Avg. Volume: 23,819
• 30 Day Avg. Volume: 33,071
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Reklaim Ltd has notable strengths in revenue growth and cash flow improvements, but these are tempered by concerns over high leverage and declining profit margins. The stock's valuation is relatively high, and technical indicators suggest a neutral to slightly bearish trend. Positive corporate events, including record financial results and debt reduction, offer some optimism for future prospects, though financial sustainability remains a concern.

Reklaim Ltd Business Overview & Revenue Model

Company Description

Reklaim Ltd (MYID) is a technology company that specializes in providing privacy-compliant data solutions. The company operates in the digital marketing and data brokerage sectors, offering consumers the ability to reclaim and monetize their data through a user-friendly platform. Reklaim empowers users by giving them control over their personal information and compensating them when their data is shared with businesses.

How the Company Makes Money

Reklaim Ltd generates revenue primarily through its data marketplace platform, where businesses pay to access consumer data for targeted marketing and analytics purposes. Consumers who opt-in to share their data are compensated, creating a unique value proposition that encourages participation. Key revenue streams include subscription fees from businesses for data access and transaction fees on data exchanges. The company may also engage in strategic partnerships with advertisers and technology firms to enhance its data offerings and expand its market reach.

Reklaim Ltd Financial Statement Overview

Summary

Reklaim Ltd displays revenue growth and improved operational efficiency, yet faces profitability challenges. The negative equity and high leverage on the balance sheet indicate financial instability, posing risks for investors. Positive cash flow trends are encouraging, but reliance on financing and past deficits highlight liquidity concerns.

Income Statement

Reklaim Ltd shows a positive trend in revenue growth with a significant increase from 2023 to the TTM period. The gross profit margin is improving, but the net profit margin is relatively low, indicating challenges in converting revenue into profit. The EBIT and EBITDA margins have seen some improvement, indicating better operational efficiency compared to previous years. However, historical losses and volatility in earnings present concerns for sustained profitability.

Balance Sheet

The company's balance sheet reveals a negative stockholders' equity position, indicating financial instability. The debt-to-equity ratio is not applicable due to negative equity, and the company has high leverage. Return on equity is challenging to evaluate with negative equity. The equity ratio is concerning, showing minimal shareholder equity compared to total assets, which poses a significant risk for investors.

Cash Flow

The cash flow situation has improved with positive operating and free cash flow in the TTM period. The operating cash flow to net income ratio suggests efficient cash generation relative to net income. Free cash flow growth is positive, showing better cash management. However, historical negative cash flows highlight ongoing liquidity challenges, and the company has relied on financing activities to support operations.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
4.11M	2.36M	1.00M	177.84K	3.46M
	Gross Profit
3.18M	-130.69K	-439.48K	-214.01K	2.27M
	EBIT
463.21K	-4.54M	-6.65M	-4.89M	-9.06M
	EBITDA
483.04K	-4.52M	-6.47M	-4.54M	-6.85M
	Net Income Common Stockholders
909.73K	-4.19M	-6.32M	-4.65M	-9.06M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
164.28K	244.46K	463.62K	1.52M	2.36M
	Total Assets
1.45M	917.56K	1.08M	2.15M	3.91M
	Total Debt
961.68K	1.50M	42.21K	57.11K	44.19K
	Net Debt
797.40K	1.26M	-421.41K	-1.46M	-2.32M
	Total Liabilities
2.13M	3.48M	1.50M	905.65K	1.37M
	Stockholders Equity
-680.69K	-2.56M	-420.31K	1.24M	2.54M
Cash Flow		Free Cash Flow
49.02K	-3.33M	-5.75M	-4.33M	-7.15M
	Operating Cash Flow
58.51K	-3.33M	-5.73M	-4.32M	-7.09M
	Investing Cash Flow
-9.49K	4.45K	131.48K	233.81K	2.99M
	Financing Cash Flow
-91.61K	3.06M	4.54M	3.15M	6.22M

Reklaim Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MYID, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MYID.

Reklaim Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$10.93B	10.46	-6.70%	2.99%	7.54%	-12.22%
MYID	58 Neutral	$9.44M	25.81	-79.02%	―	23.54%	-60.76%
KNR	58 Neutral	C$104.58M	11.79	138.78%	―	-41.96%	―
BLN	55 Neutral	C$557.83M	―	-14.10%	―	31.68%	67.90%
QST	43 Neutral	C$7.38M	―	-14.23%	―	-37.13%	32.21%

Reklaim Ltd Corporate Events

Reklaim Ltd. Achieves Record 2024 Financial Results with 24% Revenue Growth

Reklaim Ltd. announced record financial results for 2024, with a 24% increase in revenue to $5.08 million and a positive EBITDA of $831,250. The company’s strategic focus on diversifying revenue streams, particularly in its ‘Platform’ and ‘Deals’ segments, contributed to significant growth, with ‘Deals’ revenue surging by 233% year-over-year. Reklaim’s adaptability in the evolving data landscape and its commitment to consumer data privacy and compliance have positioned it well for future growth. The company also reported a substantial increase in operating cash flow and cash reserves, reflecting its financial strength and operational discipline.

Spark’s Take on TSE:MYID Stock

According to Spark, TipRanks’ AI Analyst, TSE:MYID is a Neutral.

Reklaim Ltd scores moderately due to its financial challenges, particularly in profitability and balance sheet stability. Positive technical indicators suggest potential stock appreciation, though high valuation metrics raise caution. Improvements in cash flow are positive signs, but financial sustainability remains a key concern.

To see Spark’s full report on TSE:MYID stock, click here.

Reklaim Ltd. Extends Debenture and Issues Shares to Beta Testers

Reklaim Ltd. announced the extension of the maturity date of a senior secured debenture held by CEO Neil Sweeney from February 2025 to February 2027, marking a related party transaction. Additionally, the company will issue 16,380 common shares to Canadian platform users who participated in beta testing, following TSXV approval.

Reklaim Ltd. Reduces Debt by 18% and Refinances Existing Debts

Reklaim Ltd. announced an 18% reduction in overall debt, highlighting its disciplined financial management and commitment to shareholder value. The company also completed a private placement of convertible debenture units worth $465,400, which refinances existing debt without creating new obligations, strengthening its financial position.