SRAX Announces Full Year and Q1 2022 Revenue Guidance

  • Transaction Banking
  • 10.01.2022 04:00 pm
  • Full Year 2022 guidance of $46-48M, an increase of 46% - 52% over 2021 unaudited revenue of approximately $31.5M.
  • Q1 2022 guidance of $11.5M, a 111% Increase over Q1 2021 revenue.
  • Q4 2021 booking meets expectations.

SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, today, announced revenue guidance for 2022.

The Company expects revenues of $11.5 million for the first quarter and full-year revenues of $46M - $48M. Last year the Sequire platform grew both in subscribers and functionality, leading to significant revenue growth and customer renewals. This year Sequire has a number of significant releases that will continue to add to the value of the platform.

“Our team did excellent work in 2021, meeting and exceeding our guidance. The nature of our annual contracts provides us exceptional visibility into revenue,” said Christopher Miglino, Founder and CEO of SRAX. “We are projecting that we will have our largest quarter ever in Q1 of 2022. With an acceleration in sales at the end of Q4, we are very comfortable in providing a full-year, 2022 guidance of $46-$48M,” added Miglino.

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