QualityStocksNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces Preliminary Revenue Results
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights to publicly traded companies through its software-as-a-service (“SaaS”) platform, Sequire, has announced unaudited preliminary revenue results for Q4 and fiscal year 2020. According to the update, the company surpassed its guidance for the three months ended December 31, 2020, and expects to report net revenue of approximately $4.5 million. In addition, SRAX expects a 320% year-over-year revenue increase and 75% increase from Q3 2020, exceeding analyst expectations. “We continued to see significant demand for our Sequire platform in Q4 and this growth has continued into the first month…