Brief: SRAX Reports Q4 2019 Revenue Growth Of 3% Year-Over-Year And Full Year 2019 Continuing Product Revenue Growth Of 19%

SRAX

04/05/2020 13:17

May 4 (Reuters) - SRAX Inc  SRAX.O :
    * SRAX REPORTS Q4 2019 REVENUE GROWTH OF 3% YEAR-OVER-YEAR
AND
FULL YEAR 2019 CONTINUING PRODUCT REVENUE GROWTH OF 19%
    * Q4 REVENUE $1.1 MILLION
    * IN MARCH, IMPLEMENTED COST SAVING MEASURES AND ELIMINATED
OVER
$3M IN ANNUALIZED EXPENSES
    * HAS ALSO IDENTIFIED ANOTHER $600K COST SAVING MEASURES AND
IS
WORKING TO IMPLEMENT THOSE SAVINGS IN COMING MONTH
    * SAW A DECLINE IN MARCH IN MEDIA BUSINESS, WITH CLIENTS
PUSHING
THEIR SPEND TO Q2, THUS SEEING A STRONG BEGINNING TO Q2

Source text for Eikon:  ID:nBw8c53Tha 
Further company coverage:  SRAX.O 

 ((Reuters.Briefs@thomsonreuters.com;))