Pick of The Week

SRAX Inc.
(NASDAQ: SRAX)

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.

Investment Considerations:

• 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