SRAX Inc. (NASDAQ: SRAX) Innovative Initiatives Lead to Sales Rebound Despite Bleak Economic Environment

• SRAX held its FY2019 and Q1 FY2020 results conference call on May 4, 2020
• The company reported year-over-year revenue growth of 3% for FY2019
• SRAX Q2 revenues staged recovery despite COVID-19 woes due to innovative Stock for Ads program
• The company also saw increased traffic on, demand for BIGtoken platform as well as rebranded Sequire investor relations tool, both of which have witnessed strong uptick in sales in recent weeks

SRAX Inc. (NASDAQ: SRAX), a digital marketing company focused on providing consumer data-management services, recently held its FY2019 and Q12020 results conference call (http://nnw.fm/JRe52). Despite unprecedented business challenges presented worldwide by COVID-19, the company was able to report strong results due to its product suite being ideally positioned to capitalize on the global shift to a fully digital economy in early 2020.

SRAX’s fiscal 2019 revenues of $3.6 million showed a 3% year-to-year increase while Q1 2020 sales fell to $350 thousand relative to the $592 thousand recorded in 2019, the latter decline largely a result of customers opting to defer their media spend to the second quarter. While first quarter revenues tend to mark the…

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