- RIWI Corp. (RIWI) has signed a 12-month $1M contract to conduct surveys and automated data analytics on behalf of an information technology consortium
- Long-term revenues help RIWI invest in new data product innovations
- RIWI is a global trend-tracking and prediction technology firm
- RIWI Corp. (RIWI) opened trading at C$0.80
RIWI Corp. (RIWI) has signed a new contract to conduct surveys and automated data analytics on behalf of an information technology consortium.
The total value of the contract is $1 million for work conducted over a period of 12 months.
“This new contract is a testament to our commitment to customer service excellence, continuous improvement, and ongoing innovation to meet the evolving data needs of our clients,” said Greg Wong, RIWI’s Chief Executive Officer.
“Long-term revenues of this kind help RIWI to invest in new data product innovations that help us scale through a healthy mix of project-based revenues, recurring revenues – and transactional revenues,” Mr. Wong added.
Transactional revenue refers to the revenue arising from the company’s recent acquisition of Research on Mobile (ROM). Project-based revenue is generated when customers purchase RIWI data to do a specific survey or digital message test in one or more countries. Recurring revenue is revenue where a customer subscribes to either the RIWI platform or to one of its data products, such as the Compass data series.
RIWI is a global trend-tracking and prediction technology firm which offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad tracking worldwide.
RIWI Corp. (RIWI) opened trading at C$0.68.
