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EQ Works – Data Revenue Increases 12% Year-over-Year as EQ Forecasts 60% Revenue Growth Next Quarter as Retail Reopens
14-page Update Equity Research Reports on EQ’s Q1/2021 financial results. EQ’s data solutions revenue, recently its fastest-growing segment, increased 12% year-over-year to $0.48 million in Q1/2021. Due to seasonality & COVID-19 impacts, overall revenue for Q1/2021 was $1.75 million, down from $2.20 million in Q1/2020 but slightly higher than our estimate of $1.70 million. [more]
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Canadian Predictive Analytics Firm RIWI Determines U.S. Joblessness is Worse than What’s Being Reported
According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]
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EQ Works – Data Revenue Surges by 81% in Quarter as Advertising Revenue Recovers from COVID-19 Hit
Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]