RIWI Releases Q2 2025 Financials
RIWI Corp. (OTC: RWCRF) reported its Q2 2025 financial results, showing significant revenue growth but widening losses. The company achieved $1.49M in Q2 revenue, up 45.7% year-over-year, with twelve-month trailing revenue reaching a record $6.04M. However, RIWI recorded a net loss of $336,380, compared to a $108,826 loss in Q2 2024.
The company implemented a Cost Savings Plan targeting $600,000 in annual savings through headcount reductions and salary cuts. RIWI also secured a CAD $1M working capital loan at 12% interest from Pathfinder Asset Management, including a share bonus worth $200,000. The quarter saw the launch of two product enhancements: a self-service sample portal and an AI data generator.
RIWI Corp. (OTC: RWCRF) ha comunicato i risultati finanziari del secondo trimestre 2025, registrando una forte crescita dei ricavi ma perdite in aumento. I ricavi del trimestre sono stati di $1,49M, in crescita del 45,7% su base annua, con il fatturato trailing a dodici mesi che ha raggiunto un record di $6,04M. Nonostante la crescita, RIWI ha riportato una perdita netta di $336.380, rispetto a una perdita di $108.826 nel Q2 2024.
L鈥檃zienda ha avviato un Piano di Riduzione dei Costi volto a ottenere risparmi annui di $600.000 tramite tagli al personale e riduzioni salariali. RIWI ha inoltre ottenuto un prestito di capitale circolante di CAD $1M con interesse al 12% da Pathfinder Asset Management, comprensivo di un bonus azionario del valore di $200.000. Nel trimestre sono stati lanciati due miglioramenti di prodotto: un portale self-service per i campioni e un generatore di dati basato su AI.
RIWI Corp. (OTC: RWCRF) public贸 sus resultados del segundo trimestre de 2025, mostrando un fuerte crecimiento de ingresos pero p茅rdidas m谩s amplias. La compa帽铆a alcanz贸 $1,49M en ingresos en el Q2, un aumento del 45,7% interanual, y los ingresos acumulados de doce meses llegaron a un r茅cord de $6,04M. Sin embargo, RIWI registr贸 una p茅rdida neta de $336.380, frente a una p茅rdida de $108.826 en el Q2 de 2024.
La empresa puso en marcha un Plan de Ahorro de Costes dirigido a generar $600.000 en ahorros anuales mediante reducciones de plantilla y recortes salariales. RIWI tambi茅n consigui贸 un pr茅stamo de capital de trabajo de CAD $1M al 12% de inter茅s de Pathfinder Asset Management, que incluye una bonificaci贸n en acciones valorada en $200.000. En el trimestre se lanzaron dos mejoras de producto: un portal de muestreo autoservicio y un generador de datos con IA.
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須岇偓電� 鞚戈贝牍� 臧愳稌瓿� 旮夓棳 靷皭鞚� 韱淀暣 鞐瓣皠 $600,000鞚� 鞝堦皭 氇╉憸毳� 霊� 牍勳毄 鞝堦皭 瓿勴殟鞚� 鞁滍枆頄堨姷雼堧嫟. 霕愴暅 RIWI電� Pathfinder Asset Management搿滊秬韯� 鞐� 12% 鞚挫瀽鞙潣 CAD $1M 鞖挫榿 鞛愱笀 雽�於�鞚� 頇曤炒頄堨溂氅�, $200,000 靸侂嫻鞚� 欤检嫕 氤措剤鞀り皜 韽暔霅橃柎 鞛堨姷雼堧嫟. 頃措嫻 攵勱赴鞐愲姅 靺�頂勳劀牍勳姢 靸橅攲 韽劯瓿� AI 旮半皹 雿办澊韯� 靸濎劚旮半澕電� 霊� 臧�歆� 鞝滍拡 臧滌劆鞚� 於滌嫓霅橃棃鞀惦媹雼�.
RIWI Corp. (OTC: RWCRF) a publi茅 ses r茅sultats du T2 2025, montrant une forte croissance du chiffre d鈥檃ffaires mais des pertes en hausse. La soci茅t茅 a r茅alis茅 $1,49M de revenus au T2, en hausse de 45,7% sur un an, et le chiffre d鈥檃ffaires trailing sur douze mois a atteint un record de $6,04M. Cependant, RIWI a enregistr茅 une perte nette de $336,380, contre une perte de $108,826 au T2 2024.
L鈥檈ntreprise a mis en 艙uvre un plan d鈥櫭ヽonomies visant 脿 r茅aliser $600,000 d鈥櫭ヽonomies annuelles via des r茅ductions d鈥檈ffectifs et de salaires. RIWI a 茅galement obtenu un pr锚t de fonds de roulement de CAD $1M 脿 12% d鈥檌nt茅r锚t aupr猫s de Pathfinder Asset Management, incluant une prime en actions d鈥檜ne valeur de $200,000. Le trimestre a vu le lancement de deux am茅liorations produit : un portail d鈥櫭ヽhantillons en libre-service et un g茅n茅rateur de donn茅es IA.
RIWI Corp. (OTC: RWCRF) meldete die Finanzergebnisse f眉r Q2 2025: deutliche Umsatzsteigerungen, aber wachsende Verluste. Das Unternehmen erzielte im Quartal $1,49M Umsatz, ein Plus von 45,7% gegen眉ber dem Vorjahr; der zw枚lfmonatige Umsatz erreichte einen Rekord von $6,04M. Dennoch wies RIWI einen Nettoverlust von $336.380 aus, nach einem Verlust von $108.826 im Q2 2024.
RIWI setzte einen Kostensenkungsplan um, der durch Stellenk眉rzungen und Gehaltsk眉rzungen j盲hrliche Einsparungen von $600.000 anstrebt. Zudem sicherte sich das Unternehmen ein CAD $1M Betriebskapital-Darlehen zu 12% Zinsen von Pathfinder Asset Management, inklusive eines Aktienbonus im Wert von $200.000. Im Quartal wurden zwei Produktverbesserungen eingef眉hrt: ein Self-Service-Probenportal und ein KI-basierter Datengenerator.
- None.
- Net loss widened to $336,380 from $108,826 in Q2 2024
- Operating loss increased to $291,248 from $96,269 year-over-year
- Cash position decreased to $387,691 from $1.85M at end of 2024
- High-interest loan terms at 12% with 20% share bonus indicating challenging financing conditions
Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the "Company" or "RIWI"), a market research platform, global trend-tracking and prediction technology firm, reported its financial results for the three and six months ended June 30, 2025. All figures are reported in U.S. dollars unless otherwise indicated. RIWI's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").
RIWI Highlights for the quarter ended June 30, 2025 - in US Dollars:
- RIWI reported
$1,495,370 USD in revenues in the quarter ending June 30, 2025, up45.7% from$1,026,112 in Q2 2024. Revenue consisted of$868,718 in transaction revenue,$387,103 in recurring revenue and$239,549 in project-based revenue. Twelve-month trailing revenue reached a record$6,039,778 as of quarter-end. The Company recorded a net loss of$336,380 and an operating loss of$291,248 for the period as compared to a net loss of$108,826 and an operating loss of$96,269 for the quarter ending June 30, 2024. - In early August 2025, RIWI initiated a cost savings plan ("Cost Savings Plan") in order to streamline sales and operations and focus on profitability. The Cost Savings Plan is expected to result in an annual cost savings to the business of approximately
$600,000 and is expected to begin to impact RIWI's financials in the third quarter of 2025. The Company is expected to experience the full impact of this plan in the fourth quarter of 2025. - RIWI signed 32 customer contracts in the three months ended June 30, 2025, including 9 new RIWI customers, reflecting continued demand across its solutions.
- In the second quarter of 2025, RIWI released two new significant product enhancements. The first is a self-service sample portal enabling customers to check project feasibility of consumer-based sample themselves and if desired, purchase the sample, generate the survey redirect links and launch their project, all without the need for RIWI professional services. This platform is meant to grow the demand for RIWI sample and help corporate researchers accelerate their research. The second enhancement is the RIWI synthetic AI data generator which will help researchers access data based on real human personas that are statistically robust and privacy-preserving, at a fraction of the cost of real respondents.
- Subsequent to the second quarter of 2025, RIWI has also reached an agreement with Pathfinder Asset Management Limited (the "Lender"), an insider that beneficially owns or controls more than
10% of the issued and outstanding shares of the Company, to obtain a$1,000,000 CAD working capital loan (the "Loan"). The Loan will have a term of two (2) years, will accrue interest at the rate of12% per annum, with interest payable semi-annually and principal due at the end of the term. The Company will also pay a loan bonus to the Lender in common shares in the capital of the Company, in an amount equal to20% of the value of the loan or$200,000 , at a deemed price per share of$0.50 , for an aggregate of 400,000 RIWI shares. The transaction is subject to the approval of the TSX Venture Exchange. The net proceeds of the Loan will be used for working capital management, general corporate purposes and will support the continued growth of RIWI and its focus on profitability. - RIWI continued to invest in building its brand by attending the Insights Innovation Exchange (IIEX) event in Europe and exhibited at Quirk's Event for Marketing Research & Insights Professionals in New York City in the second quarter of 2025. These events, along with RIWI's marketing campaigns, continue to aid RIWI to gain market visibility and acceptance for its research and sample solutions that are differentiated in the market.
- "With record 12-month trailing revenue, disciplined cost actions, expanding customer adoption, and targeted product enhancements, RIWI is positioning for sustained growth with improving operating efficiency," said Greg Wong, Chief Executive Officer of RIWI.
| RIWI CORP. | ||||||||||||
| Condensed Consolidated Interim Statements of Loss and Comprehensive Loss | ||||||||||||
| For the three and six months ended June 30, 2025 and 2024 | ||||||||||||
| (Unaudited and expressed in U.S. dollars) | ||||||||||||
| Three months ended | Six months ended | |||||||||||
| June 30 | June 30 | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Revenues (Note 8) | $ | 1,495,370 | $ | 1,026,112 | $ | 3,063,640 | $ | 2,161,959 | ||||
| Operating expenses | ||||||||||||
| General and administrative (Note 9) | 381,816 | 302,984 | 860,965 | 691,738 | ||||||||
| Operations (Note 9) | 1,063,861 | 530,605 | 2,104,745 | 1,036,091 | ||||||||
| Technology costs (Note 9) | 159,460 | 109,197 | 333,958 | 215,915 | ||||||||
| Sales and marketing (Note 9) | 181,481 | 179,595 | 376,480 | 316,720 | ||||||||
| Total operating expenses | 1,786,618 | 1,122,381 | 3,676,148 | 2,260,464 | ||||||||
| Operating loss before other income | (291,248 | ) | (96,269 | ) | (612,508 | ) | (98,505 | ) | ||||
| Other income/(expense) | ||||||||||||
| Interest income | 2,244 | 22,297 | 3,564 | 51,620 | ||||||||
| Interest expense | (32,630 | ) | - | (63,370 | ) | - | ||||||
| Other expenses | (30,713 | ) | (34,854 | ) | (41,765 | ) | (34,854 | ) | ||||
| Total other income | (61,099 | ) | (12,557 | ) | (101,571 | ) | 16,766 | |||||
| Net income (loss) before income taxes | (352,347 | ) | (108,826 | ) | (714,079 | ) | (81,739 | ) | ||||
| Income tax recovery/(expense) | 15,967 | - | 31,934 | - | ||||||||
| Net income (loss) and comprehensive income (loss) for the period | $ | (336,380 | ) | $ | (108,826 | ) | $ | (682,145 | ) | $ | (81,739 | ) |
| Net income (loss) per share | ||||||||||||
| Basic and diluted | $ | (0.02 | ) | $ | (0.01 | ) | $ | (0.04 | ) | $ | (0.00 | ) |
| Weighted average number of common shares outstanding | ||||||||||||
| Basic and diluted | 18,004,428 | 18,004,428 | 18,004,428 | 18,004,428 | ||||||||
| RIWI CORP. | ||||||
| Condensed Consolidated Interim Statements of Financial Position | ||||||
| As at June 30, 2025 and December 31, 2024 | ||||||
| (Unaudited and expressed in U.S. dollars) | ||||||
| June 30, 2025 | December 31, 2024 | |||||
| Assets | ||||||
| Current assets | ||||||
| Cash | $ | 387,691 | $ | 1,845,224 | ||
| Accounts receivable (Note 11(a)) | 1,414,232 | 1,636,810 | ||||
| Unbilled revenue (Note 8(b)) | 66,118 | 112,069 | ||||
| Contract costs | 15,233 | 38,082 | ||||
| Prepaid expenses and other assets | 101,323 | 128,921 | ||||
| Total current assets | 1,984,597 | 3,761,106 | ||||
| Property and equipment | 19,595 | 24,652 | ||||
| Intangible assets (Note 5) | 1,325,973 | 1,496,485 | ||||
| Goodwill (Note 5) | 1,047,092 | 1,047,092 | ||||
| Total assets | $ | 4,377,257 | $ | 6,329,335 | ||
| Liabilities | ||||||
| Current liabilities | ||||||
| Accounts payable and accrued liabilities | $ | 920,015 | $ | 1,179,152 | ||
| Acquisition holdbacks payable | 214,989 | 775,991 | ||||
| Deferred revenue (Note 8(b)) | 491,880 | 1,092,815 | ||||
| Notes payable (Note 6) | 168,703 | 58,073 | ||||
| Total current liabilities | 1,795,587 | 3,106,031 | ||||
| Long-term liabilities | ||||||
| Long-term portion of notes payable (Note 6) | 977,644 | 967,473 | ||||
| Deferred tax liability | 183,337 | 215,270 | ||||
| Total liabilities | 2,956,568 | 4,288,774 | ||||
| Shareholders' equity | ||||||
| Share capital (Note 7) | 4,940,930 | 4,940,930 | ||||
| Contributed surplus (Note 7) | 3,052,498 | 2,990,225 | ||||
| Accumulated deficit | (6,572,739 | ) | (5,890,594 | ) | ||
| Total shareholders' equity | 1,420,689 | 2,040,561 | ||||
| Total liabilities and shareholders' equity | $ | 4,377,257 | $ | 6,329,335 | ||
As noted in the highlights above, RIWI has enacted the Cost Savings Plan in an effort to improve liquidity to support working capital needs and any other general corporate needs of the business. These cost saving steps that the Company has enacted includes headcount reductions, additional synergies from technology consolidations and salary reductions for all of the higher paid employees, including all C-suite members.
Subsequent to the second quarter of 2025, RIWI has also reached an agreement with Pathfinder Asset Management Limited, an insider shareholder of the Company, to obtain a
About RIWI
RIWI is a market research platform and global trend-tracking and prediction technology firm. On a monthly or annual subscription basis, RIWI offers its clients tracking surveys, continuous risk monitoring, predictive analytics and ad effectiveness tests in all countries.
RIWI CORP.
Signed: "Greg Wong"
Greg Wong, Chief Executive Officer
For more information, please contact [email protected] or call 1-833-FOR-RIWI (367-7494)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION:
Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company's expectations or beliefs regarding future events. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.
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FAQ
What was RIWI's (RWCRF) revenue growth in Q2 2025?
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What was RIWI's net loss in Q2 2025?
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