RIWI Corp (CSE: RIW) (OTC Pink: RWCRF) has been off to a spectacular start this year as the revenue for the first quarter in 2020 more than doubled as compared to the same quarter last year. However, despite the company benefitting tremendously from the COVID-19 pandemic, it has remained well under the radar.
RIWI Corp is a DAAS (data as a service) company with little or no competition in a growing market within the foreseeable future. In fact, their patented technology would offer protections until 2030. RIWI’s founder, Neil Seeman, came up with a new way to collect opinion data (think of surveys) called the RDIT (random domain intercept technology) while working as a researcher at the University of Toronto.
The RDIT was created for the global pandemic research and it is the only all-device technology capable of randomly intercepting anyone in the world as long as you have access to the internet. It does so by randomly intercepting internet users who typed in the wrong URL in the URL bar, ensuring that the dataset is unbiased because everyone has the same probability of typing in the wrong URL. Internet users who typed in the wrong URL will then be redirected to an inactive domain where a survey will be given and the users can either choose to do it or not do it.
This allows RIWI to collect extremely high-quality opinion data which has led to very accurate predictions. It predicted the Trump presidency in 2016 and because of that success, more and more major institutions have been looking into utilizing the company’s technology. This includes the likes of financial institutions such as Bank of America and the Bill and Melinda Gates Foundation.
RIWI Corp is in a really big market with a very unique offering. According to Grand View Research, The global predictive analytics market size was valued at $5.7 billion in 2018 and is likely to see a CAGR of 23.2% over the forecast period. While another research done by BIS research suggests that the global big data in the healthcare market is estimated to grow over $68.75 billion by the end of 2025.
Long Term Opportunity
It is a very rare occurrence for a nascent company such as RIWI Corp to see triple digits percentage revenue growth while maintaining profitability. Thus, it may not be a stretch to suggest that RIWI Corp may be a good investment for a long time to come.
Article By: Dennis Chan