RIWI Corp. announced that it has signed a new contract to provide survey technology services and automated data analytics for an international research organization. The contract value to RIWI is CAD 1.37 million for the first 12 months, and the client has two option renewal years, for a total potential contract size of CAD 4.11 million.

A Director of the Company will be paid a finder's fee in the amount of 5% of the contract value. Recurring revenue is revenue where a customer subscribes to either the RIWI platform or to one of its data products or services. Transactional revenue refers to RIWI revenue arising from matching survey respondents to an active survey commissioned on one of the global research marketplaces or to a direct end customer and the respondent completes the survey.

Project-based revenue is where customers purchase RIWI data to run a specific survey or digital message test in one or more countries.