Private company
SRAX, Inc.
SRAX, Inc. is an American advertising agencies services company based in Westlake Village.1
Last updated Oct 21, 2026.
Overview
- IndustryServices-Advertising Agencies1
- HeadquartersWestlake Village, California1
- Incorporated inDE2
- Business address1014 S. Westlake Blvd., Suite 14-299, Westlake Village, Ca 913612
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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A Stock, or an aggregate of 36,462,417 shares of Series A Stock effective as of December 23, 2021, the date such Putative Issuance occurred.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue34¢$9.4M
- Other costs66¢$18.4M
Out of $27.9M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $35.8M5 | $23.3M6 | $9.9M7 | $3.6M8 | $6.5M9 | $26.7M4 | $27.9M4 |
| Cost of revenue | $23.2M5 | $9.3M6 | $3.2M7 | $1.7M8 | $1.8M9 | $6.5M4 | $9.4M4 |
| Gross profit | $12.5M5 | $14.0M6 | $6.7M7 | $1.9M8 | $6.1M8 | ||
| Selling, general and admin | $16.6M5 | $17.0M6 | $6.4M7 | $5.8M8 | $4.1M8 | ||
| Operating expenses | $26.8M4 | $23.9M4 | |||||
| Operating income | -$4.8M5 | -$3.8M6 | -$11.7M7 | -$17.9M8 | -$7.0M9 | -$85.0K4 | $4.0M4 |
| Interest | $3.2M5 | $3.9M6 | $3.1M6 | ||||
| Income before tax | -$16.3M4 | -$31.6M4 | |||||
| Income tax | $21.0K9 | -$127.0K4 | |||||
| Net income | -$4.2M5 | -$13.0M6 | $8.7M7 | -$16.9M8 | -$14.7M9 | -$34.8M4 | -$31.6M4 |
| Earnings per share | -$1.586 | $0.866 | -$1.019 | -$1.754 | -$1.214 | ||
| Earnings per share (diluted) | -$1.586 | $0.866 | -$1.754 | -$1.214 | |||
| Shares (weighted, basic) | 23.6M shares4 | 26.2M shares4 | |||||
| Shares (weighted, diluted) | 23.6M shares4 | 26.2M shares4 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $1.0M6 | $1.0M6 | $2.8M7 | $32.0K8 | $450.0K9 | $1.3M4 | $7.0K4 |
| Receivables | $821.0K4 | $157.0K4 | |||||
| Current assets | $9.8M5 | $6.1M6 | $5.5M7 | $1.9M8 | $11.9M9 | $23.0M4 | $8.9M4 |
| Property, plant and equipment | $114.0K4 | $59.0K4 | |||||
| Goodwill | $17.9M4 | $7.7M4 | |||||
| Intangible assets | $1.4M4 | ||||||
| Total assets | $26.9M5 | $23.6M6 | $23.1M7 | $20.2M8 | $39.0M9 | $43.7M4 | $18.1M4 |
| Accounts payable | $1.9M4 | $7.5M4 | |||||
| Current liabilities | $18.1M5 | $16.2M6 | $9.0M7 | $7.4M8 | $19.0M9 | $22.8M4 | $21.7M4 |
| Long-term debt | $3.4M5 | $6.8M6 | $7.4M4 | ||||
| Long-term liabilities | $114.0K4 | $5.6M4 | |||||
| Total liabilities | $18.1M5 | $17.7M6 | $9.0M7 | $7.7M8 | $19.8M9 | $22.9M4 | $27.3M4 |
| Retained earnings | -$30.4M4 | -$62.0M4 | |||||
| Shareholders’ equity | $8.8M6 | $5.9M7 | $14.1M8 | $12.5M9 | $19.2M4 | $20.7M4 | -$9.2M4 |
| Shares outstanding | 30.0M shares12 | 8.0M shares13 | 10.1M shares5 | 14.0M shares8 | 16.1M shares9 | 26.0M shares9 | 26.3M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.3M5 | -$4.4M6 | -$13.7M7 | -$15.3M8 | -$13.5M9 | -$23.4M4 | -$12.3M4 |
| Depreciation and amortization | $842.0K4 | $417.0K4 | |||||
| Stock-based compensation | $1.0M4 | -$156.0K4 | |||||
| Capital spending | $69.0K4 | $53.0K4 | |||||
| Free cash flow | -$23.5M | -$12.4M | |||||
| Cash from investing | $4.8M4 | $6.2M4 | |||||
| Share buybacks | $793.0K4 | ||||||
| Cash from financing | $20.2M4 | $4.8M4 |
Corporate structure
SRAX, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SRAX, Inc.
- CONTINENTAL GENERAL INSURANCE CO Filed SCHEDULE 13G/A on SRAX, Inc., latest Nov 13, 2025 (3 filings since Feb 10, 2023)
- Bank of America Filed SC 13G/A on SRAX, Inc., latest Feb 13, 2024 (2 filings since Feb 14, 2023)
- Whitefort Capital Master Fund, LP Filed SC 13G/A on SRAX, Inc., latest Feb 14, 2023 (2 filings since Feb 3, 2022)
- Hudson Bay Capital Management LP Filed SC 13G/A on SRAX, Inc., latest Feb 4, 2022
- Percy Rockdale LLC Filed SC 13G/A on SRAX, Inc., latest Feb 4, 2022 (2 filings since Oct 8, 2021)
- SRAX, Inc. Westlake Village, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
Leadership
Who has led SRAX, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerChristopher Miglino Oct 8, 2013 to Dec 28, 202314
- PresidentRichard Steel Nov 6, 2014 to Feb 1, 201615
- Chief financial officerAlan Louis Urban Mar 22, 2023 to Mar 22, 202316
- Chief financial officerRahul Thumati Apr 14, 2016 to Apr 14, 201617
- Chief financial officerJoseph Patrick Hannan Oct 20, 2016 to Sep 28, 201818
- Chief financial officerCarrie E. McQueen Nov 10, 2014 to Nov 10, 201419
- Chief operating officerKristoffer E. Nelson Oct 21, 2016 to Apr 19, 201820
Board members and other officers (17)
- Pres., LD Micro (Subsidiary)Behzad Christopher Lahiji Jan 12, 2021 to Jan 12, 202121
- Chief Revenue OfficerChad Holsinger Nov 10, 2014 to Nov 10, 201422
- OfficerChristopher Miglino Jul 19, 2013 to Jul 19, 201323
- Chief Marketing OfficerErin Deruggiero Jul 19, 2013 to Jan 5, 201624
- EVP - Revenues and OperationsKristoffer E. Nelson Dec 16, 2013 to Dec 16, 201325
- Board memberBehzad Christopher Lahiji Jan 12, 2021 to Jan 12, 202121
- Board memberColleen Diclaudio Apr 27, 2018 to Jan 5, 202226
- Board memberDerek James Ferguson Feb 2, 2017 to Feb 2, 201727
- Board memberRodney J. Dillman Feb 24, 2016 to Aug 17, 201628
- Board memberMalcolm Westley Casselle Mar 2, 2016 to Apr 17, 202029
- Board memberAnthony Packer Aug 31, 2016 to Aug 31, 201630
- Board memberKristoffer E. Nelson Oct 21, 2016 to Apr 19, 201820
- Board memberMartin A. Sumichrast Jan 27, 2015 to Mar 21, 201631
- Board memberMarc Savas Mar 20, 2014 to Jan 5, 202232
- Board memberRichard Steel Nov 6, 2014 to Feb 1, 201615
- Board memberChristopher Miglino Jul 19, 2013 to Dec 28, 202323
- Board memberErin Deruggiero Jul 19, 2013 to Jan 5, 201624
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- May 13, 20248-K Entered a material agreement; Other events34
- Apr 3, 20248-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated35
- Apr 2, 20248-K Bylaws or fiscal year changed36
- Mar 6, 20248-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated37
- Nov 6, 20238-K Entered a material agreement; New debt or obligation; Debt or obligation accelerated38
- Sep 19, 20238-K Entered a material agreement39
- Sep 8, 20238-K Executive or director change40
- Jul 17, 20238-K Executive or director change; Regulation FD disclosure41
- Jul 7, 20238-K Executive or director change42
- May 8, 20238-K Change of auditor; Other events43
- Mar 21, 20238-K Executive or director change; Regulation FD disclosure44
- Mar 8, 20238-K Listing notice or transfer; Other events45
- Oct 8, 2013New chief executive Christopher Miglino becomes CEO14
Calendar
When it reported results
- Jan 4, 2023Reported quarterly or annual results46
- Jun 7, 2022Reported quarterly or annual results47
- Nov 16, 2021Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
64 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 29 major events, 8 insider forms, 10 large holders, 1 private raises, 8 other. The latest 20:
- Nov 13, 2025SCHEDULE 13G/A EDGAR
- Apr 30, 202510-Q EDGAR
- Mar 7, 202510-Q EDGAR
- Sep 20, 202410-K EDGAR
- May 13, 20248-K EDGAR
- Apr 3, 20248-K EDGAR
- Apr 2, 20248-K EDGAR
- Mar 6, 20248-K EDGAR
- Feb 14, 2024SC 13G/A AMENDMENT NO. 3 TO THE SCHEDULE 13G EDGAR
- Feb 13, 2024SC 13G/A EDGAR
- Dec 28, 20234 EDGAR
- Nov 6, 20238-K EDGAR
- Oct 31, 202310-Q EDGAR
- Sep 19, 20238-K EDGAR
- Sep 8, 20238-K EDGAR
- Aug 28, 202310-Q EDGAR
- Jul 17, 20238-K EDGAR
- Jul 7, 20238-K EDGAR
- May 8, 20238-K EDGAR
- Mar 22, 20234 EDGAR
The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 26, 2023 | MIGLINO CHRISTOPHERChief Executive Officer | Buy | 15,000 | $0.05 | $750 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CONTINENTAL GENERAL INSURANCE COSCHEDULE 13G/A, 3 filings Feb 10, 2023 to Nov 13, 202549
- Bank of AmericaSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202450
- Whitefort Capital Master Fund, LPSC 13G/A, 2 filings Feb 3, 2022 to Feb 14, 202351
- Hudson Bay Capital Management LPSC 13G/A, 1 filing Feb 4, 202252
- Percy Rockdale LLCSC 13G/A, 2 filings Oct 8, 2021 to Feb 4, 202253
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $9.4M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2022 | $9.4M | $9.4M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How SRAX, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSRAX, Inc.1
- CIK0001538217
- Employer ID (EIN)45-29252311
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)7311 Services-Advertising Agencies1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address1014 S. Westlake Blvd., Suite 14-299, Westlake Village, CA 913611
- Phone323-694-98001
- Shares outstanding29,438,262 as of Mar 31, 202511
- On EDGAR sinceJan 24, 20121
- Filings471 in all: 8-K (152), 4 (56), 10-Q (34), CORRESP (22), 3 (21), UPLOAD (20), D (15), EFFECT (15)1
All 41 form types
424B3 (13), 10-K (11), SC 13G (11), S-3 (10), S-3/A (10), SC 13G/A (10), DEF 14A (8), 10-Q/A (6), 8-K/A (6), 424B5 (5), S-1 (5), S-1/A (5), NT 10-Q (4), 10-K/A (3), D/A (3), PRE 14A (3), SC 13D/A (3), 4/A (2), DEFA14A (2), NT 10-K (2), SC 13D (2), 25-NSE (1), 5 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), CERTNAS (1), DEF 14C (1), POS AM (1), PRE 14C (1), S-8 (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Sep 20, 2024
Quarterly report (10-Q) Apr 30, 2025
Proxy statement (DEF 14A) Dec 1, 2022
Latest 8-K (8-K) May 13, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSRAX, Inc. filings on SEC EDGAR
- 2SEC EDGARSRAX, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARSRAX, Inc. 10-K for fiscal 2022
- 5SEC EDGARSRAX, Inc. 10-K for fiscal 2016
- 6SEC EDGARSRAX, Inc. 10-K for fiscal 2017
- 7SEC EDGARSRAX, Inc. 10-K for fiscal 2018
- 8SEC EDGARSRAX, Inc. 10-K for fiscal 2019
- 9SEC EDGARSRAX, Inc. 10-K for fiscal 2020
- 10SEC EDGARSRAX, Inc. 10-Q for fiscal 2023
- 11SEC EDGARSRAX, Inc. 10-Q for fiscal 2023
- 12SEC EDGARSRAX, Inc. 10-K for fiscal 2016
- 13SEC EDGARSRAX, Inc. 10-K for fiscal 2017
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- 15SEC EDGARRichard Steel, President
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- 23SEC EDGARChristopher Miglino, Officer
- 24
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- 26SEC EDGARColleen Diclaudio, Board member
- 27SEC EDGARDerek James Ferguson, Board member
- 28SEC EDGARRodney J. Dillman, Board member
- 29
- 30SEC EDGARAnthony Packer, Board member
- 31SEC EDGARMartin A. Sumichrast, Board member
- 32SEC EDGARMarc Savas, Board member
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- 36SEC EDGARBylaws or fiscal year changed
- 37
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- 39SEC EDGAREntered a material agreement
- 40SEC EDGARExecutive or director change
- 41
- 42SEC EDGARExecutive or director change
- 43SEC EDGARChange of auditor; Other events
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