EXHIBIT 99.01

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SRAX Reports Vertical Sales Growth of 132% for Q119

- BIGtoken Registered User Growth Fuels Monetization of Data -


LOS ANGELES, May 15, 2019 - Social Reality, Inc. (Nasdaq:

SRAX), a digital marketing and consumer data management and distribution technology platform company, reported results for the three months ended March 31, 2019.


“We continue to build valuable data sets that benefit our customers across all our businesses,” stated SRAX's CEO and Founder Christopher Miglino. “Our BIGtoken platform is poised to take advantage of the recent exponential growth to 15.6 million registered users, as we begin to monetize data. Strategic agency partners and several large, internationally known consumer brands are interested in leveraging our BIGtoken data for digital advertising and for innovative opportunities.  Further, there is a growing trend of cross pollination between BIGtoken and our verticals, which are serving as sales channels for the data collected through BIG.


“Our verticals grew 132% for the first quarter of 2019 as compared to last year, reflecting our increased sales resources. Combined with our strong sales pipeline, we expect significant revenue growth in the second half of the year,” concluded Miglino.


First Quarter 2019 Key Metrics


Increased sales infrastructure grew Q1 2019 vertical revenue 132% compared to Q1 2018.


Revenue

Three Months Ended March 31,

 

 

$ in 000s

2019

    

2018

    

Y-o-Y% Change

Verticals Revenue

$

592

 

$

255

 

132%

SRAXmd & Other Revenue

 

-

 

 

1,856

 

-100%

Total Revenue

$

592

 

$

2,111

 

-72%


Q1 2019 net loss of $5.8 million included a charge of $2.0 million related to non-cash warrant valuation.  Q1 2018 net income $11,000 included a benefit of $3.7 million related to non-cash warrant valuation as well as operations from SRAXmd and Reach, which were sold or discontinued, respectively.


GAAP Net Income / (Loss)

 

For the Three Months Ended March 31,

$ in 000s

 

2019

 

2018
As Restated

GAAP Net Income / (Loss)

 

$

(5,785)

   

$

11

 

Adjusted EBITDA

 

For the Three Months Ended March 31,

$ in 000s

 

2019

 

2018

Total

 

$

(3,841)

 

$

(2,464)

BIGtoken

 

 

(695)

 

 

(294)

Discontinued Products

 

 

-  

 

 

350

Continuing Ops.

 

$

(3,146)

 

$

(2,515)




The following information was filed by Social Reality, Inc. (SRAX) on Thursday, May 16, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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