ASX Suspends My Rewards Trading
Trading halted for ASX-listed My Rewards amid loyalty breaches, reporting a $22m revenue and $5m loss last fiscal year.
October 5, 2023
Simon Rowles
Founder, CEO
Trading Suspended for ASX Listed Company My Rewards
My Rewards, an ASX-listed loyalty provider, has had its trading suspended. The company boasts over two decades of experience in the loyalty program sector and services a substantial customer base totaling 4.6 million users.
Recent concerns have been raised following security breaches, particularly affecting loyalty programs run by The Good Guys and Telstra's employee incentives. Despite these challenges, My Rewards posted a revenue of $22 million in the last financial year. However, they also faced a significant financial loss amounting to $5 million.
