Interim Report 1 January 2019 - 30 September 2019
20 November 2019
Risk Intelligence A/S (“Risk Intelligence” or the “Company") hereby publishes the Interim Report for the period January 2019 - September 2019. The report is available on the Company’s website (www.riskintelligence.eu).
Total revenue increased 43% in Q1-Q3 2019 to 9,425 TDKK compared to Q1-Q3 2018 (TDKK 6,586). Renewal rate was 100% for the period. As communicated and due to the planned investments and initiatives in growth, EBITDA will not become positive until 2020. As per our press release of 23 September Risk Intelligence is also fully funded.
CEO Hans Tino Hansen says: “During third quarter of 2019 focus has been on meeting the most important goals set out at the IPO in 2018, finishing the development and launch of LandRisk and furthermore the opening of our office in Singapore. Our Growth Plan to double our existing maritime market revenue from 2017 by 2020 continues and we are seeing strong signals that we are following our plan. We are showing our ability to meet the target set in the Growth Plan, which is directly related to the investments and initiatives that have been launched since early 2018. I am very pleased to see that this is reflected in Risk Intelligence’s top line.”
Reporting period Q1-Q3: January 2019 – September 2019
Revenue: TDKK 9,425 (6,586) +43%
Earnings before interest, taxes, depreciation and amortization (EBITDA): TDKK –7,057 (-4,734)
Earnings before taxes (EBT): TDKK -8,223 (-5,504)
Profit/loss for the period: TDKK -6,414 (-4,293)
Earnings per share: DKK -0.76 (-0.56)
Reporting period Q3: July 2019 – September 2019
Revenue: TDKK 3,522 (2,901) +21%
Earnings before interest, taxes, depreciation and amortization (EBITDA): TDKK -1,902 (-1,430)
Earnings before taxes (EBT): TDKK -2,391 (-1,684)
Profit/loss for the period: TDKK -1,865 (-1,313)
Earnings per share: DKK -0.22 (-0.17)
For more information about Risk Intelligence, contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu