Risk Intelligence A/S Q3 revenue up by 19% and System ARR growth of 24%
6 October 2021
Risk Intelligence A/S reports 19% growth in revenue in Q3 2021 compared to Q3 2020 and 20% growth for the nine months period 2021 compared to 2020. The Company’s System ARR increased by 24% during Q3 2021.
Risk Intelligence has increased revenue in Q3 2021 by 19% (4,230,747 DKK) compared to Q3 2020 (3,546,366 DKK). Subsequently, revenue in the nine months period of 2021 increased by 20% (DKK 11,292,810) compared to 2020 (DKK 9,040,281).
Q3 boosted by growth in orders and in size
The 19% growth in Q3 was mainly a combination of new license agreements for the Risk Intelligence System and clients increasing size of existing license agreements as well as a significant increase in Advisory Services (bespoke and semi-bespoke reports).
No churn in Q3 – renewal rate at 100%
With a renewal rate of 100% (churn 0%) in Q3 recurring revenue Risk Intelligence continues to maintain and develop strong relationships with its clients. This is the foundation for long term growth. By this the total renewal rate for Q1-Q3 2021 is 98.6% (churn 1.4%).
System ARR growth of 24%
Risk Intelligence reaches System ARR (Annual Recurring Revenue) for Q3 2021 of DKK 13,490,653 a growth of 24% compared to Q3 2020 (DKK 10,877,109) and a total ARR of DKK 14,653,860, a growth of 23% compared to Q3 2020 (DKK 11,901,913).
Hans Tino Hansen, CEO of Risk Intelligence, says:
“In the third quarter, we have succeeded with our aim of delivering growth in revenue while at the same time substantially increasing Annual Recurring Revenue. The increase in ARR is based on existing clients significantly adding more to their licenses as well as new clients signing up for the Risk Intelligence System during the quarter.”
The full Q3 2021 interim report will be published 17 November 2021.
This information is information that Risk Intelligence A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below, on 6 October 2021.
For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Website and social media:
Website: investor.riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn: linkedin.com/company/risk-intelligence
Facebook: facebook.com/riskstaff