Risk Intelligence sees significant increase in recurring revenue from new and existing clients

24 September 2021

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has had a significant net increase in annual recurring revenue (ARR) of more than DKK 850,000 from both new and existing clients in September.

The ARR for the Risk intelligence System (MaRisk+PortRisk) has increased by more than DKK 850,000 for the month of September so far, with ARR from existing clients increasing by DKK 630,000, and by DKK 220,000 from new clients. The DKK 850,000 increase in ARR equals a lifetime value (LTV) of approx. DKK 8 M in future revenue.

The increase in ARR from existing clients is mainly a result of an increase in users on existing licenses, but in one case also adding an additional system module.  In general, the license fee is dependent on: a) The number and type of selected modules, b) The number and type of system layers, c) the number of system users, as well as number of vessels operated for ship operating companies, and d) any API integration. The Risk Intelligence System is fully scalable and based on 12 month licenses with automatic renewal and fully pre-paid subscriptions.

Hans Tino Hansen, CEO of Risk Intelligence, says:

“Our strategy is based on building long term relationships with our clients and signing new clients while maintaining our high quality and service level. The development of several existing clients increasing their subscriptions for the Risk Intelligence System during September, and clients signing up for new license agreements, is a testimony to the success of this strategy. It is also proof of the great work done by the account managers and the Sales and Marketing team. With our low churn, the increase in ARR results in a significant increase in LTV of more than DKK 8M, which is an important contribution to our growth.”

The Risk Intelligence System

The Risk Intelligence System is a proven digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, energy, manufacturing, and logistics. The digital solution is designed based on insights directly from clients and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.

The Risk Intelligence System offers clients a complete picture of immediate, short- and medium-term security risks for coastal areas, ocean, port, and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.

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