Risk Intelligence A/S reports 31% growth in revenue in Q4 2020 compared to Q4 2019 and 8% growth for 2020 compared to 2019.

Risk Intelligence has increased revenue by 31% in Q4 2020 (DKK 6,290,592) compared to Q4 2019 (DKK 4,795,609) and increased revenue for the year by 8% (DKK 15,330,873) compared to 2019 (DKK 14,220,894).

Sony Europe has signed a license agreement for the Risk Intelligence System (LandRisk) and a project development agreement for LandRisk Lane Threat Assessments. With the license for LandRisk, Sony gets access to incidents, alerts, area, hotspots and country threat assessments as well as an increasing number of assessments of secure truck parking areas and parking areas that are vital for planning transportation.

Risk Intelligence A/S records 0% churn (100% renewal) and significant increases in license sizes and additional sales to existing clients in Q4 2020. Q4 is Risk Intelligence’s major annual renewal period for Risk Intelligence System licenses due to the large part of licenses that follow the calendar year, generating a strong base of recurring revenue for 2021.

This year in Q4, 100% of Risk Intelligence System clients have renewed their licences, with several increasing the scope of the licence with users or additional subscriptions.

Risk Intelligence A/S (“Risk Intelligence” or the “Company") hereby publishes the Interim Report for the period January 2020 - September 2020. The report is available for download here.

Recurring revenue in Q3 2020 increased by 20% to TDKK 3,114 compared to Q3 2019 (TDKK 2,601) and churn in Q3 was 0%. Total costs in Q3 2020 saw a decrease of 26% and Q1-Q3 2020 total costs decreased by 14% compared to 2019. Due to the loss of revenue in Q2 total revenue decreased 4% in Q1-Q3 2020 to TDKK 9,027 compared to Q1-Q3 2019 (TDKK 9,425). Revenue in Q3 2020 increased 1% to TDKK 3,532 (TDKK 3,521). EBITDA increased by 76% in Q3 and by 28% Q1-Q3.

Risk Intelligence A/S announces today that the company has signed an agreement with a leading Scandinavian marine insurer for the Risk Intelligence System.

The client has diversified from their original existence as a P&I club, whilst they still fulfil this role, they now look to protect a wide range of ocean industries with a range of covers. From their Scandinavian roots they have now grown into being a truly international operation, operating globally from 10 offices.

Risk Intelligence A/S announces today that the company has signed an agreement to provide the Risk Intelligence System (MaRisk+PortRisk) to the navy of a further European NATO member. The client, who operates a sizeable blue-water navy, commonly operating in West Africa, the Mediterranean, the Atlantic and the Middle East, joins six other NATO navies using the Risk Intelligence System.

Risk Intelligence A/S (“Risk Intelligence”) announces today that the Company has had a growth of recurring revenue of 20% in Q3 2020 compared to Q3 2019 and total growth of revenue of 1%.

Risk Intelligence, in partnership with Devoteam has completed the first and second phases of its data and AI strategy, applying state-of-the-art technology to data collection and processing. This enables AI and machine learning across the Company and its digital products.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has signed an agreement with a major Protection and Indemnity insurer for the Risk Intelligence System.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the Company has signed an agreement with a leading north European offshore operator for the Risk Intelligence System.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the Company has appointed the current Sales Director Jim Pascoe as Chief Commercial Officer to head the new commercial organisation.

Risk Intelligence A/S (“Risk Intelligence” or the “Company") hereby publishes the Half-Year Report for the period January 2020 - June 2020.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has signed an agreement with the International Chamber of Shipping (“ICS”) for the Risk Intelligence System (MaRisk+PortRisk) and bespoke reports.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces today that the company has signed an agreement with Singapore War Risks Mutual (SWRM) for the Risk Intelligence System (MaRisk+PortRisk).

Risk Intelligence A/S (“Risk Intelligence” or the “Company”) announces today, that the Company has successfully completed the DKK 8 million funding package announced 9 July 2020.

Risk Intelligence A/S (“Risk Intelligence” or "the Company") has seen renewed increase in demand for their Advisory Services as the Company enters Q3 2020.

The Board of Directors of Risk Intelligence A/S (“Risk Intelligence” or the “Company”) has, with support from the authorisation granted by the general meeting held on 22 May 2018, and as indicated in the press release published on 8 July 2020, resolved to issue 714,290 new shares at the price of DKK 2.80 per share. The price was established through a so called “accelerated book-building” procedure led by Sedermera Fondkommission. The new share issue is directed to qualified investors. In addition, Risk Intelligence is finalising a long-term loan from Vækstfonden of DKK 4 million and has secured a credit line of DKK 2 million with Danske Bank supported by Vækstfonden. It is the Board’s opinion that the long-term funding, together with the forecasted positive EBIDTA for 2020 and positive cash flow for 2021 and the reported uptake in business, will put Risk Intelligence in positive momentum.

Risk Intelligence A/S (“Risk Intelligence” or the “Company”) today announces its intention to carry out a directed share issue of up to 714,290 new shares. The board of directors of Risk Intelligence has engaged Sedermera Fondkommission to evaluate the conditions through a so-called “accelerated book-building” procedure.