20 March 2023 | Company announcement No 11-2023

The Board of Directors of Risk Intelligence A/S has, with support from the authorisation granted by the extraordinary general meeting held on 8 December 2022 and as indicated in the press release published on 20 March 2023, resolved to issue 600,000 new shares at the price of DKK 2.00 per share.

The price was established through an accelerated book-building procedure. At the same time the Board resolved to issue 1,960,642 new shares at the price of DKK 2.28 per share against existing debt. The price is based on the trading price on Friday 24 February used for the agreement of debt for equity swap of 27 February.

CEO Hans Tino Hansen says:

“The directed issue against cash and debt conversion to equity of about DKK 5.7 million is the second step in the funding strategy to support the 2025 Strategy. […]”

20 March 2023 | Company announcement No 10-2023

Risk Intelligence A/S today announces its intention to carry out a directed share issue of up to 2,560,642 new shares. The Board of directors of Risk Intelligence has instructed the Management of Risk Intelligence A/S to evaluate the conditions through a so-called “accelerated book-building procedure”.

The directed share issueWith support from the authorisation granted by the extraordinary general meeting held on 8 December 2022, the Board of directors is evaluating the possibility to carry out a directed share issue of up to 2,560,642 new shares, through a so called “accelerated book-building procedure”. The reason for the deviation from the shareholders’ preferential rights is mainly to strengthen the Company’s financial position in a short and cost-effective timeframe. The potential proceeds from the directed issue are intended to be used for enhanced sales and marketing activities and to support the investments and initiatives to successfully meet the goals of the Company’s Strategy 2025.

Risk Intelligence A/S announces today that the company, in order to improve the company focus on implementing the new 2025 Strategy, is making changes to its management team and increasing the team by one new member.

The current Chief Operating Officer (COO), Henrik Ehlers Kragh, is stepping into a new role as Senior Director and Head of Strategy Implementation and will be heading the implementation of the 2025 Strategy, which will improve how we do business and increase the likelihood of meeting the milestones set out in the strategy. The position as COO will be filled by Risk Intelligence’s current Head of Operations, Niels Worsøe, who with the promotion will take over responsibility for all production within Risk Intelligence and become a member of the management team. Both changes take effect as of 1 April 2023. 

27 February 2023 | Company announcement No 8-2023

The Board of Directors of Risk Intelligence A/S (“Risk Intelligence” or the “Company”) has, with support from the authorization granted by the extraordinary general meeting held on 8 December 2022, resolved to issue 1,695,700 new shares at the price of DKK 2.28 per share against existing debt. The price is based on the latest trading price (Friday 24 February).

CEO Hans Tino Hansen says:

“The debt conversion to equity of about DKK 3.9 million is the first step in the funding strategy to support the 2025 Strategy. The aim of the funding strategy is to substantially reduce debt, reduce capital costs, re-establish equity, provide sufficient liquidity for operations and to provide capital for investments in technology and growth to support the entire 2025 Strategy.”

Risk Intelligence A/S (“Risk Intelligence” or "Company") hereby publishes the Q4 Interim and Year-End Report for the period January - December 2022. The report is available on the Company's investor website (investor.riskintelligence.eu).

Highlights:

• The principle for recognising revenue has been changed to full periodisation with impact on revenue, growth figures, P/L, and equity

• Total revenue according to the new principles up by 8% in 2022

• Total recurring revenue up by 9% in 2022

• Net Retention Rate 111%

• Revenue according to the new principles increased by 8% in Q4

• Costs have increased by 42% in Q4 and by 26% in 2022

• EBITDA 2022 according to the new principles decreased by 114%

• Net profit in 2022 according to the new principles decreased by 88%

• 6 new maritime clients signed during 2022

17 February 2023 | Company announcement No 6-2023

Risk Intelligence A/S (“Risk Intelligence” or the “Company") announces today that the company from and including the financial year of 2022 has changed its financial reporting standards to full revenue periodisation to comply with market standards for SaaS companies.

The Board of Directors of Risk Intelligence has had an ongoing discussion about changing the revenue recognition from date of invoicing to full periodisation for subscription-based licenses, which constitute about 90% of total revenue. The Board of Directors has therefore decided to follow the requirement from Deloitte to change the revenue recognition to full periodisation.

As part of the Company’s internationalisation, Deloitte was elected as the new auditor for Risk Intelligence at the Annual General Meeting in 2022.

14 February 2023 | Company announcement No 05-2023

Risk Intelligence A/S is delivering threat and risk assessments to an increasing number of clients within the renewable energy sector, strengthening its portfolio with two new offshore wind clients.

Since the attacks on the Nord Stream gas pipelines last year, and the unauthorised use of drones near offshore installations, Risk Intelligence has seen a surge in demand for threat and risk assessments of offshore domains, subsea infrastructure, as well as renewable energy installations on land.

The latest bespoke report was delivered to a leading renewable energy company and included comprehensive analysis of threats to operations of offshore wind farms in a European EEZ.

30 January 2023 | Company announcement No 04-2023

Risk Intelligence A/S has signed an agreement with another Lloyd’s underwriter, providing access to the Risk Intelligence System as well as bespoke operational intelligence support.

The agreement with the underwriter will provide full access to the Risk Intelligence System (MaRisk+PortRisk), bringing the very best maritime intelligence to their team to assist them in writing cover for war risks and other complex insurance areas. Risk Intelligence will also provide bespoke reports and monthly briefs to the new client to ensure their team has continuous access to all the information they need.

Lloyd’s of London, or Lloyd’s, is a corporate body with roots in the maritime industry that operates as an insurance and reinsurance marketplace. The new client is a major underwriter within the maritime insurance market, based at Lloyd’s, with a focus on the dynamic area of War Risks as well as their broader portfolio.

23 January 2023 | Company announcement No 03-2023

Risk Intelligence A/S confirms today that the company is in final negotiations with DHL Freight for the Risk Intelligence System (LandRisk Logistics).

It has today come to Risk Intelligence’s knowledge that DHL Freight on their homepage has announced that DHL Freight has entered a close corporation with Risk Intelligence: DHL Freight Invests in Holistic Security Solution

Risk Intelligence confirms that negotiations are in the final stages, but no agreement has been signed as of today. Risk Intelligence will publish a separate press release when the agreement is finalised.

20 January 2023 | Company announcement No 02-2023

Risk Intelligence A/S announces today that the company has signed a license agreement with DSV Road Belgium (DSV), for LandRisk Logistics on the Risk Intelligence System.

DSV is the world’s third largest transport and logistics firm with traffic hubs located all over Europe, North America and South America, and more than 300 offices in Europe alone. The division gaining access to LandRisk Logistics through the new agreement is responsible for high value cargo owners, and LandRisk Logistics will allow the operational and security teams to risk assess lanes and approve specific parking areas and sharing lane details between users.

With the license for LandRisk Logistics, DSV gets access to LandRisk and the Lane Threat Assessment Tool with incidents and alerts, and area, hotspot, and country threat assessments, as well as a huge number of assessments of secure truck parking areas and parking areas that are vital for contingency planning in logistics.

17 January 2023 | Company announcement No 01-2023

Risk Intelligence A/S announces today that the company has delivered a major Advisory Services project to DeepOcean A/S

The Risk Intelligence consultancy arm, Advisory Services, has completed a major project, working with DeepOcean to provide the full spectrum of support; from initial threat reports, through vessel and crew preparation and now assistance to the Master on the bridge of a DeepOcean vessel during a subsea survey operation off Libya. The project began in Q3 2022 and has already delivered revenue in Q3 & Q4 2022, with the majority of revenue due in Q1 2023.

20 December 2022 | Company announcement No 20-2022

WE SUPPORT SEAFARERS: Risk Intelligence has donated 30,000 DKK / £3,600 to Stella Maris to support its emergency response for seafarers affected by the war in Ukraine.

Throughout the war, Risk Intelligence has applied its professional capacity to support maritime organisations affected by the war, and donated 20% of revenues from the related Northern Black Sea Weekly Intelligence Report.

9 December 2022 | Company announcement No 19-2022

Risk Intelligence A/S ("Risk Intelligence" or "the Company") held its Extraordinary General Meeting yesterday 8 December 2022. Below are the minutes of the meeting.

Yesterday, 8 December 2022 at 10am, Risk Intelligence A/S held its Extraordinary General Meeting 2022 at the Company’s address in Hellerup, Strandvejen 100, 2900 Hellerup. A number of shareholders were present physically as well as via proxies. Shareholders in total representing 41,04 % of the votes/share capital were represented at the shareholders meeting.

30 November 2022 | Company announcement No 18-2022

Risk Intelligence A/S and Geollect Limited sign partnership agreement for technical solution development, maritime investigations, and intelligence analysis.

In line with the published strategy 2025, Risk Intelligence is increasingly working with partners who complement the existing capabilities of the company. The partnership with Geollect is a perfect example of this: Both companies already have common clients in the insurance and government space, and Geollect’s strength in geospatial analysis and technical digital capability development fits exactly with Risk Intelligence’s strengths in analysis, HUMINT and expert witness. 

16 November 2022 | Company announcement No 17-2022

Risk Intelligence A/S hereby publishes the Q3 2022 Interim Report for the period 1 January - 30 September 2022. The report is available for download on the Reports page of the investor website. 

Highlights:

• Recurring revenue continues to be strong. Up by 19% in Q3 and by 19% in Q1-Q3

• Net Retention Rate 122%

• Revenue increased by 9% in Q3

• Costs have increased by 24% in Q3 and by 20% in Q1-Q3

• EBITDA Q3 decreased by 314%

• Net profit Q3 decreased by 115%

• Full year guidance for 2022 intact

Read the full press release below:

15 November 2022 | Company announcement No 16-2022

Risk Intelligence A/S hereby calls an Extraordinary General Meeting 2022

Notice of
Extraordinary General Meeting
in
Risk Intelligence A/S

(CVR-nr. 27 47 56 71)

With reference to clause 5 of the Articles of Association of Risk Intelligence A/S (CVR-no. 27 47 56 71) and the Danish Companies Act, section 94, you are informed that an extraordinary general meeting is held;

Thursday, 8 December 2022, at 10am
at the Company’s address:
Strandvejen 100
DK-2900 Hellerup

29 September 2022 | Company announcement No 15-2022

Risk Intelligence A/S and MedAire, an International SOS Company, have signed a partnership agreement giving MedAire's luxury yacht client base access to the Risk Intelligence maritime security intelligence and advisory services.

MedAire and Risk Intelligence have signed an agreement to work together to deliver a market leading offer, helping yachts to reach higher levels of situational awareness within their day-to-day operations, by catering to the industry’s specific needs. The partnership will initially be focused on providing MedAire’s luxury yacht clients with enhanced service options – including access to Risk Intelligence maritime security intelligence, provided by a 24/7 team of global analysts.

28 September 2022 | Company announcement No 14-2022

Risk Intelligence A/S announces today that the company has signed a 5-year API license agreement for the Risk Intelligence System (MaRisk+PortRisk) with the U.S. Navy Naval Information Warfare Center (NIWC) with a total contract value for the 5-year period of 1,701,716 USD.

The Risk Intelligence maritime security data is integrated through an API into a U.S. Navy Maritime Domain Awareness (MDA) software suite used by the U.S. Navy and other parts of the U.S. defence.

The 5-year contract follows annual contracts for the license periods 2018/2019 to 2021/2022 and will include 2022/2023 to and including 2026/2027. The contract will be invoiced annually in Q3 and initially with 262,690 USD in Q3 2022.

21 September 2022 | Company announcement No 13-2022

Risk Intelligence A/S hereby publishes its 2025 strategy. A presentation of the strategy is available for download here: investor.riskintelligence.eu/strategy

Highlights and goals:

• Positive net result from 2023

• Average annual revenue growth of 30% with a target 50 MDKK in 2025

• ARR average growth 30%

• Market leader in security risk analysis

• Refocusing the business on maritime security

• Land-based security as an independent business area

• Strong commercial partnerships

• New ESG objectives