Risk Intelligence A/S increased its revenue by 28% in 2019
Risk Intelligence A/S (“Risk Intelligence”) announces today that the Company has increased the revenue by 28% for 2019 in total compared to 2018. By 1 January 2020 Risk Intelligence had known revenue for 2020 of 13.2M DKK forming the basis for further growth in 2020.
Risk Intelligence has increased its revenue by 28% in 2019 (14,220,894 DKK) compared to the same period in 2018 (11,122,594 DKK). Sales have been derived from existing as well as new commercial and governmental clients. During 2019, Risk Intelligence has increased its portfolio by 15 new clients.
The license subscription renewal rate for the Risk Intelligence System, in the period 1 January to 31 December 2019, was 99.3%. Together with signed framework agreements and signed contracts for projects to be delivered in 2020, known revenue* for 2020, as of 1 January 2020, is 13.2M DKK. This forms a solid basis for growth in total turnover during 2020 when new sales from both maritime and the new land-based markets are secured and added during the year.
CEO Hans Tino Hansen says “With an annual growth in revenue of 28% in 2019 we are on track to double our maritime market revenue from 2017 by 2020 as communicated during the IPO in 2018. Our continued high renewal rate of 99.3% is a strong signal that we are building lasting relationships with our clients. The strong recurring revenue position will form the basis for top line growth in 2020 which will be accelerated by increased revenue from new and existing maritime clients as well as, importantly, from new landside clients signing up for the Risk Intelligence System with LandRisk”.
*) Known revenue is the revenue combined from recurring revenue (Risk Intelligence System license subscriptions and report subscriptions) and projects as well as other deliverables contractually agreed during 2019 for delivery in 2020.
EBITDA for the full year 2020 is expected to be positive.
The full Q4 2019 Interim report will be published 26 February 2020.
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 30 January 2020.
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
Web page and social media:
Risk Intelligence A/S was founded in 2001 by Hans Tino Hansen. The company has evolved to become a prominent company in security risk management by delivering threat and risk assessments worldwide. Risk Intelligence operates and assists customers and partners from headquarters located north of Copenhagen, the office in Singapore as well as through representatives in Europe, Asia and North America. The business has been designed with international scalability in mind and the company is globally regarded as an expert in its field. Risk Intelligence provides the ‘Risk Intelligence System (MaRisk + PortRisk + LandRisk)’ which is a digital platform that allows clients to monitor global security risks and enables them to plan and implement missions in risk areas. Risk Intelligence is listed on the Spotlight Stock market [RISK].