Risk Intelligence A/S increases its revenue by 21% in Q3 2019 and by 43% in total for Q1-Q3 2019
Risk Intelligence A/S (“Risk Intelligence”) announces today that the Company has increased the revenue by 21% in Q3 2019 compared to Q3 2018 and 43% for Q1-Q3 2019 compared to Q1-Q3 2018.
Risk Intelligence has increased its revenues by 21% in Q3 2019 (3,521,873 DKK) compared to Q3 2018 (2,900,521 DKK). Sales have been derived from both existing as well as new commercial and governmental clients.
The revenue in the period 1 January to 30 September 2019 increases by that 43% (9,425,285 DKK) compared to the same period in 2018 (6,586,353 DKK).
CEO Hans Tino Hansen says “With growth in revenue of 21% in Q3 we are for the third consecutive quarter this year delivering on our targets. Importantly, with a year-to-date growth of 43% we are on track to double our existing maritime market revenue from 2017 by 2020 as communicated during the IPO in 2018. We are of course all the time aiming to increase the growth rate, but if the current growth rate is projected into 2020, Risk Intelligence will reach the target. In addition, revenues from LandRisk will come on top of this.”
Due to the planned investments and initiatives in growth Risk Intelligence is not expecting positive EBITDA until 2020 as announced at the IPO August 2018.
The full Q3 2019 Interim report will be published 20 November 2019.
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 8 October 2019.
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].