Risk Intelligence A/S increases recurring revenue by 20% in Q3 2020
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%.The recurring revenue in Q3 2020 has increased by 20% to DKK 3,114,299 (Q3 2019 DKK 2,601,717) due to several new clients for the Risk Intelligence System. The non-recurring bespoke Advisory Services has decreased 52% to DKK 636,732 (Q3 2019 DKK 920,066) due to challenges in delivering bespoke services at clients’ premises and operations because of COVID-19. Bespoke reports such as security risk assessments