Risk Intelligence A/S changes revenue recognition to full periodisation to improve investor transparency and comparison with peers
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