Q1 Interim Report 1 January – 31 March 2021

Risk Intelligence A/S (“Risk Intelligence” or "Company") hereby publishes the Q1 Interim Report for the period January - March 2021. The report is available on the Company's Investor website.

Highlights

• A strong quarter that saw continuing growth
• Revenue increased by 14%
• Total costs were reduced by 12%
• EBITDA Q1 increased by 64%
• Net profit Q1 increased by 46%
• Recurring revenue ratio of 78% of total revenue in Q1
• Renewal rate of 97.3% (churn 2.7%)
• Successfully executed a capital increase of approx. 10.5M DKK
• License agreement signed with NATO Shipping Centre
• 3 new maritime clients signed during Q1 2021
• Full year guidance for 2021 intact

Reporting period Q1: January 2021 – March 2021

DKK ‘000

• Revenue:                                         4,240     (3,708)    +14%
• Costs:                                              4,937     (5,638)     -12%
• EBITDA:                                            -698    (-1,930)    +64%
• EBT:                                                -1,560   (-2,666)    +41%
• Profit/loss for the period:                -1,117    (-2,080)    +46%
• Earnings per share:                          -0.11      (-0.25)     +56%

Metrics Q1 2021:     

DKK ‘000                                          

Guidance 2021:
Unchanged

• Growth: 15-30%
• Revenue: 18.0M-20.5M DKK
• EBITDA: Positive
• Net result: Not positive
• Net cash-flow: Positive

CEO Hans Tino Hansen

Under the current business climate assumptions this quarter underlines our outlook for the rest of the year.

The first quarter has resulted in several significant achievements, which are the result of an excellent concerted effort by all parts of the company. The continued growth in revenue of 14% and cost reduction of 12% led to strong and positive development in all financial figures. 

New Risk Intelligence System licenses and increase in license size where the main drivers behind the growth in combination with increase in Advisory Services, which saw an increase of 269% in revenue compared to Q1 2020. The increase in Advisory Services is important as it is a strong indicator that Risk Intelligence is on the path back to normal. With the promising pipeline of LandRisk projects for second half of the year the outlook is positive for growth in all business areas.

Through a capital increase of DKK 10.5 M during the quarter, Risk Intelligence saw an increase in the shareholder base by institutional, professional, and private investors. Investments will be done to increase sales efforts and on increased investor relations in Denmark and Sweden.

Furthermore, the next phase in the Data, AI and machine learning strategy will be initiated during 2021.

I am pleased to start the year on a positive note and to see that our initiatives during 2020 ranging from increased digital marketing and client account management to development of sales and products are fruitful and providing optimism for the remainder of the year.

Live presentations:
Live presentation (in Danish) of the Q1 2021 Interim Report with HC Andersen Capital 19 May at 13.00: Q1 2021 presentation HCA Capital in Danish

Presentation (in English) with NyhetsByrån Direkt will be available from about 15.00 on our webpage Q1 2021 presentations together with a recorded version of the above.

For more information on services and the System:
Please watch our corporate video: Knowing Risk

For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu

Website and social media:
Website:             investor.riskintelligence.eu
Twitter:                twitter.com/riskstaff
LinkedIn:              linkedin.com/company/risk-intelligence
Facebook:            facebook.com/riskstaff

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 model is designed with international scalability in mind and the company is globally regarded as an expert in its field. Risk Intelligence’s core product is the ‘Risk Intelligence System (MaRisk + PortRisk + LandRisk)’, a digital solution 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].