Risk Intelligence A/S reports 14% growth in revenue in Q1 2021
Risk Intelligence A/S (“Risk Intelligence” or “the Company”) reports 14% growth in revenue in Q1 2021 compared to Q1 2020.
Risk Intelligence has increased revenue by 14% in Q1 2021 (DKK 4,233,599) compared to Q1 2020 (DKK 3,708,158).
The 14% growth in Q1 was generated from a combination of new license agreements for the Risk Intelligence System and clients increasing size of existing license agreements as well as a significant increase in Advisory Services (bespoke and semi-bespoke reports).
With a renewal rate of 97% (churn 3%) in Q1 recurring revenue due to one offshore client ceasing to trade Risk Intelligence continues to maintain and develop strong relationships with its clients. This is the foundation for long term growth.
CEO Hans Tino Hansen says
“The growth in revenue in Q1 of 14% is encouraging and in line with our expectations and guidance for revenue in 2021. It is a result of a continued increase in business with existing clients and the addition of new clients joining Risk Intelligence. Of these the NATO Shipping Centre and a major global ship management company are particularly noteworthy and demonstrating our reach into both the commercial and government areas. During the quarter we have also seen a substantial increase in our bespoke Advisory Services, which has otherwise been reduced by about 41% during 2020 due to the lack of travel caused by the COVID-19 situation. We have adapted our Advisory Services and are seeing significant new clients in this business area. I am pleased that we are again this quarter able to deliver according to our plans and with the current business pipeline, we have a promising outlook for the 2nd quarter and 2021”.
The full Q1 2021 interim report will be published 19 May 2021.
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 April 2021.
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
Web page and social media:
Website: investor.riskintelligence.eu
Twitter: www.twitter.com/riskstaff
LinkedIn: www.linkedin.com/company/risk-intelligence
Facebook: www.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].