REG - Insig AI Plc - Trading Update and New Client Win

Insig AiAnnouncement

Tue 07:00

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RNS Number : 5183G  Insig AI Plc  29 April 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

29 April 2025

Insig AI plc

("Insig AI", the "Company" or the "Group")

Trading update for the year ended 31 March 2025 and new client win

 

Trading ahead of expectations

Insig AI plc (AIM:INSG), the data science and machine learning solutions
company, is pleased to announce that trading for the fourth quarter and for
the year to 31 March 2025 has been ahead of previous management guidance.
Revenue for the fourth quarter was £249k, equivalent to 90% higher than the
third quarter and 210% higher than the second quarter. The fourth quarter
outturn was 11.2% above expectations announced on 24 March 2025.

New client win and orders

The Company is pleased to announce that it has also secured a new client win
from a London-based, European focused asset manager with assets under
management of more than £1 billion. The client specialises in distressed
corporate and asset-backed investments. The work won relates to the automation
of data collection and ingestion and comprises both a licence fee and an
ongoing annual retainer. Whilst the initial works are not material from a
revenue perspective, management believes this win can lead to significant
additional work from this client in the current year.

The Company has also received confirmation from another new prospect, which
although still subject to final documentation, is from a London based asset
manager with assets under management of more than £1 billion, specialising in
a global equities. Its focus is on using Insig AI to improve its automation of
data collection.

Earlier this month, the Company announced that it received a purchase order
from the Financial Conduct Authority for a subscription service licence
agreement to access Insig AI's Transparency and Disclosure Index ("TDI")
covering UK listed companies.

Richard Bernstein, Insig AI's Chief Executive commented: "We are pleased that
the outturn for the year to March 2025 has been better than our expectations
and delighted that the current year has gotten off to the best possible start.
 Our new sales strategy, which we announced last December, is now bearing
fruit. Our clearly defined offerings are resonating well with prospects. We
are also making exciting progress developing new automation tools that
leverage our machine-learning and AI capabilities, which we are planning to be
able to apply to other verticals."

 

For further information, please visit www.insig-ai.com
(http://www.insig-ai.com) or contact:

 Insig AI plc
 Richard Bernstein, CEO                  richard.bernstein@insg.ai
                                         (https://zeuscapitalltd.sharepoint.com/sites/CatenaCF/Shared%20Documents/General/Announcements/2024/(4)%20April/richard.bernstein@insg.ai)
 Zeus (Nominated Adviser & Broker)       +44 (0) 203 829 5000

 David Foreman / James Hornigold

 

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