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RNS Number : 9465Y Insig AI Plc 01 April 2026
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1 April 2026
Insig AI plc
("Insig AI" or the "Company")
Trading update, potential NASDAQ listing and expression of interest in funding
Insig AI plc (AIM: INSG), a leading provider of AI-led data infrastructure and
machine learning solutions, is pleased to provide the following update.
Trading update
The Company is pleased to report that for the year ended 31 March 2026,
unaudited revenues were £0.8 million, representing annual growth of 56%. This
compares with revenue growth of 43% for the year to March 2025. This credible
performance was achieved despite continued delays in the standardisation of
sustainability reporting requirements; the EU published its revised proposals
only in February 2026. Several client wins secured during the year are
expected to generate recurring revenue in the current financial year to 31
March 2027 ("FY27").
In recent months, the AI sector is having profound but uncertain changes on
swathes of businesses. Large language models are beginning to displace
traditional software in ways that create significant pressure for established
vendors. Insig AI has positioned its business to benefit. The Company's
platform sits beneath the AI layer: it extracts, structures and tags a
client's documents so they become fully machine-readable, then connects that
clean data directly to whichever large language model the client chooses to
use. This infrastructure-first approach means clients are not dependent on any
single LLM provider and do not need to replace the systems they already have.
The Company can deliver a secure environment and at a far lower cost than LLM
plug ins. The outcome is the reduction of business risk alongside increased
profitability.
As the volume and complexity of AI deployments across enterprise continues to
grow, the Board believes demand for this kind of foundational data
infrastructure will only increase.
Accordingly, the Board is forecasting an acceleration of sales growth for
FY27, with revenue expecting to more than double that achieved during FY26. At
such levels, the Company is expecting to achieve operating profitability. As
well as organic growth, the Board sees scope to generate additional returns
through selective strategic investments in businesses where the Company's
solutions can accelerate growth. A number of these opportunities are currently
actively being assessed.
Cash as at 31 March 2026 was £0.1 million. Whilst this is manageable, the
Board has recently received an expression of interest from Richard Bernstein,
Chief Executive, to invest £0.5 million in equity at 20p per share, a
substantial premium to the current share price. The Board is evaluating the
proposal and will make a further announcement in due course.
Digital assets and potential NASDAQ listing
In recent months, the Company has evaluated over 100 digital asset investment
opportunities. The Board's focus is not only on the "picks and shovels" of the
sector but on identifying ventures with the capacity to deliver exceptional
returns for shareholders. Some of these discussions are more advanced than
others and the Board is optimistic that a more specific update can be provided
in due course. It is noted however, that the quality of the Company's digital
asset network is enabling access to opportunities that would otherwise not be
possible.
The Board believes that it is now appropriate to consider a potential dual
listing on NASDAQ, alongside its existing quotation on AIM, to fully
capitalise on investment opportunities within digital assets. In recent weeks,
the Company has commenced discussions with two US-based global legal practices
on this basis. Both have expressed a willingness to take the Company onto
NASDAQ. Should such a listing take place, the Company would target raising
substantial capital for investment into digital assets. Timing would be
subject to, amongst other things, market conditions. A further announcement
will be made in due course.
Richard Bernstein, Chief Executive of Insig AI, commented:
"I am delighted to report not only credible sales growth but that we are now
forecasting accelerating sales growth and importantly, operating profits for
the current year. In addition, we are making good progress in evaluating
specific digital asset investments and believe it is now appropriate to
consider a potential listing on NASDAQ. I am very keen to ensure that the
Company fully capitalises on its opportunities and have expressed an interest
in making a significant equity investment at a very substantial premium to the
current share price."
For further information, please visit www.insig.ai (http://www.insig.ai) or
contact:
Insig AI plc
Richard Bernstein richard.bernstein@insig.ai (mailto:richard.bernstein@insig.ai)
Zeus (Nominated Adviser & Broker)
David Foreman / James Hornigold +44 (0)20 3829 5000
CMC Markets Joint
Broker
Doug Crippin +44 (0)20 3003 8632
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