Brief: Risk Intelligence Increases Recurring Revenue By 20% In Q3 2020

Risk Intelligence A/S

09/10/2020 12:35

Oct 9 (Reuters) - Risk Intelligence A/S  RISK.TE :
    * RISK INTELLIGENCE A/S INCREASES RECURRING REVENUE BY 20%
IN Q3
2020
    * ANNOUNCES TODAY THAT COMPANY HAS HAD A GROWTH OF RECURRING
REVENUE OF 20% IN Q3 2020 COMPARED TO Q3 2019 AND TOTAL GROWTH
OF REVENUE OF 1%
    * RECURRING REVENUE IN Q3 2020 HAS INCREASED BY 20% TO DKK
3,114,299 (Q3 2019 DKK 2,601,717) DUE TO SEVERAL NEW CLIENTS FOR
RISK INTELLIGENCE SYSTEM.
    * NON-RECURRING BESPOKE ADVISORY SERVICES HAS DECREASED 52%
TO DKK
636,732 (Q3 2019 DKK 920,066) DUE TO CHALLENGES IN DELIVERING
BESPOKE SERVICES AT CLIENTS' PREMISES AND OPERATIONS BECAUSE OF
COVID-19
    * RECURRING REVENUE RATIO FOR Q3 HAS INCREASED TO 89% OF
TOTAL
REVENUE COMPARED TO 74% IN Q3 2019
    * DUE TO DECLINE IN REVENUE IN Q2, TOTAL REVENUE IN Q1-Q3
2020
DECREASED BY 4% TO DKK 9,040,281 COMPARED TO 2019 (9,425,285
DKK).
    * DISCUSSIONS WITH POTENTIAL CLIENTS FOR LANDRISK  HAVE BEEN
RENEWED IN Q3 AND ARE ONGOING WITH A POSITIVE OUTLOOK FOR
CLOSING FIRST MAJOR DEAL IN Q4 2020

Source text for Eikon:  ID:nWkr33zXvq 
Further company coverage:  RISK.TE 

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