AnalytixInsight Inc.
TSX VENTURE : ALY

AnalytixInsight Inc.

December 02, 2015 08:32 ET

AnalytixInsight Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - Dec. 2, 2015) - AnalytixInsight Inc. (TSX VENTURE:ALY) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

  • Company's revenue was up by 400% in Q3 2015 compared to Q3 2014.
  • Gross profit grew to $146,522 in Q3 2015 from a loss of $76,360 in Q3 2014.
  • EPS (excluding one-time events) improved to $(0.02) for Q3 2015 per share from $(0.07) per share in Q3 2014.
  • Traffic in the Company's CapitalCube.com portal was up by 5000% in Q3 2015 compared to Q3 2014 and is now approximately 2 million unique visitors per month. The Company published content on a record 5,300 equities in North America with a plan to add publishing content in Europe and Asia in the subsequent quarters.
  • The Company's mobile App Marketwall recorded 10 million installs during Q3 2015 that included partnerships with Samsung Electronics, Mia and Netrange in Europe.
  • Marketwall also recorded significant progress in the Company's previously announced multi-year licensing relationship with Intesa Sanpaolo.
  • The Company continues to attract and service Stock Exchange clients and build its B2B pipeline for 2016 and deploying its unique BIG DATA analytics platform in the fast growing segment of Robotic Advisory services.

Big Data analytics company, AnalytixInsight Inc. (the "Company" or "AnalytixInsight") this week is pleased to announce its results for the three months ended September 30, 2015 (all amounts stated in Canadian dollars unless otherwise indicated).

Third Quarter 2015 Highlights & Financial Results

  • The Company's revenues have grown by approximately 400% to $323,431 compared to the same period last year, while its operating expenses have remained approximately constant compared to the same period last year.
  • Gross profit grew to $146,522 in Q3 2015 from $(76,360) in Q3 2014.
  • Excluding one-time events, the Company's earnings have improved to $(0.02) per diluted share from $(0.07) in the same period last year, showing significant increases in operating cash flows for the most recent quarter.

Business Highlights

The Company's two branded services Marketwall and CapitalCube continue to show significant growth in their operations and business development activities.

CapitalCube

CapitalCube now attracts approximately 2 million unique visitors per month. For the period ended September 30, 2015, unique visitors to Capitalcube.com have increased by more than 5000% compared to the same period last year.

This increase in traffic reflects the advances made in SEO and in publishing CapitalCube's content through leading distribution partners like Yahoo! Finance and the Wall Street Journal. CapitalCube just finished publishing earnings analysis based off announced results for almost every listed stock in North America - which is about 20% of its current capacity. With additional capacity, the Company is confident about its ability to drive up traffic and unique visitors in the coming months as it expands is offering into Europe and Asia,

The Company's licensing project with the Tel Aviv Stock Exchange ("TASE") went live in Q3 2015, with the successful completion of both the integration of data from TASE and the production of custom financial analysis content for all Israeli stocks listed on TASE. Through this opportunity, CapitalCube with its unique algorithmic platform is now one of the biggest content providers to TASE for about 600 TASE listed stocks to boost the offerings to investors and create volumes in stocks that are thinly traded. This is a valuable tool as stock exchanges globally look to increase content on such a universe of listed equities.

Marketwall

For Q3 2015, the Company is pleased to announce 10 million user installs currently of the Marketwall App based on the partnerships with Samsung Electronics ("Samsung"), MiiA ("MiiA") and NetRange MMH GmbH ("NetRange").

The Company is also pleased to announce significant progress in its previously announced multi-year licensing relationship with Intesa Sanpaolo, wherein Marketwall is being integrated with Intesa Sanpaolo's mobile portals. Intesa Sanpaolo is among the top banking groups in Europe, with a market capitalization of approximately EUR54.2 billion (approximately CAD $78 billion).

  • The licensing partnership is expected to provide MarketWall with a minimum revenue stream of CAD $10 million over a five year period.
  • As part of this initiative, MarketWall will provide a custom version of the Marketwall App to Intesa Sanpaolo's approximately 20 million retail customers and will also work with Intesa Sanpaolo to closely integrate the Marketwall App with Intesa Sanpaolo's retail banking portals as well as develop seamless trading services in six countries where the partnership is exclusive - Italy, Slovakia, Slovenia, Croatia, Hungary and Serbia.

Other Initiatives

In Q3 2015, the Company also announced its entry into a new business vertical - mobile payments - where the Company's unique technology platform can provide valuable analytics for mobile payment solution providers as well as for merchants. The Company's platform is now geared to help both retailers and financial institutions create a broader payments loyalty ecosystem and provide the potential to drive mobile wallet usage and create new consumer retail experiences beyond the point of sale. The Company is well positioned in this business vertical with its current partnerships with leading device manufacturers like Samsung, MiiA and NetRange.

In addition, the Company's platform is now mature and applicable to other verticals - including non-financial applications as well as in related financial applications like the Robo-advisory space.

On behalf of the Board of Directors of ANALYTIXINSIGHT INC.

Prakash Hariharan, Chairman

ABOUT ANALYTIXINSIGHT INC

AnalytixInsight Inc's technology platform helps transform data into narratives. The Company's online portal www.capitalcube.com and mobile platform Marketwall (www.marketwall.com) provide high-quality financial research and content for investors, information providers, finance portals and media. The Company's disruptive technology algorithmically analyzes market price data and regulatory filings to create insightful, actionable narratives and research on approximately 50,000 global companies and ETFs - all available as a cloud-based, SAAS offering. This platform capability is extensible to other asset classes and sectors to generate insightful research reports.

CapitalCube and Marketwall have existing business relationships with leading global financial and media institutions. For more information about CapitalCube visit http://www.capitalcube.com. For more information about Marketwall visit http://www.marketwall.com.

Regulatory Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the ongoing and future partnerships, the potential for partnerships to create an expanded user base and additional revenues for the Company, the growth of the Company's business operations; the use of the Company's content by various parties; the use by certain parties of CapitalCube and Marketwall App; statements related to the Company's entry into the mobile payments vertical and the extension of the Company's product portfolio. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight Inc., as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the Company's technology and revenue generation; risks associated with operation in the technology sector; ability to successfully integrate new technology and employees; foreign operations risks; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • AnalytixInsight Inc.
    Scott Koyich
    +1.403.262.9888