AnalytixInsight- A Tale of ‘Hero’s or Zero’s’ Part 6 of 5000NEWSFLASH>>> AnalytixInsight Inc. (TSXV: ALY) “A significant contributor to Torrent’s underperformance in 2023 were realized losses incurred upon exiting a position in AnalytixInsight Inc. The loss was realized in the fourth quarter of 2023 as we disposed of our position.
It became clear that ALY’s technology and market potential was less compelling than previously indicated by management. This ultimately led to precipitous decline in ALY’s share price.
Torrent admittedly made the wrong call by investing in this company.” https://torrentcapital.ca/post_type_insights/torrent-capital-year-end-2023-shareholder-letter/ **On October 6,2021, my intrepid friend ‘fiveniner’ provided information to SH readers on Torrent Capital’s then interpretation of how Torrent perceived their position in AnalytixInsight. “Torrent expects considerable news flow moving forward as MarketWall adds users and tALY explores strategic options that may include an expansion into North American markets with or without a strategic partner. MarketWall would then be the only independent digital broker and robo-advisor to operate on both sides of the Atlantic.”
“ALY has a $50 million market cap which is very modest in relation to the potential size MarketWall’s user base and when compared to other mature digital brokers that have market caps far north of $1 billion.”
“ALY is an artificial intelligence, machine-learning based fintech company headquartered in Canada. The company’s fintech solutions are used by The Wall Street Journal, Morningstar, Refinitiv, and Intesa Sanpaolo, to name a few.”
https://stockhouse.com/companies/bullboard/v.aly/analytixinsight-inc?postid=33974097 https://torrentcapital.ca/investors/financial-reports/ **The daunting question...”WHY”? **What happened? **Who is responsible? “Since 2014, the tale of AnalytixInsight has captivated people. Millions and millions, and even millions more, and still, millions upon millions of new active users would be utilizing
MarketWall’s ‘InvestoPro’ and
‘CapitalCube’ was the “big data” engine that provides individuals and institutions with cutting edge global financial data together with AI interpretative tools. Thanks to the "engine-that-could" microcap firm (ALY) that had developed potent (disruptive) game-changing -leading edge- all powerful product suites of fintech technology.”
**Look what we were told. (Look's like Torrent was too!) https://www.youtube.com/watch?v=8wBbz9zx6EI&t=1251s https://www.youtube.com/watch?v=j_SbDZYBOD4 https://www.youtube.com/watch?v=5VJ-UFSmei0 https://www.youtube.com/watch?v=VuYpc2_Wn4Y (Refinitiv, Samsung, Intesa Sanpaolo, Morningstar, NetRange, Miii, The London Stock Exchange, Blackrock Group, Borsa Italiano Exchange, Tel Aviv Exchange, “Universities across America”, & Yahoo.)
**Look where we are. CapitalCube serves a small number of retail consumers in addition to three enterprise clients.
InvestoPro through Marketwall generates a meager 9 million euros in revenuee annually, and the company has less than 1000 active users.
Year Revenue$$. Cost of Sales Gross P/L Expenses$$. Profit/Loss$$
2014 680, 636.00. (845, 152.00) (348,733.00) (3,546, 243.00) (3,894,976.00)
2015. 1,024,865.00. (702, 860.00) 108, 122.00 (3,162,254.00) (3,054,132.00)
2016. 1,075,349.00 (681,942.00) 393,407.00 (1,657,005.00) (1,263,598.00)
2017. 4,516,759.00. (2,476,897.00) 2,039,862.00 (3,405,150.00) (1,365,288.00)
2018. 4,837,809.00. (3,752,322.00) 1,085,487.00 (3,324,566.00) (2,239,069.00)
2019. 3,672,715.00. (2,869,466.00) 803,249.00 (3,170,276.00) (2,367,027.00)
2020. 3,178,767.00. (2,767,067.00) 411,700.00 (2,816, 661.00). (2,404,961.00)
2021. 3,001,326.00. (2,349,533.00) 651, 793.00 (3,924,384.00) (3,272,591.00)
2022. 1,672,185.00. (1,646,711.00) 25,474.00 (4,074,649.00) (4,049,175.00)
Then, there is the Short Form Prospectus raise.
Where is Marketwall NA, or where did those raise proceeds go?