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Intouch Insight Ltd V.INX

Alternate Symbol(s):  INXSF

Intouch Insight Ltd is a Canada-based company, which is engaged in offering a complete portfolio of customer experience management (CEM) products and services. The Company and its subsidiaries offer a portfolio of CEM products and solutions. These include customer surveys, mystery shopping, mobile forms, operational and compliance audits, and event marketing automation solutions. It enables clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously enhance customer experience. The Company has developed various software platforms, including IntouchIntelligence, IntouchCapture, IntouchCheck, IntouchSurvey, and a customer experience management platform, LiaCX. Its CEM platform includes customer experience management software, survey software, mobile forms automation software, mystery shopping services, operational and compliance audit services, and event marketing automation software.


TSXV:INX - Post by User

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Post by midardon May 23, 2019 7:57pm
88 Views
Post# 29769641

Ottawa’s Intouch Insight hits record revenues in Q1

Ottawa’s Intouch Insight hits record revenues in Q1A growing U.S. customer base helped propel Ottawa software firm Intouch Insight to record revenues in the first quarter of 2019, the company reported Friday. Intouch (TSX-V:INX), which makes software that helps its clients track customer satisfaction and engagement, reported revenues of $4.6 million for the three-month period ending March 31. Thats the highest quarterly total in the firms history and a 29 per cent increase over the $3.9 million in revenues it booked a year earlier. The companys net loss fell dramatically, from $614,000 in the first quarter of 2018 to about $21,000 this year. Intouch said rising revenues and cuts in sales and marketing expenses helped push the firm closer to the black. We are very pleased to see such strong financial results so early in 2019, CEO Cameron Watt said in a statement. Q1 2019 EBITDA is a $925,000 improvement over Q4 2018. This rapid one-quarter improvement comes from a combination of significant revenue growth and cost management initiatives. The speed and magnitude of this change speaks to the strength and flexibility of the company and taking advantage of our recent investments in new products. Much of the turnaround in Intouchs bottom line is the result of dramatic growth in its U.S. revenues. While revenue from Canadian customers grew four per cent year-over-year to $1.6 million, Intouch generated more than $2.9 million in sales from clients south of the border in Q1 a 48 per cent jump over last years total of just under $2 million. The company said nearly $650,000 of that total came from a new customer in the audit compliance space. Intouch also touted its new product line that uses artificial intelligence to discover gaps in the customer journey. Watt said the company continues to focus on creating new and innovative technology, noting Intouch recently filed another patent for its AI solutions. In financial documents filed Friday, the firm said it remains confident it will hit its 2019 revenue target of $17 million, which would represent a 15 per cent increase over 2018.
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