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AnalytixInsight Inc V.ALY

Alternate Symbol(s):  ATIXF

AnalytixInsight Inc. is a Canada-based data analytics and enterprise software solutions provider to institutions across various industries. The Company develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. It provides financial research and content for investors, information providers, finance portals and media through its online portal www.capitalcube.com and through its institutional partner Connect platform (collectively referred to as the data services and artificial intelligence business segment). The Company holds a 49% interest in MarketWall S.R.L. (MarketWall), a developer of fintech solutions for financial institutions in Italy. As part of its business-to-consumer (B2C) offering, MarketWall has deployed InvestoPro (InvestoPro), a European online digital trading platform which allows retail investors to trade stocks, bonds, and derivatives.


TSXV:ALY - Post by User

Post by uppermost10on Nov 23, 2022 8:11am
199 Views
Post# 35121054

News

News

Q3 2022 Key Financial Highlights:

  • AnalytixInsight’s revenue for the three months ended September 30, 2022, increased by 32% to $928,320 when compared to $703,799 in the prior year comparable period;

  • AnalytixInsight’s gross profit increased significantly for the three months ended September 30, 2022, to $558,268 which represents 60% of revenue and compares to $120,311 in the prior year comparable period;

  • AnalytixInsight’s net loss decreased substantially due to the increase in revenue and reduction of expenses for the three months ended September 30, 2022, to $168,191 which compares to $2,211,304 in the prior year comparable period;

  • MarketWall financial results are comprised of MarketWall and its subsidiary InvestoPro (“MarketWall Consolidated”). MarketWall Consolidated revenue for the three months ended September 30, 2022, was $1,433,179 (MarketWall alone $1,433,179, InvestoPro $0) which compares to $1,348,436 in the prior year comparable periods; and

  • MarketWall Consolidated net income for the three months ended September 30, 2022, was $24,024 (MarketWall alone net income $416,232, InvestoPro net loss of $392,208 reflective of development and start-up costs), which compares to MarketWall Consolidated net income of $56,236 for the prior year comparable period. AnalytixInsight’s ownership of MarketWall is 49% and thus not consolidated in AnalytixInsight’s financial results.

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