AnalytixInsight Reports Third Quarter Record Revenues and First Company Profit

AnalytixInsight (TSXV:ALY) has announced its revenues and first operating profit for Q3 ended September 30, 2017.
As quoted in the press release:

2017 Third Quarter Financial Highlights:

• The Company’s revenue for the third quarter (excluding Marketwall) was the highest in the Company’s history at $1,716,119, a six-fold increase compared with the same period in the previous year of $281,106, and a 77% increase over Q2 2017 revenues of $967,946.
• The Company’s revenue for the nine months ended September 30, 2017 was $3,018,483 compared to $778,193 for the same period in the previous year.
• The Company achieved operating profit during the quarter, reporting net income of $320,607 compared to net loss of $(377,235) for the same period in the previous year.
• Basic earnings per share for the third quarter was $0.01, compared to a loss of $(0.01) for the same period in the previous year.
• Marketwall’s revenue for the third quarter was $854,588, which compares to $452,281 during the same period in the previous year. AnalytixInsight owns 49% of Marketwall, which is considered an associated company as its financial results are not consolidated with the Company’s financial results.
• Marketwall’s revenue for the nine months ended September 30, 2017 was $3,482,977 compared to $1,031,512 for the same period in the previous year.
• Recently acquired Euclides Technologies Inc. (“Euclides”) currently has an order backlog of approximately $3.5 million.
• During the third quarter, the Company entered into content partnership agreements with Thomson Reuters and Africa Investor to distribute the Company’s high quality financial research.
• The Company continues to advance its recently announced Blockchain initiatives related to developments in its distributed ledger platform for CapitalCube and Marketwall.

Click here to read the full press release.