AnalytixInsight Reports First Quarter 2018 Financial Results

Artificial Intelligence company, AnalytixInsight Inc (TSXV:ALY) announced the financial results for the quarter ended March 31, 2018.

The company said that its revenue during the three months ended March 31, 2018 was $1,015,286 as compared to a revenue of $334,418 during the same period in the previous year.

As quoted in the press release:

Key Highlights:

• Working capital at March 31, 2018 is $1,825,426.
• Euronext, the leading pan-European exchange in the Eurozone with 1,300 listed issuers, launched the beta version of their “Market Insight” app with imbedded analytics supplied by AnalytixInsight.
• AnalytixInsight entered into an AI-driven research distribution agreement with Thomson Reuters, whereby Thomson Reuters will distribute content generated by AnalytixInsight’s machine-learning platform to customers on its financial desktop applications, Eikon and Thomson One.
• Recognized as one of the top 10 performing technology companies in the 2018 Venture 50^TM.

Prakash Hariharan, President & CEO, commented: “We are making great progress with our existing strategic partners and we are working with more potential new partners. Both the financial and workforce management industries are quickly embracing machine-learning, and we are witnessing a shift in thinking as industry participants now look to incorporate machine-learning into their business solutions.”

The Company completed the transition to Thomson Reuters as a supplier of financial data during the first quarter of 2018. The Company subsequently announced an agreement with Thomson Reuters for an AI-driven research distribution agreement whereby Thomson Reuters will distribute financial research reports created by AnalytixInsight’s CapitalCube platform to customers on its financial desktop applications Eikon and Thomson One. This distribution agreement allows Thomson Reuters to offer unique AI-based financial research and increased content coverage of publicly traded issuers. The distribution of AnalytixInsight’s financial research reports by Thomson Reuters is expected to be implemented in phases, beginning in the third and fourth quarter of 2018.

Click here for the full text release.

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