AnalytixInsight Reports Fourth Quarter and Full Year 2016 Financial Results

AnalytixInsight (TSXV:ALY) has announced financial results for the fourth quarter and year ended December 31, 2016.
As quoted in the press release:

Key Highlights:

• The Company’s revenue for 2016 (excluding Marketwall) was $1.1M compared to revenue of $0.5M for 2015. Marketwall’s revenue for 2016 was $1.7M compared to revenue of $0.6M for 2015. Combined revenue for 2016 was $2.8M compared to revenue of $1.0M for 2015.
• During the fourth quarter, the Company deconsolidated Marketwall S.r.L. (“Marketwall”) and recorded a gain on deconsolidation of $816,265. The Company now owns 49% of the equity of Marketwall.
• Operating expenses declined during the year, improving earnings (loss) per share significantly in 2016 to $(0.02) compared to $(0.08) in 2015.
• Euronext, the leading pan-European exchange in the Eurozone, was added as a content distributor for the Company’s high quality financial research.
• The Company completed the asset acquisition of Euclides Technologies Inc. (“Euclides”), and announced its intention to develop products relating to workflow analytics.

Selected Financial Information

Annual Revenue	2016		2015
Revenue AnalytixInsight	$	1,075,349	$	454,823
Revenue Marketwall (associated company)	$	1,704,080	$	570,042
Combined Revenue	$	2,779,429	$	1,024,865

CapitalCube
CapitalCube now covers approximately 48,000 worldwide companies and 2,600 North American ETF’s. CapitalCube publishes approximately 3,200 articles daily on its blog and leading content distributors. Website traffic remained strong at approximately 3.8 million users and 6 million user sessions during the fourth quarter.
During the fourth quarter Euronext, the leading pan-European exchange in the Eurozone, agreed to distribute CapitalCube’s unique financial research to their clients beginning in 2017.

Click here to read the full press release.