AnalytixInsight Inc. (TSXV:ALY), a company that deals with the artificial intelligence announced its financial results for fourth quarter and full year ended December, 31, 2017.
The company reported a revenue of $4,516,759 as compared to a revenue of $1,075,349 for 2016. The revenue for their Q4 was $1,498,276 as compared to $297,156 in the previous year. The company reported that their backorder stands at $4.5 million.
As quoted in the press release:
“2017 was a transformational year for the Company, and we are very pleased with our developments. We continued to strengthen our machine-learning platform and we added customers and content distribution partners for our financial analytics offerings at CapitalCube,” saidPrakash Hariharan, President & CEO. “We also solidified a second industry application of our machine-learning platform with the acquisition of Euclides Technologies and are now building workflow analytics solutions for this industry. We believe the Company is very well positioned to benefit from the rapidly evolving industry movements to embrace artificial intelligence and machine-learning solutions within business.”