2015-12-02 08:41 ET - News Release
Mr. Scott Koyich reports
ANALYTIXINSIGHT PROVIDES CORPORATE UPDATE
AnalytixInsight Inc. has provided its results for the three months ended Sept. 30, 2015.
Third quarter 2015 highlights and financial results
The company's revenues have grown by approximately 400 per cent to $323,431 compared with the same period last year, while its operating expenses have remained approximately constant compared with the same period last year.Gross profit grew to $146,522 in Q3 2015 from $(76,360) in Q3 2014.Excluding one-time events, the company's earnings have improved to (two cents) per diluted share from (seven cents) in the same period last year, showing significant increases in operating cash flows for the most recent quarter.
Business highlights
The company's two branded services Marketwall and CapitalCube continue to show significant growth in their operations and business development activities.
CapitalCube
CapitalCube now attracts approximately two million unique visitors per month. For the period ended Sept. 30, 2015, unique visitors to the CapitalCube website have increased by more than 5,000 per cent compared with the same period last year.
This increase in traffic reflects the advances made in search engine optimization and in publishing CapitalCube's content through leading distribution partners like Yahoo! Finance and the Wall Street Journal. CapitalCube just finished publishing earnings analysis based off announced results for almost every listed stock in North America -- which is about 20 per cent of its current capacity. With additional capacity, the company is confident about its ability to drive up traffic and unique visitors in the coming months as it expands is offering into Europe and Asia.
The company's licensing project with the Tel Aviv Stock Exchange went live in Q3 2015, with the successful completion of both the integration of data from TASE and the production of custom financial analysis content for all Israeli stocks listed on TASE. Through this opportunity, CapitalCube with its unique algorithmic platform is now one of the biggest content providers to TASE for about 600 TASE listed stocks to boost the offerings to investors and create volumes in stocks that are thinly traded. This is a valuable tool as stock exchanges globally look to increase content on such a universe of listed equities.
Marketwall
For Q3 2015, the company is pleased to announce 10 million user installs currently of the Marketwall app based on the partnerships with Samsung Electronics, MiiA and NetRange MMH GmbH.
The company is also pleased to announce significant progress in its previously announced multiyear licensing relationship with Intesa Sanpaolo, wherein Marketwall is being integrated with Intesa Sanpaolo's mobile portals. Intesa Sanpaolo is among the top banking groups in Europe, with a market capitalization of approximately 54.2 billion euros (approximately $78-billion (Canadian)).
The licensing partnership is expected to provide Marketwall with a minimum revenue stream of $10-million (Canadian) over a five-year period.
As part of this initiative, Marketwall will provide a custom version of the Marketwall app to Intesa Sanpaolo's approximately 20 million retail customers and will also work with Intesa Sanpaolo to closely integrate the Marketwall app with Intesa Sanpaolo's retail banking portals as well as develop seamless trading services in six countries where the partnership is exclusive -- Italy, Slovakia, Slovenia, Croatia, Hungary and Serbia.
Other initiatives
In Q3 2015, the company also announced its entry into a new business vertical -- mobile payments -- where the company's unique technology platform can provide valuable analytics for mobile payment solution providers as well as for merchants. The company's platform is now geared to help both retailers and financial institutions create a broader payments loyalty ecosystem and provide the potential to drive mobile wallet usage and create new consumer retail experiences beyond the point of sale. The company is well positioned in this business vertical with its current partnerships with leading device manufacturers like Samsung, MiiA and NetRange.
In addition, the company's platform is now mature and applicable to other verticals -- including non-financial applications as well as in related financial applications like the Robo-advisory space. |
