Key 2020 and Recent Business Highlights
AnalytixInsight 2020 revenue:$3.2 million , basic loss per share$(0.03) ,- MarketWall 2020 revenue:
$6.5 million , net income of$896,235 and reflects expenses of$305,789 for InvestoPro development and start-up, and - InvestoPro received regulatory approval and has been introduced as the online broker of a leading European bank.
- AI-driven research distribution agreement with Refinitiv witnessed strong readership throughout the year and under this initiative more than 13,000 reports have been published on company earnings, dividend quality, and pre-revenue company analysis,
- Added ESG scores and metrics on approximately 9,000 global companies, which are embedded into CapitalCube’s analysis and narratives,
- Completed platform integration with MarketWall’s InvestoPro, and CapitalCube subscriptions are now also available through InvestoPro,
- Workforce Optimization division,
Euclides , announced development of AI-based solutions tailored for the Field Service Management (FSM) industry for integration under the Company’s partnership with global enterprise software vendor IFS, as well as other FSM software solutions providers, Euclides design solution is targeted to meet the needs of customers in the Energy and Utilities industry verticals using cybernetic methods of human-machine intelligent interaction,- Completed private placement raising gross proceeds of
$1.7 million , and - Named a top 10 tech company in 2020 TSX Venture 50.
MarketWall (49% owned):
- Completed development of European online financial broker, InvestoPro, a stock trading and analysis platform offering financial analysis, news, research, and investor education content throughout the
European Union , - Launched InvestoPro Lite as a multi-device progressive web app, and enabled virtual trading,
- Structured InvestoPro as its wholly owned subsidiary with a seven-member board of directors,
- InvestoPro has received regulatory approvals from the Italian financial markets regulator, draws an audience of over 2.5 million monthly visitors, and is a Samsung Electronics partner,
- InvestoPro was recently jointly introduced by MarketWall,
AnalytixInsight , and Intesa Sanpaolo, whose customers will be able to access online trading with their bank credentials, and - Launched GEMINA, a white label B2B trading platform for banks and brokers.
2020 Financial Highlights
MarketWall revenue for 2020 was
Business Discussion
The Company’s FinTech affiliate, MarketWall, has developed InvestoPro as a European online broker allowing users to trade stocks, options, and derivatives. Through its interconnection with CapitalCube, InvestoPro has been enabled as an AI-assisted trading platform incorporating artificial intelligence and machine-created content to assist investors making investment decisions. For example, users are presented with a simple 5-star visual which measures several quality metrics of the stock they are about to trade. Likewise, the risk profile of a stock is measured to determine compatibility with a client’s risk profile.
Worldwide interest in online brokers increased significantly during 2020, as a new generation of investors got their start in investing and opened online accounts in record numbers. InvestoPro is uniquely positioned to provide the tools investors are now seeking such as AI-assisted financial analysis, market commentaries, ESG scores, training, education, and more.
CapitalCube provides AI-driven research reports to Refinitiv, an LSEG (London Stock Exchange Group) business and one of the world’s largest providers of financial markets data and infrastructure. Under the Refinitiv initiative, CapitalCube has already published more than 13,000 reports on company earnings, dividend quality, and pre-revenue company analysis, and has now embedded ESG scores and ESG metrics into its proprietary analysis and narratives. ESG (Environmental, Social, and Governance) is commonly used as a generic term by investors and regulators to evaluate corporate behaviors. ESG factors are rapidly increasing in importance by investment professionals when making investment decisions. For example, a recent study by the European Fund and Asset Management Association reports that asset managers in
The Company believes that its ability to create scalable financial content on companies worldwide is being recognized with increasing importance as global industry leaders embrace the use of AI in fundamental financial analysis.
During the year, CapitalCube continued development of robo-based ETFs and equity analysis designed to develop proprietary indices and specialized portfolio criteria selection based on Efficient Frontier computations. The Company is engaged in discussions with professional portfolio managers relating to the use of CapitalCube’s robo-analysis and AI to be featured in new versions of index-driven products in CapitalCube.
AnalytixInsight’s Workforce Optimization division,
The Company is working collaboratively with IFS to design and build machine learning and deep learning solutions that are designed to improve Workforce Optimization and Scheduling in the FSM industry. The initial design of these solutions is targeted to meet the needs of customers in the Energy and Utilities industry verticals using cybernetic methods of human-machine intelligent interaction. Machine learning algorithms based on cybernetics will facilitate insightful learnings from the data currently generated by the FSM industry.
The
MarketWall
MarketWall is a 49%-owned FinTech online digital solutions provider to major financial services firms in
MarketWall has developed InvestoPro, a European online broker that has received regulatory approval from CONSOB (Commissione Nazionale per le Società e la Borsa), the Italian financial markets regulator. InvestoPro has been jointly introduced to the market by MarketWall,
InvestoPro Lite is available as a Progressive Web App (PWA). PWAs function like web browsers with the convenience of an app-like format that can be downloaded to the home screen of any device (desktop, mobile, tablet) for quick access. PWAs require less memory space and data usage compared to native apps while offering quicker load times and the ability to use certain features when offline.
MarketWall expects to initiate a valuation process to determine its appropriate valuation within a peer-based context of online brokerage firms with partnerships with world-leading banks. Completion of this process is expected to allow
MarketWall offers its next-generation trading platform, GEMINA, as a white label B2B product offering. GEMINA allows MarketWall to approach banks and brokers globally to license the online broker solution for deployment under their brand. GEMINA will interconnect to that bank or broker’s existing trading platform. For example, a traditional full-service broker in
MarketWall is 33% owned by Intesa Sanpaolo, the leading bank in
Complete details of the Company’s financial and operating results are available under the Company’s profile at www.SEDAR.com.
CONTACT INFORMATION:
VP Corporate Development
Scott.Urquhart@AnalytixInsight.com
Tel: (416) 522-3975
ABOUT
Regulatory Statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the impact of COVID-19 on the Company’s operations; the Company’s financial results; the adoption of AI in various industries; the Company’s ability to spin out or monetize it’s interest in MarketWall, the valuation of MarketWall, MarketWall’s ability to raise adequate capital; the ability of InvestoPro to provide the tools investors are seeking and to grant Intesa Sanpaolo’s customers online trading access; the ability of MarketWall to license GEMINA to banks and brokers globally; the use of the Company’s content by various parties; the impact of the distribution agreement with Refinitiv; the Company’s ongoing relationship with IFS and the Company’s ability to enter into commercial transactions with members thereof; the Company’s ability to expand its content distribution; MarketWall’s and Intesa Sanpaolo’s future performance; and the Company’s future performance. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
Source:
2021 GlobeNewswire, Inc., source