Risk Intelligence A/S

RISK

DK0061031978

Business Support Services

End-of-day quote NORDIC GROWTH MARKET Other stock markets 06:00:00 2024-01-30 pm EST			5-day change	1st Jan Change
1.1 ^DKK	+3.77%		-.--%	+12.82%

Apr. 10	Denmark’s Risk Intelligence Signs Deals with Cargo Owner	MT
Apr. 10	Risk Intelligence A/S Signs Up for LandRisk Logistics and Enters Development of Logistic Service Provider Overview with Risk Intelligence	CI

Risk Intelligence A/S changes ARR definition

February 12, 2024 at 03:26 am EST

Risk Intelligence A/S ("Risk Intelligence" or "the Company") changes the Annual Recurring Revenue (ARR) definition from backwards to forward looking.

Since 2018 Risk Intelligence A/S has used an ARR definition, which is based on the last 4 quarters recurring revenue (backward looking). During discussions with investors, it has become apparent that this conservative model was not suitable for comparison with other companies using a SaaS model as they were practically all using a forward-looking model and furthermore it did not correctly reflect the actual growth. Therefore, it has been decided to change the way of estimating ARR.

The new ARR model will include 1. All known recurring revenue during the next 12 months based on existing license agreements 2. All known license agreement-based price increases. The new model will not include estimates for upsell (additional license value added).

The change will be effective as of 31 December 2023 and the Q4 end-of-year report will include the new ARR as well as comparison figures for the old ARR model for 2024.

Hans Tino Hansen, CEO of Risk Intelligence says:

"We have over the recent year understood that our conservative model of ARR did not serve us well as it did provide a less preferable basis for comparison with other companies using a SaaS model. Subsequently, we have decided to revise the definition and develop what we believe provides the best and most accurate estimate of ARR, which is based on known recurring revenue with known price increases from the existing client base.

With the new definition the company will provide the market with a much better picture of ARR, which can be compared with other companies in the market."

For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk

For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu

Website and social media:
Website:    investor.riskintelligence.eu and riskintelligence.eu
Twitter:    twitter.com/riskstaff
LinkedIn:    linkedin.com/company/risk-intelligence
Facebook:  facebook.com/riskstaff

Risk Intelligence A/S was founded in 2001 by Hans Tino Hansen. The company has evolved to become a prominent company in security risk management by delivering threat and risk assessments worldwide. Risk Intelligence operates and assists customers and partners from headquarters located north of Copenhagen, the office in Singapore as well as through representatives in Europe, Asia and North America. The business model is designed with international scalability in mind and the company is globally regarded as an expert in its field. Risk Intelligence's core product is the `Risk Intelligence System (MaRisk + PortRisk + LandRisk)', a digital solution that allows clients to monitor global security risks and enables them to plan and implement missions in risk areas. Risk Intelligence is listed on the Spotlight Stock market [RISK].

https://news.cision.com/risk-intelligence-a-s/r/risk-intelligence-a-s-changes-arr-definition,c3925742

https://mb.cision.com/Main/17400/3925742/2594231.pdf

Latest news about Risk Intelligence A/S

Denmark’s Risk Intelligence Signs Deals with Cargo Owner	Apr. 10	MT
Risk Intelligence A/S Signs Up for LandRisk Logistics and Enters Development of Logistic Service Provider Overview with Risk Intelligence	Apr. 10	CI
Risk Intelligence A/S Signs Agreement with Major Hamburg-Based Ship Owner/Manager for the New Risk Intelligence System	Mar. 19	CI
Denmark's Risk Intelligence Wins Contract from European Government	Mar. 12	MT
Risk Intelligence A/S Signs Major Contract Across Several Departments of a European Government	Mar. 12	CI
Risk Intelligence A/S Signs an Agreement with Svensk Sjofart	Mar. 05	CI
Risk Intelligence A/S Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 28	CI
Risk Intelligence A/S Announces Outcome of Long-Term Loan of Approx. Dkk 6.7 Million	Jan. 19	CI
Risk Intelligence A/S Signs Agreement with Major Hamburg-Based Container Line Operator for the New Risk Intelligence System	Jan. 15	CI
Risk Intelligence A/S Announces the Launch of the New Risk Intelligence System Platform	Dec. 06	CI
Risk Intelligence A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 30	CI
Risk Intelligence A/S Provides Earnings Guidance for the Year 2023	Nov. 30	CI
Risk Intelligence A/S Signs A Three-Year Deal with A Major Cruise Line Operator for the Risk Intelligence System Including the New Cruise Feature and Intelligence Reports	23-10-24	CI
Risk Intelligence A/S Launches A New Feature on the Risk Intelligence System to Support Cruise Line Security	23-10-04	CI
Risk Intelligence A/S Signs New Deal with Hamburg Based Technical Cargo Ship Management Company for the Risk Intelligence System	23-09-28	CI
Risk Intelligence A/S Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-16	CI
Risk Intelligence A/S Signs Significant Three-Year Contract Extension for the Risk Intelligence System with Saipem S.P.A	23-07-27	CI
Risk Intelligence A/S Signs Significant Three-Year Contract Extension for the Risk Intelligence System with Saipem S.p.A	23-07-27	CI
DHL Freight Co-Developing A Holistic Approach to Security with Risk Intelligence A/S	23-07-19	CI
Risk Intelligence A/S Sign Deal for Risk Intelligence System and Reports	23-06-14	CI
Risk Intelligence A/S and an Internationally Operating German Offshore Company Signs a Deal for the Risk Intelligence System and Reports	23-06-14	CI
Risk Intelligence A/S and Malaysian Energy Infrastructure Company Sign A Deal for the Risk Intelligence System and Security Consulting	23-06-08	CI
Risk Intelligence Secures DKK2.5 Million Loan	23-06-06	MT
Risk Intelligence A/S and a Major Norwegian Offshore Operator Signs a Deal for the Risk Intelligence System and Bespoke Intelligence Support	23-05-31	CI
Risk Intelligence A/S Provides Earnings Guidance for the Year 2023	23-03-23	CI

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Company Profile

Risk Intelligence A/S is a Denmark-based provider of intelligence-led advisory services to private and governmental clients on security threats and risks. The Company specializes in analyzing threats from and interaction between piracy, organized crime, terrorism, insurgency and military conflicts. It advises on preventing maritime security incidents at both vessel and company levels, as well as providing maritime security analysis to private and governmental organizations. Additionally, the Company offers such products as threat assessments, security risk assessments, Private Maritime Security Contractors (PMSC) due diligence assessments, contingency and continuity planning, bespoke reports and studies, expert witness/advisor statements.

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Calendar

2024-05-14 - Q1 2024 Earnings Release (Projected)

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