AnalytixInsight Reports Third Quarter Record Revenues and First Company Profit - Seite 2

The Company achieved record financial results during the third quarter, including operating profitability - the first in the Company's history. During the quarter, the Company added Thomson Reuters and Africa Investor as new content distribution partners. They join the Company's growing network of content partnerships which also includes Euronext NV, Yahoo Finance and The Wall Street Journal. The Company works with its content partners to deliver value added financial analysis and content, and to market and sell CapitalCube's subscription licenses to various investors, brokers and financial institutions. The Company's finance portal CapitalCube.com continued to average approximately 2 million user sessions per month through various distribution channels. The Company's Euclides operating division continued to win new contracts during the quarter, and has a current order backlog of approximately $3.5 million.

Marketwall

Marketwall's revenue for the third quarter was $854,588 compared to $452,281 in the same period in the previous year. AnalytixInsight owns 49% of Marketwall which is considered an associated company as its financial results are not consolidated with the Company's financial results. The Company and Intesa Sanpaolo expect to spin-out Marketwall following the completion of Marketwall's product integration within Intesa Sanpaolo's mobile platform. The completion of this integration is expected during the first half of 2018, and is expected to result in the migration of over eight million retail banking customers of Intesa Sanpaolo to Marketwall.

Blockchain

Further to the Company's announcement on November 14, 2017, the Company has initiated discussions with Marketwall regarding its Blockchain initiatives to reduce transaction costs and trade settlement times for Marketwall through the development of a distributed ledger platform. This initiative is expected to benefit Marketwall's partners including MarketHub and Samsung. MarketHub is Intesa Sanpaolo's established trading platform whose 2016 trading volume exceeded EUR119 Billion on an average of 26,000 daily transactions.

Management Commentary

Prakash Hariharan, President & CEO, commented: "This is a milestone quarter for Company as we achieved record financial results and operating profitability. We are very pleased with the performance of the recently acquired Euclides Technologies and are pleased to have added new CapitalCube content partners during the quarter. We are actively pursuing our Blockchain initiatives with our partners and we are very encouraged with the potential of these projects."