AnalytixInsight Reports Second Quarter 2022 Financial Results

TORONTO–(BUSINESS WIRE)–AnalytixInsight Inc. (“AnalytixInsight” or the “Company”) (TSX-V: ALY), a provider of financial content and enterprise software solutions, reports its financial results for the second quarter ended June 30, 2022, including those of MarketWall, the company’s 49%-owned FinTech subsidiary.

Highlights:

  • Development of unique AI-powered sentiment analysis tools using proprietary algorithms and data mapping techniques to measure, analyze and develop scores for unstructured data elements that influence people’s movements. stock prices, including:

    • Twitter, other social media sources and news sentiment, and

    • Short interest data, interconnectivity of business relationships, proprietary ESG sentiment data;

  • Intesa Sanpaolo has renewed its commitment to InvestoPro, MarketWall’s European online trading platform, by appointing two new members of InvestoPro’s Board of Directors:

    • Luca Facchini Provera (Chairman), Senior Director, Head of Sales Support for the Banca dei Territori Division of Intesa Sanpaolo, and Head of Commercial Support for Retail Network Financial Products and the Robotic Wealth Management Initiative within Intesa Sanpaolo’s 2022 – 2025 activities plan with BlackRock’s Aladdin,

    • Antonio Germogliè, head of planning, control and management of the Banca dei Territori division of Intesa Sanpaolo;

  • Further InvestoPro progress and client onboarding is expected to take place during the remainder of 2022 and the Company expects to provide updates on this progress and subsequent plans accordingly;

  • InvestoPro has added enhanced portfolio analysis tools powered by Morningstar;

  • Continued platform developments of GEMINA, MarketWall’s cloud-based financial data infrastructure offering, for an additional financial institution expected to be the third European financial institution to license the GEMINA platform under a multi-year license agreement;

  • Continued sales initiatives for GEMINA-based Morningstar Global Market in partnership with Morningstar;

  • Published 10,323 research reports as part of the Refinitiv AI-powered research initiative during the quarter.

Q2 2022 Key Financial Highlights:

  • AnalytixInsight’s revenues for the three and six months ended June 30, 2022 were $228,008 and $682,732, respectively, compared to $773,834 and $1,727,162 for the comparable prior year periods. Net loss per share for the quarter was $(0.01) compared to $(0.01) for the comparable period of the prior year;

  • MarketWall’s consolidated financial results include MarketWall and its subsidiary InvestoPro (“MarketWall Consolidated”). MarketWall’s consolidated revenue for the three and six months ended June 30, 2022 was $1,373,937 (MarketWall alone $1,373,937, InvestoPro $0) and $2,665,948, compared to $1,394,911 and $2,369,552 for the comparable periods of the previous year. MarketWall’s consolidated net loss for the three months ended June 30, 2022 was $371,183 (MarketWall alone remained profitable with net income of $269,886, InvestoPro’s net loss of $641,069 reflects costs development and start-up), which compares to a consolidated net income of MarketWall of $90,984 for the comparable period of the previous year. AnalytixInsight’s interest in MarketWall is 49% and is therefore not consolidated in AnalytixInsight’s financial results.

Management commentary

During the quarter, the company developed sentiment analysis tools to measure and score unstructured data elements that influence stock price movements. These unstructured data elements include social media sentiment analysis, short interest scores, business relationship information, news sentiment, and unique sentiment-based ESG scores, in line with the the company aiming to create unique and disruptive AI and machine learning tools for capital markets and wealth management. Industries. The Company will continue to innovate and develop tools to help wealth management platforms respond to the recent proliferation of sentiment-driven exchanges and asymmetric behavioral responses to information flows, particularly those on social media.

During the quarter, InvestoPro’s board of directors was reconstituted with the appointment of five directors – two by Intesa Sanpaolo, two by AnalytixInsight and one independent. AnalytixInsight views the new director appointments as a renewed commitment by Intesa Sanpaolo to supporting the overall success of MarketWall and its European online trading platform InvestoPro. Intesa Sanpaolo’s stake in MarketWall is 33%. InvestoPro was developed as a content-rich European online trading platform and is marketed to Intesa Sanpaolo clients as a more powerful and content-rich trading platform compared to Investo, the stock trading application developed by MarketWall and launched by Intesa Sanpaolo in 2018. At the end of 2021, Intesa Sanpaolo reported that Intesa had approximately 761,000 active users and processed nearly 54% of the retail division’s online transactions. ‘Intesa San Paolo. The company plans to provide additional updates on InvestoPro user numbers and progress related to InvestoPro developments in the coming weeks.

During the quarter, InvestoPro added enhanced portfolio analysis tools powered by Morningstar. InvestoPro users now benefit from rich content that includes analyst consensus target price estimates and portfolio analysis tools that offer machine-generated portfolio reports, index benchmarking, asset allocation performance, etc.

During the quarter, improvements to the GEMINA platform continued for an institution which, upon completion, the Company expects will be the third European financial institution to license the GEMINA platform and become the largest GEMINA customer under a multi-year license agreement. GEMINA is a cross-device trading platform for banks and brokers that powers InvestoPro and Morningstar Global Market.

During the quarter, AnalytixInsight’s workforce management division, Euclides Technologies, entered into a new business relationship with a leading field service solutions provider with a strong sales pipeline beginning in the third quarter of 2022 and continuing through 2023. The Company is currently undertaking a strategic review of this given the growing importance of the company in the FinTech industry and expects this new business relationship to enhance the business of this division.

Full details of the Company’s financial and operating results are available under the Company’s profile at www.SEDAR.com.

ABOUT ANALYTIXINSIGHT INC.

AnalytixInsight is a provider of data and business analytics software solutions for world-renowned institutions in various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, equity trading and research solutions for banks, brokers and investors in the financial services industry. AnalytixInsight owns a 49% stake in MarketWall, a developer of FinTech solutions for financial institutions. Visit AnalytixInsight.com.

Regulatory declarations

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the company’s business operations and objectives., in particular by respecting the integration expectations of InvestoPro clients and the Company’s reports on this subject; the finalization and sizing of a GEMINA license agreement with a third European financial institution; the impact of changes to InvestoPro’s board of directors; the company’s strategic review of its Workforce Management division; the impact of sentiment analysis tools developed by the Company; Morningstar’s anticipated future use of MarketWall’s technology platform; and the future performance of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget“, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. 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 AnalytixInsight, as the case may be, are materially different from those expressed or implied by such information. forward-looking information, including, but not limited to: business, economic, competitive, geopolitical and social uncertainties; the Company’s technology and revenue generation; risks associated with operating in the technology sector; the Company’s ability to successfully integrate new technologies and new employees; risks related to foreign operations; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update forward-looking information except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

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