PDF
Kurs & Likviditet
Beskrivning
| Land | Danmark |
|---|---|
| Lista | Spotlight DK |
| Sektor | Informationsteknik |
| Industri | Programvara |
Risk Intelligence A/S ("Risk Intelligence") hereby publishes its Annual Report for 2023. The Annual Report 2023 is available on the investor website: investor.riskintelligence.eu/reports
For a more specific review of the annual year 2023 please see Risk Intelligence Q4 and Year-End Report 1 Jan - 31 Dec 2023 (https://static1.squarespace.com/static/5f58d11eb76a99624f302adb/t/65df07eeac80a07c1b63c958/1709115378815/Risk+Intelligence+Interim+and+Year-end+Report+Q4+2023.pdf).
The Annual Report 2023 is presented based on Going Concern principles and the Auditors concur with this opinion.
Reference is made to the Annual Report 2023:
The Auditors Qualified opinion is modified by the following:
"Material uncertainty related to going concern
We refer to note 1 to the financial statements, which states that the Entity's ability to continue as going concern is dependent on achieving the expected growth and assumptions related to cash flow.
Management has assumed that the budget will be achieved and that, with the additionally secured loan fundings, that the company is going concern. As stated in note 1, there is material uncertainty related to these assumptions that may cast significant doubt on the Entity's ability to continue as a going concern.
Our opinion has not been modified with respect to this matter."
Note 1 in the Annual Report 2023:
"The Company has a negative equity, and short-term liabilities are significantly higher than current assets as of 31 December 2023, thus significant inherent uncertainty exists in relation to going concern.
The budget for 2024 is based on a growing business including the attraction of new clients. In total, a growth in ARR between 15-30% is expected for 2024, substantiated by growth of 27% in Q1 2024. A process of increasing the company's credit facilities by approx. DKK 4 million in additional long-term loans was finalised on 4 April 2024 as well as the credit-line in Danske Bank has been increased by DKK 1 million until the end of Q1 2025. Further, the company has obtained commitment by 3 current shareholders to provide additional loan financing totalling DKK 5 million if and when needed.
Management acknowledges the inherent uncertainties related to the budget and expected cash flow. It is however Management's assessment that based on the budget as well as possibilities to secure additional loan funding, that the company is a going concern. Consequently, the financial statements are presented based on the assumption that the Company is a going concern."
For more information on services and the System:
Please watch our corporate video:Knowing Risk (https://riskintelligence.eu/about-risk-intelligence)