- Annual sales for 2017 totaled $4.5 million, while fourth quarter sales jumped to $1.5 million — both greater than four times the revenue recorded in comparable periods of the prior year
- Acquisition in 2017 of Euclides Technologies positions ATIXF to grow by adding a second industry application; company is now applying its machine-learning platform to workflow analytics
- ATIXF, a leading artificial intelligence company, also gains revenue by licensing its technology
AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) reported sharply higher revenues for its fourth quarter and full year ended December 31, 2017. Sales for the year were $4,516,759, a greater than four-fold increase over its 2016 results. Fourth quarter sales jumped to $1,498,276, also more than four times higher than the same period a year earlier (http://nnw.fm/Ex5iU).
ATIXF is an artificial intelligence (AI) company based in Toronto, Canada, that turns large volumes of data into actionable information. Workflow information is robotically analyzed for maximum performance using proprietary algorithms. CapitalCube, its product, is a software-as-a-service (SAAS) platform that offers financial research for investors and others.
The company has already licensed its technology to stock exchanges, web portals and financial news agencies. In addition, it owns 49 percent of Marketwall, an associated company. In the future, ATIXF expects to spin out Marketwall in a joint effort with co-owner Intesa Sanpaolo, after Marketwall reaches certain milestones. Its 2017, ATIXF’s acquisition of Euclides Technologies expanded its focus and application of AI to include workflow analytics (http://nnw.fm/xnZ89).
Key to the company’s sustained financial growth is the announcement that ATIXF has a contracted order backlog of $4.5 million in 2018. The company is applying its AI to two primary industries, and it generates revenue from licensing.
In a news release, Prakash Hariharan, president and CEO of ATIXF, said, “We believe the company is very well positioned to benefit from the rapidly evolving industry movements to embrace artificial intelligence and machine-learning solutions within business.” He added that the company has strengthened its machine-learning platform, gained customers and solidified a second industry application with the acquisition of Euclides Technologies.
For more information, visit the company’s website at www.AnalytixInsight.com
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