Mr. Prakash Hariharan reports

ANALYTIXINSIGHT REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS AND MARKETWALL CONTINUED PROFITABILITY

AnalytixInsight Inc. has released its financial results for the second quarter ended June 30, 2023, and provided a corporate update, including that of MarketWall, the company's 49-per-cent-owned fintech affiliate. MarketWall continued its growth trajectory, increasing revenue by 108 per cent to $5,556,395 and reporting net profit of $1,614,612 in its strongest period to date.

Key business highlights:

• Natalie Hirsch appointed chief operating officer of the company effective May 1, 2023;
• 6,979 AI-generated (artificial intelligence) research reports were published for an aggregate of approximately 91,979 reports published across 40 countries under the company's AI-driven research initiative with Refinitiv;
• Expanded AI libraries and functionality in CapitalCube, including additional coverage of American depository receipts (ADRs) following the trend of increased investment interest in international equities by retail and institutional customers;
• InvestoPro users grew under the agreement with Samsung Electronics Italia to profile the InvestoPro digital trading platform to Samsung users;
• InvestoPro has shown growth in its assets under custody (AUC) to 82 million euros, indicating increased penetration and usage among retail customers.

Q2 2023 key financial highlights:

• AnalytixInsight's revenue and net loss for the six months ended June 30, 2023, were $363,798 and $955,744, respectively, compared with $682,732 and $2,166,869 in the prior-year comparable period. Net loss per share for the quarter was one cent, which compares with a net loss of one cent per share for the prior-year comparable period.
• AnalytixInsight's working capital at June 30, 2023, was $2,751,930.
• MarketWall continued its profitability into Q2, growing revenue by 108 per cent to $5,556,395 and improving net profit to $1,614,612, which compares with revenue of $2,665,948 and a net loss of $564,977 in the prior-year comparable period, primarily driven by the new licence agreement with Intesa Sanpaolo.

AnalytixInsight's ownership of MarketWall is 49 per cent and thus MarketWall is not consolidated in AnalytixInsight's financial results. MarketWall's financial results include the consolidation of its wholly owned subsidiary InvestoPro.

Management commentary

"These second quarter results demonstrate the continued positive impact that MarketWall is having on our business," commented Prakash Hariharan, chairman and chief executive officer of AnalytixInsight. "MarketWall continued to post strong financial results in Q2, which positions us on a strong pathway toward profitability and growth for the business. InvestoPro's AUC and customer on boarding also grew during the quarter, boosted by continued marketing efforts, its Samsung partnership and continued retail user interest in its unique product offerings. Additionally, we are focused on continuously improving our CapitalCube product, in terms of both AI functionalities and algorithms, as well as its effectiveness for our retail and institutional customers."

InvestoPro

InvestoPro is the digital on-line stock trading platform launched by AnalytixInsight, MarketWall and Intesa Sanpaolo through MarketWall's wholly owned subsidiary, InvestoPro SIM S.p.A. InvestoPro SIM has developed its leading-edge platform, trade execution functions and user applications in partnership with Intesa Sanpaolo.

InvestoPro EVO has been developed as a comprehensive multidevice trading platform (mobile, wearables and smart television (TV)) that offers on-line stock trading and fintech-enabled services combined with research and financial education.

InvestoPro GO has been developed as a simplified version that has been purposefully designed for Samsung users in conjunction with InvestoPro's agreement with Samsung Electronics Italia.

InvestoPro and Samsung

InvestoPro SIM entered into an agreement with Samsung Electronics Italia in November, 2022, pursuant to which Samsung agreed to profile the InvestoPro trading platform on Samsung's Quick Access, the start page of the Samsung Internet browser. Samsung has millions of monthly active Samsung Internet users who utilize Quick Access, which profiles clickable icons for leading brands to users each time they use their browser and allows users to easily reach partner websites.

CapitalCube

Under the company's Refinitiv AI-driven research initiative, CapitalCube published 6,979 company research reports during the second quarter of 2023. Approximately 91,979 research reports have been published in 40 countries under the Refinitiv initiative since October, 2018. The company believes its ability to generate machine-created research reports and AI-based fundamental financial analysis on virtually all publicly traded companies worldwide is a market differentiator for trading platforms within the industry, wherein the company sees both regulators and platform providers are seeking tools to automate the alignment of trading permissions that are matched with the investor's risk appetite.

Euclides

AnalytixInsight's work force management division, Euclides Technologies, plans to expand its customer base through 2023 as institutions continue to deploy additional capital to augment their data and work force management infrastructure. The recognition of these into revenues has been delayed due to customer deferrals of the implementation of their FSM modules as a part of their capital allocation programs for the quarter. Euclides is also advancing the development of zero-touch work force management modules with data analytics and machine learning algorithms. The company is undergoing a strategic review of this division considering the company's increasing focus within the fintech industry and expects this new business relationship and new product development to improve the business value of this division.

Complete details of the company's financial and operating results are available under the company's profile on SEDAR.

About AnalytixInsight Inc.

AnalytixInsight is a data analytics and enterprise software solutions provider to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, stock trading and research solutions for banks, brokers and investors in the financial services industry. AnalytixInsight holds a 49-per-cent interest in MarketWall, a developer of fintech solutions for financial institutions.

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