Last week on Wednesday, April 6 2022, Risk Intelligence announced a contract was signed for LandRisk Logistics with Monitoring Services ESOES, a polish company offering services on control centre assistance and customised route risk assessment for high-value cargo owners. The pricing is undisclosed.
LandRisk Logistics is an essential part of the investment case as we expect the application to increase the average revenue per client and thus be a key driver of profitability. Hence, we are happy to see that the launch of the LandRisk Logistics applications seems to be picking up momentum. However, with a strong sales pipeline, the company and we are expecting more clients to be signed on the application during the upcoming months.
The chart below shows that the Risk Intelligence share is trading close to a rising trendline. MACD has also generated a strong buy signal. Given the solid progress for LandRisk Logistics, the share is also looking attractive from a timing perspective when considering technical analysis.