Annual report 2023 confirms positive trend
April 30 2024 - 8:01AM
Annual report 2023 confirms positive trend
Announcement no. 7-2024
The media tech company Hypefactors presents the annual report
for 2023.
Revenue for the period amounted to DKK 11.219M, compared to DKK
9.384M in 2022, corresponding to an increase of 20%. Earnings
before interest, tax, depreciation, and amortization (EBTIDA)
amounted to DKK 1.974m, compared to 0.333M in 2022, corresponding
to an increase of 493%. Hypefactors reached an annual recurring
revenue (ARR) of DKK 13.024M per December 31, 2023, (2022: 10.625M)
which is an increase over the last twelve months of 23%.The company
has sustained a positive trend and achieved growth in its client
base. The principal objective in 2023 was to drive direct sales to
enterprise clients, utilizing the full suite of the media
intelligence platform. Hypefactors is an innovative technology that
utilizes Natural Language Processing (NLP) and AI to provide
operational insights on corporate reputation and trust. This
technology also makes it effortless for users to measure the impact
of their communications and to automate workflows. In 2023, we
expanded and further refined the technological assets.
The company will continue to invest in further continued
development of AI technology and commercial scaling to ensure
long-term ARR growth.
InnovationsAgain in 2023, Hypefactors continued
to launch major upgrades to its artificial intelligence, increasing
the quality of the company’s media insights solution to a level
that is unmatched in the industry. The AI technology stack was
improved on several dimensions, including the NOI (which is our
AI-based NER), the reputation-AI, and the ESG-AI (which can
categorize media coverage in all languages along 26 environmental,
social and governance dimensions to facilitate ESG sustainability
reporting and compliance). Worth mentioning is also the launch of
our unique AI solution program for more precise print media
processing in media intelligence. It enables Hypefactors to deliver
a magnitude larger print coverage than any competitor within media
intelligence, and to deliver a superior solution to large
enterprises with cross-border media presence.
In October 2022, Hypefactors kicked off a 10-months AI
development project named ‘New Print PDF Processing Program’. The
special AI effort was backed by the Innovation Fund Denmark and was
finalized within the timeline mid 2023. The AIs developed are
uniquely superior for its multilingual and multi-modal qualities:
It includes an encoder design also found in modern generative AIs
like ChatGPT and is combined with computer vision algorithms and an
automated reasoning engine also found for development of
safety-critical systems such as satellites. It will benefit current
and new clients. We further boosted the machine learning operations
architecture: Originally designed in 2021, first launched in May
2022, upgraded in December 2022 and again in May 2023, it now
enables scaling AI enrichments up to 100 billion machine learning
operations per day. Our AIs encompass all the typical traits and
benefits of our DNA: Multilingual for more than 100 languages,
accelerated for 24/7 billion-scale operation on the world’s media
coverage and directly integrated to end-user product features for
the benefit of all current and new clients. On December 1, 2023, we
launched a new generation of the technology dedicated for
sustainability reporting, which takes sustainability intelligence
to an unprecedented level of insight.
Annual reportThe annual report for 2023 is
available for download at www.hypefactors.com/investor
General meetingThe company's annual general
meeting will be held on May 30, at 16:00 at Hypefactors' premises,
Kronprinsessegade 8B in Copenhagen K.
Important reminder for all shareholders: Last day of
trading is May 14
As previously announced, Hypefactors will be delisted from
Nasdaq First North Growth Market. A decision that was backed by
98.44% of shareholders vote. All shareholders should be aware that
last day of trading will be May 14, 2024. The delisting of the
company’s shares from trading on Nasdaq First North Growth Market
Denmark will eliminate a formal marketplace for trading the
company’s shares. Instead, future transactions involving the
company’s stock will occur over the counter. This is expected to
reduce the liquidity of the company’s shares further. Consequently,
buying and selling company shares may become more challenging, and
transactions may require legal support, which the parties involved
in any over-the-counter dealings would need to fund independently.
A shareholder’s tax status regarding the shares may change, as the
shares will no longer be listed on a SME Growth Market. For
shareholders to stay updated after the delisting, please check
www.hypefactors.com/investor
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About Hypefactors A/S
Hypefactors is an AI based reputation and corporate trust
technology company, providing a tech platform to
support better media intelligence and
reputation/trust management.
Hypefactors combine data, analytics, technology, and tools to
provide
a unified and easy-to-use experience. With
all the tools to automate and ease the work, and all
the facts to document the results. In addition to media
monitoring across the different media channels, the platform
provides access to several facts, incl. automated documentation of
the monetary value and quality assessment of each third-party media
mention. The platform also contains other time-saving tools such as
automatically generated media reports and a mobile app giving
access to real-time media mentions. The company is listed at Nasdaq
Growth Market in Copenhagen, Denmark.
For more information, please contact:
Casper Janns, CEO: +45 20167481, e-mail:cj@hypefactors.com
Martin Michael Hansen, Chairman of the Board: + 45 20871845,
e-mail: mmh@yu.agency
Hypefactors A/S Kronprinsessegade 8B1306
Copenhagen K Denmarkwww.hypefactors.com
Certified AdviserBeierholm Corporate Finance
P/SØstergade 26B1100 København KKim Harpøth Jespersen, Partner, M
+4552150243, e-mail: k.jespersen@dk.oaklins.com
- Hypefactors_Annual-Report-2023