Insig AI PLC

Narrowing Losses Amid Revenue Dip: Six-Month Financial Tightrope

By Elric Langton | 20 December 2023

Elric and Mike have a financial interest in Insig AI.

Insig AI’s unaudited interim results for the first half of 2023 are out, and they’re painting a picture that’s more optimistic than a lottery ticket seller on rollover night. BTW, I stopped buying lottery tickets years ago.

First, the Chairman’s Richard Bernstein - statement reads like a carefully scripted drama, focusing on their work with the FCA and a new method for evaluating corporate reporting transparency to keep tabs on those pesky corporate attempts to greenwash their accounts. It’s a noble pursuit, but one can’t help but wonder if it’s a tad ambitious, especially considering the regulatory labyrinth that is corporate reporting. Perhaps my perception is being manipulated by the two years of slow progress. However, he has the contacts in the city, so we have that.

Their involvement in the FCA’s GFIN Greenwashing TechSprint is notable, but let’s not start handing out medals just yet; investors need to see tangible results that result in share price appreciation. Insig has been given a permanent spot in the FCA’s digital sandbox, which is a bit like being the best player on the bench – good, as long they are not too long on it.

Then there’s the much-trumpeted Transparency and Disclosure Index (TDI). Their tool aims to be a beacon of clarity in a world drowning in corporate reports. However, one must question whether this tool solves the problem or is just another drop in corporate data analysis as more and more influential people in finance and the corporate world fight back against the WEF infleunce-peddling.