InsuraGuest Grows Revenues 21% and Increases Gross Margin by 44% Over Last Year
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) reported strong financial results for the six months ended December 31, 2024, with a 21% year-over-year revenue increase to $491,204 and a 44% gross margin improvement to $328,513.
The company's growth was driven by the expansion of vacation rental properties and a full six-month revenue contribution from their newest customer. Improved cost management helped reduce the comprehensive loss from $382,049 to $122,810. The company continues to strengthen its position in the vacation rental, hotel, and events sectors through its insurtech solutions.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) ha riportato risultati finanziari solidi per i sei mesi terminati il 31 dicembre 2024, con un aumento del fatturato del 21% rispetto all'anno precedente a $491,204 e un miglioramento del margine lordo del 44% a $328,513.
La crescita dell'azienda è stata guidata dall'espansione delle proprietà in affitto per le vacanze e da un contributo completo di fatturato di sei mesi proveniente dal loro cliente più recente. Un miglioramento nella gestione dei costi ha contribuito a ridurre la perdita complessiva da $382,049 a $122,810. L'azienda continua a rafforzare la propria posizione nei settori degli affitti per le vacanze, degli hotel e degli eventi attraverso le sue soluzioni insurtech.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) reportó resultados financieros sólidos para los seis meses que terminaron el 31 de diciembre de 2024, con un aumento del 21% en los ingresos interanuales a $491,204 y una mejora del margen bruto del 44% a $328,513.
El crecimiento de la empresa fue impulsado por la expansión de propiedades de alquiler vacacional y una contribución completa de ingresos de seis meses de su cliente más reciente. La mejora en la gestión de costos ayudó a reducir la pérdida integral de $382,049 a $122,810. La empresa continúa fortaleciendo su posición en los sectores de alquiler vacacional, hotelería y eventos a través de sus soluciones insurtech.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF)는 2024년 12월 31일 종료된 6개월 동안 강력한 재무 결과를 보고했으며, 전년 대비 21%의 수익 증가로 $491,204에 이르고, 44%의 총 이익률 개선으로 $328,513에 달했습니다.
회사의 성장은 휴가 임대 부동산의 확장과 가장 최근 고객으로부터의 6개월 전체 수익 기여로 촉진되었습니다. 비용 관리 개선은 종합 손실을 $382,049에서 $122,810으로 줄이는 데 도움이 되었습니다. 회사는 insurtech 솔루션을 통해 휴가 임대, 호텔 및 이벤트 분야에서의 입지를 계속 강화하고 있습니다.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) a rapporté des résultats financiers solides pour les six mois se terminant le 31 décembre 2024, avec une augmentation des revenus de 21% par rapport à l'année précédente à 491,204 $ et une amélioration de la marge brute de 44% à 328,513 $.
La croissance de l'entreprise a été soutenue par l'expansion des propriétés de location de vacances et une contribution de revenus complète de six mois de son plus récent client. Une meilleure gestion des coûts a permis de réduire la perte globale de 382,049 $ à 122,810 $. L'entreprise continue de renforcer sa position dans les secteurs de la location de vacances, de l'hôtellerie et des événements grâce à ses solutions insurtech.
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) berichtete über starke Finanzergebnisse für die sechs Monate bis zum 31. Dezember 2024, mit einem Umsatzanstieg von 21% im Jahresvergleich auf $491,204 und einer Verbesserung der Bruttomarge um 44% auf $328,513.
Das Wachstum des Unternehmens wurde durch die Erweiterung von Ferienmietobjekten und einen vollständigen sechsmonatigen Umsatzbeitrag von ihrem neuesten Kunden vorangetrieben. Verbesserte Kostenmanagement half, den umfassenden Verlust von $382,049 auf $122,810 zu reduzieren. Das Unternehmen stärkt weiterhin seine Position in den Bereichen Ferienvermietung, Hotel und Veranstaltungen durch seine Insurtech-Lösungen.
- Revenue increased 21% YoY to $491,204
- Gross margin improved 44% YoY to $328,513
- Comprehensive loss reduced by 68% from $382,049 to $122,810
- Expansion of vacation rental property portfolio
- Company still operating at a loss of $122,810
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading Insurtech innovator, announces its financial results for the six months ended December 31, 2024.
The Company achieved a
"We continue to grow our vacation rental properties and enhance our insurtech solutions," says President Reed Wright. "Our technology stack and products continue to be recognized as an industry leader in the vacation rental, hotel, and events sectors, which is driving revenue growth towards profitability."
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an innovative Insurtech company delivering insurance and warranty coverages to vacation rentals, hotels, resorts, and ticketed events. The Company offers tech-driven risk management solutions in the hospitality sector and continues to expand its offerings to meet market demands.
CA / LIC: 6001686
For more information, visit the company's website at: www.InsuraGuest.com
The Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance and hospitality industries face increasing, and every-changing governmental regulation. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Reed Wright
media@InsuraGuest.com
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