Inverite Announces Audited Consolidated Financial Results for Twelve Months Ending March 31, 2025, as Compared to the 15 Months Ending March 31, 2024
Inverite Insights Inc. (CSE: INVR) has released its audited financial results for the year ended March 31, 2025. The company reported significant improvements in key metrics, with verification fee revenue growing 23% on a comparable 12-month basis, reaching $1.2M. Operating expenses decreased by 25% to $3.8M, demonstrating improved operational efficiency.
Notable achievements include substantial reductions across various expense categories, including a 98% decrease in bad debts, 29% reduction in consulting fees, and 58% decrease in marketing expenses. The company has successfully streamlined operations by discontinuing non-core initiatives and focusing on its AI-driven platform development.
Inverite Insights Inc. (CSE: INVR) ha pubblicato i risultati finanziari certificati per l'anno conclusosi il 31 marzo 2025. La società ha registrato miglioramenti significativi nei principali indicatori, con un aumento del 23% dei ricavi dalle commissioni di verifica su base comparabile di 12 mesi, raggiungendo 1,2 milioni di dollari. Le spese operative sono diminuite del 25%, attestandosi a 3,8 milioni di dollari, dimostrando una maggiore efficienza gestionale.
Tra i risultati più rilevanti si evidenziano riduzioni sostanziali in diverse categorie di spesa, tra cui una diminuzione del 98% dei crediti inesigibili, una riduzione del 29% delle spese di consulenza e un calo del 58% delle spese di marketing. L'azienda ha ottimizzato le operazioni interrompendo iniziative non core e concentrandosi sullo sviluppo della sua piattaforma basata sull'intelligenza artificiale.
Inverite Insights Inc. (CSE: INVR) ha publicado sus resultados financieros auditados para el año finalizado el 31 de marzo de 2025. La compañía reportó mejoras significativas en métricas clave, con un crecimiento del 23% en los ingresos por tarifas de verificación en una base comparable de 12 meses, alcanzando $1.2 millones. Los gastos operativos disminuyeron un 25% hasta $3.8 millones, demostrando una mayor eficiencia operativa.
Entre los logros destacados se incluyen reducciones sustanciales en varias categorías de gastos, incluyendo una disminución del 98% en deudas incobrables, una reducción del 29% en honorarios de consultoría y una caída del 58% en gastos de marketing. La empresa ha optimizado sus operaciones al descontinuar iniciativas no centrales y enfocarse en el desarrollo de su plataforma impulsada por IA.
Inverite Insights Inc. (CSE: INVR)는 2025년 3월 31일 종료된 회계연도에 대한 감사된 재무 결과를 발표했습니다. 회사는 주요 지표에서 상당한 개선을 보고했으며, 12개월 비교 기준으로 검증 수수료 수익이 23% 증가하여 120만 달러에 달했습니다. 운영 비용은 25% 감소하여 380만 달러로, 운영 효율성이 향상되었음을 보여줍니다.
주요 성과로는 대손상각비가 98% 감소하고, 컨설팅 비용이 29% 줄었으며, 마케팅 비용이 58% 감소하는 등 다양한 비용 항목에서 상당한 절감이 있었습니다. 회사는 비핵심 사업을 중단하고 AI 기반 플랫폼 개발에 집중함으로써 운영을 효율화하는 데 성공했습니다.
Inverite Insights Inc. (CSE : INVR) a publié ses résultats financiers audités pour l'exercice clos le 31 mars 2025. La société a enregistré des améliorations significatives dans les indicateurs clés, avec une croissance de 23 % des revenus des frais de vérification sur une base comparable de 12 mois, atteignant 1,2 million de dollars. Les dépenses d'exploitation ont diminué de 25 % pour s'établir à 3,8 millions de dollars, démontrant une meilleure efficacité opérationnelle.
Parmi les réalisations notables figurent des réductions substantielles dans diverses catégories de dépenses, notamment une baisse de 98 % des créances douteuses, une réduction de 29 % des frais de conseil et une diminution de 58 % des dépenses marketing. L'entreprise a réussi à rationaliser ses opérations en abandonnant les initiatives non essentielles et en se concentrant sur le développement de sa plateforme basée sur l'intelligence artificielle.
Inverite Insights Inc. (CSE: INVR) hat seine geprüften Finanzergebnisse für das zum 31. März 2025 endende Jahr veröffentlicht. Das Unternehmen meldete deutliche Verbesserungen in wichtigen Kennzahlen, mit einem Wachstum der Verifizierungsgebühren um 23% auf vergleichbarer 12-Monats-Basis, was 1,2 Mio. USD entspricht. Die Betriebskosten sanken um 25% auf 3,8 Mio. USD, was eine verbesserte operative Effizienz zeigt.
Zu den bemerkenswerten Erfolgen zählen erhebliche Einsparungen in verschiedenen Kostenkategorien, darunter ein Rückgang der Forderungsausfälle um 98%, eine Reduzierung der Beratungskosten um 29% und ein Rückgang der Marketingausgaben um 58%. Das Unternehmen hat seine Abläufe durch die Einstellung nicht-kernrelevanter Initiativen gestrafft und konzentriert sich auf die Entwicklung seiner KI-gesteuerten Plattform.
- Verification fee revenue increased by 23% on a comparable 12-month basis
- Operating expenses decreased significantly by 25% to $3.8M
- Bad debts expense decreased by 98% to $1,622
- Successful cost reduction across multiple categories including marketing (58%) and professional fees (51%)
- Strategic focus on core AI platform showing improved operational efficiency
- Total revenue decreased by 20% to $1.24M (though primarily due to different reporting periods)
- Company still operating at a loss with expenses ($3.83M) significantly exceeding revenue ($1.24M)
- Required settlement of $1.35M in debt through share issuance
Verification Fee Revenue increased by
Operating Expenses decreased by
Settlement of
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers, announces its comparative 12-month audited financial results for the year ended March 31, 2025 and 15 months ending March 31, 2024.
Key financial highlights for the comparative 12-month period ended March 31, 2025 (15-month - March 31, 2024) include:
During the 12-month year-end, ending March 31, 2025, Inverite saw continued revenue growth with its opening banking platform, along with cost efficiencies in both operating expenses and financing costs.
Revenue
- The Company generated total revenues of
$1,242,529 (March 31, 2024 -$1,554,062) , representing a decrease of20% . The decrease in revenue was primarily due to 2024 being a 15-month period, compared to the standard 12-month period in 2025. - The Company generated verification fee revenue of
$1,198,377 (March 31, 2024 -$1,204,267) , a decrease of$5,890 or0.49% . This slight decline is attributed to the fact that the 2024 fiscal year covered a 15-month period, whereas the 2025 fiscal year covered the standard 12 months. On a comparable basis, the 12-month period ending March 31, 2024, generated$975,235 of verification revenue, representing an increase of$223,142 or23% .
Operating Expenses
For the year ended March 31, 2025, operating expenses were
The Company provides the following detailed information on variances and components of operating expenses:
- Cost of processing and services of
$331,797 (March 31, 2024 -$318,904) increased by$12,893 or4% driven by a higher volume of transactions and an increase in cloud platform fees. On a comparable basis, the 12-month period ending March 31, 2024, cost was$241,348 , representing an increase of$90,449 primarily due to the increase in cloud server fees. - Bad debts expense and allowance for loan impairment of
$1,622 (March 31, 2024 -$69,895) decreased by$68,273 , or98% , due to lower loan loss provisions associated with a lower loan portfolio value for its inactive Fast-Track loan program. On a comparable basis, the 12-month period ending March 31, 2024, cost was$43,408 representing a decrease of$41,786. - Consulting fees of
$563,297 (March 31, 2024 -$798,510) decreased by$235,213 , or29% , related to external consultants that the Company engaged with. On a comparable basis, the 12-month period ending March 31, 2024 cost was$643,327 , representing a decrease of$80,030. - Investor relations expense of
$97,542 (March 31, 2024 -$154,049) decreased by$56,507 , or37% , related to investor relations activities. On a comparable basis, the 12-month period ending March 31, 2024, cost was$127,573 representing a decrease of$30,031. - Marketing expenses of
$108,554 (March 31, 2024 -$259,062) decreased by$150,508 , or58% , related to discontinuing Accumulate.ai operations which incurred additional marketing services expenses to support its operations. On a comparable basis, the 12-month period ending March 31, 2024, cost was$243,573 , representing a decrease of$135,019. - Professional fees of
$154,433 (March 31, 2024 -$318,228) decreased by$163,795 , or51% , related to legal and audit fees. On a comparable basis, the 12-month period ending March 31, 2024, cost was$220,735 , representing a decrease of$66,302. - Salaries and benefits of
$1,266,735 (March 31, 2024 -$1,789,232) decreased by$522,497 , or29% , due to the reduction of employees. On a comparable basis, the 12-month period ending March 31, 2024, expense was$1,358,554 , representing a decrease of$91,819. - Software and platform technology services of
$291,902 (March 31, 2024 -$454,501) decreased by$162,599 , or36% , related to technology and software costs associated with providing the Company's products and services. On a comparable basis, the 12-month period ending March 31, 2024, expense was$325,155 , representing a decrease of$33,253.
Key financial highlights for the 3-month period ended March 31, 2025, include:
Revenue
The Company generated total revenues of
The Company generated verification fee revenue of
Operating Expenses
Operating expenses decreased by
The Company provides the following detailed information on variances and components of operating expenses:
- Cost of processing and services of
$79,261 (March 31, 2024 -$59,023) increased by$20,238 , or34% , driven by a higher volume of transactions and an increase in cloud server fees. - Administration costs of
$50,153 (March 31, 2024 -$53,227) decreased by$3,074 , or6% , due to streamlining costs and improved efficiencies implemented by management. Administration costs are mostly comprised of office expenses, rent, telephone and utilities. - Bad debts and allowance for loan impairment of reversal of
$29,509 (March 31, 2024 - loss of$11,434) due to lower loan loss provisions associated with a lower loan portfolio value for its inactive Fast-Track loan program and the recovery of previously written off loans. - Consulting fees of
$145,584 (March 31, 2024 -$142,091) which is comparable to prior period. - Investor relations fees of
$820 (March 31, 2024 -$51,018) decreased by$50,198 , or98% , as the Company decreased its investor activities. - Marketing fees of
$22,476 (March 31, 2024 -$46,906) decreased by$24,430 , or52% , as the Company discontinued Accumulate.ai business. - Professional fees of
$34,500 (March 31, 2024 -$47,644) decreased by$13,144 , or28% , related to legal and audit fees. - Salaries and benefits of
$328,811 (March 31, 2024 -$327,650) which is comparable to prior period. - Software and platform technology services of
$136,943 (March 31, 2024 -$67,534) an increase of$69,409 , or103% , primarily due to higher expenditures related to data science initiatives.
"This past year demonstrated the power of staying focused on what we do best. We achieved
A comprehensive discussion of Inverite's financial position and results of operations is provided in the condensed consolidated interim financial statements and management's discussion and analysis for the fifteen-month period ended March 31, 2025, are filed on SEDAR+ at www.sedarplus.ca.
About Inverite Insights Inc.
Inverite Insights Inc. ("Inverite") (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 27.5 billion financial data points from more than seven million unique Canadian consumers requests, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.
For further information about Inverite, please visit: inverite.com.
ON BEHALF OF THE BOARD,
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104 Email: ir@inverite.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider/Market Maker (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor has in any way passed upon the merits of the proposed transaction nor approved or disapproved the contents of this press release.
Forward-Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260605
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