Inverite's Financial Results for Three Months Ending June 30, 2025

Rhea-AI Summary

Inverite Insights Inc. (CSE: INVR) reported its financial results for Q2 2025, showing significant growth and operational efficiency improvements. The company's verification fee revenue increased 14% to $350,486 compared to the same period in 2024, while operating expenses decreased by 22% to $744,706.

Notable achievements include the expansion of Inverite's financial database to over 28 billion data points from more than 8 million Canadian consumer transactions. The company demonstrated strong cost management across multiple areas, with significant reductions in software and platform technology services (90% decrease), administration costs (7% decrease), and consulting fees (6% decrease).

Positive

• Verification fee revenue grew 14% year-over-year to $350,486
• Operating expenses reduced by 22% to $744,706
• Software and platform costs decreased 90% to $6,536
• Database expanded to 28 billion data points from 8 million Canadian consumer transactions
• Administration costs decreased 7% to $37,134
• Consulting fees reduced by 6% to $130,680

Negative

• Professional fees increased 66% to $57,230
• Reduction in workforce indicated by 2% decrease in salaries and benefits

Verification Fee Revenue increased by 14% over the same period year prior.

Operating Expenses decreased by 22% over the same period.

Continued strong Industry Interest in our proprietary AI Open Banking Ready Platform.

Inverite's financial database has surpassed 28 billion data points from over eight million Canadian consumer transactions.

Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers. Inverite announces its three-month financial results for the period ended June 30, 2025, compared to June 30, 2024. The Company continues to achieve strong revenue growth and lower costs, on its path towards financial sustainability.

Key financial highlights for the three-month period ended June 30, 2025, include:

During the three-month period ending June 30, 2025, Inverite saw continued revenue growth with its opening banking ready platform and cost reductions in both operating expenses and financing costs.

• The Company increased verification fee revenue by 14% to $350,486 (June 30, 2024 - $307,039). Inverite continues to see its transaction volumes increase which contributed to the increase in verification fee revenues over the comparative period in 2024.
• The Company saw operating expenses decrease by 22% or $209,894 to $744,706 (June 30, 2024 - $954,600) as the Company continues improve efficiencies.
• The Company saw administration costs decrease by 7% or $2,865 to $37,134 (June 30, 2024 - $39,999) due to cost management measures initiated by the Company.
• The Company saw consulting fees decrease by 6% or $8,205 to $130,680 (June 30, 2024 - $138,885) due to the lower use of outside consultants.
• The Company saw salaries and benefits costs decrease by 2% or $5,339 to $316,497 (June 30, 2024 - $321,836) due to reduction of employees.
• Software and platform technology services of $6,536 (June 30, 2024 - $63,350) decreased by $56.813 or 90% related to technology and software costs with Inverite Verification transactions.
• Investor relations expense reversal of $1,870 (June 30, 2024 - $24,492) a decrease of $26,362 due to the Company decreasing its investor relations activities.
• Professional fees of $57,230 (June 30, 2024 - $34,502) increased by $22,728 or 66% related to legal and audit fees.

Karim Nanji, CEO of Inverite, adds, "Our continued growth in verification revenue, coupled with operational efficiencies, reinforces the strength of Inverite's real-time financial insights engine. Surpassing 28 billion data points and 8 million unique consumer transactions marks a significant milestone, demonstrating the scale and impact of our technology in the evolving financial landscape. Our proprietary scoring solutions, built on alternative financial data, are helping lenders make smarter, more inclusive credit decisions while reducing default risk. As we continue expand our network of lenders and financial partners, we remain committed to delivering innovative solutions that drive data-backed decision-making. The increasing industry adoption of our open banking ready platform underscores the growing demand for alternative data in financial services, positioning us for sustained growth and long-term value creation for our stakeholders."

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 three-month period ended June 30, 2025, are filed on SEDAR+ at www.sedarplus.ca.

About Inverite Insights Inc.

Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite") is a Vancouver-based, AI-driven software provider specializing in real-time financial data. With a vast database of over 28 billion financial data points from more than eight 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

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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/264574

FAQ

What was Inverite's (INVRD) revenue growth in Q2 2025?

Inverite reported a 14% increase in verification fee revenue to $350,486 compared to $307,039 in Q2 2024.

How much did Inverite reduce its operating expenses in Q2 2025?

Inverite reduced its operating expenses by 22% to $744,706, down from $954,600 in the same period last year.

What is the current size of Inverite's financial database?

Inverite's financial database has grown to over 28 billion data points from more than 8 million Canadian consumer transactions.

How did Inverite's software and platform technology costs change in Q2 2025?

Software and platform technology services costs decreased by 90% to $6,536 from $63,350 in the previous year.

What were the major cost reductions achieved by Inverite in Q2 2025?

Inverite achieved cost reductions across multiple areas: operating expenses (-22%), administration costs (-7%), consulting fees (-6%), and salaries and benefits (-2%).