InsuraGuest Reports 15% Gross Margin Growth and 54% Reduction in Net Loss Year-Over-Year

Rhea-AI Summary

InsuraGuest Technologies (OTCQB: ISGIF) has reported strong financial improvements for the nine months ended March 31, 2025. The company achieved a 15% year-over-year increase in gross margin dollars, supported by a $47,476 revenue increase and gross margin percentage improvement from 61% to 65.8%. The growth was attributed to vacation rental property expansion and nine months of revenue from a new customer.

The insurtech company significantly reduced its comprehensive loss by 54%, from $379,720 to $174,731, through strategic cost management. President Reed Wright highlighted the company's growing recognition in vacation rental, hotel, and events sectors as they progress toward profitability.

Positive

• 15% year-over-year increase in gross margin dollars
• Gross margin percentage improved from 61% to 65.8%
• 54% reduction in comprehensive loss (from $379,720 to $174,731)
• Revenue increased by $47,476
• Expansion of vacation rental properties portfolio

Negative

• Company still operating at a loss despite improvements ($174,731 comprehensive loss)

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading innovator in the Insurtech space, has announced its financial results for the nine months ended March 31, 2025, highlighting significant growth and improved financial efficiency.

The Company achieved a 15% year-over-year increase in gross margin dollars driven by a $47,476 boost in revenue and an improvement in gross margin percentage from 61% to 65.8%. The expansion of vacation rental properties and a full nine months of revenue from our newest customer contributed to this upward trend. Additionally, strategic cost management efforts led to a 54% reduction in comprehensive loss, decreasing from $379,720 to $174,731.

"We continue to expand our vacation rental portfolio and enhance our insurtech solutions," says President Reed Wright. "Our technology stack and products are increasingly recognized as industry leaders in the vacation rental, hotel, and events sectors, fueling revenue growth and driving us 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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253617

FAQ

What was InsuraGuest's (ISGIF) gross margin growth in Q1 2025?

InsuraGuest reported a 15% year-over-year increase in gross margin dollars, with gross margin percentage improving from 61% to 65.8%.

How much did InsuraGuest (ISGIF) reduce its net loss in Q1 2025?

InsuraGuest reduced its comprehensive loss by 54%, decreasing from $379,720 to $174,731 year-over-year.

What drove InsuraGuest's (ISGIF) revenue growth in Q1 2025?

The revenue growth was driven by expansion of vacation rental properties and a full nine months of revenue from their newest customer, resulting in a $47,476 increase.

What sectors does InsuraGuest (ISGIF) operate in?

InsuraGuest operates in the insurtech space, specifically serving the vacation rental, hotel, and events sectors.