Latest news with #ReedWright
Globe and Mail
28-05-2025
- Business
- Globe and Mail
InsuraGuest Reports 15% Gross Margin Growth and 54% Reduction in Net Loss Year-Over-Year
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: 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.
Yahoo
28-05-2025
- Business
- Yahoo
InsuraGuest Reports 15% Gross Margin Growth and 54% Reduction in Net Loss Year-Over-Year
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: 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 RelationsReed Wrightmedia@ ### To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
