JonnyRBuck12
3 semanas hace
InsuraGuest Grows Revenues 21% and Increases Gross Margin by 44% Over Last Year
2025-02-24 06:36 ET - News Release
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 21% year-over-year revenue increase to $491,204 for the six months ended December 31, 2024 and a 44% year-over-year gross margin increase to $328,513 during this period. The addition of new vacation rental properties and a full six months of revenue from our newest customer contributed to these gains. Improved cost management also helped reduced the comprehensive loss from $382,049 to $122,810.
"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
JonnyRBuck12
3 semanas hace
Another good quarter from ISGI. With 108 of the 172 million shares held by insiders and management and a 5 year growth trend that continues at a steady pace, this stock will eventually start making its trajectory upward. See fiscal yearly numbers in the chart below.
Year March June September December Fiscal Year End
2019 $4,534 $5,579 $4,712 $9,841 $24,666
2020 $27,094 $7,575 $27,761 $48,913 $111,343
2021 $46,803 $32,738 $6,585 $38,356 $124,482
2022 $187,759 $46,531 $81,405 $171,969 $487,664
2023 $285,666 $135,744 $181,134 $226,162 $828,706
2024 $341,132 $256,877 $253,268 $237,936 $1,089,213
JonnyRBuck12
2 meses hace
InsuraGuest Launches Luxury Insurance Coverage Solution for Its Hospitality Liability Product Suite
https://www.newsfilecorp.com/release/235983/InsuraGuest-Launches-Luxury-Insurance-Coverage-Solution-for-Its-Hospitality-Liability-Product-Suite
Newsfile Corp. - January 6, 2025) - InsuraGuest Technologies, Inc.® (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), a leading Insurtech innovator, is pleased to announce the launch of a new luxury insurance coverage solution, further expanding its subscription-based business offerings.
The new coverage is designed to address the unique needs of luxury vacation rentals by providing protection for high-value items. The decision to introduce this luxury coverages follows direct feedback from property owners in the high-end segment, who sought enhanced coverage for valuable assets at a risk of accidental damage or theft by guests.
"We are excited to introduce this new luxury coverage solution," said Reed Wright, President of InsuraGuest Technologies Inc. "By adding this coverage, we continue to expand our technology stack to meet the evolving needs of our customers. This solution will enable our growing customer base, including luxury properties, to better protect their assets, and it reinforces our position as a leader in the hospitality insurance space. Additionally it supports our long-term goal of achieving profitability while driving further growth in our covered properties and ski ticket sales."
InsuraGuest's platform, which has already proven successful in providing specialized Hospitality Liability and Sports & Events Activity insurance, now offers an added layer of security for luxury properties. This premium coverage is designed to ensure that owners and operators can confidently offer vacation rentals or hotel stays, knowing their valuable items are protected. Full details of the coverage are available at InsuraGuest Premium Coverage.
About InsuraGuest Technologies Inc.
Harnessing the Power of Technology to Reinvent Insurance
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an innovative Insurtech company. InsuraGuest delivers insurance and/or warranty program coverages to vacation rentals, hotels, resorts, and ticketed events, including sports activities. The Company provides its clients with a streamlined, tech-driven solution for managing risks and protecting assets in the hospitality sector. With a continued focus on growth and profitability, InsuraGuest is expanding its product offerings to meet the needs of a rapidly evolving marketplace.
CA / LIC: 6001686
For more information, visit the company's website at: www.InsuraGuest.com
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Reed Wright
media@InsuraGuest.com
JonnyRBuck12
2 meses hace
ISGIF 5 Year Performance Chart:
Year Revenue Profit/(Loss) Total Assets Total Liabilities Common Shares
2020 $49,222 -$1,533,918 $562,692 $863,885 41,360,777
2021 $97,859 -$1,438,035 $1,136,302 $205,402 52,804,944
2022 $345,205 -$1,451,728 $720,065 $266,275 59,304,675
2023 $674,784 -$735,835 $199,230 $466,615 59,304,675
2024 $1,005,305 -$657,366 $651,337 $453,454 170,533,822
2025 Q1 $253,268 -$72,304 $591,726 $447,612 170,533,822
Apologies for the messy layout, but this is an old site and they do not offer the ability to post images or table charts. Point I'm trying to make is that the company has 20X its revenue in 4 years and continues to grow, nearing profitability.
JonnyRBuck12
2 meses hace
Straight forward insurance tech growth story which should achieve profitability in 2025. This estimate is based on their five year sales performance chart. Established in Utah, the company sells vacation rental insurance to Hotels, Airbnb, VRBO, as well as sports and recreational insurance.
The current float consists of the following:
170 million common shares. A majority of these shares are held by directors and officers of the company.
28.4 million warrants. Almost all of these warrants are not exercisable until $0.20. A hefty portion of them will be expiring at the end of February of this year.
2.85 million options. These are exercisable at $0.02. However, there is a disclaimer written in the 2024 audited financial results which states: "The options become exercisable when the Company’s vacation rental subscription program reaches 1,200 properties and will remain exercisable for 2 years after reaching that milestone."
AveragePenny
3 años hace
$ISGIF $ISGI.V InsuraGuest Increases Property Damage Ceiling To $25,000 For Vacation Rental Policy Holders
https://www.accesswire.com/665375/insuraguest-increases-property-damage-ceiling-to-25000-for-vacation-rental-policy-holders
Leading InsurTech Platform Combines Ease-Of-Use and Peace-Of-Mind for Short-Term Vacation Rental Owners and Hotel Properties
VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly owned U.S. hospitality subsidiary InsuraGuest®, announces it has increased its vacation rental Property Damage coverage to $25,000 per reservation.
In addition to offering the only primary no fault medical coverage on the market today, InsuraGuest has raised its Property Damage coverage to $25,000 per reservation. Now InsuraGuest customers can select the level of coverage desired on their vacation rental insurance. These packaged Property Damage coverages include $1,000, $10,000, and now $25,000 per reservations.
Reed Wright, President of InsuraGuest Technologies, stated, "Our high-end vacation rental customers have requested the ability to secure more coverage and we answered the call. Now our customers can choose the Property Damage coverage that addresses their specific needs. At the same time, we are providing the vacation rental insurance sector with one of the largest Property Damage policies on the market today."
AveragePenny
3 años hace
$ISGIF $ISGI.V InsuraGuest Signs Vendor Agreement with Vacation Rental PMS Lightmaker Property Manager (LMPM) and Begins API Integration
https://www.accesswire.com/663800/insuraguest-signs-vendor-agreement-with-vacation-rental-pms-lightmaker-property-manager-lmpm-and-begins-api-integration
VANCOUVER, BC / ACCESSWIRE / September 14, 2021 / InsuraGuest Technologies, Inc.® (TSXV:ISGI)(OTCQB:ISGIF) ("InsuraGuest" or the "Company"), through its wholly owned U.S. hospitality subsidiary InsuraGuest®, is pleased to announce it has signed a vendor agreement with LMPM, one of the world's best property management systems for vacation rentals, and begun integration with their API.
InsuraGuest will soon be able to be purchased by users of LMPM, including professional hosts and property management companies. Once in use, the Host will use InsuraGuest's insurance coverages as their primary no fault medical policy with a property rider to address claims made by guests.
Reed Wright, President of InsuraGuest Technologies, stated, "The vacation rental sector grew eight-nine percent (89%) last year. So, our focus moving forward is to connect to as many vacation rental property management systems (PMS) as we can. The more PMS systems we connect to, the more properties listings we can access, and the more InsuraGuest's insurance products we can sell."
Vacation Rental Operators
The Vacation Rental property automatically attach the InsuraGuest coverage to each reservation, which activates the coverage at check-in and de-activates it upon check-out, covering the property if a guest is injured. The coverage is on a no-fault primary basis, which means InsuraGuest pays the claim first, if a guest is injured, no matter who's fault it is!
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NPBS
4 años hace
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