- InsuraGuest Technologies (ISGIF, Financial) reports a 15% increase in gross margin dollars year-over-year.
- The company's net loss reduced by 54%, from $379,720 to $174,731.
- Revenue increased by $47,476, attributed to the expansion of vacation rental properties.
InsuraGuest Technologies (OTCQB: ISGIF) has released its financial results for the nine months ending March 31, 2025, demonstrating notable financial advancements. The company reported a 15% year-over-year increase in gross margin dollars, bolstered by a $47,476 surge in revenue. This improvement was reflected in the gross margin percentage, which rose from 61% to 65.8%.
Driving these results was the expansion of InsuraGuest’s vacation rental property portfolio, along with a full nine months' revenue from a new client, which significantly contributed to the company's revenue growth.
In a strategic move, InsuraGuest successfully reduced its comprehensive loss by 54%, bringing it down from $379,720 to $174,731. The company attributed this reduction to effective cost management strategies.
Reed Wright, President of InsuraGuest, emphasized the company's growing presence in the vacation rental, hotel, and events sectors. Wright noted how InsuraGuest’s tech-driven risk management solutions are increasingly recognized as industry leaders, driving the company towards profitability.
