Business
Inverite Announces Audited Consolidated Financial Results for Twelve Months Ending March 31, 2025, as Compared to the 15 Months Ending March 31, 2024
Verification Fee Revenue increased by 23% for the 12-month period ending March 31, 2025.Operating Expenses decreased by 25% over the same period. Settlement of $1.35M in debt for Shares.Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers, announces its comparative 12-mon
About this update from Inverite Insights Inc
[{"type":"text","content":"Verification Fee Revenue increased by 23% for the 12-month period ending March 31, 2025.","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Operating Expenses decreased by 25% over the same period. ","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"Settlement of $1.35M in debt for Shares.","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers, announces its comparative 12-month audited financial results for the year ended March 31, 2025 and 15 months ending March 31, 2024.","length":428,"tagName":"p"},{"type":"text","content":"Key financial highlights for the comparative 12-month period ended March 31, 2025 (15-month - March 31, 2024) include:","length":118,"tagName":"p"},{"type":"text","content":"During the 12-month year-end, ending March 31, 2025, Inverite saw continued revenue growth with its opening banking platform, along with cost efficiencies in both operating expenses and financing costs.","length":202,"tagName":"p"},{"type":"text","content":"Revenue ","length":7,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company generated total revenues of $1,242,529 (March 31, 2024 - $1,554,062), representing a decrease of 20%. The decrease in revenue was primarily due to 2024 being a 15-month period, compared to the standard 12-month period in 2025.","length":238,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company generated verification fee revenue of $1,198,377 (March 31, 2024 - $1,204,267), a decrease of $5,890 or 0.49%. This slight decline is attributed to the fact that the 2024 fiscal year covered a 15-month period, whereas the 2025 fiscal year covered the standard 12 months. On a comparable basis, the 12-month period ending March 31, 2024, generated $975,235 of verification revenue, representing an increase of $223,142 or 23%.","length":437,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":675,"olType":false},{"type":"text","content":"Operating Expenses","length":18,"tagName":"p"},{"type":"text","content":"For the...