Business
Inverite's Financial Results for Three Months Ending June 30, 2025
Verification Fee Revenue increased by 14% over the same period year prior. Operating Expenses decreased by 22% over the same period. Continued strong Industry Interest in our proprietary AI Open Banking Ready Platform.Inverite's financial database has surpassed 28 billion data points from over eight million Canadian consumer transactions.Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), is a leading..
About this update from Inverite Insights Inc
[{"type":"text","content":"Verification Fee Revenue increased by 14% over the same period year prior. ","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"Operating Expenses decreased by 22% over the same period. ","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"Continued strong Industry Interest in our proprietary AI Open Banking Ready Platform.","length":85,"tagName":"p","attribs":{}},{"type":"text","content":"Inverite's financial database has surpassed 28 billion data points from over eight million Canadian consumer transactions.","length":126,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite"), is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers. Inverite announces its three-month financial results for the period ended June 30, 2025, compared to June 30, 2024. The Company continues to achieve strong revenue growth and lower costs, on its path towards financial sustainability.","length":542,"tagName":"p"},{"type":"text","content":"Key financial highlights for the three-month period ended June 30, 2025, include:","length":81,"tagName":"p"},{"type":"text","content":"During the three-month period ending June 30, 2025, Inverite saw continued revenue growth with its opening banking ready platform and cost reductions in both operating expenses and financing costs.","length":197,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company increased verification fee revenue by 14% to $350,486 (June 30, 2024 - $307,039). Inverite continues to see its transaction volumes increase which contributed to the increase in verification fee revenues over the comparative period in 2024.","length":252,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company saw operating expenses decrease by 22% or $209,894 to $744,706 (June 30, 2024 - $954,600) as the Company continues improve efficiencies.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company saw administration costs decrease by 7% or $2,865 to $37,134 (June 30, 2024 - $39,999) due to cost management measures initiated by the Company.","length":156,"tagName":"p"}]},{"val":[{"type...