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." Performance Numbers in US Dollars:
InsuraGuest Launches Luxury Insurance Coverage Solution for Its Hospitality Liability Product Suite https://www.newsfilecorp.com/releas...n-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 [email protected]
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
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 [email protected]
