Inverite Insights loses $294,754 in September quarter

Executive Summary

• Inverite Insights Inc. reported financial results for the six and three months ended September 30, 2025, highlighting a 47% reduction in net loss and significant revenue growth driven by increased transaction volumes.
• The company achieved a net loss of $692,790 for the six-month period, a decrease of $617,687 (47%) compared to the same period in 2024, primarily due to reduced share-based payments and gains on account payable write-offs.
• Operating expenses decreased by 22% to $1,435,136 for the six-month period, while verification fee revenue increased by 15.4% to $711,106, reflecting improved operational efficiencies and cost controls.

Key Details

• Six-Month Period (Ended Sept 30, 2025):
  • Verification Fee Revenue: Increased by 15.4% to $711,106 (vs. $616,449 in Sept 30, 2024).
  • Operating Expenses: Decreased by 22% ($411,017) to $1,435,136 (vs. $1,846,153 in Sept 30, 2024).
  • Net Loss: Recorded at $692,790, a decrease of $617,687 or 47% from the net loss of $1,310,477 in the prior year period.
  • Key Drivers: Reduction in share-based payments and gain on write-offs of account payable.
• Three-Month Period (Ended Sept 30, 2025):
  • Verification Fee Revenue: Generated $360,620, an increase of 16.6% over the comparable period in 2024 ($309,410).
  • Operating Expenses: Decreased by $201,123 (22.6%) to $690,430 (vs. $891,553 in Sept 30, 2024).
  • Net Loss: Recorded at $294,754, compared to a net loss of $620,093 in the prior year period.
  • Key Drivers: One-time accounting adjustment to accounting fees.
• Corporate Actions:
  • Stock Options: Grant of 590,000 stock options to directors and employees under the omnibus equity incentive plan.
  • Option Terms: Strike price of 37 cents; term of five years; all options vest upon grant.
  • Approval Status: Subject to approval of the Canadian Securities Exchange.
• Operational Metrics:
  • Financial data platform now exceeds 30 billion data points.
  • Database covers more than seven million unique Canadian consumer transactions.

Notable Quotes

• Karim Nanji, CEO: "The improvements in our financial results this period reflects deliberate choices we made over the past year to strengthen the business and focus on the areas that matter most to our customers and partners. The reductions in operating expenses were intentional and targeted -- allowing us to support revenue growth while improving efficiency and narrowing our path to break even."
• Karim Nanji, CEO: "At the same time, the continued expansion of our financial data platform, now exceeding 30 billion data points, demonstrates the scale of real-time consumer data activity we support across Canada. We believe this foundation positions us well for the next phase of our product and commercial road map."