Inverite Announces Financial Results for Six and Three-Months Ending September 30, 2025

Executive Summary

• Verification fee revenue rose 15.4% YoY to $711,106 for the six months ended Sept 30 2025 and 16.6% YoY to $360,620 for the quarter ended Sept 30 2025.
• Operating expenses fell ~22% year‑over‑year, decreasing $411,017 to $1,435,136 (six‑month) and $201,123 to $690,430 (quarter).
• Net loss narrowed 47% YoY to $692,790 for the six months and 52% YoY to $294,754 for the quarter, reflecting lower share‑based compensation and one‑time accounting adjustments.

Key Details

• Six‑Month Revenue: Verification fees $711,106 (↑15.4% from $616,449 in 2024).
• Quarterly Revenue: Verification fees $360,620 (↑16.6% from $309,410 in 2024).
• Operating Expenses – Six Months: $1,435,136 (↓22%, −$411,017 vs. $1,846,153 in 2024).
• Operating Expenses – Quarter: $690,430 (↓22.6%, −$201,123 vs. $891,553 in 2024).
• Net Loss – Six Months: $692,790 (↓47% from $1,310,477 in 2024), driven by reduced share‑based payments and write‑off gains on accounts payable.
• Net Loss – Quarter: $294,754 (↓52% from $620,093 in 2024), primarily due to a one‑time accounting adjustment to fees.
• Data Platform Scale: Database now exceeds 30 billion data points covering >7 million Canadian consumer transactions.
• Equity Incentive Grant: 590,000 stock options granted to directors and employees at $0.37 strike price; five‑year term; all vest upon grant; pending CSE approval.

Notable Quotes

“The improvements in our financial results this period reflect deliberate choices we made over the past year to strengthen the business… The continued expansion of our financial data platform… positions us well for the next phase of our product and commercial roadmap.” – Karim Nanji, CEO