InsuraGuest Grows Gross Margin 96% and Reduces Expenses 58%
InsuraGuest Grows Gross Margin 96% and Reduces Expenses 58%
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - InsuraGuest Technologies, Inc. (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), announces its Company quarterly numbers for the three and nine months ended March 31, 2023.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年5月30日)-InsuraGuest Technologies，Inc.(多倫多證券交易所股票代碼：ISGI)(場外交易市場代碼：ISGIF)(以下簡稱“InsuraGuest”或“公司”)公佈了截至2023年3月31日的三個月和九個月的公司季度數位。
InsuraGuest Technologies Inc. is a publicly traded Canadian insurtech (insurance + technology) software company ("ISGI") with offices in Vancouver, British Columbia and Salt Lake City, Utah. Our proprietary software platform delivers digitally embedded, opt-in, and subscription-based insurance packages directly to our members on a business-to-business and business-to-consumer basis. The Company also provides insurance agents and brokers the ability to sign up instantly online through its automated agency/broker software platform. These brokers and agents then become channels to sell the Company's products to their own customers, speeding up the process of distributing products through the insurtech platform.
InsuraGuest Technologies Inc.是一家上市的加拿大保險技術(保險+技術)軟體公司(“ISGI”)，在不列顛哥倫比亞省溫哥華和猶他州鹽湖城設有辦事處。我們的專有軟體平臺在企業對企業和企業對消費者的基礎上，直接向我們的成員提供數位嵌入、選擇加入和基於訂閱的保險套餐。該公司還為保險代理人和經紀人提供了通過其自動代理/經紀軟體平臺立即在線註冊的能力。然後，這些經紀人和代理人成為向自己的客戶銷售公司產品的渠道，加快了通過保險技術平臺分銷產品的過程。
Quarter Ended March 31, 2023
截至2023年3月31日的季度
During the three months ended March 31, 2023, the Company generated revenues of $285,666 leading to $174,330 of gross margin versus $137,759 revenue and $86,048 gross margin for the same period in fiscal 2022. During the three months ended March 31, 2023, the Company recorded a comprehensive loss of $100,346 as compared to a comprehensive loss of $208,126, for the quarter ended March 31, 2022. The decrease in comprehensive loss was primarily due to a $88,282 increase in gross margin from higher revenues along with a $38,638 reduction in operating expenses.
在截至2023年3月31日的三個月中，該公司的收入為285,666美元，毛利率為174,330美元，而2022財年同期的收入為137,759美元，毛利率為86,048美元。在截至2023年3月31日的三個月中，公司錄得綜合虧損100,346美元，而截至2022年3月31日的季度綜合虧損為208,126美元。綜合虧損的減少主要是由於收入增加帶來的毛利增加了88,282美元，同時運營費用減少了38,638美元。
Revenue increased $147,907 from $137,759 for the three months ended March 31, 2022 to $285,666 for the quarter ended March 31, 2023. The increase was primarily related to $114,363 of continued growth from adding properties on our vacation rental subscription platform along with a $20,202 increase in our ISG Active ski insurance offering.
收入從截至2022年3月31日的三個月的137,759美元增加到截至2023年3月31日的季度的285,666美元，增幅為147,907美元。這一增長主要是由於在我們的度假租賃訂閱平臺上增加物業帶來的114,363美元的持續增長，以及我們的ISG主動滑雪保險服務增加了20,202美元。
The decrease in operating expenses was primarily related to cashflow management efforts. The items led to decreased i) advertising and marketing fees by $25,057 to $41,613 in the three months ended March 31, 2023 versus $66,670 in the same period in 2022; ii) consulting fees by $9,819 from $146,600 for the three months ended March 31, 2022 to $136,781for the same period in 2022; iii) travel by $3,255 from $3,472 for the three months ended March 31, 2022 to $217 for the same period in 2023; iv) Management fees by $1,431 from $18,951 for the three months ended March 31, 2022 to $17,520 for the same period in 2023; v) Professional fees by $9,980 from $26,946 for the three months ended March 31, 2022 to $16,966 for the same period in 2023; vi) Office Supplies by $233 from $11,606 for the three months ended March 31, 2022 to $11,373 for the same period in 2023; vii) Transfer agent and filing fees by $3,232 from $4,144 for the three months ended March 31, 2022 to $912 for the same period in 2023.
業務費用減少主要與現金流量管理工作有關。這些專案導致i)截至2023年3月31日的三個月的廣告和營銷費減少了25,057美元，至41,613美元，而2022年同期為66,670美元；ii)諮詢費減少了9,819美元，從截至2022年3月31日的三個月的146,600美元降至2022年同期的136,781美元；iii)差旅減少了3,255美元，從截至2022年3月31日的三個月的3,472美元降至2023年同期的217美元；iv)管理費從截至2022年3月31日的三個月的18,951美元降至2023年同期的17,520美元；V)專業費用增加9,980美元，從截至2022年3月31日的三個月的26,946美元增加到2023年同期的16,966美元；vi)辦公室用品增加233美元，從截至2022年3月31日的三個月的11,606美元增加到2023年同期的11,373美元；(Vii)轉讓代理和備案費用增加3,232美元，從截至2022年3月31日的三個月的4,144美元增加到2023年同期的912美元。
The cost decreases were partially offset by a $12,336 increase in general and administrative fees from $40,844 in the quarter ended March 31, 2023 to $28,508 in the same period in 2022 related to an increase in audit fees relating to our growing business and new IFRS standards requiring additional audit procedures.
由於與我們不斷增長的業務相關的審計費用增加，以及新的IFRS準則需要額外的審計程式，一般和行政費用增加了12,336美元，從截至2023年3月31日的季度的40,844美元增加到2022年同期的28,508美元，部分抵消了成本的下降。
Nine Months Ended March 31, 2023
截至2023年3月31日的9個月
During the nine months ended March 31, 2023, the Company generated revenues of $539,040 leading to $335,512 of gross margin versus $248,674 revenue and $171,131 gross margin for the same period in fiscal 2022. During the nine months ended March 31, 2023, the Company recorded a comprehensive loss of $472,772 compared to a comprehensive loss of $1,126,569, for the nine months ended March 31, 2023. The decrease in comprehensive loss was primarily due to a $164,381 increase in gross margin from higher revenues along with a $468,346 reduction in operating expenses.
在截至2023年3月31日的9個月中，該公司的收入為539,040美元，毛利率為335,512美元，而2022財年同期的收入為248,674美元，毛利率為171,131美元。在截至2023年3月31日的9個月中，公司錄得綜合虧損472,772美元，而截至2023年3月31日的9個月的綜合虧損為1,126,569美元。綜合虧損的減少主要是由於收入增加帶來的毛利增加了164,381美元，同時運營費用減少了468,346美元。
Revenue increased $290,366 from $248,674 for the nine months ended March 31, 2022 to $539,040 for the same period in 2023. The increase was primarily related to $196,379 of continued growth from adding properties on our vacation rental subscription platform along with a $86,934 increase in our ISG Active ski insurance offering.
收入從截至2022年3月31日的9個月的248,674美元增加到2023年同期的539,040美元，增幅為290,366美元。這一增長主要是由於我們的度假租賃訂閱平臺上增加了物業而持續增長了196,379美元，以及我們的ISG主動滑雪保險產品增加了86,934美元。
The decrease in operating expenses was primarily related to cashflow management efforts. The items led to decreased i) advertising and marketing fees by $270,654 to $132,086 in the nine months ended March 31, 2023 versus $402,740 in the same period in 2022; ii) consulting fees by $46,192 from $395,428 for the nine months ended March 31, 2022 to $349,236 for the same period in 2023; iii) management fees by $3,474 from $57,054 for the nine months ended March 31, 2022 to $53,580 for the same period in 2023; iv) office supplies by $9,204 from $49,280 for the nine months ended March 31, 2022 to $40,076 for the same period in 2023; v) professional fees by $77,411 from $154,761 for the nine months ended March 31, 2023 to $77,350 for the same period in 2023; vi) share-based payments by $95,750 from $110,410 for the nine months ended March 31, 2022 to $14,660 for the same period in 2023; vii) transfer agent and filing fees by $7,326 from $12,655 for the nine months ended March 31, 2022 to $5,329 for the same period in 2023; viii) travel by $21,174 from $28,629 for the nine months ended March 31, 2022 to $7,455 for the same period in 2023.
業務費用減少主要與現金流量管理工作有關。這些專案導致：i)在截至2023年3月31日的9個月中，廣告和營銷費減少了270,654美元，至132,086美元，而2022年同期為402,740美元；ii)諮詢費從截至2022年3月31日的9個月的395,428美元減少到2023年同期的349,236美元；iii)管理費從截至2022年3月31日的9個月的57,054美元減少到2023年同期的53,580美元；4)辦公用品從截至2022年3月31日的9個月的49,280美元減少到2023年同期的40,076美元；V)專業費用增加77,411美元，從截至2023年3月31日的9個月的154,761美元增加到2023年同期的77,350美元；vi)基於股票的付款增加95,750美元，從截至2022年3月31日的9個月的110,410美元增加到2023年同期的14,660美元；vii)轉讓代理和備案費用增加7,326美元，從截至2022年3月31日的9個月的12,655美元增加到2023年同期的5,329美元；viii)差旅21,174美元，從截至2022年3月31日的9個月的28,629美元增加到2023年同期的7,455美元。
The cost decreases were partially offset by a $62,839 increase in general and administrative fees from $63,541 in the quarter ended March 31, 2022 to $126,380 in the same period for 2023 related primarily to an increase in audit fees relating to our growing business and new IFRS standards requiring additional audit procedures.
成本下降被一般和行政費用增加62,839美元所部分抵消，從截至2022年3月31日的季度的63,541美元增加到2023年同期的126,380美元，這主要是由於與我們不斷增長的業務相關的審計費用增加，以及新的IFRS準則需要額外的審計程式。
"We have increased our vacation rental subscription base to over 600 doors and increased our participant event programs revenue by 75% year over year" states Reed Wright InsuraGuest's President. "Now that we have proof of concept for both the subscription based and participant event programs, we plan on increasing our investments in sales and marketing to further drive this revenue growth as we work towards break event operations."
Reed Wright InsuraGuest的總裁表示：“我們已經將度假租賃訂閱基數增加到了600多個門，參與活動專案的收入同比增長了75%。”現在我們有了基於訂閱和參與者活動計劃的概念證明，我們計劃增加我們在銷售和營銷方面的投資，以進一步推動這一收入增長，同時我們努力實現Break活動運營。“
About InsuraGuest Technologies Inc.
InsuraGuest技術公司簡介
Harnessing the Power of Technology to Address Hospitality Industry Needs
利用技術的力量滿足酒店業的需求
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an insurtech (insurance + technology) company.
InsuraGuest Technologies(TSXV：ISGI)(OTCQB：ISGIF)是一家保險技術(保險+技術)公司。
For more information, visit the company's website at: .
欲瞭解更多資訊，請訪問該公司網站：。
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 ever-changing governmental regulation. The insurance industry also 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. Other risk factors are identified in our quarterly filing and should be read and considered in connection with this release.
本新聞稿中的資訊包含前瞻性陳述，這些陳述基於截至本新聞稿發佈之日的假設。這些陳述反映了管理層當前的估計、信念、意圖和期望。不能保證這一新的商業產品或其他計劃中的產品將會成功。保險和酒店業面臨著越來越多和不斷變化的政府監管。保險業的競爭也很激烈，本公司的競爭對手比本公司擁有更多的資源。潛在客戶的接受度很難預測，特別是在新產品和顛覆性技術的情況下。如果公司不能獲得市場認可，這將對其業績和財務資源造成重大影響。要獲得市場認可，可能需要超出公司現有資源的廣告預算，並需要公司尋求額外的債務或股權融資。不能保證這種融資將以合理的價格獲得，或者根本不能保證。其他風險因素在我們的季度報告中確定，應該閱讀和考慮與本新聞稿相關的內容。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Reed Wright, President
media@InsuraGuest.com
公司聯繫人：
InsuraGuest技術公司
媒體關係
裡德·賴特，總裁
郵箱：Media@InsuraGuest.com
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