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.
温哥华，不列颠哥伦比亚省-(Newsfile Corp.-2023年5月30日)-InsuraGuest Technologies，Inc.(多伦多证券交易所股票代码：ISGI)(场外交易市场代码：ISGIF)(以下简称“InsuraGuest”或“公司”)公布了截至2023年3月31日的三个月和九个月的公司季度数字。
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险技术(保险+技术)软件公司(“ISGI”)，在不列颠哥伦比亚省温哥华和犹他州盐湖城设有办事处。我们的专有软件平台在企业对企业和企业对消费者的基础上，直接向我们的成员提供数字嵌入、选择加入和基于订阅的保险套餐。该公司还为保险代理人和经纪人提供了通过其自动代理/经纪软件平台立即在线注册的能力。然后，这些经纪人和代理人成为向自己的客户销售公司产品的渠道，加快了通过保险技术平台分销产品的过程。
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日的三个月中，该公司的收入为285,666美元，毛利率为174,330美元，而2022财年同期的收入为137,759美元，毛利率为86,048美元。在截至2023年3月31日的三个月中，公司录得综合亏损100,346美元，而截至2022年3月31日的季度综合亏损为208,126美元。综合亏损的减少主要是由于收入增加带来的毛利增加了88,282美元，同时运营费用减少了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.
收入从截至2022年3月31日的三个月的137,759美元增加到截至2023年3月31日的季度的285,666美元，增幅为147,907美元。这一增长主要是由于在我们的度假租赁订阅平台上增加物业带来的114,363美元的持续增长，以及我们的ISG主动滑雪保险服务增加了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.
业务费用减少主要与现金流量管理工作有关。这些项目导致i)截至2023年3月31日的三个月的广告和营销费减少了25,057美元，至41,613美元，而2022年同期为66,670美元；ii)咨询费减少了9,819美元，从截至2022年3月31日的三个月的146,600美元降至2022年同期的136,781美元；iii)差旅减少了3,255美元，从截至2022年3月31日的三个月的3,472美元降至2023年同期的217美元；iv)管理费从截至2022年3月31日的三个月的18,951美元降至2023年同期的17,520美元；V)专业费用增加9,980美元，从截至2022年3月31日的三个月的26,946美元增加到2023年同期的16,966美元；vi)办公室用品增加233美元，从截至2022年3月31日的三个月的11,606美元增加到2023年同期的11,373美元；(Vii)转让代理和备案费用增加3,232美元，从截至2022年3月31日的三个月的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.
由于与我们不断增长的业务相关的审计费用增加，以及新的IFRS准则需要额外的审计程序，一般和行政费用增加了12,336美元，从截至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个月
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个月中，该公司的收入为539,040美元，毛利率为335,512美元，而2022财年同期的收入为248,674美元，毛利率为171,131美元。在截至2023年3月31日的9个月中，公司录得综合亏损472,772美元，而截至2023年3月31日的9个月的综合亏损为1,126,569美元。综合亏损的减少主要是由于收入增加带来的毛利增加了164,381美元，同时运营费用减少了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.
收入从截至2022年3月31日的9个月的248,674美元增加到2023年同期的539,040美元，增幅为290,366美元。这一增长主要是由于我们的度假租赁订阅平台上增加了物业而持续增长了196,379美元，以及我们的ISG主动滑雪保险产品增加了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.
业务费用减少主要与现金流量管理工作有关。这些项目导致：i)在截至2023年3月31日的9个月中，广告和营销费减少了270,654美元，至132,086美元，而2022年同期为402,740美元；ii)咨询费从截至2022年3月31日的9个月的395,428美元减少到2023年同期的349,236美元；iii)管理费从截至2022年3月31日的9个月的57,054美元减少到2023年同期的53,580美元；4)办公用品从截至2022年3月31日的9个月的49,280美元减少到2023年同期的40,076美元；V)专业费用增加77,411美元，从截至2023年3月31日的9个月的154,761美元增加到2023年同期的77,350美元；vi)基于股票的付款增加95,750美元，从截至2022年3月31日的9个月的110,410美元增加到2023年同期的14,660美元；vii)转让代理和备案费用增加7,326美元，从截至2022年3月31日的9个月的12,655美元增加到2023年同期的5,329美元；viii)差旅21,174美元，从截至2022年3月31日的9个月的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费用增加62,839美元所部分抵消，从截至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，这主要是由于与我们不断增长的业务相关的审计费用增加，以及新的IFRS准则需要额外的审计程序。
"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的总裁表示：“我们已经将度假租赁订阅基数增加到了600多个门，参与活动项目的收入同比增长了75%。”现在我们有了基于订阅和参与者活动计划的概念证明，我们计划增加我们在销售和营销方面的投资，以进一步推动这一收入增长，同时我们努力实现Break活动运营。“
About InsuraGuest Technologies Inc.
InsuraGuest技术公司简介
Harnessing the Power of Technology to Address Hospitality Industry Needs
利用技术的力量满足酒店业的需求
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an insurtech (insurance + technology) company.
InsuraGuest Technologies(TSXV：ISGI)(OTCQB：ISGIF)是一家保险技术(保险+技术)公司。
For more information, visit the company's website at: .
欲了解更多信息，请访问该公司网站：。
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.
本新闻稿中的信息包含前瞻性陈述，这些陈述基于截至本新闻稿发布之日的假设。这些陈述反映了管理层当前的估计、信念、意图和期望。不能保证这一新的商业产品或其他计划中的产品将会成功。保险和酒店业面临着越来越多和不断变化的政府监管。保险业的竞争也很激烈，本公司的竞争对手比本公司拥有更多的资源。潜在客户的接受度很难预测，特别是在新产品和颠覆性技术的情况下。如果公司不能获得市场认可，这将对其业绩和财务资源造成重大影响。要获得市场认可，可能需要超出公司现有资源的广告预算，并需要公司寻求额外的债务或股权融资。不能保证这种融资将以合理的价格获得，或者根本不能保证。其他风险因素在我们的季度报告中确定，应该阅读和考虑与本新闻稿相关的内容。
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.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所创业板交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Reed Wright, President
media@InsuraGuest.com
公司联系人：
InsuraGuest技术公司
媒体关系
里德·赖特，总裁
邮箱：Media@InsuraGuest.com
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