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Ondo InsurTech Plc ( (GB:ONDO) ) has shared an update.
Ondo InsurTech PLC reported a 44% increase in group revenues to £3.9 million for the year ended March 2025, driven by an 80% rise in recurring revenue and significant growth in the US market. The company expanded its operations from 4 to 25 US states, with the US now being its largest market, contributing 82% of revenue growth. Ondo’s LeakBot solution has proven effective in reducing water damage claims, and the company has secured partnerships with major US insurers, enhancing its market position and operational model.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.
Ondo InsurTech Plc’s overall score reflects significant financial challenges, including negative profitability and high leverage. Despite revenue growth and positive corporate events, technical indicators and valuation uncertainty weigh on the stock’s outlook.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech PLC is a leading provider of claims prevention technology for home insurers, focusing on its LeakBot solution, which prevents water damage claims in houses. The company operates globally, with a significant presence in the USA and Europe, partnering with major insurance carriers to reduce water damage claims.
Average Trading Volume: 583,115
Technical Sentiment Signal: Hold
Current Market Cap: £33.71M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.