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An announcement from Ondo InsurTech Plc ( (GB:ONDO) ) is now available.
Ondo InsurTech PLC reported a 44% increase in group revenues to £3.9 million for the year ended 31 March 2025, with significant growth driven by the US market, which now accounts for the majority of its revenue. The company expanded its operations from 4 to 25 US states, partnering with major insurers and increasing its customer base by 59%. The US market’s rapid growth and Ondo’s unique LeakBot solution have positioned the company for continued expansion and strengthened its market presence.
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 the global expansion of its LeakBot technology. LeakBot is a patented solution that detects water leaks in homes, reducing water damage claims significantly. The company partners with major insurance carriers in Europe and the USA, including Nationwide and Liberty Mutual, and holds the London Stock Exchange Green Economy Mark.
Average Trading Volume: 583,115
Technical Sentiment Signal: Hold
Current Market Cap: £33.71M
Learn more about ONDO stock on TipRanks’ Stock Analysis page.