Ondo InsurTech’s Revenue Rises Amid U.S. Expansion

Ondo InsurTech Plc (GB:ONDO) has released an update.

Ondo InsurTech Plc, an innovator in home insurance claims prevention with its LeakBot technology, reports a 29% increase in sales revenue to £2.7 million for the year and a significant expansion into the U.S. market. The company has grown its customer base by 37% and shows promising post-period events, such as a 40% reduction in damage claims costs in Sweden and further expansion in the U.S. Despite the progress in adoption and deployment, the company reports an operating loss of £3.2 million, which is an improvement over the previous period.

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