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Ondo InsurTech Plc
(LSE:ONDO)
Ondo InsurTech Plc (ONDO) vs. iShares MSCI United Kingdom ETF (EWC)
Ondo InsurTech Plc Business Overview & Revenue Model
Ondo InsurTech Plc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.87M | 3.87M | 2.69M | 1.59M | 0.00 | 283.00K |
| Gross Profit | 122.00K | 122.00K | 740.00K | 558.00K | 0.00 | -59.00K |
| EBITDA | -5.06M | -4.89M | -2.27M | -3.90M | -580.26K | 5.24M |
| Net Income | -6.17M | -6.17M | -2.99M | -4.00M | -580.26K | -17.03K |
Balance Sheet | ||||||
| Total Assets | 6.81M | 6.81M | 2.87M | 1.78M | 1.77M | 1.82M |
| Cash, Cash Equivalents and Short-Term Investments | 3.99M | 3.99M | 397.00K | 376.00K | 1.68M | 47.97K |
| Total Debt | 7.07M | 7.07M | 6.49M | 6.40M | 0.00 | 27.44M |
| Total Liabilities | 11.70M | 11.70M | 9.52M | 8.42M | 95.15K | 28.32M |
| Stockholders Equity | -4.89M | -4.89M | -6.65M | -6.64M | 1.67M | -26.50M |
Cash Flow | ||||||
| Free Cash Flow | -3.32M | -3.84M | -2.86M | -4.67M | -481.80K | -17.03K |
| Operating Cash Flow | -3.26M | -3.26M | -2.39M | -4.71M | -481.80K | -17.03K |
| Investing Cash Flow | -563.00K | -563.00K | -470.00K | 237.00K | 0.00 | 0.00 |
| Financing Cash Flow | 7.40M | 7.40M | 2.87M | 6.58M | 2.16M | 65.00K |
Ondo InsurTech Plc Technical Analysis
Ondo InsurTech Plc Peers Comparison
Ondo InsurTech Plc Corporate Events
Ondo InsurTech plc has announced an update regarding its Placing and Subscription, successfully raising £2.30 million through the issuance of Placing and Subscription Shares. The increased interest from institutional investors and company directors highlights confidence in Ondo’s market position and growth potential. The funds raised are expected to bolster the company’s operations and strategic initiatives, with the Placing Shares and Subscription Shares set to commence trading on the London Stock Exchange on 10 December 2025.
Ondo InsurTech Plc has announced the launch of a WRAP Retail Offer to raise up to £0.20 million through the issuance of new ordinary shares. This initiative is part of a broader fundraising effort, including a Placing and Subscription to raise approximately £2.28 million. The WRAP Retail Offer is targeted at existing retail shareholders in the UK, offering them shares at a discounted price. The funds raised will support the company’s ongoing operations and strategic initiatives, enhancing its market position and providing growth opportunities for stakeholders.
Ondo InsurTech plc has successfully raised £2.28 million through a combination of placing and subscription, with plans to further expand its operations in the US market. The funds will be used to enhance US Plumber coverage and accelerate the rollout of LeakBot across the United States, as well as to develop LeakBot Edge for hot-climate external locations. The company is shifting its focus from the subdued European market to the rapidly growing US market, where it has seen a significant increase in customers and recurring revenues.
Ondo InsurTech Plc has announced a fundraising initiative to raise at least £2.20 million through a combination of a placing, subscription, and retail offering. The funds will be used to accelerate the company’s commercial expansion in the United States, particularly by enhancing US plumber coverage and developing the LeakBot Edge. The fundraising involves issuing new ordinary shares at a price of 25 pence each, representing a 17.4% discount to the previous day’s closing price. The initiative is expected to strengthen Ondo’s market position and support its growth strategy in the competitive insurtech sector.
Ondo InsurTech PLC reported a 26% increase in revenues for the first half of 2025, driven by substantial growth in the United States, which now accounts for the majority of its revenue. The company’s recurring revenue model has seen significant adoption, particularly in the US, where customer numbers and revenues have grown seven-fold. Ondo is expanding its operations across 26 US states and has announced new contracts with major insurers, including Nationwide and Liberty Mutual. The company is also investing in infrastructure and new product development to support further growth and maintain its market-leading position.
Ondo InsurTech Plc has announced an expansion of its partnership with Nationwide, extending the rollout of its LeakBot devices and services to 26 US states. This expansion follows the successful deployment of LeakBot in 16 states, where it has effectively reduced water damage claims and maintained high customer satisfaction. The move strengthens LeakBot’s position as a key component of Nationwide’s smart home program, aiming to provide homeowners with enhanced protection against water-related damages.
Ondo InsurTech Plc has announced that it will release its interim results for the six months ending 30 September 2025 on 3 December 2025. The company will also host a live presentation for retail investors on 4 December 2025, led by CEO Craig Foster and CFO Kevin Withington. This announcement highlights Ondo’s ongoing commitment to transparency and engagement with its investors, potentially strengthening its market position and stakeholder relations.
Ondo InsurTech PLC has announced that Indiana Farm Bureau Insurance is expanding its deployment of the LeakBot device following a successful pilot program. The pilot, which involved 10,000 devices, demonstrated significant claims savings and high customer satisfaction, prompting IFB to double the rollout to 20,000 devices. This expansion reflects LeakBot’s effectiveness in preventing costly water damage and enhancing customer satisfaction, strengthening Ondo’s position in the claims prevention technology market.
Ondo InsurTech Plc has announced a partnership with Westfield Insurance to deploy 10,000 LeakBot devices in Ohio, Indiana, and Pennsylvania. This initiative is part of Westfield’s investment in proactive claims prevention, aiming to enhance customer experience by detecting and addressing water leaks early, thereby reducing loss costs.
Ondo InsurTech Plc announced the purchase of 14,640 ordinary shares for its Share Incentive Plan, benefiting participants including key directors. This move aligns with the company’s strategy to incentivize employees through share ownership, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives. The transaction reflects Ondo’s commitment to expanding its market presence and strengthening its position in the claims prevention technology sector.
Ondo InsurTech Plc has announced an update on its Shares in Issue and Total Voting Rights, following the issuance of 216,833 new ordinary shares due to warrant exercises. This brings the total number of voting rights to 139,046,125, which shareholders can use as a denominator for calculating changes in their interests under FCA rules.
Ondo InsurTech Plc announced that its Chairman, Mark Wood, has exercised warrants to acquire 133,500 ordinary shares, increasing his total holding to approximately 1.7% of the company’s issued share capital. This transaction signifies a notable vote of confidence in Ondo’s strategic direction and market positioning, potentially impacting stakeholder perceptions and investor confidence positively.
Ondo InsurTech Plc announced the purchase of 13,684 ordinary shares for its Share Incentive Plan, benefiting employees including key directors Craig Foster and Kevin Withington. This move underlines Ondo’s commitment to employee engagement and aligns with its strategic focus on expanding its claims prevention technology, LeakBot, which significantly reduces water damage claims.
Ondo InsurTech Plc has announced an update regarding its shares in issue and total voting rights, following the exercise of warrants that resulted in the issuance of 450,000 new ordinary shares. This update brings the company’s total issued share capital to 138,829,292 ordinary shares, each carrying one vote, which is crucial for shareholders to calculate their interests under the FCA’s rules.
Ondo InsurTech Plc announced that all resolutions were passed at their recent Annual General Meeting, reflecting strong shareholder support. The resolutions included re-electing directors, appointing auditors, and authorizing share allotments, which are expected to strengthen the company’s governance and operational capabilities.
Ondo InsurTech Plc announced significant progress in its operations, particularly in the United States, where it has launched a new partnership with Bear River Mutual and expanded existing partnerships, leading to substantial growth in device shipments. The company has also renewed its partnership with Admiral in the UK and expanded its reach in Denmark through If P&C Insurance. Customer satisfaction remains high, and recent board appointments are expected to enhance governance and strategic expertise. Ondo aims to scale its LeakBot technology globally, with a focus on strengthening relationships with leading insurers, especially in the US, to accelerate growth and reinforce its market position.