Inverite net loss widens to $2.75 million in FY26; revenue rises 17.6% to $1.44 million

Reuters2026/07/28 09:01

By:Reuters

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Inverite Insights posted a net loss of $2.75 million for the 12 months ended March 31, 2026.
Verification fee revenue rose 19.9% to $1.44 million, driven by higher transaction volumes.
Operating expenses edged down 0.6% to $3.81 million, reflecting cost discipline and lower finance costs.
Loss was pressured by a $422,256 non-cash loss on settlement of debts tied to share issuances, partly offset by a smaller accounts payable write-off gain.
CEO Karim Nanji said revenue growth and tighter cost control show operating leverage as customer adoption rises and deployments expand the platform’s intelligence.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Inverite Insights Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607280500NEWSFILECNPR____20260728_306777_1) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Inverite net loss widens to $2.75 million in FY26; revenue rises 17.6% to $1.44 million

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