Inverite Insights Inc (TSE:INVR) has released an update.
Inverite Insights Inc., a leading AI-driven software provider focusing on financial data services, reported a robust financial performance for 2023, with a 29% increase in verification fee revenue and a significant reduction in operating expenses by 21%. The company has made strides towards profitability, emphasizing the monetization of its Consumer Directed Banking Platform and streamlining operations for efficiency. Despite a decrease in interest revenue from loans and subscription fees, the overall revenue growth and cost-cutting measures mark a positive trajectory for Inverite.
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