Ondo InsurTech Plc (GB:ONDO) has released an update.
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Ondo InsurTech PLC has reported a 42% revenue growth to £1.7 million for the first half of 2024, driven by the successful deployment of its LeakBot technology in the U.S., preventing $2 million in insurance claims. The company has expanded its market reach, with U.S. insurers pre-paying for LeakBot deployments and securing contracts with major players like Nationwide Mutual. With a strong focus on growth in the U.S. and Europe, Ondo aims for EBITDA positive trading next year without additional funding.
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