Ondo InsurTech Plc ( (GB:ONDO) ) has shared an update.
Ondo InsurTech Plc reported significant growth in its trading update for the year ended 31 March 2025, with a 59% increase in registered customers and a 40% rise in revenue, despite delays in Sweden. The company is expanding its U.S. operations, with a 435% growth in registered customers and partnerships with major insurers, enhancing its market presence. Ondo’s robust contract model and increased production capacity position it well for future demand, ensuring a strong financial position without the need for additional funding.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Underperform.
Ondo InsurTech Plc’s overall stock score is driven by challenging financial performance due to negative profitability and high leverage. While technical indicators suggest potential for a price rebound, the stock remains under pressure due to financial instability. The absence of valuation metrics highlights uncertainty in assessing fair value.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a leading provider of claims prevention technology for home insurers, focusing on the global scale-up of LeakBot. This patented technology prevents water damage claims, a major cause of home insurance claims, by detecting leaks and notifying customers through a mobile app. Ondo partners with 24 insurance carriers across Europe and the USA, and holds the London Stock Exchange Green Economy Mark.
YTD Price Performance: -15.00%
Average Trading Volume: 539,074
Technical Sentiment Signal: Strong Sell
Current Market Cap: £45.62M
See more data about ONDO stock on TipRanks’ Stock Analysis page.