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Ondo InsurTech Plc
(LSE:ONDO)
Ondo InsurTech Plc (ONDO) vs. S&P 500 (SPY)
Ondo InsurTech Plc Business Overview & Revenue Model
Ondo InsurTech Plc Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Sep 2020 | Sep 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.69M | 1.59M | 0.00 | 283.00K | 108.00K | Gross Profit |
| 740.00K | 558.00K | 0.00 | -59.00K | -224.00K | EBIT |
| -3.24M | -3.28M | 143.33K | -17.03K | -3.24M | EBITDA |
| -2.27M | -3.90M | 0.00 | 5.24M | -2.86M | Net Income Common Stockholders |
| -2.99M | -4.00M | -580.26K | -17.03K | -10.50M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 397.00K | 376.00K | 1.68M | 47.97K | 0.00 | Total Assets |
| 2.87M | 1.78M | 1.77M | 1.82M | 1.45M | Total Debt |
| 6.49M | 6.40M | 0.00 | 27.44M | 22.52M | Net Debt |
| 6.09M | 6.03M | -1.68M | 27.39M | 22.52M | Total Liabilities |
| 9.52M | 8.42M | 95.15K | 28.32M | 24.08M | Stockholders Equity |
| -6.65M | -6.64M | 1.67M | -26.50M | -22.77M |
| Cash Flow | Free Cash Flow | |||
| -2.86M | -4.67M | -481.80K | -17.03K | 94.00K | Operating Cash Flow |
| -2.39M | -4.71M | -481.80K | -17.03K | 94.00K | Investing Cash Flow |
| -470.00K | 237.00K | 0.00 | 0.00 | 0.00 | Financing Cash Flow |
| 2.87M | 6.58M | 2.16M | 65.00K | 0.00 |
Ondo InsurTech Plc Technical Analysis
Ondo InsurTech Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | £25.19M | ― | -997.38% | ― | ― | ― | |
58 Neutral | $10.03B | 10.00 | -6.85% | 3.09% | 7.49% | -11.58% | |
49 Neutral | £1.49M | ― | -46.38% | ― | -10.35% | 33.33% | |
48 Neutral | £52.26M | 65.50 | 20.93% | 2.00% | 26.44% | ― | |
47 Neutral | £149.99M | ― | ― | ― | ― | ||
43 Neutral | £44.95M | ― | 44.95% | ― | ― | ― |
Ondo InsurTech Plc Corporate Events
Ondo InsurTech Plc announced that its CEO, Craig Foster, and CFO, Kevin Withington, executed ‘Bed and ISA’ transactions involving the sale and subsequent repurchase of their shares at 32.5p each. These transactions did not alter their respective ownership stakes in the company, maintaining Foster’s at 1.83% and Withington’s at 0.22% of the company’s issued share capital.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.
Ondo InsurTech Plc has a challenging financial profile with negative profitability and high leverage, impacting its overall stock score negatively. However, the company’s strategic expansion into the US market and positive corporate events provide a counterbalance, indicating potential for future growth. The technical indicators suggest some short-term pressure on the stock. The lack of valuation metrics adds to the uncertainty, making it crucial for investors to weigh the growth potential against the financial risks.
To see Spark’s full report on GB:ONDO stock, click here.
Ondo InsurTech Plc has announced a pilot contract with The Hanover Insurance Group to test its LeakBot device in the United States. This agreement marks a strategic expansion into the US market, potentially enhancing Ondo’s industry positioning by demonstrating the effectiveness of its technology in reducing water damage claims, which could significantly benefit stakeholders by lowering costs.
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.
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.
Ondo InsurTech Plc announced a Share Incentive Plan (SIP) where 14,658 ordinary shares were purchased for participants, including directors Craig Foster and Kevin Withington. This plan allows employees to acquire shares using pre-tax salary contributions, with matching shares awarded for each purchased share, enhancing employee investment in the company.
Ondo InsurTech Plc announced an update on its Shares in Issue and Total Voting Rights, revealing that 5,487,679 new ordinary shares were issued in March 2025 due to warrant exercises. The company successfully raised £3.38m from the exercise of nearly all its RTO Warrants, which expired on 21 March 2025, contributing to a total of £4.2m in subscription proceeds. Part of these proceeds will be used to pay down a loan from HomeServe. The company’s issued share capital now comprises 134,164,292 Ordinary Shares, each carrying one vote, providing shareholders with a clear basis for determining their interests under FCA rules.
Ondo InsurTech Plc announced that Charlene Hill, the spouse of CEO Craig Foster, exercised warrants for 125,000 ordinary shares and subsequently sold 105,000 shares to cover associated costs. This transaction, which follows a previous fundraising event linked to the acquisition of LeakBot Limited, adjusts Craig Foster’s beneficial interests in the company, now reflecting a total shareholding of 2,448,844 shares. The announcement highlights the importance of accurate reporting of shareholdings, especially following changes in personal associations, and underscores the company’s ongoing commitment to transparency in its financial dealings.
Ondo InsurTech Plc has announced that Mutual of Enumclaw Insurance is expanding its LeakBot program to policyholders in Eastern Washington and Oregon, following a successful pilot project. This expansion is expected to enhance Ondo’s market presence and provide significant benefits to policyholders by preventing water damage, thus reducing insurance claims.
Ondo InsurTech Plc announced an update on its Shares in Issue and Total Voting Rights, following the issuance of 2,979,159 new ordinary shares in February 2025. The company’s total issued share capital now comprises 128,676,613 ordinary shares, each carrying one vote, which stakeholders can use to determine their interests under FCA rules.
Ondo InsurTech Plc announced the expansion of its LeakBot program in partnership with PURE Insurance, extending the program from New York to six additional states. This expansion follows a successful pilot and aims to help PURE Insurance members prevent water damage, the most common cause of loss, thereby enhancing member engagement and offering a promising tool against water-related insurance claims.
Ondo InsurTech PLC has announced that Liberty Mutual Insurance, the sixth-largest personal lines P&C insurer in the US, will pilot Ondo’s LeakBot device and service in four US states. This agreement represents a strategic expansion for Ondo in the American market, as it continues to scale its innovative water damage prevention technology globally. The partnership with Liberty Mutual is significant for Ondo’s operations and industry positioning, potentially providing significant benefits for stakeholders through reduced water damage claims and enhanced customer service.
Ondo InsurTech Plc reported strong growth driven by the adoption of its LeakBot technology, particularly in the U.S., with a notable increase in registered customers and revenue projections. The company secured a major contract with Liberty Mutual, contributing to its successful U.S. expansion. A robust contract model has improved Ondo’s working capital profile, enabling prepayments on initial rollouts. While growth in Denmark and the UK is robust, Sweden’s rollout has slowed due to partner assessments. Ondo remains on track to achieve EBITDA positive trading in H2 FY 2026.
Ondo InsurTech Plc announced that its CEO, Craig Foster, has exercised warrants to acquire 889,783 ordinary shares and has subsequently sold 700,000 of these shares. This transaction increases his overall shares in the company, marking a significant move in his personal investment in Ondo InsurTech, reflecting confidence in the company’s prospects. These actions may influence investor perceptions and highlight the company’s strategic positioning within the insurtech market.
Ondo InsurTech Plc announced a correction regarding the purchase price of Partnership Shares for directors under their Share Incentive Plan, setting it at 39.68 pence. The company reported the acquisition of 12,902 ordinary shares for their SIP participants, including directors Craig Foster and Kevin Withington. Additionally, Non-Executive Director Stefania Barbaglio exercised warrants over 13,175 shares, resulting in a total issued share capital of 125,697,454 ordinary shares. These transactions align with Ondo’s strategic focus on employee shareholding and enhance transparency in their share dealings.
Ondo InsurTech Plc has announced a series of transactions involving its Share Incentive Plan (SIP) and director share dealings. The SIP arrangement allows employees, including key directors Craig Foster and Kevin Withington, to purchase shares at the market rate with matching shares provided by the SIP. Additionally, non-executive director Stefania Barbaglio exercised warrants, increasing her stake in the company. These movements are part of Ondo’s strategy to bolster employee investment and align interests with the company’s growth. Furthermore, the total voting rights update reflects an increase in issued shares due to warrant and option exercises, marking an important step in strengthening shareholder transparency and engagement.
Ondo InsurTech Plc has announced a pilot agreement with Northumbrian Water to introduce LeakBot to customers in the North East of England, aiming to enhance water efficiency. This initiative follows successful trials with other water companies, where LeakBot significantly reduced water leaks. If successful, the trial could potentially lead to a broader rollout to Northumbrian Water’s 2.7 million customers, enhancing water conservation efforts and customer satisfaction.