Ondo InsurTech 12/3/2024 Earnings Report

Ondo InsurTech EPS Results

• Actual EPS: -GBX 2.24
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Ondo InsurTech Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Ondo InsurTech Announcement Details

• Date: 12/3/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Ondo InsurTech (LON:ONDO) is a world-leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined. LeakBot is a patented, self-install solution that connects to a home’s wireless network and alerts the homeowner via the LeakBot mobile app if a leak is detected, offering access to a team of expert engineers to locate and fix the issue. Recent independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%. Ondo partners with 23 insurance carriers, including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar, and TopDanmark, across Europe and the USA. In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc (LSE:ONDO) and Ondo was subsequently awarded the LSE's Green Economy Mark recognising Ondo a business that contributes to the Green Economy.