60% of Canadians say perception of women's sport has improved over 3 years: report
The study also found 80 per cent of men consider themselves fans of women's sport.
However, the report found that over 30 per cent of fans still say investment is lacking across media, sponsorship, and policy.
Commissioned by Torque Strategies, in partnership with IMI, the report was presented at the espnW Conference at Toronto's Evergreen Brick Works on Wednesday morning.
It also found 41 per cent of Canadians see women's sports as a national investment.
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Inverite Announces Audited Consolidated Financial Results for Twelve Months Ending March 31, 2025, as Compared to the 15 Months Ending March 31, 2024
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Revenue The Company generated total revenues of $1,242,529 (March 31, 2024 - $1,554,062), representing a decrease of 20%. The decrease in revenue was primarily due to 2024 being a 15-month period, compared to the standard 12-month period in 2025. The Company generated verification fee revenue of $1,198,377 (March 31, 2024 - $1,204,267), a decrease of $5,890 or 0.49%. This slight decline is attributed to the fact that the 2024 fiscal year covered a 15-month period, whereas the 2025 fiscal year covered the standard 12 months. On a comparable basis, the 12-month period ending March 31, 2024, generated $975,235 of verification revenue, representing an increase of $223,142 or 23%. Operating Expenses For the year ended March 31, 2025, operating expenses were $3,830,740, representing a decrease of $1,289,753 or 25% compared to $5,120,493 in 15 months period ended March 31, 2024. The Company provides the following detailed information on variances and components of operating expenses: Cost of processing and services of $331,797 (March 31, 2024 - $318,904) increased by $12,893 or 4% driven by a higher volume of transactions and an increase in cloud platform fees. On a comparable basis, the 12-month period ending March 31, 2024, cost was $241,348, representing an increase of $90,449 primarily due to the increase in cloud server fees. Bad debts expense and allowance for loan impairment of $1,622 (March 31, 2024 - $69,895) decreased by $68,273, or 98%, due to lower loan loss provisions associated with a lower loan portfolio value for its inactive Fast-Track loan program. On a comparable basis, the 12-month period ending March 31, 2024, cost was $43,408 representing a decrease of $41,786. Consulting fees of $563,297 (March 31, 2024 - $798,510) decreased by $235,213, or 29%, related to external consultants that the Company engaged with. On a comparable basis, the 12-month period ending March 31, 2024 cost was $643,327, representing a decrease of $80,030. Investor relations expense of $97,542 (March 31, 2024 - $154,049) decreased by $56,507, or 37%, related to investor relations activities. On a comparable basis, the 12-month period ending March 31, 2024, cost was $127,573 representing a decrease of $30,031. Marketing expenses of $108,554 (March 31, 2024 - $259,062) decreased by $150,508, or 58%, related to discontinuing operations which incurred additional marketing services expenses to support its operations. On a comparable basis, the 12-month period ending March 31, 2024, cost was $243,573, representing a decrease of $135,019. Professional fees of $154,433 (March 31, 2024 - $318,228) decreased by $163,795, or 51%, related to legal and audit fees. On a comparable basis, the 12-month period ending March 31, 2024, cost was $220,735, representing a decrease of $66,302. 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Neither the Canadian Securities Exchange nor its Regulation Services Provider/Market Maker (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release, nor has in any way passed upon the merits of the proposed transaction nor approved or disapproved the contents of this press release. Forward-Looking Statements This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
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