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Mitrade Trading Platform Partners with Argentine Football Association as Football Fever Sweeps APAC

MELBOURNE, Australia, July 22, 2025 /PRNewswire/ — As Argentina’s national team jerseys continue to outsell traditional football powerhouses across Southeast Asia and Australia, Mitrade, a global trading platform, has announced its role as the official regional CFD sponsor of the Argentine Football Association (AFA). The sponsorship, launched under the “Rise with Champions” theme, reflects the region’s surging passion for football and Mitrade’s mission to make online trading more accessible, intuitive and engaging for Asia-Pacific’s (APAC) growing base of retail investors.

The partnership is part of Mitrade’s regional expansion strategy, reflecting the intersection between football fandom and financial literacy, as financial education becomes prominent in social conversations. AFA, home to global stars like Lionel Messi and Emiliano “Dibu” Martínez, has strengthened regional ties in recent years—including a sold-out friendly in Jakarta with 60,000 fans and rising interest from Australian supporters who rallied behind Messi during Argentina’s iconic World Cup win.

“This partnership reflects our commitment to connecting with communities through shared passions,” said Kevin Lai, vice president of Mitrade Group. “Football, like financial markets, requires analytical thinking, quick decision-making and strategic insight, qualities that resonate strongly with the mindset of our users across Southeast Asia and Australia.”

With 5 million users worldwide and 44 industry awards, Mitrade is reshaping how people trade and interact with global markets. The platform offers contracts for difference (CFDs) across forex, indices, commodities, ETFs and shares, all within a seamless, mobile-first platform.

Mitrade continues to provide educational resources to support more individuals across APAC in exploring CFD trading as part of their broader financial journey. The broker remains committed to making global markets more inclusive and accessible, empowering users to hone skills, connect with traders and trade with confidence.

About Mitrade

Mitrade is an award-winning CFD trading platform founded in Melbourne, trusted by 5M+ traders worldwide. It operates under top-tier financial regulators—Australia’s ASIC (AFSL398528), Cyprus’ CySEC (CIF438/23), the Cayman Islands’ CIMA (SIB1612446), and Mauritius’s FSC (GB20025791)—delivering a secure, seamless, and intuitive trading experience.

Powered by AI, Mitrade provides CFDs on indices, forex, commodities, ETFs, and shares. With microsecond execution, razor-thin spreads, robust risk management, and multi-device compatibility, it is redefining the future of fintech for every type of trader.

Trading involves risk. This article is for informational purposes only and does not constitute financial advice, an offer, or a solicitation. 

Visit https://www.mitrade.com for more information.

Fiji Airways Unveils New Pacific Rim Menu and On-Demand Dining for Business Class Travellers

Airline raises the bar on inflight experience with premium locally inspired dishes and a refreshed economy cabin service

July 22, 2025 , NADI, Fiji /PRNewswire/ — Fiji Airways is introducing a series of new onboard experiences beginning with a vibrant Pacific Rim inspired menu, now available on select flights. This signals a bold step forward in its commitment to exceptional Fijian hospitality, service and world class excellence.

Leading this transformation is the new Dine on Demand concept in Business Class, launching on select long-haul flights – a first for the airline. This tailored experience gives guests the freedom to choose what they want to eat, when they want to eat it, adding a new level of personalisation and comfort to their journey.

“Fijian hospitality is at the heart of what we do” said Andre Viljoen, CEO and Managing Director, Fiji Airways. “This next chapter elevates that promise. With the initial introduction of our new Pacific Rim menu and on-demand dining, we’re delivering a fine-dining restaurant-quality experience in the sky – One that is authentically Fijian, thoughtfully crafted, and aligned with the evolving needs of today’s traveller.

A Menu That Celebrates Culture and Connection

The newly introduced menu reflects Fiji’s unique position at the crossroads of Asia, Oceania and North America. It blends fresh, bold flavours from Southeast Asia, contemporary Australia, and the Pacific Islands, showcasing local Fijian ingredients with an emphasis on sustainable sourcing.

Signature dishes in Business Class include:

  • Grilled Mahi Mahi with Prawn Chilli Oil: a coastal celebration with corn coriander cake and lime marmalade
  • Hamachi Crudo with Octopus and Ponzu: a refreshing starter with Fijian sea grapes (nama) and herbs
  • Fijian Chicken Curry: a coconut-simmered comfort dish reflecting Indo-Fijian heritage
  • Roasted Cauliflower with Pacific Greens and Garlic Cream – a standout plant-based hero
  • Salted Chocolate Crème with Pistachio and Caramelised Banana: an indulgent dessert with tropical flair
  • Kumquat Cheesecake that packs a punch

Dishes are freshly finished and plated onboard to ensure restaurant-quality presentation, with cabin crew specifically trained in culinary service and wine training to deliver a personalised and seamless experience.

Fresh Beverages and Thoughtful Additions

The new Business Class menu is accompanied by an expanded program that includes:

  • Cold-pressed juices made in Fiji using local tropical fruits and vegetables
  • A curated wine list highlighting premium varieties from New Zealand, Australia, and California
  • A signature series of cocktails and mocktails inspired by the spirit of the islands, featuring locally distilled Blue Turtle Gin Fiji and Fijian Bati Rum.
  • Artisanal Fijian chocolate, locally made and paired with tea and coffee
  • Business Class tables are adorned with a handcrafted Vau flower, thoughtfully made in Fiji, and set with bone china dinnerware and crisp white cotton tablecloths

Elevated Economy Experience

Economy Class has also been refreshed, with updated meal options, a new mocktail and cocktail offering, hot chocolate and new snack and beverage choices available throughout the journey. Special dietary requirements can be pre-arranged, ensuring inclusivity across all cabins.

Fiji Airways’ move to enhance its inflight service is part of a broader set of ‘game-changing’ strategies introduced to place Fiji’s national carrier shoulder to shoulder with the best airlines in the world.

“We fly for Fiji,” explains Viljoen. “As the national carrier, we recognise the profound role we play in connecting Fiji to the world, and sharing the unique warmth and happiness that only Fiji offers. Through our strategic investments in our food, beverage, service training, and sustainable sourcing of materials, we’re bringing that happiness in every journey.” 

The new Pacific Rim inspired cuisine and menu, along with the new service model are being progressively introduced on select long-haul flights and will be fully implemented across the network by July 2026.

About Fiji Airways:

Fiji Airways offers direct flights to 25 international destinations from its hub in Nadi, Fiji, including up to three flights a week between Hong Kong and the tropical paradise of Fiji. Travellers from Hong Kong can also enjoy seamless one-stop connections via Nadi to popular cities such as Sydney, Melbourne, Brisbane, Auckland, Christchurch and beyond.

Fiji Airways provides the only nonstop service between Hong Kong and Fiji’s 333 islands, which are celebrated for their warm hospitality, crystal-clear waters, vibrant coral reefs, and pristine white-sand beaches, delivering the perfect blend of relaxation and adventure.

Founded in 1951, the Fiji Airways airline group comprises Fiji Airways, Fiji’s international airline, and its wholly-owned domestic and regional subsidiary, Fiji Link. From its hubs at Nadi and Suva International Airports, Fiji Airways and Fiji Link serve 101 destinations in over 14 countries (including code-share). Destinations include Fiji, Australia, New Zealand, the US, Canada, the UK, Hong Kong (SAR China), Singapore, India, Japan, China, Samoa, Tonga, Tuvalu, Kiribati, Vanuatu and Solomon Islands. The Fiji Airways Group brings in 70 percent of all visitors who fly to Fiji, employs over 2000 employees, and earned revenues of over FJD$1.7 billion (USD $770m) in 2023. Fiji Airways rebranded from Air Pacific in June 2013. Visit www.fijiairways.com for more information.

Fiji Airways Unveils New Pacific Rim Menu and On-Demand Dining for Business Class Travellers

Airline raises the bar on inflight experience with premium locally inspired dishes and a refreshed economy cabin service

NADI, Fiji, July 22, 2025 /PRNewswire/ — Fiji Airways is introducing a series of new onboard experiences beginning with a vibrant Pacific Rim inspired menu, now available on select flights. This signals a bold step forward in its commitment to exceptional Fijian hospitality, service and world class excellence.

Leading this transformation is the new Dine on Demand concept in Business Class, launching on select long-haul flights – a first for the airline. This tailored experience gives guests the freedom to choose what they want to eat, when they want to eat it, adding a new level of personalisation and comfort to their journey.

“Fijian hospitality is at the heart of what we do” said Andre Viljoen, CEO and Managing Director, Fiji Airways. “This next chapter elevates that promise. With the initial introduction of our new Pacific Rim menu and on-demand dining, we’re delivering a fine-dining restaurant-quality experience in the sky – One that is authentically Fijian, thoughtfully crafted, and aligned with the evolving needs of today’s traveller.

A Menu That Celebrates Culture and Connection
The newly introduced menu reflects Fiji’s unique position at the crossroads of Asia, Oceania and North America. It blends fresh, bold flavours from Southeast Asia, contemporary Australia, and the Pacific Islands, showcasing local Fijian ingredients with an emphasis on sustainable sourcing.

Signature dishes in Business Class include:

  • Grilled Mahi Mahi with Prawn Chilli Oil: a coastal celebration with corn coriander cake and lime marmalade
  • Hamachi Crudo with Octopus and Ponzu: a refreshing starter with Fijian sea grapes (nama) and herbs
  • Fijian Chicken Curry: a coconut-simmered comfort dish reflecting Indo-Fijian heritage
  • Roasted Cauliflower with Pacific Greens and Garlic Cream – a standout plant-based hero
  • Salted Chocolate Crème with Pistachio and Caramelised Banana: an indulgent dessert with tropical flair
  • Kumquat Cheesecake that packs a punch

Dishes are freshly finished and plated onboard to ensure restaurant-quality presentation, with cabin crew specifically trained in culinary service and wine training to deliver a personalised and seamless experience.

Fresh Beverages and Thoughtful Additions

The new Business Class menu is accompanied by an expanded program that includes:

  • Cold-pressed juices made in Fiji using local tropical fruits and vegetables
  • A curated wine list highlighting premium varieties from New Zealand, Australia, and California
  • A signature series of cocktails and mocktails inspired by the spirit of the islands, featuring locally distilled Blue Turtle Gin Fiji and Fijian Bati Rum.
  • Artisanal Fijian chocolate, locally made and paired with tea and coffee
  • Business Class tables are adorned with a handcrafted Vau flower, thoughtfully made in Fiji, and set with bone china dinnerware and crisp white cotton tablecloths

Elevated Economy Experience
Economy Class has also been refreshed, with updated meal options, a new mocktail and cocktail offering, hot chocolate and new snack and beverage choices available throughout the journey. Special dietary requirements can be pre-arranged, ensuring inclusivity across all cabins.

Fiji Airways’ move to enhance its inflight service is part of a broader set of ‘game-changing’ strategies introduced to place Fiji’s national carrier shoulder to shoulder with the best airlines in the world.

“We fly for Fiji,” explains Viljoen. “As the national carrier, we recognise the profound role we play in connecting Fiji to the world, and sharing the unique warmth and happiness that only Fiji offers. Through our strategic investments in our food, beverage, service training, and sustainable sourcing of materials, we’re bringing that happiness in every journey.” 

The new Pacific Rim inspired cuisine and menu, along with the new service model are being progressively introduced on select long-haul flights and will be fully implemented across the network by July 2026.

About Fiji Airways:

Fiji Airways offers direct flights to 25 international destinations from its hub in Nadi, Fiji, including up to two flights a week between Singapore and the tropical paradise of Fiji. Travellers from Singapore can also enjoy seamless one-stop connections via Nadi to popular cities such as Sydney, Melbourne, Brisbane, Auckland, Christchurch and beyond.

Fiji Airways provides the only nonstop service between Singapore and Fiji’s 333 islands, which are celebrated for their warm hospitality, crystal-clear waters, vibrant coral reefs, and pristine white-sand beaches, delivering the perfect blend of relaxation and adventure.

Founded in 1951, the Fiji Airways airline group comprises Fiji Airways, Fiji’s international airline, and its wholly-owned domestic and regional subsidiary, Fiji Link. From its hubs at Nadi and Suva International Airports, Fiji Airways and Fiji Link serve 101 destinations in over 14 countries (including code-share). Destinations include Fiji, Australia, New Zealand, the US, Canada, the UK, Hong Kong (SAR China), Singapore, India, Japan, China, Samoa, Tonga, Tuvalu, Kiribati, Vanuatu and Solomon Islands. The Fiji Airways Group brings in 70 percent of all visitors who fly to Fiji, employs over 2000 employees, and earned revenues of over FJD$1.7 billion (USD $770m) in 2023. Fiji Airways rebranded from Air Pacific in June 2013. Visit www.fijiairways.com for more information.

 

 

Innovation Meets Inclusion: EdHeroes Global Forum 2025 Explore the Human-Centered Future of Education Technology

TRIESEN, Liechtenstein, July 22, 2025 /PRNewswire/ — As innovation accelerates and technology redefines every corner of modern life, EdHeroes Global Forum 2025 sets its sights on a crucial frontier: ensuring that the future of education is not only digital, but equitable, inclusive, and human-centered.

EdHeroes Global Forum 2025
EdHeroes Global Forum 2025

This year’s Forum convenes global leaders, educators, technologists, and activists to address the urgent need for responsible and ethical tech integration in education. Set entirely online with rotating time zones, the Forum is designed for worldwide participation—ensuring no region is left behind.

Under the theme “Innovation and Technology in Education”, this Forum examines how digital tools—from artificial intelligence and virtual reality to adaptive learning systems—can empower rather than displace human connection in the classroom. “We are living in a time of great change. Artificial intelligence, digital learning, and global connectivity are opening new doors—but they also bring new challenges,” said Alina Baimen, CEO and Co-Founder of EdHeroes. “Technology can be a powerful tool, but only when guided by human values, equity, and responsibility.”

Mark Sparvell, Director of Education Marketing at Microsoft, emphasized the importance of pairing AI with humanitarian values: “The greatest potential for technology in education is to humanize learning, not merely digitize the experience.” Marni Baker Stein, Chief Content Officer at Coursera, added, “Talent is equally distributed but opportunity is not. Online learning must bridge that gap. Every learner everywhere deserves access to the skills and opportunities they need to thrive.”

Key priorities of this year’s Forum include:

  • Digital Inclusion: Expanding access to digital learning tools for marginalized communities.
  • Ethical Tech: Tackling issues like AI bias, data privacy, and responsible innovation.
  • Human Connection: Leveraging technology to enhance creativity, critical thinking, and personalized learning without replacing educators.
  • Driving Innovation: Highlighting scalable, ethical solutions in EdTech that enhance engagement and accessibility.
  • Global Collaboration: Sharing scalable, ethical education models from across continents.
  • Shaping Policy: Supporting policies that promote secure and inclusive digital education systems.

To learn more visit https://global.edheroes.forum

 

CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)

HONG KONG, July 22, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China.

The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which leverages the adjacent existing facilities for development. 79 development wells are planned to be commissioned, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source well. The project is expected to achieve a peak production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil property is heavy crude.

Kenli 10-2 Oilfield is the first lithological oilfield with proved in-place volume of 100 million tons discovered in the shallow depression zone of the Bohai Bay Basin. It is developed in two phases under the strategy of “exploration and development integration, regional coordination, and phased implementation.” CNOOC Limited has adopted an innovative combined development approach of “conventional water injection + steam huff and puff + steam flooding”, providing strong technical support for the efficient utilization of oil reserves. The project’s platform integrates both conventional cold production and thermal recovery systems, and is equipped with over 240 sets of key equipment. It is one of the most complex production platforms in the Bohai region and the first large-scale thermal recovery platform for heavy oil in southern Bohai Sea.

Mr. Yan Hongtao, President of the Company, said, “The successful commencement of production of this project marks a new stage in the development of complicated heavy oil reservoirs offshore China. It will strongly support the Company’s Bohai Oilfield to achieve the annual gross production target of 40 million tons, contributing to the Company’s high-quality development through high-level operations.”

CNOOC Limited holds 100% interest in this project and is the operator.

— End —

Notes to Editors:

More information about the Company is available at https://www.cnoocltd.com

*** *** *** ***

This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn 

Mr. Cheng Yao
Ever Bloom (HK) Communications Consultants Group Limited
Tel: +852 5540 0725
Fax: +852 2111 1103
Email: cnooc.hk.list@everbloom.com.cn 

Health In Tech Announces Second Quarter 2025 Financial Results

  • Revenues of $9.3 million, up 86% YoY; The first-half year revenues of $17.3 million, 89% of full year 2024.
  • Adjusted EBITDA of $1.6 million, up 134% YoY; The first-half year adjusted EBITDA of $2.8 million, 1.2 times full year 2024.
  • Cash balance of $8.1 million.

STUART, Fla. , July 22, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced its financial results for the second quarter ended June 30, 2025.

Financial Highlights for the Second Quarter and First-Half of 2025: 

  • Revenues. Total revenues were $9.3 million, up 86% YoY. The first-half year revenues of $17.3 million, 89% of FY2024 total.
  • Billed Enrolled Employees. The number of billed enrolled employees (EEs) was 24,839, an increase of 5,738 EEs YoY.
  • Distribution. The number of Brokers, Third-party Administrator (“TPAs”) and Agencies expanded to 778 partners, up 87% YoY.
  • Pre-tax income. Pre-tax income was $0.8 million, more than doubled YoY; The first-half year pre-tax income of $1.5 million, 1.7x of FY2024.
  • Adjusted EBITDA. Adjusted EBITDA was $1.6 million, up 134% YoY; The first-half year adjusted EBITDA of $2.8 million, 1.2x of FY2024.
  • Cash. Cash balance was $8.1 million as of June 30, 2025.
  • Accounts receivable, net. Accounts receivable balance was $1.3 million as of June 30, 2025, reduced $0.2 million YoY.

“We delivered another strong quarter of profitable growth, with total revenue reaching $9.3 million—up 86% year over year—and first-half revenues already at 89% of our full-year 2024 total,” said Tim Johnson, CEO of Health In Tech. “Our distribution network has expanded to 778 partners—an 87% increase year over year—reflecting our strategic focus on growing beyond traditional broker channels. We’ve established partnerships with TPAs offering technology-driven solutions, regional healthcare benefit providers, and service platforms that support small businesses. This approach is broadening our market reach and delivering greater value to our customers. The 30% increase in billed enrolled employees and strong adoption across our network underscore the demand for our differentiated services and offering.”

Mr. Johnson added, “What’s particularly exciting is that many of our partners are now using our platform to bundle healthcare insurance with their existing services, enabling them to serve small business employer better by offering integrated, end-to-end solutions. Our AI-powered platform is easy to implement and highly intuitive, making it an ideal tool for partners seeking efficiency and scalability. With a broader distribution footprint and multiple new relationships in place, we’re confident in our ability to maintain strong growth momentum through the rest of the year.”

“We’re pleased with our second quarter results, which reflect strong execution and disciplined financial management across the business,” said Julia Qian, CFO of Health In Tech. “Q2 revenue reached $9.3 million, bringing first-half revenue to $17.3 million—already 89% of our full-year 2024 total—driven by continued strategic expansion of our distribution network and strong customer acquisition. Adjusted EBITDA for the quarter was $1.6 million, up 134% year over year, with first-half adjusted EBITDA reaching $2.8 million—1.2 times our full-year 2024 result. First-half pretax income represented 8.8% of revenue, a nearly 300 basis point improvement year over year, demonstrating our ability to maintain expense discipline and allocate resources effectively to drive top-line growth. Supported by a solid $8.1 million cash position, we remain focused on investing in high-impact initiatives and advanced technology solutions that scale efficiently and sustain profitable growth.”.

Recent Business Developments and Highlights

  • Verdegard Administrators: an integrated, concierge-level TPA, owned by MedImpact, the largest independent pharmacy benefit manager (PBM) in the U.S., managing prescription benefits for over 20 million members and processing tens of billions in annual drug transactions. This partnership will enable us to reduce costs for small businesses.
  • Unified Health Plans: a premier TPA recognized for its extensive provider network across Kansas. It has extensive provider network and focuses on controlling cost drivers and improving care quality. Unified dominates several niche business sectors in Kansas. The partnership with HIT will bring healthcare insurance solutions to the business members.
  • HILB Group, one of Insurance Journal’s Top 25 ranked U.S. insurance brokers with over 2400 employee across more than 125+ branch locations in all 50 States. It partners with HIT to co-develop and distribute smarter, more transparent self-funded health benefit solutions to a much broader base of small and mid-size employers.
  • Baily Insurance, established in 1880, in its fourth -generation ownership. The agency has over 200 years of combined team experience. Licensed advisors partnering with multiple Carriers. Baily is a co-founder and key broker partner in Fusion Health Plans that provides better care services and tech-enabled solution. The collaboration with HIT will deliver faster underwriting, administration, and scalability.

Conference Call Details

Health In Tech will host a conference call to discuss the financial results for the second quarter of 2025 on July 21, 2025, at 5:00 p.m. (ET). To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).

A live audio webcast will be available via the Investor Relations page of Health In Tech’s website at https://healthintech.com/. A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days.

Non-GAAP Financial Information

This release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America (“GAAP”). A reconciliation of historical non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end of this release.

Use of ForwardLooking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech 

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

 

 

Health In Tech, Inc.

Consolidated Statements of Operations

(Unaudited)

Three Months Ended

June 30,

Six Months Ended

 June 30,

2025

2024

2025

2024

Revenues

Revenues from underwriting modeling (ICE)

$2,090,576

$1,639,105

$4,442,560

$3,423,740

Revenues from fees

7,223,273

3,363,385

12,886,273

6,703,681

    SMR

7,223,273

2,595,545

12,886,273

5,128,467

    HI Card

767,840

1,575,214

Total revenues

9,313,849

5,002,490

17,328,833

10,127,421

Cost of revenues

3,003,979

974,727

5,663,564

1,964,638

Gross profit

6,309,870

4,027,763

11,665,269

8,162,783

Operating expenses

Sales and marketing expenses

1,226,738

974,522

2,316,993

2,017,730

General and administrative expenses        

3,775,453

1,816,679

7,022,218

3,815,873

Research and development expenses

582,609

701,626

1,120,330

1,461,822

Total operating expenses

5,584,800

3,492,827

10,459,541

7,295,425

Other income (expense):

Interest income

108,198

31,339

193,564

55,651

Interest expenses

(165,000)

(330,000)

Other income

118,399

Total other income (expense), net

108,198

(133,661)

311,963

(274,349)

Income before income tax expense

$833,268

$401,275

$1,517,691

$593,009

Provision for income taxes

(202,637)

(63,268)

(388,468)

(154,466)

Net income

$630,631

$338,007

$1,129,223

$438,543

Net income per share

    Basic

$0.01

$0.01

$0.02

$0.01

    Diluted

$0.01

$0.01

$0.02

$0.01

Weighted average common stocks outstanding                                  

    Basic

55,382,395

51,769,358

55,003,233

51,769,358

    Diluted

55,632,357

51,769,358

57,004,070

51,769,358

 

 

Health In Tech, Inc.

Consolidated Balance Sheets

(Unaudited)

June 30, 2025

December 31, 2024

Assets 

Current assets

Cash

$8,138,166

$7,849,248

  Accounts receivable, net

1,281,131

1,647,103

  Other receivables

3,854,834

500,252

  Deferred offering costs

66,500

  Prepaid expenses and other current assets

1,513,017

787,161

Total current assets

14,853,648

10,783,764

Non-current assets

 Software

5,519,110

3,962,461

 Loans receivable, net

847,993

815,995

 Operating lease – right of use assets

173,896

206,269

  Long-term prepaid expenses

783,603

Total non-current assets

7,324,602

4,984,725

Total assets

$22,178,250

$15,768,489

Liabilities and stockholders’ equity

Current liabilities

Accounts payable and accrued expenses

$4,327,475

$1,858,840

Income taxes payable

34,944

205,253

Operating lease liabilities – current

71,418

66,881

   Other current liabilities

955,743

Total current liabilities

5,389,580

2,130,974

Non-current liabilities

Deferred tax liabilities

262,129

328,676

Operating lease liabilities – non-current

102,938

139,811

Total non-current liabilities

365,067

468,487

Total liabilities

5,754,647

2,599,461

Stockholders’ equity

Common stock, $0.001 par value; Class A Common stock 150,000,000 shares authorized, 44,679,664
  and 42,914,870 shares issued and outstanding as of June 30, 2025 and December 31, 2024,
  respectively

44,679

42,915

Common stock, $0.001 par value; Class B Common stock 50,000,000 shares authorized, 11,700,000
  shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively

11,700

11,700

Additional paid-in capital

11,296,605

9,173,017

Retained earnings

5,070,619

3,941,396

Total stockholders’ equity

16,423,603

13,169,028

Total liabilities and stockholders’ equity

$  22,178,250

$15,768,489

 

 

Health In Tech, Inc.

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2025

2024

2025

2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$630,631

$338,007

$1,129,223

$438,543

Adjustments to reconcile net income to net cash provided by operating activities:

     Write-off of accounts receivable

5,990

5,990

     Amortization expense

135,983

134,787

271,966

269,574

     Provision for refund liability

175,698

955,743

     Deferred tax expenses (benefits)

(32,074)

754

(66,547)

(59,316)

     Amortization of debt discount

165,000

330,000

    Interest income

(15,999)

(15,999)

(31,998)

(31,998)

    Stock-based compensation expense

707,963

1,201,134

    Changes in operating assets and liabilities:

             Accounts receivable, net

823,480

556,793

359,982

777,895

             Other receivables

134,954

382,279

(3,354,582)

619,372

             Prepaid expenses and other current assets

813,510

(1,737)

(204,241)

(91,725)

             Long-term prepaid expenses

(357,666)

(357,666)

             Operating lease right of use assets and liabilities, net

18

623

37

1,247

             Accounts payable and accrued expenses

(1,150,600)

(70,229)

2,269,897

(1,555,558)

             Income taxes payable

(390,612)

(223,737)

(170,309)

(111,705)

Net cash provided by operating activities

1,481,276

1,266,541

2,008,629

586,329

CASH FLOWS FROM INVESTING ACTIVITIES:

Development of software

(909,897)

(93,962)

(1,613,372)

(227,356)

Net cash used in investing activities

(909,897)

(93,962)

(1,613,372)

(227,356)

CASH FLOWS FROM FINANCING ACTIVITIES:

Payments of deferred offering costs

(8,250)

(368,910)

(106,339)

(612,120)

Net cash used in financing activities

(8,250)

(368,910)

(106,339)

(612,120)

Increase (decrease) in cash

563,129

803,669

288,918

(253,147)

Cash, beginning of the period

7,575,037

1,359,534

7,849,248

2,416,350

Cash, end of the period

8,138,166

2,163,203

8,138,166

2,163,203

Supplemental disclosures of cash flow information:

Cash paid for interest

$-

$-

$-

$-

Cash paid for income taxes

$625,323

$286,252

$625,323

$325,487

Summary of noncash investing and financing activities:

Accrued deferred offering costs included in accounts payable and accrued expenses

$-

$220,961

$-

$220,961

Accrued development of software included in accounts payable and accrued expenses

$265,243

$25,817

$265,243

$25,817

Issuance of Class A common stock for service 

$1,037,984

$-

$1,037,984

$-

 

Adjusted EBITDA Reconciliation

(Unaudited)

For Three Months Ended June 30,

For Six Months Ended June 30,

2024

2025

2024

2025

Net income

$ 338,007

$ 630,631

$438,543

$1,129,223

Interest (income) expenses

133,661

(108,198)

274,349

(193,564)

Depreciation and amortization

134,787

135,983

269,574

271,966

Income tax expense

63,268

202,637

154,466

388,468

Stock-based compensation expense

707,963

1,201,134

Total net adjustments

331,716

938,385

698,389

1,668,004

Adjusted EBITDA

$ 669,723

$1,569,016

$1,136,932

$2,797,227

 

Components of Operating Results

Revenues

While we generate our revenue primarily from small employers and insurance carriers, we grow our business primarily from offering solutions that streamline sales processes, enhance service delivery, and reduce the sales cycle duration for TPAs, MGUs, and Brokers. We offer our services through our three subsidiaries. Program services provided by SMR and MGU activities provided by ICE (including eDIYBS) are interdependent, as they cannot function effectively without being combined. Services provided by HI Card are an optional add-on to our other services, and cannot be offered on a standalone basis. Brokers that utilize the program services on behalf of the small employer provided by SMR and MGU activities provided by ICE, are not obligated to utilize our HI Card service. Currently ICE does not offer underwriting services as a standalone service. In the future, we may consider offering it as a standalone service.

Cost of revenues

Cost of revenues primarily consists of infrastructure costs to operate our platform such as hosting fees and fees paid to various third-party partners for access to their technology, services and amortization expenses of our capitalized internal-use software related to our platform. We mainly outsource captive management services and data services from the third-party companies. Our internal proprietary system seeks to consistently improve underwriting and services results through machine learning and data feeds. The captive management activities include introducing new carriers, conducting due diligence on carriers, conducting feasibility studies to determine the viability to be a stop-loss carrier on the platform, negotiating terms and contracts, coordinating audit requests, managing relationship with unrelated carriers and their regulators and auditor firms to ensure that our risk associated with our service offerings is minimized.

Sales and marketing expenses

Sales and marketing expenses primarily consist of personnel-related costs including salaries, stock-based compensation expense, benefits and commissions cost for our sales and marketing personnel. Sales and marketing expenses also include the costs for advertising, promotional and other marketing activities, as well as certain fees paid to various third-party for sales and customer acquisition.

General and administrative expenses

General and administrative expenses primarily consist of personnel-related costs and related expenses for our executives, finance, legal, human resources, technical support, and administrative personnel as well as the costs associated with professional fees for external legal, accounting and other consulting services, insurance premiums.

Research and development expenses

Research and development expenses primarily consist of personnel-related costs, including salaries, stock-based compensation expense and benefits for our research and development personnel. Additional expenses include costs related to the software development, quality assurance, and testing of new technology, and enhancement of our existing platform technology.

Adjusted EBITDA

Adjusted EBITDA represents our net income before net interest expense, taxes, and depreciation and amortization expense, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA is not a measure calculated in accordance with United States Generally Accepted Accounting Principles, or GAAP. We exclude certain non-recurring or non-cash items when calculating Adjusted EBITDA, and we believe this approach provides a more meaningful measure by offering a clearer view of our underlying operational performance.

Financial Results Summary

(Unaudited

($ in millions)

Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

% Change

2025

2024

% Change

Total revenues

$

9.3

$

5.0

86.2 %

$

17.3

$

10.1

71.1 %

GAAP gross margin

67.7 %

80.5 %

-12.8 %

$

67.3 %

$

80.6 %

-13.3 %

Income before income
   tax expense

$

0.8

$

0.4

107.7 %

$

1.5

$

0.6

155.9 %

Adjusted EBITDA

$

1.6

$

0.7

134.3 %

$

2.8

$

1.1

146.0 %

 

 

Investor Contact
Investor Relations:
ir@healthintech.com

Trusted by Millions, iClever Makes HS19 a Back-to-School Essential for Safety, Comfort, and Durability

NEW YORK, July 22, 2025 /PRNewswire/ — As the back-to-school season approaches in 2025, iClever, a brand specializing in kids’ headphones, proudly introduces its flagship model, the HS19. This smart and dependable headphone is an essential addition to any family’s back-to-school shopping list. From July 30 to August 15, iClever will launch a promotional campaign targeting key markets in North America and Europe, utilizing major channels such as Amazon and the official brand website.

As school supply shopping peaks, parents prioritize safety and reliability in the devices their children will use daily. HS19 addresses these concerns with key product features. Its two-level volume control caps sound output at 85dB, safeguarding children’s developing hearing. The ultra-soft earmuffs and breathable over-ear design provide lasting comfort during long hours in class or while traveling. Durability is another standout feature: the braided cable resists tangling and damage from frequent handling, making it ideal for school and on-the-go use. Independent SGS certification for folding durability 5000 cycles further enhances its resilience, ensuring it meets the demands of daily life.

iClever HS19 Kids Headphones
iClever HS19 Kids Headphones

Beyond school compatibility, HS19 is tailored for a wide range of scenarios, from remote learning and road trips to shared listening at home. The built-in HD microphone supports hands-free calling, while the sharing jack allows two users to enjoy audio from the same device without the need for additional accessories. With over ten color options and themed designs like dinosaurs, the headphones offer a fun, personalized touch that appeals to both children and parents.

The HS19 headphones have earned consistent praise from parents for both their design and real-world performance. One parent described them as “a great purchase,” noting that a single pair lasted an entire school year and was still in use during summer break. Another user emphasized comfort during long journeys: “He wore them for the bulk of a several-hour road trip and didn’t complain or have to adjust once.” Portability also stands out in daily use. “My favorite feature is that it folds up a bit to fit easily in a travel bag, diaper bag, or airplane bag. We use them nearly once a week and they’re still going strong over nine months in,” a parent shared. These firsthand reviews underscore HS19’s comfort, durability, sound quality, and ability to grow with children across learning stages.

With over 15 years of experience dedicated to children’s audio solutions, iClever has emerged as one of the most recognized names in the category. More than five million families worldwide have chosen its products, and the brand has consistently ranked among the leading kids’ headphone sellers on Amazon. Leading publications such as CNET, Tech Advisor, The Bump, and Good Housekeeping have praised iClever for its commitment to safety, functionality, and child-friendly design.

In addition to commercial success, iClever continues to invest in social impact. To date, the brand has donated more than 12,000 headphones to over 2,000 schools, furthering its mission to support accessible, quality learning environments for children everywhere.

As families prepare for the upcoming academic year, HS19 by iClever offers a dependable solution designed to accompany children from classroom to car seat, from library to airplane cabin, helping them learn, explore, and share, every step of the way.

About iClever

Established in 2010, iClever is dedicated to crafting innovative and safe audio experiences for children. Its high-quality headphones protect young ears while igniting imagination. With a commitment to safety, innovation, and customer care, iClever fosters a sound world where children can explore freely, express themselves, and enjoy endless joy through engaging audio experiences.

For more information, please visit:

Website: www.iclever.com

TikTok: https://www.tiktok.com/@icleverkids_

Instagram: https://www.instagram.com/icleverkids/

Media Contact: Media@iclever.com

AV-Comparatives Publishes World’s Largest Independent Enterprise Cybersecurity Solution Test

17 Top-Tier Enterprise EPP, EDR, and XDR Solutions Evaluated in the Most Comprehensive ISO 9001:2015-Certified Public Assessment to Date

INNSBRUCK, Austria, July 22, 2025 /PRNewswire/ — AV-Comparatives, the globally recognised authority in independent cybersecurity testing, has released its Enterprise Security Test 2025 (March to June). This is the most extensive public evaluation to date of enterprise endpoint protection platforms (EPP), endpoint detection and response (EDR), and extended detection and response (XDR) solutions. Seventeen high-performing enterprise-grade cybersecurity products were rigorously evaluated using real-world attack simulations and scientifically sound methodologies, offering a comprehensive view of modern endpoint defence capabilities.

AV-Comparatives is ISO 9001:2015 certified for the Scope of "Independent Test of Cybersecurity Solutions"
AV-Comparatives is ISO 9001:2015 certified for the Scope of “Independent Test of Cybersecurity Solutions”

The report includes individual product descriptions that outline key strengths and capabilities to help IT decision-makers select the most suitable solution based on their organisation’s size, infrastructure, and security priorities.

What Sets This Test Apart?

Unmatched Scope: This is the largest public comparative test of enterprise EPP, EDR, and XDR solutions globally. Only mature, high-performing products were included. These had already demonstrated consistent reliability and strong protection in previous assessments.

Holistic Analysis: Each product was evaluated across four mission-critical dimensions:

  • Real-World Protection: Simulates internet-based threats encountered in active business environments.
  • Malware Protection: Evaluates detection of malicious files introduced via non-web vectors such as USB drives, network shares, or those already present on disk.
  • False Positive Rates: Measures detection accuracy and the ability to avoid blocking legitimate software.
  • Performance Impact: Quantifies system load and slowdowns during typical business operations.

To support enterprise IT leaders, the report includes an extensive feature matrix (page 57) detailing the core and advanced capabilities of each tested solution. This includes management interfaces, deployment models, threat response tools, and third-party integration support, helping organisations make informed side-by-side comparisons.

All evaluated products represent enterprise-ready solutions that meet modern protection standards. Each product received the AV-Comparatives Approved Enterprise Product Seal, recognising their proven security effectiveness, operational reliability, and readiness for large-scale deployment.

Peter Stelzhammer, co-founder of AV-Comparatives, commented:

“CISOs and IT leaders face complex, fast-evolving threats. Independent validation is not a luxury – it is essential. This test series provides evidence-based insights into how EPP, EDR, and XDR solutions perform in the field. We apply strict, scientifically grounded methodologies to help enterprises choose wisely.”

Access the full test report:
https://www.av-comparatives.org/tests/business-security-test-2025-march-june/

AV-Comparatives’ enterprise test series is ISO 9001:2015 certified for the scope of Independent Tests of Cybersecurity Solutions. It is globally trusted by CISOs, analysts, and IT leaders as the benchmark for unbiased, rigorous cybersecurity evaluation.

Cybersecurity and antivirus test results are available at www.av-comparatives.org for leading vendors including:
Avast, AVG, Avira, Bitdefender, Check Point, Cisco, CrowdStrike, Elastic, Fortinet, F-Secure, ESET, G DATA, Gen Digital, Google, Intego, K7 Computing, Kaspersky, Malwarebytes, ManageEngine, McAfee, Microsoft, NetSecurity, Nord Security, Norton, Palo Alto Networks, Rapid7, SenseOn, Sophos, Total Defense, TotalAV, Trellix, Trend Micro, VIPRE, WithSecure, and many more.

Media contact: Peter Stelzhammer, media@av-comparatives.org +43512287788