Renoworks Software (TSE:RW) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Renoworks Software Inc. reports a 6% increase in annual revenue to $6.29 million for 2023, along with a significant decrease in net loss from $1.32 million in 2022 to $497,771, attributed to a 20% increase in licensing and hosting revenue and improved operational efficiencies. The company also saw a 31% increase in recurring revenue during the fourth quarter, with strong gross margins maintained year over year.
For further insights into TSE:RW stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue