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The latest announcement is out from Resaas Services ( (TSE:RSS) ).
RESAAS Services Inc. announced a delay in filing its audited annual financial statements for the year ended December 31, 2024, due to resource constraints within its auditor. The company has applied for a temporary management cease trade order (MCTO) to restrict trading by its CEO and CFO, while shareholders remain unaffected. RESAAS is working closely with its audit firm to complete the filings by May 31, 2025, and will provide bi-weekly updates until then.
Spark’s Take on TSE:RSS Stock
According to Spark, TipRanks’ AI Analyst, TSE:RSS is a Underperform.
Resaas Services is currently facing significant financial challenges, with poor financial performance as indicated by negative revenue growth, high leverage, and unprofitability. Technical analysis also shows weak momentum, contributing to a low overall stock score. Despite positive corporate events, the core financial and technical weaknesses weigh heavily on the stock’s outlook.
To see Spark’s full report on TSE:RSS stock, click here.
More about Resaas Services
RESAAS Services Inc. is an award-winning technology company that provides solutions for the global residential and commercial real estate industry. It serves over 600,000 residential real estate agents in 160 countries, offering unique real estate data, access to international referrals, and Coming Soon listings. Additionally, commercial real estate’s largest brokerages and institutions use RESAAS as a data exchange platform to securely distribute data with designated third parties.
YTD Price Performance: 83.53%
Average Trading Volume: 26,225
Technical Sentiment Signal: Hold
Current Market Cap: $23.72M
For an in-depth examination of RSS stock, go to TipRanks’ Stock Analysis page.