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The latest update is out from Resaas Services ( (TSE:RSS) ).
RESAAS Services Inc. has welcomed a significant policy change in Canada’s 2025 Federal Budget, which now allows publicly traded technology companies to receive refundable Scientific Research & Experimental Development (SR&ED) credits. This change, retroactive to January 1, 2025, will enable RESAAS to convert its technology development expenditures into non-dilutive, non-debt capital, thereby strengthening its financial position. The company expects this will support continued innovation and growth in its real estate data platform, marking a positive shift in its operational and financial strategy.
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 serves the global residential and commercial real estate industry. Over 600,000 residential real estate agents in 160 countries utilize RESAAS to access unique real estate data, international referrals, and Coming Soon listings. Additionally, major commercial real estate brokerages and institutions use RESAAS as a data exchange platform to securely share data with designated third parties.
Average Trading Volume: 36,479
Technical Sentiment Signal: Buy
Current Market Cap: C$29.61M
Find detailed analytics on RSS stock on TipRanks’ Stock Analysis page.