Business
Renoworks announces 2017 first quarter financial results
Renoworks announces 2017 first quarter financial results Canada NewsWire CALGARY...
About this update from Renoworks Software Inc.
[{"type":"text","content":"\n\n\n\nRenoworks announces 2017 first quarter financial results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.67em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen4{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 26, 2017\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES./\n\nRenoworks graphic services revenues up 323%\n\n\n\nCALGARY, May 26, 2017 /CNW/ - Renoworks Software Inc. (TSXV: RW)(\"Renoworks\" or the \"Company\") a leading provider of digital home imaging software and web solutions for new home construction and existing home renovations, yesterday announced financial results for the first quarter ended March 31, 2017.  The financial statements and related management's discussion and analysis (\"MD&A\") can be viewed on SEDAR at www.sedar.com.\n\nQuarterly financial and business highlights:\n\n\nQuarterly revenues of $665,503 for the three months ended March 31, 2017 compared to $649,574 in 2016.\nGraphic service revenues increased by 323% to $76,786 in the quarter ended March 31, 2017, compared to $18,132 for the same period in 2016.\n64% of the first quarter's revenue in 2017 is attributable to annual recurring customer contracts.\nGross margins continue to be strong at 72% for the quarter.\nAdjusted EBITDA* for the three month...