Business
RESAAS Announces Record Quarter with Q1 2019 Results
VANCOUVER, BC / ACCESSWIRE / May 30, 2019 / RESAAS Services Inc. (TSX-V: RSS , OTCQB: RSASF...
About this update from Resaas Services, Inc.
[{"type":"text","content":"RESAAS Announces Record Quarter with Q1 2019 ResultsVANCOUVER, BC / ACCESSWIRE / May 30, 2019 / RESAAS Services Inc. (TSX-V: RSS, OTCQB: RSASF) President and CEO, Tom Rossiter, is pleased to report highlights from our Q1 2019 financials: Increased revenue by 86%, year-over-year from 2018 Decreased expenses by 67%, year-over-year from 2018 Decreased net loss and comprehensive loss by 75%, year-over-year from 2018Q1 2019 marks our strongest quarter to date with the highest revenue and lowest operating expenses. In late 2018, RESAAS made a number of corporate and operational changes that have already proven to be positive driving forces for the Company. In October 2018, RESAAS appointed Pierre Chadi as the Company's Chairman of the Board. Mr. Chadi is an accomplished bilingual senior executive with 19 years spent as Director of Eastern Region with Microsoft Canada. He has over 30 years leadership experience in technology enterprise sales and Software-As-A-Service (SaaS) Cloud Offerings, as well as well as over 20 years of active investor experience focused on early stage SaaS companies. In November 2018, RESAAS appointed Annie Chan as the Company's Chief Financial Officer. Ms. Chan is a Chartered Professional Accountant and Chartered Accountant with 12 years of experience working for publicly listed companies in technology, telecommunication, banking and mining. Ms. Chan helped bring these companies to their successful exit. Most recently, Ms. Chan was the Chief Financial Officer for a gigabit internet service provider where she oversaw the mergers & acquisition process that led to its acquisition in 2017. Since Ms. Chan's appointment, she has reduced the Company's operating expenditures by reducing non essential services. She has also been working with the Company's COO to analyze user engagement to drive revenue, and working with the Company's CEO on all corporate and legal initiatives.In May 2019, RESAAS appointed Sascha Williams as the Company's Chief Operating Officer. Mr. Williams is a seasoned technology entrepreneur, with a particular focus on building recurring revenue businesses. Most recently, Mr. Williams served as President & COO of Unbounce, one of Canada's top performing SaaS companies with 175 employees in Vancouver and Berlin. Mr. Williams also held director positions at Disney Interactive, Electronic Arts ...