Renoworks Sees Dip In Revenue

Renoworks Software Inc. had revenues of $1.3 million for the first quarter of 2022, a decrease from $1.4 million in the first quarter of 2021. Deferred revenue was $1.37 million for the quarter, down from $1.39 million from the previous quarter. Gross margin dropped from 65 to 63 per cent from last year’s first quarter. Net loss was $332 thousand compared to a net loss of $42 thousand in the year-ago quarter.