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Nov 30, 2022

Design Services Help Renoworks Earnings

Renoworks Software Inc. had total revenue of $1.6 million for the third quarter of 2022, an increase of 19 per cent compared to revenue of $1.4 million for the third quarter of 2021. Design services revenue was $830,812 for the quarter, a 17 per cent increase year over year. Gross margin was 63 per cent for the quarter compared to 62 per cent in the year-ago period. The company had a net loss of $225,110 compared to a net loss of $157,434 in the year-ago quarter.

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