RenoWorks Announces March 31, 2009 Quarter End Financial Results
27 Mai 2009 - 10:44PM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES
NEWS WIRE SERVICES.
RenoWorks Software Inc. (TSX VENTURE:RW), a leading provider of digital exterior
and interior home imaging software solutions for new home construction and
existing home renovations, today announced financial results for the three
months ended March 31, 2009.
Financial results from operations for the quarter and three months ended
March 31, 2009, with comparatives for 2008, as follows:
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Quarter ended Quarter ended
March 31, 2009 March 31, 2008
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Revenue $292,738 $195,212
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Gross Margin $181,413 $73,379
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Operating Expenses $377,378 $324,116
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Net Income (Loss) ($163,958) ($256,740)
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Net Income (Loss) per share ($0.001) ($0.015)
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Weighted average shares outstanding 22,620,444 17,620,444
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Cash from (used in) operations $124,533 ($87,513)
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The Company's financial position as at March 31, 2009 and December 31, 2008
was as follows:
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March 31, December 31,
2009 2008
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Cash balance $520,242 $409,531
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Working capital ($604,184) ($423,180)
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Long term liabilities $183,544 $188,715
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Shareholders' deficiency $730,232 $554,879
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Deficit ($5,371,750) ($5,207,792)
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Total assets $674,863 $538,466
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Deferred Revenue $ 1,122,511 $780,388
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About RenoWorks Software Inc:
RenoWorks Software Inc. develops and markets cutting edge visualization software
and integrated solutions for the remodeling and new home construction
industries. RenoWorks' software and web solutions use digital imaging to
showcase interior and exterior building products on a picture of a customer's
room, home, or blueprint. The software allows users to envision various 'before
and after' design options using a database of actual manufacturer's products.
For more information, visit www.renoworks.com, or call 403-296-3880.
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