RenoWorks Announces 2013 Second Quarter Financial Results
28 August 2013 - 6:00PM
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 home
imaging software and web solutions for new home construction and existing home
renovations, today announced financial results for the second quarter month
ended June 30, 2013.
Financial results from operations for the second quarter 2013 with comparatives
for 2012 are as follows:
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Three Months Ended June 30
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2013 2012
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Revenue $ 503,158 $ 366,630
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Gross Margin $ 423,049 $ 254,491
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Expenses $ 344,075 $ 290,456
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Income (loss) $ 78,974 $ (35,965)
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Earnings (loss) per share $ 0.003 $ (0.001)
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Weighted Average Shares Outstanding 26,620,444 26,620,444
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Six Months Ended June 30
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2011 2012
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Revenue $ 940,735 $ 685,647
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Gross Margin $ 745,359 $ 442,197
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Expenses $ 683,015 $ 558,057
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Income $ 62,344 $ (115,860)
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Earnings (loss) per share $ 0.002 $ (0.005)
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Weighted Average Shares Outstanding 26,620,444 26,620,444
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Cash from (used in) operations $ (10,769) $ 28
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The Company's financial position as at June 30, 2013 and December 31, 2012 was
as follows:
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June 30, 2013 December 31, 2012
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Cash Balance $ 39,174 $ 74,110
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Working Capital $ (583,017) $ (617,053)
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Long term liabilities $ 59,481 $ 90,076
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Shareholder's Deficiency $ (604,447) $ (666,791)
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Deficit $ (5,466,606) $ (5,528,950)
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Total Assets $ 523,891 $ 632,561
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About RenoWorks Software Inc:
RenoWorks Software Inc. develops and markets cutting edge visualization software
and business growth tools 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
RenoWorks Software Inc.
Doug Vickerson
CEO
403-296-3880 x227
www.renoworks.com
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