Latest news with #DougVickerson
Cision Canada
17-06-2025
- Business
- Cision Canada
Renoworks Engages Sophic Capital for Capital Markets Advisory and Investor Relations Services and Grant Additional Options
CALGARY, AB, June 17, 2025 /CNW/ - Renoworks Software Inc. (TSXV: RW) (" Renoworks" or the " Company"), an industry leader in visualization and lead generation technology for the home renovation and new construction sector, announces that it has entered into a capital markets advisory agreement with Sophic Capital Inc. (" Sophic Capital"), to provide investor relations services to the Company. Sophic Capital will assist the Company in the preparation of an investor communications plan, investor materials, news releases, roadshows and conference calls. "As we continue to scale and deliver consistent financial performance, we recognize the importance of increasing our visibility with investors," said Doug Vickerson, CEO of Renoworks. "Our sustained growth reflects the strength of our business model and as we look ahead to 2025 and beyond, now is the right time to engage Sophic Capital. Their expertise will be instrumental in helping us communicate our story as well as execute a sound capital markets strategy to support our next phase of expansion." "Renoworks is a growing and innovative company with experienced leadership, a unique technology adopted by industry leaders, and has a significant market opportunity," said Sean Peasgood, President and CEO of Sophic Capital. "We believe that its progress has been underappreciated by investors, and we've started assembling a strategy to bring greater awareness to Renoworks' story and drive long-term value creation for shareholders." The agreement is for a term of 12-months, commencing on June 16, 2025. In consideration for Sophic Capital's services, the Company will pay Sophic $8,000 per month and will reimburse Sophic Capital for expenses approved by the Company in advance in writing. In addition, the Company will grant to Sophic Capital 100,000 stock options. The options vest in equal installments over 12 months, have a five-year term and an exercise price of $0.335. These options expire June 15, 2030 and are governed by the company's Stock Option Plan. In addition, Renoworks announced that on June 16, 2025 the Company issued 375,000 stock options to officers and directors of the Company. The options vest equally over three years, have a five-year term and an exercise price of $0.335. These options expire June 15, 2030 and are governed by the company's Stock Option Plan. This brings the total number of options outstanding to 3,361,167 or 8.3% of outstanding shares. About Sophic Capital Sophic Capital is a full-service capital markets advisory and investor relations firm for public and private growth companies. We specialize in developing complete capital markets strategies for companies across all stages of development and all sectors of the market. Our team collectively has more than 50 years of experience in capital markets and relevant industry sectors spanning multiple jurisdictions. The versatility and relationships Sophic Capital brings enables us to deliver extensive, customized, and actionable strategies for early-stage growth companies. Our depth of knowledge in the technology, clean technology, and industrial markets combined with decades of experience working in the capital markets and industry, makes Sophic Capital an ideal partner to help lower your cost of capital, and accelerate your growth. For more information, visit About Renoworks Renoworks Software Inc. develops and sells unique digital visualization software and integration solutions for the remodeling and new home construction industry. Renoworks delivers its technology to manufacturers, contractors, builders, and retailers offering solutions to one of the home improvement industry's greatest challenges: enabling homeowners to review their product selections in a hyper-realistic, virtual environment before committing to purchases and construction. Renoworks markets its technologies as an innovative engagement, sales, and marketing platform and generates revenues from five main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services, Renoworks FastTrack, and Renoworks API (Application Programming Interface). For more information, visit and Forward Looking Information Certain statements in this news release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. SOURCE RenoWorks Software Inc.
Cision Canada
28-04-2025
- Business
- Cision Canada
Renoworks Announces Launch of 15 New Enterprise Visualizers and Correction of Recurring Revenue in Press Release Announcing 2024 Year End Results USA - English APAC
CALGARY, AB, April 28, 2025 /CNW/ - Renoworks Software Inc. (TSXV: RW) ("Renoworks" or the "Company), an industry leader in visualization and lead generation technology for the home renovation and new construction sector, previously announced its annual and fourth quarter 2024 financial results. The financial statements and related management's discussion and analysis ("MD&A") can be viewed at Unless otherwise stated, all amounts are Canadian dollars. Renoworks Software Inc. announced today corrections to the recurring revenue in its press release sent out on April 15, 2025. The prior press release stated: Recurring revenue rose 20% to $1,961,850, compared to $1,632,484 in 2023. That statement is corrected to read as follows: Recurring revenue rose 23% to $2,764,398, compared to $2,251,019 in 2023. The 15 newly launched visualizers span a diverse range of manufacturers and distributors, reflecting the growing demand for digital visualization solutions among building product brands. These additions reinforce Renoworks' strategic focus on expanding its enterprise offering, growing its client base across North America, and enhancing the customer experience through immersive, accurate design technology. New Enterprise Visualizer Launches Include: 1951 Cabinetry ASCEND (by Alside / Associated Materials) Centurion Stone Curtis Lumber Exceptional Metals Fortify Building Solutions Louisiana-Pacific Corporation (LP Corp) MetalMax Pella Windows & Doors Quality Edge Shenandoah Cabinetry Stone Selex West Virginia Metal Wholesalers Westform Metals Worthouse Metal Roofing Manufacturing These enterprise partners represent sectors spanning roofing, siding, stone veneer, cabinetry, entry doors and windows, illustrating the broad applicability of visualization solutions in today's evolving construction and remodeling markets. "The addition of these new enterprise visualizers is a testament to the growing recognition of Renoworks as the platform of choice for manufacturers and distributors looking to elevate their customer engagement strategies," said Doug Vickerson, CEO of Renoworks. "We are proud to support these leading brands in transforming the way homeowners, builders, and contractors interact with products. This momentum strengthens our foundation as we continue to expand our reach, enhance our platform's capabilities, and drive value for our customers and shareholders alike." To view examples of Renoworks-powered visualizers, visit About Renoworks Renoworks Software Inc. develops and sells unique digital visualization software and integration solutions for the remodeling and new home construction industry. Renoworks delivers its technology to manufacturers, contractors, builders, and retailers, offering solutions to one of the home improvement industry's greatest challenges: enabling homeowners to review their product selections in a hyper-realistic, virtual environment before committing to purchases and construction. Renoworks markets its technologies as an innovative engagement, sales, and marketing platform and generates revenues from five main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services, Renoworks FastTrack, and Renoworks API (Application Programming Interface). For more information, visit and SOURCE RenoWorks Software Inc.
