Renoworks Third Quarter Revenue Slides

The total revenue for Renoworks Software Inc. in the third quarter was $1.39 million, down from $1.41 million from the previous year. Furthermore, the company had a recurring revenue of $454,329 versus $416,931, a design services revenue of $709,092 compared to $767,109, and an increase in margin to 61.7 per cent from 65 per cent. "The strong alignment between our platform solution and the business needs of our growing client base is one reason why our recurring revenues grew nine per cent year-over-year in the third quarter of fiscal 2021," says Doug Vickerson, chief executive officer at Renoworks.